Ascendant Resources Inc.

10:28 AM EST - Ascendant Resources Inc. : Announced the results of a Preliminary Economic Assessment for the expansion and optimization of operations at its El Mochito mine in Honduras. Highlights of the Preliminary Economic Assessment for the Expansion Project include: 27% increase in processed tonnes to 2,800 per day (approximately one million tonnes per annum); 26% increased average annual contained ZnEq production to 126 million lbs per year; 22% reduction in average direct operating costs. Ascendant Resources Inc. shares T.ASND are trading up $0.01 at $0.73.