Ascendant Resources (TSX:ASND) - 39% IRR on European Mining Project

Interview with Mark Brennan, Executive Chairman of Ascendant Resources (TSX: ASND)Ascendant Resources Inc. (TSX: ASND) is a Toronto-based mining company focused on exploring and developing the Lagoa Salgada VMS project in Portugal. This project is located on the Iberian Pyrite Belt and contains significant resources of zinc, copper, lead, tin, silver and gold. The North Zone has over 10 million tonnes of measured and indicated resources with high zinc content. The South Zone has over 15 million tonnes of indicated and inferred resources with high copper content. The deposit shows typical characteristics of VMS deposits in the region and has substantial upside exploration potential across the large 7,209ha concession area. The project also demonstrates positive economics in preliminary assessments, with scalability for future resource growth.Located just 80km from Lisbon, Lagoa Salgada has exceptional infrastructure access. Ascendant currently holds a 50% interest in the project through its stake in Redcorp, with the opportunity to earn-in up to 80% ownership. The Lagoa Salgada opportunity offers Ascendant a low-cost entry point to a sizable exploration and development project with demonstrated mineable scale. Beyond this flagship project, Ascendant continues to evaluate producing and developing mining assets to add to its portfolio.

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