Pasinex Drill Results from Golcuk Copper Project

- February 26th, 2015

Pasinex Resources Limited (CSE:PSE,FWB: PNX) announced results from drilling at its Golcuk Copper Project in Sivas Province, Turkey.

Pasinex Resources Limited (CSE:PSE,FWB: PNX) announced results from drilling at its Golcuk Copper Project in Sivas Province, Turkey.

As quoted in the press release:

Late last year Pasinex drilled five diamond holes at its Golcuk Main prospect for a total of 994.4 meters. Drilling of three holes planned for the Golcuk West Prospect had to be cancelled as a result of high and un-seasonal snowfall which prevented access of the drilling rig to the Golcuk West drill pads.

The results of this drilling are summarised in Table 1 below, and are illustrated in Figure 1 overleaf.

Hole ID Length (m) From (m) To (m) Interval (m) Cu % Ag (ppm)
PAS03 165.0 6.0 8.0 2.0      0.56 ND
    78.5 85.5 7.0      1.57 6
    90.5 92.5 2.0      1.01 5
    93.5 97.5 4.0      1.83 15
PAS04 203.5 10 13.5 3.5      0.82 9
    28.0 31.0 3.0      0.69 18
PAS05 212.5 117.0 119.5 2.5      1.21 17
    142.5 143.0 0.5      0.42 6
    144.5 145.0 0.5      0.59 1
PAS06 200.4 No significant results    
PAS07 213.0 139.0 142.0 3.0      0.35 7

Table 1: Summary of diamond drilling results from the Golcuk Main Prospect drilled from 1 November to 3 December, 2014.

Borehole PAS03 was targeted to confirm continuity of mineralization between boreholes PAS01 and historical borehole TGSJ-19, while the other four boreholes were targeted to test for mineralization striking in the un-tested directions East-North-East (PAS04 and PAS07) and West (PAS05 and PAS06) from the center of mineralization delimited by previous drilling.

While PAS03 encountered mineralization at the approximate depth expected, copper grade was somewhat lower than that encountered in PAS01 and TGSJ-19. PAS07 encountered only trace copper mineralization, at a depth somewhat deeper than encountered in surrounding boreholes.

Click here to read the Pasinex Resources Limited (CSE:PSE,FWB:,PNX) press release
Click here to see the Pasinex Resources Limited (CSE:PSE,FWB:,PNX) profile.

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