For thousands of other reports visit RSC's Mineral Intellingence Map
Pasinex Resources Ltd.
Summary
| Project: | Pinargozu | |
|---|---|---|
| Deposit: | Pinargozu | |
| Location: | Turkey | |
| Commodities: | Zinc | |
| Date: | 9/7/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-9-2016: Pasinex Resources Ltd. announces an Exploration/Drilling Update report for its Pinargozu deposit at the Pinargozu project. Drilling results incl. 34m @ 35.1% Zn, 1825ppm Pb, 42.1ppm Ag from 22.4m. TORONTO, ON – September 7, 2016 – Pasinex Resour | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Barry (Internal) | |
| ABSTRACT: | TORONTO, ON – September 7, 2016 – Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (the “Company” or “Pasinex”) today announced outstanding results from 32 underground drill holes from the Pinargozu zinc mine in Turkey. Drill hole PPU16-030 intersected 34 metres at an average grade of 35% zinc. Bonanza grade zinc intersected in some drill-holes approach the grade of pure sphalerite (zinc sulphide) mineralization. Drilling was undertaken between early March and mid-May this year. These results now clearly show zinc mineralization with high-grade sulphide roots. This has major positive implications for the exploration potential of Pinargozu. Steve Williams, CEO of Pasinex said “This exciting discovery is a game-changer for Pasinex. We have now traced high-grade zinc mineralization deeper in the plumbing system, from the shallower weathered zone deeper into a mixed zone containing primary sulphides. We look forward to the next batch of drill results from Pinargozu as we test for new dimensions to this extraordinary zinc showing." Some 14 of the 32 drill holes intersected mineralization above the threshold for direct shipping material. This reporting threshold is defined as three metres averaging 25% zinc. A sharp cut-off is observed between high grade mineralization and the surrounding host rock, and is typical of carbonate replacement deposits. Most encouragingly, narrow lenses of lower grade mineralization increase to thicker higher grade lenses over short distances. Drilling was undertaken from drill pads on the 690m level. Fan drilling from the underground stations was performed in both lateral and vertical planes in order to provide coverage. Only six such holes did not intersect any significant mineralization. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report