Ascendant Resources Provides Q1 2017 Progress Report on El Mochito Optimization and Announces 2017 Production Guidance

April 18, 2017

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TORONTO, ONTARIO–(Marketwired – April 18, 2017) – Ascendant Resources Inc. (TSX VENTURE:ASND) (“Ascendant” or the “Company“) is pleased to announce that it has significantly improved mine performance since its acquisition of the El Mochito Mine in Honduras in December 2016, with daily milled tonnes (tpd) increasing by 17% from 1,482 in January 2017 to 1,733 tpd in March. This improvement comes in spite of various legacy challenges and setbacks at the mine, including a five-day work disruption. The Company believes that workforce concerns have been resolved and, for the remainder of 2017, management expects and has budgeted for continued operating performance improvements to position the mine for strong free cash flow.

Category: General