Pasinex's Drilling Success at Pinargozu Zinc-Lead Project, Turkey, Confirms Continuity of High-Grade Material‏

May 26, 2015 – Pasinex Resources Limited (CSE: PSE) (FSE: PNX) today announced an update on exploration drilling at its Pinargozu Zinc Mine in Adana province, Turkey, where Pasinex has a 50:50 joint venture with Turkish mining company Akmetal AS in the Horzum AS joint venture company.
Steve Williams, CEO of Pasinex Resources states, “This is an exciting time for Pasinex. Drill results from our Pinargozu mine project continue to cut high-grade zinc mineralization. Several holes intercepted mineralization ranging between 19.5% up to 36.5% Zn. What is particularly encouraging is that these intercepts are all in is emerging as a new north-east extension where drilling previously cut 35.5 m of 37.7% zinc (see news release from March 25th earlier this year). We now have a number of intercepts in this area that enable us to start to work in-house on estimating a resource in this area. In the meantime, drilling continues on Pinargozu and most importantly on the nearby Akkaya exploration project which also lies along the main mineralizing trend. We expect to report on Akkaya during the summer months.”
Since the last news release in this regard (25 March, 2015), Horzum AS has completed 14 diamond bore holes at the Pinargozu Mine for an aggregate of 1,534 m of drilling.
Underground development at the Pinargozu mine continues with the objective of ramping up production. Mine production of high grade direct shipping material has continued through all of 2015. The production rate for 2015, through to end of April, averaged 29 tpd or approximately 2.4 million pounds of zinc, year-to-date. The mined material has all been moved from the mine site to a warehouse in Adana (owned by Akmetal AS). There it is crushed, sized and stored pending final sale. The joint venture company Horzum AS (50 / 50 Pasinex and Akmetal AS) has increased the workforce at the Pinargozu mine site this year from around 35 people on site to over 50 people. The staff increase will assist with production from the underground mine. The immediate task is to carry out more drifting underground and mine development in general that will open up more galleries to access, mine and then transport the mined direct shipping material for ultimate sale. All of this work will feed into a maiden and compliant resource report that will be made available later next quarter

Read the rest of this press release: http://pasinex.com/wp-content/uploads/2015/05/26-05-2015-Pinargozu-Drilling-News-Release.pdf