This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Ascendant Holdings Ltd. Announces Acquisition Of Palmira
The Palmira project is a 100% Ascendant owned mining concession named "Quinapalma" which covers a surface of 1,888 Ha and is located in southern Ecuador.
Exploration works carried out by IAMGOLD during 1997-1998 include stream sediment, soils and rock sampling, trenches and geochemical programs, which have defined the existence of a copper - molybdenum - gold porphyry ore-body. Similarly the existence of sectors with the occurrence of vuggy silica indicates the presence of a high sulphidation epithermal porphyry related system to be explored.
Further exploration activities that include reinterpretation studies of the previous information, detail geological mapping, trenches sampling, adits, and drill holes, have been planned for the future.
About Ascendant Holdings Ltd.
Ascendant Holdings Ltd is a junior exploration mining company, focused on the development of industrialized metals mining in the country of Ecuador. Ascendant controls mineral resources in a diversified portfolio of mining projects. Management's objective is to create shareholder wealth through the exploration and development of
mineral projects on an international scale. The company is currently negotiating on additional precious metal and base metal projects.