Pasinex Resources Limited (CSE:PSE,FWB:PNX) announced the results from the first four diamond drill holes at its 50 percent owned Pinargozu zinc-lead project in Adana Province, Turkey. Pasinex’s partner in Adana, Akmetal Madencilik San ve Tic A.Ş, also owns a 50 percent interest in Pinargozu.
As quoted in the press release:
Highlight of this first phase of drilling is borehole PPU14-15 which intersected 16.80 meters of mixed oxide and sulphide zinc/lead/silver ore grading 39.0% zinc, 1.6% lead and 85 grams per ton silver within a total drilled length of 24.80 meters. The difference between intersected length and drilled length is partly accounted for by cavities within the mineralization, and partly by poor core recovery in areas of friable ore. All assays were carried out by SGS Turkey in Ankara on half-core prepared by Pasinex in Adana.
Pasinex CEO, Steve Williams, said:
That we have encountered such a large accumulation of mineralization so early in our exploration of Pinargozu is most encouraging. The fact that the mineralization is open at depth, and at the same stratigraphic level as the Horzum Mine, bodes well for the prospect of finding a deposit of a similar scale at Pinargozu. The fact that Pinargozu mineralization appears to be richer in lead and silver than Horzum is an added bonus.
Investing in zinc? Zazu Metals Corporation (TSXV:ZAZ) holds a 50% interest in the Lik Project in Alaska, a joint venture with Teck Resources Limited. The PEA on Lik South estimates that 17.1Mt tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver would come from the Lik South project.
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