Ascendant Resources Inc. reported production results for the month of September and third quarter of 2017. The company announced milled production at the El Mochito mine increased to 176,067 tonnes (or 1,934 tpd) during the third quarter representing a 17% improvement over the second quarter. During the third quarter of 2017, contained zinc equivalent metal production was 7,936 tonnes, up 14% from second quarter of 2017. The third quarter milling production rate increased 17% versus second quarter of 2017, and 34% versus first quarter of 2017. Lead and silver recoveries were stronger than expected, while head grades remained flat compared to second quarter of 2017. Ore milled was 1,934 tpd against 1,733 tpd reported in second quarter of 2017.

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.