Ascendant Resources Inc (TSE:ASND) (OTCMKTS:ASDRF) (FRA:2D9) announced it has appointed Sergio Gelcich as the company’s new vice president of exploration, replacing Robert Campbell, who is retiring from day-to-day operations but will remain an Ascendant director.
The company said Gelcich, the former exploration director at Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) (FRA:OCKA) has significant experience developing volcanogenic massive sulfide (VMS) deposits similar to Ascendant’s Lagoa Salgada property in Portugal.
“We are extremely pleased to have Sergio join our team as we continue to make strong progress with the Lagoa Salgada VMS project,” Ascendant Resources executive chairman Mark Brennan said in a statement.
READ: Ascendant Resources seeing huge potential in the highly prospective Lagoa Salgada polymetallic project in Portugal
“Sergio’s extensive experience with VMS deposits and regions around the world will be invaluable as we move the Lagoa Salgada project to the completion of a PEA followed by a feasibility to unlock the potential we see at Lagoa,” Brennan added.
“Longer term, his exploration experience should also allow us to fully define the potential of the region.”
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.
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.
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%.
Contact Sean at sean@proactiveinvestors.com