Pasinex Resources Ramps Up Production at Pinargozu, Idenitifies Multiple Drill Targets on Akkaya

Pasinex Resources Limited (CSE:PSE,FWB:PNX) reported that drilling and mining at Pinargozu is progressing well, paving the way for a production ramp-up from about 25 tpd to 50 tpd of direct shipping zinc material. The average grades continue to yield + 30% zinc., with further zinc product sales imminent. At Akkaya, multiple high priority drill targets have been identified, and drill bags are currently being prepared.

As quoted in the press release:

Exploration on the Akkaya property, which is located immediately north of Pinargozu and has never before been drilled, has identified multiple high priority targets for which drill pads are currently being prepared. These targets were revealed through analysis of structural geology, ground penetrating radar (“GPR”) and extensive soil and rock chip sampling. The Akkaya property is situated approximately 1.5 km north of Pinargozu’s mining operation. Diamond drilling will begin in the next month and is scheduled to run for several months.

Pasinex Resources CEO, Steven Williams, said:

We recently engaged a structural geologist to review our data to provide us with a clearer understanding of the structurally controlled zinc mineralization associated with karstic caves along fractures and faults at Pinargozu. This is assisting us in optimization of drill targets on Pinargozu. Three (3) drill rigs are now on site to drill these zinc targets from both surface and underground stations. Our short-term goal is to double the production capacity at the Pinargozu mine by the end of the second quarter of 2015.

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