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Ascendant to sell mine, focus on exploration project

Producer Ascendant Resources (TSX: ASND) has announced it will sell its operating mine in Honduras to focus on an exploration project in Portugal.

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Ascendant Resources is divesting its El Mochito zinc mine in Honduras

It had said Lagoa Salgada in Portugal represented a "substantial standalone project" when it released a preliminary economic assessment for its North Zone deposit in January.