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Ascendant Resources Inc T.ASND

Alternate Symbol(s):  ASDRF

Ascendant Resources Inc. is a Canada-based mining company. The Company is focused on the exploration and development of the prospective Lagoa Salgada volcanogenic massive sulfide (VMS) project located in the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is located within the north-western section of the prolific Iberian Pyrite Belt in Portugal, approximately 80 kilometers southeast of Lisbon. The project is comprised of a single exploration permit covering an area of approximately 7,209 hectares. The Project represents an early-stage, potentially high-grade, polymetallic zinc-lead-copper exploration opportunity. The Lagoa Salgada project comprises two known deposits, the Venda Nova North, and South Deposits. The Lagoa Salgada north deposit is comprised of gossan (Gos) mineralization. The Lagoa Salgada south deposit comprises copper-rich stringer / fissure / stockwork and remobilized mineralization.


TSX:ASND - Post by User

Bullboard Posts
Comment by davidyon Oct 04, 2017 1:46pm
170 Views
Post# 26776296

RE:Big volume today

RE:Big volume today
Agreed.  That was a good press release yesterday, added another 20% or theraabouts to my position.  If there is a dip at the end of the day I may add again....

As a rule, I generally avoid single property/mine operations in jurisdictions I know diddly squat about.  However, I knew about El Mochito from past due diligence I did on Breakwater and do feel Ascendant Resources (then Morumbi) did a great, and timely, piece of business when they did their deal with Nyrstar.  Plus I like the fact they are focussed and ain't beholden to Glencore, unlike certain others in the zinc/polymetallic space......   

As Stockhouse hasn't the press release up yet, the link is here for anyone that hasn't read it (I know that's incredibly unlikely...):

https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2017/Continued-High-Grade-Intersections-From-Ongoing-Drilling-Confirms-Ascendant-Resources-Higher-Potential-Mining-Grade-and-Tonnage-Theory-at-El-Mochito/default.aspx

Bullboard Posts