Lagoa Salgada selected to participate in the European Union’s UNDERCOVER Project

Exploring Hidden Mineral Deposits at Depth

Ascendant Resources Inc. to Lead the Way

Exciting news has emerged from the world of mineral exploration as Lagoa Salgada has been chosen to take part in the European Union’s prestigious UNDERCOVER Project. This project, which aims to unlock hidden critical mineral deposits at depth, will utilize cutting-edge geophysical techniques to revolutionize the way we uncover valuable resources beneath the earth’s surface.

The UNDERCOVER Project will employ a variety of advanced techniques including Seismic Reflection and Refraction, Magnetotellurics (MT), Gravity and Magnetic Surveys, Electromagnetic (EM) Surveys, and Joint Inversion Techniques to map out potential deposits of critical minerals that may be hidden deep underground. This two-year program is fully funded by the EU under its Horizon Program and is set to commence in the first quarter of 2025.

Ascendant Resources Inc. (TSX:ASND), operating through its Portuguese subsidiary Redcorp Empreendimentos Mineiros Lda, has been awarded EU funding for its participation in the UNDERCOVER Project. This marks a significant milestone for the company and highlights their commitment to advancing mineral exploration through the application of state-of-the-art geophysical technologies.

As the industry prepares for this groundbreaking project, excitement is building around the potential for new discoveries and the opportunity to tap into previously inaccessible mineral deposits. The UNDERCOVER Project represents a major step forward in the field of mineral exploration and has the potential to reshape the way we approach resource discovery going forward.

How This Will Affect Me

As a consumer, the findings of the UNDERCOVER Project could have a direct impact on the availability and pricing of critical minerals that are used in a wide range of everyday products. From smartphones to electric vehicles, these minerals play a vital role in modern technology and any new discoveries could help ensure a stable and sustainable supply chain in the years to come.

How This Will Affect the World

The results of the UNDERCOVER Project have the potential to have a significant impact on the global economy, particularly in regions that rely heavily on the extraction and export of critical minerals. By uncovering new deposits and leveraging cutting-edge technology, the project could help diversify and strengthen the mineral supply chain, reducing the risk of shortages and disruptions in key industries.

Conclusion

In conclusion, the European Union’s UNDERCOVER Project represents a major milestone in the field of mineral exploration and has the potential to unlock new opportunities for the industry as a whole. With Ascendant Resources Inc. leading the way, we can expect to see exciting developments in the coming years as we uncover hidden mineral deposits at significant depths. The future of resource discovery looks brighter than ever, thanks to the innovative technologies being deployed in this groundbreaking project.