Gravity Survey Results Identify High Impact Near Deposit Massive Sulphide Exploration Targets at its Lagoa Salgada VMS Project, in Portugal

Gravity Survey Results Identify High Impact Near Deposit Massive Sulphide Exploration Targets at its Lagoa Salgada VMS Project, in Portugal

 
  • New High-Resolution gravity survey suggests potential to rapidly expand Massive Sulphide Mineralization at current Venda Nova North and South Deposits
  •  
  • Multiple additional gravity anomalies identified to potentially add to the Massive Sulphide Ore Bodies near Venda Nova
  •  
  • EDM's Option to gain a 15% interest in the Project extended to September 30, 2024 due to upcoming elections and government change
  •  

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company") is pleased to announce the results of its recent high-resolution gravity survey completed over the Venda Nova North and South Deposits at its Lagoa Salgada VMS Project, in Portugal

 

Key Highlights

 
  • Four new high priority targets identified near existing deposits
  •  
  • Highest priority target located below and west of current high-grade North Deposit
  •  
  • Second priority target sits above known copper corridor in South Deposit
  •  
  • Potential to materially and rapidly expand known mineralization at Venda Nova and enhance value of the results of the recent Feasibility Study
  •  
  • New results validate use of technology for additional exploration target generation.
  •  
  • Portuguese agency EDM granted extension of its option to September 30, 2024
  •  

Mark Brennan, Executive Chairman of Ascendant stated, "The results of this most recent high-resolution gravity survey combined with reinterpreted previous IP data have identified two strong drill ready targets that have the potential to add material tonnage and value to the existing mineralization at Venda Nova and potentially enhance the overall economics relative to the recently completed feasibility study. The presence of additional massive sulphide lenses would be congruent with existing deposits on the IPB which typically consist of multiple stacked massive sulphide lenses."

 

He added. "Additionally, in light of upcoming elections in Portugal, and the ensuing change in government, Ascendant and its partner are pleased to grant an extension to EDM for its option on the project. We see EDM, and by extension both the government and communities of Portugal, as integral partners for the development of our project as we aim to build the next producing mine on the Iberian Pyrite Belt. "

 

As per the most recent NI 43-101 Feasibility Study published on July 25, 2023, the existing Primary Massive Sulphides at the Venda Nova North deposit represents 4.4 million tonnes of the total 14.6 million tonne Reserve, but given the high grade nature of this material it contributes significantly to the overall NPV of the project due to the significantly higher NSR value per tonne (US$>100 per tonne) as compared to the average material including the other lithologies. As such, the ability to expand the overall massive sulphide ore content could enhance the overall project economics significantly. The targets have been identified by their gravity signature that closely matches the existing high value, dense massive sulphide orebody we currently have at the Venda Nova North Zone. As a result, the Company is planning a drill program to more fully evaluate this potential in the near future.

 

The high-resolution survey was designed to map the known gravity footprint of the existing Massive Sulphide Resource of Venda Nova at a much higher resolution than previous surveys, and then use the common characteristics to search for additional potential Massive Sulphide lenses within and surrounding the Venda Nova deposit. The results outlined here have identified four high priority exploration targets each with the potential to add additional meaningful tonnage to the existing Primary Massive Sulphide endowment. The results of the survey also validate the targets suggested by previous IP/Res and TDEM surveys. The location of these targets and the high-resolution gravity survey are summarized in Figure 1. below and described in more detail subsequently.

 
Figure 1 - Exploration Targets. Locations of targets is laid over Downward Continuity Bouguer gravity map (Downward Continued 60 m). Blocks from current MRE with densities above 3.5 g/cm3 are shown to highlight zones were the source of the anomalies is known.
 
 
 
 
 
 
 
 
 
 

Target Descriptions

 

Target 1: SW North Zone Target

 

SW of the North Zone the gravity anomaly bulges to the west of the southern half of the North Massive Sulphide ore body. According to the geophysical interpretation, based on upward and downward continuation of the Bouguer Gravity, the high-density mass sits deeper than the known ore deposits. Its center coincides with the projection of a notable volume that has chargeability and resistivity features identical to the known massive sulphides. The Company believes this can be explained geologically by a faulted displaced block of the known ore body or by a new lens occurring in the western limb of the north zone anticline. In both cases the potential massive sulphide source could extend for over 250 m along strike.

