TORONTO, ON – November 9, 2017 – Pasinex Resources Limited (CSE: PSE) (FSE: PNX)
Pasinex Resources Limited (The “Company” or “Pasinex”) is pleased to announce a maiden Mineral Resource estimate by CSA Global (UK) Ltd of 200,000 tonnes averaging 31% Zn for the Company’s 50%-owned Pinargozu zinc mine in southern Turkey. This resource equates to 61,600 tonnes of contained zinc metal or approximately 135,700,000 lbs of zinc. Three quarters of the resource tonnage is oxide at an average grade of 29% zinc and one quarter of the tonnage are zinc sulphides at an average grade of 35% zinc with additional silver credits.
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CSA Global (UK) Ltd (“CSA Global”) has undertaken an independent Mineral Resource estimation in accordance with CIM guidelines and the requirements of Canadian Securities Administrators (CSA) National Instrument 43-101 (NI 43-101) effective June 30th, 2017. A NI 43- 101 Technical Report is currently being prepared and will be filed with the Ontario and British Columbia Securities Commissions within the next 45 days.
Maria O’Connor BSc (Hons) is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Maria O’Connor is a Principal Resource Geologist and full-time employee for CSA Global (UK) Ltd and takes responsibility for the Mineral Resource Estimate reported here. Maria O’Connor has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which she has undertaken to qualify as a “Qualified Person” as defined in National Instrument 43 -101 “Standards of Disclosure for Mineral Projects” of the Canadian Securities Administrators.
Dr. Reynolds (PhD, Economic Geology) is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Dr. Reynolds is a Director of CSA Global, and visited the Pinargozu Mine between 28 May and 31 May 2017. He is responsible for Sections 1 to 12 of the NI43-101 report relevant to this Mineral Resource Estimate. Dr. Reynolds has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he has undertaken to qualify as a “Qualified Person” as defined in National Instrument 43 -101 “Standards of Disclosure for Mineral Projects” of the Canadian Securities Administrators
Pasinex Announces Maiden Resource PDF-November 2017
