Ascendant Resources Inc. Reports Production Results for the Month of September and Third Quarter of 2017; Provides Production Guidance for the Fourth Quarter of 2017 and Full Year of 2018
Milled production for the month of September was 59,601 tonnes, or an average of 2,055 tpd, representing an 8% increase from August and a 65% increase year to date. Ore milled was 2,055 tpd against 1,903 tpd reported in month of August 2017.
With additional new equipment arriving during fourth quarter of 2017, management is confident in achieving its targeted fourth quarter of 2017 average throughput rate of 2,200 tpd leading to further increased production in 2018. Ore grades in fourth quarter of 2017 and into 2018 are expected to improve from the ongoing exploitation of smaller but higher-grade ore zones using conventional mining techniques and as new higher-grade zones are accessed as underground development work is completed.