TORONTO, May 2 /CNW/ - eResearch analysts, Michael Wood, B.A. Sc. (Mining Engineering), and Bob Weir, B.Sc., B.Comm., CFA have written an Initiating Report on Ascendant Copper Corporation (TSX:ACX). Ascendant Copper Corporation is engaged in the exploration of copper in Ecuador, where it has a 100% interest in two large mining concessions. In the Report, the Analysts state, "Ascendant Copper is flush with cash and about to embark on an aggressive exploration program. It expects to commence drilling on one of the properties later this year, after an environmental impact study has been completed." The Analysts went on to say, "Against the background of strong base metals demand worldwide, and provided the Company can advance its projects forward in a timely and positive manner, we believe there is considerable upside for the shares from current levels over the longer term." eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our focus is on identifying interesting, under-valued, under-covered, and over-looked companies that have interesting prospects, sound management, and significant potential for share price appreciation. We provide the investment community with a consistent, quality source of information and analysis, which has the potential of reaching up to 6 million global investors through our distribution networks. Clients include institutional and retail investors, investment dealers, limited market dealers, and corporations. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Ascendant Copper Corporation paid eResearch a fee of US$17,500 to conduct research on the Company, on an Annual Continuous Coverage basis.