Base Metals

Ascendant Resources has announced that the company has filed a technical report for its El Mochito mine in Honduras supporting the updated mineral reserve and resource estimate announced on April 10, 2018.

Ascendant Resources (TSX:ASND,OTCQX:ASDRF,FRA:2D9) has announced that the company has filed a technical report for its El Mochito mine in Honduras supporting the updated mineral reserve and resource estimate announced on April 10, 2018.

According to the company the new estimate illustrates a significant increase in both mineral resources and reserves against the previous mineral resource and reserve estimates dated December 31, 2015 and highlights the mine’s long history of expanding and upgrading mineral resources.

As highlighted in the press release:

  • Proven & Probable Mineral Reserves increase life of mine beyond seven years (at a rate of 820 kt per year):
    • Contained zinc increased 193 percent from 204Mlbs to 597Mlbs
    • Contained lead increased 109 percent from 100Mlbs to 209Mlbs
    • Contained silver increased 106 percent from 3.5Moz to 7.2Moz
  • Measured & Indicated Mineral Resources increase
    • 50 percent to 869Mlbs contained zinc from 578Mlbs, and
    • 28 percent to 1,216Mlbs contained zinc equivalent metal, up from 953Mlbs
  • Inferred Mineral Resources also increase by 14 percent to 739Mlbs contained zinc equivalent metal, up from 648Mlbs.

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

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