Ascendant Resources Announces Q2 2018 Production Results

Ascendant Resources (TSX:ASND) has announced production results from its El Mochito mine for the second quarter of 2018 demonstrating continued operational improvements.

As highlighted in the press release:

• Record contained metal production of 22.9 million zinc equivalent pounds, an increase of 7 percent over Q1 2018 and 49 percent over Q2 2017
• Zinc equivalent grade of 6.3 percent, representing an increase of 3 percent over 6.1 percent zinc equivalent in Q1 2018 and a 14 percent increase over 5.5 percent zinc equivalent in Q2 2017
• Quarterly tonnes milled of 192,428 vs 186,955 tonnes in Q1 2018 and 150,785 in Q2 2017

As quoted in the press release:

“Overall, Ascendant continues to see higher throughput rates with increased grade as it continues to focus on dilution control and greater contribution from conventional mining in the higher-grade chimneys. Management expects tonnes processed and ore grades to continue trending higher over the course of the year. This quarter also saw the largest contribution from long-hole stoping since Ascendant gained control of the mine; the introduction of this lower cost mining methodology is well ahead of schedule at the mine and will continue to become a greater percentage of production.”

Click here to read the full Ascendant Resources (TSX:ASND) press release.