Ascendant Resources Announces Q2 2018 Production Results
Ascendant Resources has announced production results from its El Mochito mine for the second quarter of 2018 demonstrating continued operational improvements.
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.
