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Pasinex Resources Ltd.
Summary
| Project: | Pinargozu | |
|---|---|---|
| Deposit: | Pinargozu | |
| Location: | Turkey | |
| Commodities: | Zinc | |
| Date: | 8/9/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-8-2016: Pasinex Resources Ltd. announces an Exploration/Drilling Update report for its Pinargozu deposit at the Pinargozu project. JV with Akmetal AS - drill results incl. 3.5m @ 36.1% Zn from 51.5m. TORONTO, ON – August 9, 2016 – Pasinex Resources Limi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Barry (Internal) | |
| ABSTRACT: | TORONTO, ON – August 9, 2016 – Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (the “Company” or “Pasinex”) announces results from 23 underground drill holes which completes its 2015 drilling campaign at the Pinargozu zinc mine in Turkey. Pasinex has a 50% equity interest in Pinargozu. The 23 (PPU15-031 – PPU15-053) underground drill holes averaged 92 metres in length for a total of 2,123 metres. Drill hole PPU15-042 cut 3.5 metres with recovered core averaging 36.1% zinc. These drilling results follow on and confirm the zone of high-grade nonsulphide zinc mineralization which is deeper and to the east of the main zone as reported in the July 6th News Release. Steve Williams, CEO of Pasinex commented “These results continue to show us finding high grade zinc mineralization at Pinargozu. We are encouraged with the prospects of finding a sulphide-rich mineralized zone below our current mine workings. Since the zinc fluids came from the earth’s mantle, we are systematically searching for a larger sulphide body. Although the current political scene in Turkey is volatile, our operations and staff are unscathed. We continue with business as usual, including ongoing drilling. Recently, we have been working on a third adit which is now open and from where we are now extracting a greater volume of Direct Shipping Ore (DSO) while we look for additional zones deeper in the zinc-rich materialized system.” | |
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