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Ascendant confirms 1.6-kilometer-long anomaly at Portuguese polymetallic project

Ascendant Resources Inc.'s drill program and an initial geophysics program at its Lagoa Salgada polymetallic VMS project in Portugal confirmed a 1.6-kilometer-long and 200- to 300-meter-wide chargeability anomaly, which includes the main massive sulfide and stockwork zones.

Meanwhile, the identification of tin mineralization within the massive sulfides increased the zinc-equivalent grade in the main zone by 15%.

The company said Jan. 14 that drill results are due by the end of the month and will significantly increase the National Instrument 43-101-compliant mineral resource estimate.

Ascendant secured an option in August 2018 to earn up to an 80% interest in TH Crestgate GmbH's Redcorp - Empreendimentos Mineiros Lda subsidiary, which holds an 85% interest in the Lagoa Salgada project.