21.2 C
Supported byspot_img

Ascendant Resources intersects copper at Portugal Lagoa Salgada Project

Member of Europium Groupspot_img
Supported byspot_img

Ascendant Resources has announced it has intersected copper-rich mineralisation at the Lagoa Salgada VMS project located on the Iberian Pyrite Belt in Portugal.

All drill results from the recently completed exploration program will form the basis for an updated National Instrument 43-101 Mineral Resource Estimate to be reported imminently, followed by a Preliminary Economic Assessment (“PEA”) by the end of the year.

During this phase of the project, 26 holes totalling 8,164 metres were completed on the North, Central and South Zones. Drill results from the last 3 holes in the Central and South Zones have continued to demonstrate significant sulphide mineralization greatly extending the stockwork mineralisation at depth and along strike.

Supported by

With only twelve holes drilled into both the Central and South Zones over the course of two drill programs, initial mineralisation intercepted has been copper enriched, similar to what is typically found in the core or feeder zones to a VMS deposit. Drilling has intercepted stringer and small lenses of mineralization which is commonly found in the vicinity of massive sulphides.

Also, in the North Zone there has been a strong correlation between the IP and Gravity surveys and massive sulphide mineralization. The IP footprint is much larger over the Central and South Zones compared to that of the North Zone, so Ascendant is optimistic that with additional drilling in the South and Central Zones it will be successful in discovering more massive sulphide mineralisation.

Source: miningglobal.com

Supported byElevatePR Digital

Related News

Project “Jadar” director: We will try to convince the new government and citizens that this is in their interest

The Executive Director of Rio Tinto's "Jadar" project, Chad Blewett, told N1 that the company has no guarantees or assurances from the Serbian government...

Quebec graphite mine proposal sparks local outrage over environmental and defense issues

In Quebec's Laurentians, near Duhamel and a wildlife reserve, Lomiko Metals Inc. plans to develop a graphite mine. This venture has sparked protests among...

Resolving land conflicts in Indonesia’s mining industry with robust ESG initiatives

Indonesia's mining sector, rich in natural resources, has become a global focal point, attracting significant economic interest. However, this boom has brought to light...

Rethinking Australia’s mining practices

Australia's approach to managing large mining projects is under scrutiny, especially in light of high-profile legal disputes like the ongoing case involving coal giant...
Supported by
Supported by
Supported by
error: Content is protected !!