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Pasinex Resources Ltd.
Summary
| Project: | Pinargozu | |
|---|---|---|
| Deposit: | Pinargozu | |
| Location: | Turkey | |
| Commodities: | Zinc | |
| Date: | 11/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-11-2017: Pasinex Resources Ltd. announces a Resource Estimation report for its Pinargozu deposit at the Pinargozu project. Initial inferred resource at project. TORONTO, ON – November 9, 2017 – Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (The “Compa | |
| Resources: | (Resource, Inf.): 200Kt @ 31% Zn for 61.6Kt Zn contained at Pinargozu | |
| CP/QP: | [Resources]: Maria O'Connor, Neal Reynolds (CSA Global Pty Ltd.) | |
| ABSTRACT: | TORONTO, ON – November 9, 2017 – Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (The “Company” or “Pasinex”) is pleased to announce a maiden Mineral Resource estimate by CSA Global (UK) Ltd of 200,000 tonnes averaging 31% Zn for the Company’s 50%-owned Pinargozu zinc mine in southern Turkey. This resource equates to 61,600 tonnes of contained zinc metal or approximately 135,700,000 lbs of zinc. Three quarters of the resource tonnage is oxide at an average grade of 29% zinc and one quarter of the tonnage are zinc sulphides at an average grade of 35% zinc with additional silver credits. President and CEO of Pasinex Resources, Mr. Steve Williams, commented: “This result now formally underpins our high-grade zinc production and direct ship operation (DSO) for the next few years. We have found that mining is the best way to explore the potential of this extraordinary deposit. Underground development routinely exposes additional mineralization outside the defined resource volumes. We will now focus aggressively on resource expansion and discovery. Specifically, new underground drives are planned to get into the best locations for underground exploration drilling.” Regional and near mine exploration will focus particularly on the nearby Akkaya Zinc Prospect using a new structural lineament analysis of the Horzum Zinc Trend by Murphy Geological Services in Ireland. Pasinex is working closely with its consultants to interpret the results of recent drill-core resistivity and conductivity measurements with the goal of building a much more robust geophysical model of the Horzum Zinc Trend | |
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