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Pasinex Resources (CSE:PSE) provided an update on ore production and exploration at its Pinargozu Property, in Adana, Turkey. Exploration results have shown that a significant volume of lower grade mineralisation is present close to high grade mineralisation
at Pinargozu. This phenomenon has not been observed at the adjoining Horzum mine.
Pasinex Resources (CSE:PSE) provided an update on ore production and exploration at its Pinargozu Property, in Adana, Turkey. Exploration results have shown that a significant volume of lower grade mineralisation is present close to high grade mineralisation at Pinargozu. This phenomenon has not been observed at the adjoining Horzum mine.
As quoted in the press release:
To date, Horzum AS has mined approximately 4,000 tons of oxide ore, about 3,500 tons of which has been transferred to Adana for crushing, sampling and sale. The grade of this new material is expected to be approximately 30 to 34% zinc based on independent sampling and assaying of the previous bulk sample.
Underground diamond borehole PPU14-16 (Figure 1) was drilled close to diamond drill hole PPU14-15 (16.8 meters of 39.0% Zn) to evaluate close-range continuity of mineralisation grade and to guide mining. Borehole PPU14-16 returned 17.0 meters of 23.0% zinc, 0.12% lead and 33ppm silver (including 4.30m of 43.0% zinc).
Pasinex CEO, Steve Williams, said:
Transitioning from pure exploration to cash flow generation is an important step for Pasinex. Our Pinargozu project is delivering a grade of zinc material amenable for direct shipping. Our goal is to continue production, the proceeds of which will help fund exploration, while we delineate a compliant resource accessible by an adit that will support larger scale zinc production later
Click here to read the Pasinex Resources (CSE:PSE) press release
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