Ascendant Resources Inc. (TSX:ASND) has announced the appointments of Jason Brooks as its chief financial officer and Carl Calandra as general counsel & corporate secretary.
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, he served in progressively senior roles at several international mining companies including Golden Star Resources, New Gold and Barrick Gold.
Calandra is a legal executive with more than 15 years of advisory, deal-making and public company experience. Prior to joining Ascendant, 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. He 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.
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in a statement, 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.”
Ascendant Resources 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 10,700 hectare property concession. Located just 80 kilometres 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, 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.
Contact the author at jon.hopkins@proactiveinvestors.com