Ascendant Resources Announces Executive Appointments
27 Mai 2021 - 12:00PM
Ascendant Resources Inc. (TSX: ASND) ("Ascendant"
or the "Company”) is very pleased to announce the appointments of
Mr. Jason Brooks as Chief Financial Officer and Mr. Carl Calandra
as General Counsel & Corporate Secretary.
Mr. Brooks is a Chartered Professional
Accountant with over 18 years of experience in finance and
accounting at international mining companies. Prior to joining
Ascendant, he was Vice President, Finance of Caldas Gold until it
was acquired by Aris Gold. Prior to his time at Caldas, Mr. Brooks
served in progressively senior roles at several international
mining companies including Golden Star Resources, New Gold and
Barrick Gold.
Mr. Calandra is a legal executive with more than
15 years of advisory, deal-making and public company experience.
Prior to joining Ascendant, Mr. Calandra was Vice President and
General Counsel of Dundee Corporation, a Canadian investment
company focused on mining, and was an associate at a top-tier
Canadian national law firm. Carl holds a Bachelor of Laws from the
University of Western Ontario and a Master of Business
Administration from the Ivey Business School. Carl has been a
member of the Law Society of Ontario since 2006.
Mark Brennan, Ascendant Resources CEO &
Executive Chairman commented “We are thrilled to welcome Carl and
Jason to Ascendant. Both gentlemen bring a wealth of knowledge that
will be key for us to rapidly accelerate the development of the
Lagoa Salagada VMS project in Portugal.”
About Ascendant Resources
Inc.Ascendant is a Toronto-based mining company focused on
the exploration and development of the highly prospective Lagoa
Salgada VMS project located on the prolific Iberian Pyrite Belt in
Portugal. Through focused exploration and aggressive development
plans, the Company aims to unlock the inherent potential of the
project, maximizing value creation for shareholders.
Lagoa Salgada contains over 14.75 million tonnes
of M&I Resources and 11.88 million tonnes in Inferred Resources
and demonstrates typical mineralization characteristics of Iberian
Pyrite Belt VMS deposits containing zinc, copper, lead, tin, silver
and gold. Extensive exploration upside potential lies both near
deposit and at prospective step-out targets across the large
10,700ha property concession. The project also demonstrates
compelling economics with scalability for future resource growth in
the results of the Preliminary Economic Assessment. Located just
80km from Lisbon, Lagoa Salgada is easily accessible by road and
surrounded by exceptional Infrastructure. Ascendant holds a 21.25%
interest in the Lagoa Salgada project through its 25% position in
Redcorp - Empreendimentos Mineiros, Lda, ("Redcorp") and has an
earn-in opportunity to increase its interest in the project to 80%.
Mineral & Financial Investments Limited owns the additional 75%
of Redcorp. The remaining 15% of the project is held by Empresa de
Desenvolvimento Mineiro, S.A., a Portuguese Government owned
company supporting the strategic development of the country's
mining sector. The Company's interest in the Lagoa Salgada project
offers a low-cost entry to a potentially significant exploration
and development opportunity, already demonstrating its mineable
scale.
The Company's common shares are principally
listed on the Toronto Stock Exchange under the symbol "ASND". For
more information on Ascendant, please visit our website
at www.ascendantresources.com.
Additional information relating to the Company,
including the Preliminary Economic Assessment referenced in this
news release, is available on SEDAR at www.sedar.com.
Neither the Toronto Stock Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX) accepts responsibility for the adequacy or
accuracy of this release.For further information please
contact:
Mark Brennan |
Nicholas Campbell, CFA |
CEO, Executive Chairman, Founder |
Director, Corporate Development |
Tel: +1-647-796-0023 |
Tel: +1-905-630-0148 |
mbrennan@ascendantresources.com |
ncampbell@ascendantresources.com |
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