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Pasinex Resources Ltd.
Summary
| Project: | Pinargozu | |
|---|---|---|
| Deposit: | Pinargozu | |
| Location: | Turkey | |
| Commodities: | Zinc | |
| Date: | 4/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-4-2017: Pasinex Resources Ltd. announces an Exploration/Drilling Update report for its Pinargozu deposit at the Pinargozu project. Drilling results incl. 4.9m @ 42.6% Zn from 51.5m. Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (the “Company” or “Pas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Barry (Internal) | |
| ABSTRACT: | Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (the “Company” or “Pasinex”) has intersected three metres of massive sulphide mineralization averaging 52% zinc about 150 metres south of the underground mine workings at its 50%- owned JV Pinargozu zinc mine in Turkey. Diamond drill hole PPS-17-009 was drilled from surface and intersected the zinc mineralization at a vertical depth of 184 metres1 . This discovery was made during step out exploration drilling to test for new zones outside of the mining area. This exploration program ran in 2017 after surface and underground resource delineation drilling during the second half of 2016. This new discovery is a significant step-out because a relatively small volume of mineralization in this very high-grade mineralizing system yields a disproportionally large amount of zinc. As an example, the entire footprint of the current Pinargozu Mine Workings fits within a footprint of only 350 metres north-south by 200 metres east-west (Figure 1). President and CEO of Pasinex Resources, Steve Williams commented: “We continue to deliver exceptional drill results at our Pinargozu zinc mine which is very encouraging. While the complex geometry can create challenges at the drill bit from time to time, when we see drill intercepts like PPS17- 009, reported today, we believe we are expanding the mineralized zones.” | |
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