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Ascendant Resources Inc T.ASND

Alternate Symbol(s):  ASDRF

Ascendant Resources Inc. is a Canada-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada volcanogenic massive sulphide (VMS) project located on the prolific Iberian Pyrite Belt (IPB) in Portugal. The Lagoa Salgada Project is located within the north-western section of the prolific Iberian Pyrite Belt in Portugal, approximately 80 kilometers (km) southeast of Lisbon and is accessible by national highways and roads. 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 in a low risk, established and prolific jurisdiction. The Lagoa Salgada project comprises two known deposits: Venda Nova North and South. The Project represents a low-cost entry opportunity to gain exposure to a known, high-grade VMS deposit.


TSX:ASND - Post by User

Post by 101724on May 31, 2023 8:24pm
158 Views
Post# 35473931

New company name

New company nameExtension Resouces.

It's bad when these goofs miss a contractual deadline and ask for an extension. But when you miss a self-imposed deadline and need an extension, that's sad. With the price of zinc crashing, the longer they wait they will be able to announce that they have a nonprofitable mine they want to build. I'm predicting that they delay the start of construction that they said would begin in December/January 2024 due to the zinc environment even though it will take at least 18 months for completion and who knows where the price a zinc will be. Technically, they think they have until the end of June to put out their report and secure their 80%. I'll have to go back and re-read a news release that I think states they have until June 22. They'll figure out a way to screw that up too.
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