 
 
 
 
 
 
 
 
 
 
 

Target 2 & 3: South Sector West & East Flanks

 

The gravity anomaly in the Northern part of the South Zone is flanked by two discrete trends, i) The eastern flank is partially explained by two known semi massive Lenses (Pyritic) previously encountered by drilling, but suggests an extension to the north of the known area; and ii) the West Flank is untested and could represent an additional massive sulphide lens in the footwall of the south Zone trend up dip from the Stockwork mineralization. Interestingly, this Gravity anomaly sits above some of the higher-grade Copper and less transpositional mineralization intercepted at depth as part of the previous infill campaign. This may suggest the potential to have a more copper rich massive sulphide lens in this area.

 
 
 
 
 
 
 
 
 
 
 

Target 4: Anomaly Delta

 

The fourth gravity anomaly corresponds to a previously announced IP anomaly, Anomaly Delta. However, the new gravity data locate the target a few hundred meters to the north of previous drilling.

 

Detailed Gravity Survey

 

The survey was conducted between January and February of this year by McKeown Exploration Services, using a Scintrex CG-6 gravimeter and a Trimble real-time Differential GPS. It consisted of 788 unique gravity stations spaced at a nominal 25 and 50m station spacing on an inclined grid with an azimuth of 66.3°/246.3° true, with lines nominally spaced 100m and 200m apart. In areas of interest, e.g., the profiles across the known North Zone VMS deposit, the station spacing was tightened to 25m separation in order to permit detailing of the gravitational variation across the known mineralization. A 25m station spacing can define the local profiles well enough to permit downward continuation filtering of the data, to sharpen the resolution of targets deeper than the base of the Tertiary cover. Data analysis was conducted by Intelligent Exploration.

 
Figure 2 - Survey Grid Showing Actual Station Locations
 
 
 
 
 
 
 
 
 
 

The Bouguer gravity map exhibited in Figure 3, below, shows a clear anomaly over the known VMS deposit in the North Zone. The overall axis of the gravity high is NNW-SSE, parallel to the inferred axial plane of a tight, near vertical fold long believed to host this deposit.

 

A saddle separates the mass excess over the North VMS zone from a clear second peak about 500m to the south-southeast in the South Zone. This peak extends farther toward the SSE where it is less intense but coincides with the known South Zone of re-mobilized stockwork mineralization. It should be noted that this gravity signature would typically not be explained by the density of the known stockwork mineralization and suggests that additional higher density material is present.

 
Figure 3 - Bouguer Gravity
 
 
 
 
 
 
 
 
 
 

It is clear from Figure 4 below that 1) the VMS anomaly in the North extends farther west than the known deposit and that 2) a second significant anomaly occupies the northern extent of the South Zone where it is largely undrilled.

 
Figure 4 - Bouguer Gravity map of Lagoa Salgada showing the gravity anomalies in relation to the drilling. The known VMS deposit is outlined in light blue.
 
 
 
 
 
 
 
 
 
 

EDM Extension

 

Additionally, the Company announces Empresa de Desenvolvimento Mineiro ("EDM") requested and has been granted an extension to the term of its option agreement for a 15% interest in the Lagoa Salgada Project. The extension has been granted by the Company's 80% owned subsidiary Redcorp - Empreendimentos Mineiros, Lda ("Redcorp") and extends the deadline for exercise from February 3, 2024 to September 30, 2024.

 

Although EDM had shown strong interest in the Lagoa Salgada project, after the resignation of the Prime Minister of Portugal, on November 7, 2023, which led to the dissolution of the Assembly of the Republic and the scheduling of elections for March 10, 2024, a request for an extension was requested. With the interim nature of the current government, the ability for EDM to make a decision is constrained. Given this scenario, an extension of the option for EDM was agreed. In the meantime, a memorandum of cooperation has been signed between Redcorp and EDM for the support to the development and licensing of the Lagoa Salgada project.

 

Under the various agreements Empresa de Desenvolvimento Mineiro S.A. ("EDM"), the Portuguese State Mining Development Agency, has an option to participate in or sell up to a 15% interest in the Project by making an election by September 30, 2024 (the "EDM Option"). If EDM elects to exercise the EDM Option, then the Company is entitled to exercise call options causing the transfer from Mineral & Financial Inc. ("M&FI") of the free carried interest quotas of the Lagoa Salgada concessionaire, Redcorp Empreendimentos Mineiros, Lda ("Redcorp"), to Ascendant such that Ascendant would continue to own an 80% interest in the Project and MF&I would hold 5%.

 

The agreements also provide that M&FI shall have the right and option, but not the obligation, to exercise its put option commencing on the date on which EDM makes its election and terminating four (4) months thereafter, to require Ascendant to purchase all of the Redcorp shares then held by M&FI, representing a 5% interest in Redcorp by paying the put price to M&FI. The put price would be an amount in US dollars, payable in cash, equal to 5% of the post-tax net present value of the Project provided in the then current feasibility study using a 10.5% discount rate (the "Put Option").

