it's the first time ASND says this about Lagoa Salgada. It seems it knows something based on the existing drill results and the ongoing feasibility study. Lundin (LUN) and its Neves-Corvo project is another world class producing project
in the same area (the Iberian Pyrite Belt). Actually, the Iberian Pyrite Belt is host to some of the world’s largest VMS deposits and mines such as
Neves-Corvo (Lundin Mining Corporation), Aguas Tenidas (Trafigura Mining Group) and Aljustrel (private), so it will not be surprising if ASND's Lagoa Salgada project proves to be a world class project too:
Mark Brennan, Executive Chairman commented, “We are thrilled to have Joao join us at Ascendant. Joao comes from an esteemed family steeped in the recent history of mining in Portugal. His depth of experience in mining project management, having built several operations in Portugal over the past two decades, will add tremendous strength to Ascendant’s management team. We are grateful for his guidance and contributions to our exploration success thus far at Lagoa Salgada, and we have the greatest confidence in our continued success under his direction in Portugal.”
He continued, “The Company would like to thank Chris for his efforts to transition the focus of Ascendant from its operation of the complex El Mochito mine to the very exciting prospect of developing the potentially world class Lagoa Salgada project. We would also like to thank Rohan for his discipline and versatility in keeping a stable ship while the very difficult market environment of lower zinc prices during 2020. We hope that the development of the Lagoa Salgada project will be a testimony of their efforts.”