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Ascendant Resources Inc. 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 12.8 million tonnes of M&I Resources and over 10.3 million tonnes in Inferred Resources and demonstrates typical mineralization characteristics of Iberian Pyrite Belt VMS deposits containing zinc, copper, lead, tin, silver and gold, and demonstrates. 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 completed in 2020. 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. (EDM), a Portuguese Government owned company supporting the strategic development of the country`s mining sector. The Company`s interest in the Lagoa Salgada pro Ascendant Resources is engaged in the ongoing evaluation of producing and development stage mineral resource opportunities. The Company`s common shares are principally listed on the Toronto Stock Exchange under the symbol "ASND".
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DynaResource, Inc. is a Junior Resource Company. The Company holds 80% of the outstanding shares of “DynaResource de Mexico, S.A. de C.V.”, (“DynaMexico”) which owns 100% of the mineral concessions and related interest to the San Jose de Gracia District (“SJG”) covering approximately 69,133 hectares in Northern Sinaloa Mexico. SJG reports + 1,000,000 Oz. Gold produced in the early 1900’s from a series of underground workings. 471,000 Oz. is reported produced from the La Purisima Area of SJG, at an average grade of 66.7 g/t; and 215,000 Oz. is reported produced from the La Prieta Area of SJG at an average grade of 27.6 g/t. Mineralization at SJG has been traced over a 15 sq. km. area.