NEWS

Pasinex Update on Pinargozu NI 43-101 Resource Estimate

(The “Company” or “Pasinex”) today provides an update on the progress on the preparation of an independent Mineral Resource Estimate for the high-grade Pinargozu zinc mine in Turkey. Pasinex also announces approval for the adoption of an advance notice by-law (the “By-law”).

President and CEO of Pasinex Resources, Mr. Steve Williams, commented: “We are now expecting to publish the results of the NI 43-101 resource estimate for Pinargozu in November 2017. We’re working expeditiously with CSA Global to ensure our updated timeline is met.”

Wireframing of Mineral Resource volumes is almost complete. In June and September, CSA Global’s Qualified Person (QP) and resource geologist visited the mine site and undertook underground inspections and review of drilling, core-handling and sample preparation. Due to the porous nature of the high-grade non-sulphide zinc mineralization, CSA Global advised extraction of three 25 to 30 tonne bulk samples to better determine appropriate bulk-density assignation in the Mineral Resource model. An additional 100 bulk-density measurements on drill-core have been requested and will be determined by an an accredited independent laboratory in Turkey. These measurements will be added to the database of results from 70 grab samples already taken from underground. These workstreams will provide a more reliable bulk density for the volume and therefore a more robust estimated tonnage as part of the Mineral Resource study. All quality assurance and quality control protocols and results have been reviewed and approved by CSA Global.

Pasinex management is confident that the stope bulk density measurements will be completed within the next few weeks to allow publication of Pinargozu’s first maiden resource by the end of November at the latest.

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SOURCE: INVESTING NEWS
DATE: OCTOBER 17, 2017

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