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Re: ASCENDANCY10 post# 221

Friday, 01/04/2013 9:27:57 PM

Friday, January 04, 2013 9:27:57 PM

Post# of 127609
some real potential here! did some DD tonight...

From PR -
Moving forward, we will begin the necessary steps to substantiate our asset base to SEC standards utilizing industry recognized third party reports. This will enable us to increase the assets on our balance sheet and begin providing future projections based on these reports. In the meantime, we will begin execution of our joint venture agreement with MRJ Resources, which allows us to remove and process up to 170,000 tons of surface head ore from our partner mine in Eastern Washington. Preliminary third party assay reports on samples of this material have shown an average of 24 ounces of silver and 0.5 ounces of gold per ton of raw ore. Assuming these assays are representative of the whole, the recovery rate looks very promising.

Mine in eastern WA - http://www.cedarcanyonmining.com/themines.html

Assay Certificate verifying precious metal amounts in raw ore: http://www.cedarcanyonmining.com/images/Assay_Cert.pdf

Full DD - http://pennychatterstocks.com/page/current-research-report
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