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Pasinex Resources Limited (CSE:PSE,FSE:PNX) announced today the provisional acquisition of of eight new properties for zinc / lead exploration in the province of Adana, Turkey. The properties were acquired through a staking process for the joint venture company Horzum A.S. a 50/50 joint venture between Pasinex Turkey and Turkish mining house Akmetal A.S.
Pasinex Resources Limited (CSE:PSE,FSE:PNX) announced today the provisional acquisition of of eight new properties for zinc and lead exploration in the province of Adana, Turkey. The properties were acquired through a staking process for the joint venture company Horzum A.S. and were a 50/50 joint venture between Pasinex Turkey and Turkish mining house Akmetal A.S.
As quoted in the press release:
The new properties are located relatively close to Horzum A.S. current projects namely Pinargozu and Akkaya, as well as, the historic Horzum zinc project. The properties were chosen for their zinc potential because they have similar carbonate hosted geology to existing Horzum A.S. projects and are on a north – south trend from Horzum / Pinargozu / Akkaya.
The properties were sampled previously (by both rock sampling and stream sediments) to determine which properties were more prospective. There are still some Turkish governmental approvals to complete (hence the provisional approval) and final approval for all such mineral claims must come from the Prime Minister’s Office. In the meantime, the properties are available immediately for exploration work.
Pasinex Resources President and CEO, Steve Williams, stated:
We are very pleased with the acquisition of these eight new properties because it has strengthened our prospective property portfolio and increased the likelihood of a zinc discovery. Work on these properties will begin shortly and we will keep shareholders updated as the project advances.
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