 

If both the EDM Option and the Put Option are executed, the Company would hold an 85% interest in the Project and EDM would hold a 15% fully contributing interest, with each party required to contribute pro rata, subject to standard dilution clauses.

 

Review of Technical Information

 

The scientific and technical information in this press release has been reviewed and approved by Sergio Gelcich, P.Geo., Vice President, Exploration for Ascendant Resources Ltd, who is a Qualified Person as defined in National Instrument 43-101.

 

About Ascendant Resources Inc.

 

Ascendant Resources is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver, and gold. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 7,209-hectare property concession.

 

Located just 80km from Lisbon and surrounded by exceptional infrastructure, Lagoa Salgada offers a low-cost entry to a significant exploration and development opportunity, already showing its mineable scale and cashflow generation potential.

 

Ascendant currently holds an 80% interest in the Lagoa Salgada project through its position in Redcorp - Empreendimentos Mineiros, Lda, ("Redcorp"). The Company's common shares are principally listed on the Toronto Stock Exchange under the symbol "ASND". For more information on Ascendant, please visit our website at http://www.ascendantresources.com/.

 

Additional information relating to the Company is available on SEDAR at www.sedar.com.

 

For further information, contact:

 
            
Mark Brennan Mike McAllister
Executive Chairman, Founder Vice President, Investor Relations
  Tel: +1-647-805-5662
  mmcallister@ascendantresources.com
 

Forward Looking Information

 

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

 

Forward-looking statements contained in this press release include, without limitation, statements regarding the business, the Lagoa Salgada project and timing of completion of studies. In making the forward- looking statements contained in this press release, Ascendant has made certain assumptions, including, but not limited to the potential to add material tonnage and value to the Venda Nova deposit and impact on overall economics, EDM's interest in participating in the Project, M&FI's exercise of the Put Option, outcomes associated with optimization works at the Lagoa Salgada Project. Although Ascendant believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Ascendant disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading "Risks Factors" in the Company's Annual Information Form dated March 31, 2023 and under the heading "Risks and Uncertainties" in the Company's Management's Discussion and Analysis for the years ended December 31, 2022 and 2021 and other risks identified in the Company's filings with Canadian securities regulators, which filings are available on SEDAR at www.sedar.com. The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company's forward-looking information. The Company's statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

 

SOURCE: Ascendant Resources, Inc.

 

View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

ASND:CA
The Conversation (0)
Ascendant Resources (Ascendant Resources)

Ascendant Resources


Keep reading...Show less

District-scale Polymetallic Project in the Prolific Iberian Pyrite Belt

Ascendant Announces Cooperation Agreement With University of Lisbon

Ascendant Announces Cooperation Agreement With University of Lisbon

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company") is pleased to announce the Company, through its subsidiary, Redcorp - Empreendimentos Mineiros, Lda ("Redcorp"), has entered into a Protocol of Cooperation ("Protocol") with the Faculty of Sciences of the University of Lisbon ("Faculdade de Ciências da Universidade de Lisboa - FCUL") with the aim to establish cooperation frameworks for joint participation in a wide range of projects, studies, and activities, focusing on Education, Training and Research on Environment and Natural Resources, and Innovation

This Protocol of Cooperation marks the beginning of a dynamic partnership aimed at bridging the gap between academic research and the business community. This agreement underscores the mutual commitment to advancing education, training, environmental stewardship, and innovation.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Ascendant Appoints McGovern Hurley As Company Auditor

Ascendant Appoints McGovern Hurley As Company Auditor

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company") is pleased to announce that it has appointed McGovern Hurley LLP as its auditor until the next meeting of shareholders

The appointment of McGovern Hurley follows mutual agreement between Ascendant and KPMG LLP and the subsequent notice from KPMG LLP to resign as auditor of the Company.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Ascendant Resources Announces Results of Annual General Meeting of Shareholders

Ascendant Resources Announces Results of Annual General Meeting of Shareholders

 

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASND) ("Ascendant" or the "Company") is pleased to announce the voting resultsof the Company's 2024 Annual General Shareholders' Meeting (the "Meeting") held on June 13, 2024, in Toronto, Ontario

 

