ZincInvesting News

Your trusted source for investing success

Request an Investor Kit: Pasinex Resources

By completing this form, you are giving consent to receive email from Pasinex Resources. And remember you can unsubscribe at any time.

The profile below is part of a campaign paid for by Pasinex Resources. This profile provides detailed information, helping investors make better investment decisions. Pasinex Resources’ support of Zinc Investing News ensures we can continue to bring you unbiased, independent news and information.

Pasinex Resources – Zinc Exploration in Turkey


Pasinex Resources Limited (CSE:PSE,FSE:PNX) is exploring for base and precious metals in Turkey. Through its joint venture with Akmetal AS, the Company holds a 50% interest in the Horsum Regional Zinc Project in southeast Turkey. The project includes the early-production stage Pinargozu Mine property and the exploration-stage Akkaya property both within 10 km of the historic Horzum zinc mine.

Pinargozu is currently producing at an average rate of 25 tpd and work is underway to increase that production output in 2015. An agreement to sell 5,000 tonnes of high-grade zinc material with an estimated value of more than $1 million has been put in place. The funds will be used to build out a resource estimate planned for Q3 2015, and to further explore the Akkaya property. Drill results at Akkaya are expected in the summer of 2015.

Pasinex also holds a 100% interest in the prospective Golcuk Copper Project in central northeast Turkey. Phase 3 drilling at Golcuk is planned for Q3/Q4 2015.


  • Focus on historic zinc belt in south-east Turkey with pipeline of high grade projects near past-producing Horzum Zinc Mine (around 2 Mt @ 28% Zn).
  • Akmetal AS – large producer of chromite in Turkey and interests in an operating gold and base metal mines in Turkey; part of the large privately owned Kurmel Group; owner of Horzum Mine.
  • Low CAPEX; Cash flow in 2015.
  • Pinargozu target for high grade Zn mineralization (+30% Zn).
  • Akkaya shows strong presence of Zn/Pb anomaly.
  • First agreement to sell in December 2014: 5,000 tonnes of high grade zinc material (>30%Zn) valued at > U$1M.
  • 2.4 M lbs Zn mined from Pinargozu in Jan – April 2015; Work underway to increase production rate in 2015.
  • 2015 Work Plan: 3,500 m Drill Program for a target resource of 1 Mt @ 30% Zn at Pinargozu; Drill test adjacent Akkaya.
  • NI 43-101 resource estimate at Pinargozu planned for Q3 2015

Horzum Regional Zinc Project

Pasinex-Resources-Horzum-Adana small

The Horzum Regional Zinc Project, located in the historic zinc belt of southeast Turkey, is a 50/50 joint venture between Pasinex Resources and Akmetal AS, a Turkish Mining company and owner of the Horzum Zinc Mine. Historical production at Horzum between 1974 and 1996 totaled 2 million tonnes of oxide ore grading from 20% to 30% zinc.

The joint venture (JV) company, known as Horzum AS, holds two key properties in the Horzum region to the north of the past-producing mine: the Pinargozu and the Akkaya projects.

Pinargozu Zinc Mine Project

The Pinargozu property is the site of an historical small-scale zinc mine operated by artisanal miners. The mine included seven adits, two of which were refurbished by the JV for underground drilling. In May 2014, the JV began Phase 1 drill work, encountering a large accumulation of mineralization open at depth and at the same stratigraphic level as the Horzum Mine. Initial drill results included:

  • Hole PPU14-15 intersected 16.8 meters of mixed oxide and sulphide ore grading 39% Zn, 1.6% Pb, and 85 g/t Ag; and
  • Hole PPU14-16, drilled from underground and in close proximity to PPU14-15, returned 17.0 m of 23.0% Zn, 0.12% Pb and 33ppm Ag (including 4.30m of 43.0% Zn).

In Q2 2014, production began at Pinargozu at an average rate of 25 tpd. Bulk sample testing was completed on the first 570 tonnes of ore, producing an assay return of 34% Zn and 50 g/t. After determining that the zinc material at Pinargozu was of a grade suitable for sale, a total of 5,000 tonnes valued at more than US$ 1 million was agreed to be sold in December 2014.

