ASCENDANT RESOURCES
22 grade has improved materially from 5.3 % when we took over the mine to as high at 7 % in Q4 2018 ,” says Buncic . Part of this success can be traced to Ascendant ’ s Lagoa Salgada mining project in Portugal , itself located within the famed Iberian Pyrite Belt . “ At Lagoa Salgada , we conducted gravity and induced polarization ( IP ) work which we found to be very effective in finding additional anomalies and targets to follow up . We brought the same group that conducted that study over to El Mochito , and their underground , gravity and IP studies have opened up the potential of the western part of the mine .” In February of this year , the company completed a 700-meter tunnel from the Esperanza ore body in the northwest of the mine to the crusher . The tunnel provides a more direct route between the sites , circumventing the original winding route comprised of rough terrain . Not only has this opened up a previously unexplored part of the mine and minimized the wear and tear of the associated machinery , but it is emblematic of the
JULY 2019