A total of 51,497,589 common shares were voted at the Meeting, representing 27.59% of the votes attached to all outstanding common shares of the Company. All matterspresented for shareholder approval at the Meeting were duly authorized and approved as follows:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Ascendant Appoints Senior IPB Veteran Guy Lauzier, P.Eng. As Technical Advisor For Development Of Lagoa Salgada Project

Ascendant Appoints Senior IPB Veteran Guy Lauzier, P.Eng. As Technical Advisor For Development Of Lagoa Salgada Project

  • Senior Mining Engineer with oversight expertise in mine planning, design, construction and project management for Matsa, Aljustrel and Neves Corvo's VMS projects on the Iberian Pyrite Belt;
  • Strengthens Ascendant's Technical capability during transition for project development

Ascendant Resources Inc. (TSX:ASND)(OTCQX:ASDRF)(FRA:2D9) ("Ascendant" or the "Company") is pleased to announce that it has strengthened its management team with the appointment of Mr. Guy Lauzier, P.Eng., who has been appointed as Technical Adviser for its Lagoa Salgada project. Mr. Lauzier will work with the management team to enhance the design, construction and delivery of the Lagoa Salgada VMS Project, located on the Iberian Pyrite Belt, in Portugal

Mr. Lauzier is a mining engineer with over 45 years' experience in both underground and open pit mining. Previous employment experience includes a tenure at projects located on the Iberian Pyrite Belt including MATSA - Trafigura, as Project Manager specializing in project design, control and construction of a 2.2 Mtpa processing plant. He was Project Manager at Lundin Mining's previously owned Aljustrel Project in Portugal, where he was responsible for the engineering and upgrade of Lead/Zinc/Copper circuit, fine crushing and fine grinding system. He organized the reopening of the Moinho mine and the development of the the Feitais mine for 3000 tpd. Prior to Lundin, Mr. Lauzier was a Technical Advisor at Eurozinc Neves Corvo's Mine (IBP) where his responsibilities included Mine Planning, Design, Construction and Project Management as well as the refurbishment of the Lead Zinc plant.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Ascendant Reports Significant Metallurgical Improvements at Its Lagoa Salgada VMS Project, Portugal

Ascendant Reports Significant Metallurgical Improvements at Its Lagoa Salgada VMS Project, Portugal

 
  • Results demonstrate ability to produce saleable and highly marketable Zinc and Lead concentrates from the Primary Massive Sulphide domain.
  •  
  • Significant improvement in Zinc recoveries (13% increase) and concentrate grades (22% increase) compared to the Feasibility Study.
  •  
  • Metallurgical results, completed at coarser grind sizes supporting simplified flow sheet and lower capital and operating costs relative to the Feasibility Study.
  •  
  • Further improvement anticipated from additional ongoing metallurgical optimization test work.
  •  

Ascendant Resources Inc. (TSX:ASND)(OTCQX:ASDRF);(FRA:2D9) ("Ascendant" or the "Company") provides an update on the optimization metallurgical test program on the primary massive sulphides ("PMS") domain at Lagoa Salgada. The Massive Sulphides are the highest margin domain and a large value driver of NPV for the Lagoa Salgada Project. Bench scale metallurgical testing on composite samples from the PMS ore body were completed by Maelgwyn Metallurgical Laboratories (South Africa) with oversight from Minepro Solutions (Spain) and DRA Global (South Africa

 

Following completion of the July 2023 43-101 Feasibility Study ("FS"), Ascendant initiated an optimization program for metallurgical performance to improve metal recoveries, concentrate grades and characterization of the deleterious elements in order to enhance the revenue potential for its Lagoa Salgada Project. The initial phase of the optimization program has been focused on the Primary Massive Sulphide mineralization from its Venda Nova North Sector, as this zone is the major revenue contributor for the project and is exploited early in the mine life. In addition to the metallurgical work, the company continues to progress its environmental permitting activities and expects to be granted the permit in Q3/24 which would position Lagoa Salgada as the next mine ready project on the Iberian Pyrite belt.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the 2025 exploration program is nearing completion at its wholly-owned Adams Plateau Project (the "Project") in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX project.

Gary Thompson, CEO of Silver47, stated: "We are glad to continue our work on Adams Plateau toward defining drill targets on this road-accessible project. The abundance of surface mineralization on the Project is very encouraging for the potential of new and exciting discoveries. The Company has received a 5-year permit for drilling. This year is shaping up to be transformational for the Company with a full season of drilling at the flagship Red Mountain Project and the pending merger with Summa Silver."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

 

   New Expansion Hole Intersects    279    Metres Averaging    0.49    % Cu   

 

   Nine Drill Rigs Now Active on Site   

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Vertex Minerals Limited  Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×