The 2015 exploration program at Pinargozu has identified a new north-east extension of high-grade zinc mineralization where drilling has cut 35.5 meters of 37.7% Zn  and several other holes intercepted mineralization ranging between 19.5% and 36.6% Zn. “This is an exciting time for Pasinex,” stated Steve Williams, CEO of Pasinex Resources. “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.” A completed NI 43-101 Resource Estimate is planned for Q3 2015.

Underground development work is underway at the Pinargozu mine with the goal of increasing production capacity by the end of 2H 2015. Production between January and April 2015 totaled 2.4 million pounds of zinc. The JV company’s short-term strategy is to use the cash generated from the sale of its zinc production to contribute funds to on-going exploration to build a resource at Pinargozu and later Akkaya.

Akkaya Zinc Project

The Akkaya Zinc Project lies within 10 km along strike from the historic Horzum Mine and 1.5 km north of the Pinargozu mining operation. The property was staked by the JV in 2012 and had never before been drilled.

In March 2015, the JV initiated a Phase1 drill program on the property with a focus on targets identified through analysis of structural geology, ground penetrating radar, and extensive soil and rock chip sampling completed previously. The work is ongoing with a plan for approximately 2000 meters in up to 14 boreholes. Drill results are expected for release in the summer of 2015.

Golcuk Copper Project



The Golcuk Copper Project consists of a 40 km2 claim in the Sivas Province of central northeast Turkey. The property is 100% owned by Pasinex. Historical drilling on the property included 20 diamond drill holes in a very small area with a highlight of 13.5m averaging 2.6% Cu and 41.9 g/t Ag.

Recent drilling by Pasinex includes 7 drill holes with a highlight of 9.7m of 2.97% Cu and 37 g/t Ag. A NI 43-101 report completed in July 2013 showed the property to be a basaltic copper/volcanic red bed-type mineralizatio. Pasinex commenced a diamond drill program of the Main zone in October 2014 which confirmed manto-type mineralization of up to 2% Cu. Further drill work is planned for Q3/Q4 2015 and will focus on the Golcuk West and South zones of the property.


Steve Williams, MBA – President and CEO
Steve Williams is the President and CEO of Pasinex Resources Limited. Mr. Williams graduated with a Bachelor of Applied Science (Extractive Metallurgy) from the Western Australian School of Mines and an MBA from Tulane University. He has worked in the mining industry since 1976 in milling operations in Australia and Canada. He worked 20 years with SGS Lakefield Research in Canada and Chile in both metallurgical project management and business management, finally becoming Managing Director for SGS Canada, a company with about 1300 employees in Canada. Steve has authored many technical papers and in 2004 he became a CIM Distinguished Lecturer and in 2008 a CIM Fellow, for his work in geometallurgy.

Request an Investor Kit: Pasinex Resources

By completing this form, you are giving consent to receive email from Pasinex Resources. And remember you can unsubscribe at any time.

Enter Your Log In Credentials

Privacy & Legal Policy

This website is part of the Investing News Network published by Dig Media Inc.


INN's mission is to be the world's number one source of independent, unbiased news and education helping investors realized their financial goals. We also strive to be internationally respected for our integrity, our people and our commitment to excellence. Therefore, we are very concerned with the privacy rights of our audience and are committed to protecting the information collected about you.We have taken extensive measures to protect the confidentiality of your personal information and to protect your data from misuse and unauthorized access or disclosure. Unfortunately, no data transmission over the Internet can be guaranteed to be 100% secure. As a result, Dig Media cannot ensure or warrant the security of the information you transmit to us and you do so at your own risk.

Contact Information

Our postal address is

L200 - 560 Beatty Street,

Vancouver, BC V6B 2L3

We can be reached via e-mail at info@digmediasolutions.com or telephone at +1-604-688-8231

Information Collected

For each visitor to our website, our web server automatically recognizes no information regarding the domain or e-mail address.

