TORONTO, ONTARIO--(Marketwired - Feb. 3, 2017) - Ascendant Resources Inc. (TSX VENTURE:ASND) ("Ascendant" or the "Company") is pleased to announce it has reached agreement between its mine workers and new union representatives to resume full operations at the El Mochito Mine during today's afternoon shift.
President and CEO, Chris Buncic commented, "Although the temporary delay in operations was unfortunate, we are very pleased that both sides were able to reach an agreement allowing our workers to return to work enabling full operations to continue at the El Mochito mine. We look forward to developing a new collective bargaining agreement with union leadership in the immediate future to align the interests of the workers and the Company. Ascendant has been assured that operations will continue uninterrupted while the CBA negotiations progress."
With workers returning to work and full operations resuming, the Company is expected to begin the process of developing a new collective bargaining agreement starting February 13th, 2017. The Company is pleased the new agreement has been reached and looks forward to continuing its optimization programs and examining potential exploration opportunities at the El Mochito Mine as described in this morning's announcement.
About Ascendant Resources
Ascendant Resources Inc. (formerly known as Morumbi Resources Inc.) is a mining issuer focused on its flagship operating asset, the producing El Mochito zinc, silver and lead mine in west-central Honduras in which the Company has a 100% interest. El Mochito has been in almost continuous production since 1948. More broadly, the Company evaluates producing and advanced development stage mineral resource acquisition opportunities in North, South and Central America, on an ongoing basis. The Company's common shares are listed on the TSX Venture Exchange under the symbol "ASND". For more information, visit us at www.ascendantresources.com.