We collect information volunteered by the visitor, such as survey information and/or site registrations, name and address, telephone number.

The information we collect is used to notify visitors about updates to our website, shared with other reputable organizations to help them contact visitors for marketing purposes.

With respect to cookies: When you visit our websites, we send one or more cookies, a small file containing a string of characters, to your computer that uniquely identifies your browser during your visit. We use these cookies to maintain your connection as you move from page to page, and to ensure anything you submit, such as a comment or a form, is not rejected. You can reset your browser to refuse all cookies or to indicate when a cookie is being sent. However, some website features or services may not function properly without cookies.

If you do not want to receive e-mail from us in the future, please let us know by sending us e-mail at the above address.

Persons who supply us with their telephone numbers on-line may receive telephone contact from us with information regarding new products and services or upcoming events. If you do not wish to receive such telephone calls, please let us know by sending us e-mail at the above address.

Ad Server

With respect to Ad Servers:

Other third-party companies which place advertising on our site may collect information about you when you view or click on their advertising through the use of their cookies or other tracking technologies, which may include delivering targeted advertisements and marketing messages based upon the third party websites that you visit, or other purposes. We cannot control this collection of information and are not responsible for the privacy policies and data collection, use and disclosure practices of these third party advertisers. You should contact these third party advertisers directly if you have any questions about their use of the information that they collect from you. Google-DoubleClick DFP is our third party ad server. If you would like to know more about their information gathering practices and opt-out procedures, please see Google ad policies.

Also, if you would like more information about this practice and to know your choices about not having this information used by these companies, please see NAI Opt-out Options.

Information Use

We only share personal information with other companies or individuals outside of the cases outlined above in the following limited circumstances:

We may share with third parties certain pieces of aggregated, non-personal information, such as the number of users who searched for a particular term, for example, or how many users clicked on a particular advertisement. Such information does not identify you individually.


We may remarket your information. Remarketing is a way for us to connect with users, based upon your past interactions with INN websites. Third-party marketing vendors may be hired by INN to perform remarketing services. As a result, third-party vendors, including Google, may show INN ads on sites on the internet. Third-party vendors, including Google, use cookies to serve ads based on a user's prior visits to INN websites.

To opt out of customized Google Display Network ads click here. To find out more about how Google uses any data it collects please visit http://www.google.com/privacy_ads.html.
Any information collected is used only for remarketing purposes and will not be used by them for any other purpose.

Future Use

From time to time, we may use visitor information for new, unanticipated uses not previously disclosed in our privacy notice. If our information practices change at some time in the future we will post the policy changes to our website to notify you of these changes and provide you with the ability to opt out of these new uses. If you are concerned about how your information is used, you should check back at our website periodically.

Accessing Your Data

Please contact us at the address above for any additional questions about the management or use of personal data.

Upon request we provide site visitors with access to communications that the visitor has directed to our site (e.g., e-mails, customer inquiries), contact information (e.g., name, address, phone number) that we maintain about them.

Visitors can access this information by e-mailing us at the above address.

Upon request we offer visitors the ability to have inaccuracies corrected in contact information.

Visitors can have this information corrected by sending us e-mail at the above address.


With respect to security: We have appropriate security measures in place in our physical facilities to protect against the loss, misuse or alteration of information that we have collected from you at our site.

Your Acceptance of These Terms

By using this site, or by submitting personal information to us, you signify your agreement to Dig Media's Privacy Policy and Terms of Use. From time to time we may change or update our piracy policies. It is your responsibility to check back regularly to inform yourself of such changes. Your continued use of this or any Dig Media website following the posting of changes to these terms will be deemed as your acceptance of those changes.

The foregoing policies are in effect as of August 1, 2012. Dig media reserves the right to change this policy statement at any time by posting the revised policy to this website. This statement and the policies outlined herein are not intended to and do not create any contractual or other legal rights in or on behalf of any party.

If you feel that this site is not following its stated information policy, you may contact us at the above addresses or phone number.

Investing News Network