Jun 24 2016
Pasinex Resources Limited cuts 36 metres grading 25% zinc as drilling extends the mineralized zone to the north at its 50% - owned Pinargozu zinc mine. The Pinargozu zinc mine is in the Adana region of south-central Turkey.
A project location map Figure 1 is available by following the link provided here: http://bit.ly/28MsIis.
Table 1: Summary Highlights of Drill Assay Results
|
Drill Hole #
|
Core Length Interval Metres*
|
Zn
Grade %**
|
Core Recovery %
|
From (metres)
|
|
| |
|
PPS15-015
|
36.1
|
24.9
|
67
|
90.4
|
|
|
Including
|
22.6
|
35.3
|
52
|
|
|
PPS15-046
|
14.2
|
39
|
49
|
128
|
|
|
Also
|
8
|
42.7
|
11
|
145
|
|
|
PPS15-043
|
3.5
|
40.7
|
29
|
125
|
|
|
Also
|
8.7
|
45.1
|
29
|
134.3
|
|
|
PPS15-028
|
7
|
46.2
|
42
|
59.2
|
|
|
PPS15-027
|
5
|
36.1
|
37
|
62
|
|
|
PPS15-022
|
4
|
35.3
|
61
|
65.6
|
|
|
PPS15-032
|
3.7
|
36.3
|
49
|
95
|
|
|
PPS15-014
|
3.5
|
48.9
|
49
|
87.5
Bottom of Form
|
|
* True widths have yet to be determined.
**Zinc mineral is predominantly Smithsonite (which is zinc carbonate)
The mineralized zone intersected in PPS15-015 and PPS15-046 is estimated to be approximately 20 metres - follow link to Figure 6: http://bit.ly/28PysKq
Steve Williams, CEO of Pasinex commented "We are very pleased to report these outstanding drill results. These assays continue to demonstrate the high grade nature of zinc mineralization at Pinargozu. We believe these results underscore our belief that the mineralization at Pinargozu will continue to support our "DSO Program" of direct shipping, without the need for concentrating, to global zinc processors. It may represent the distal parts of a major connected and zinc carbonate replacement type (CRD) system. We remain very optimistic of our ability to add substantial tonnes to the DSO material, and anticipate more positive drill results in the coming weeks as we work through a backlog of un-assayed drill core. These are exciting times" said Steve Williams, CEO of Pasinex Resources.
Assays are now available for 39 (PPS15-014 - PPS15-052) surface diamond drill holes for a total of 5,450 metres drilled during the second half of 2015 - a full table of assays from this drilling is available by following this link: http://bit.ly/28MN5uj. A map (Figure 5) of all drill holes covered in this release is available by following this link: http://bit.ly/28MTqp0. Drilling indicates an extension to the north of the main mineralized zone - see Figures 3 & 4 by following these links: http://bit.ly/28MT8hV (Figure 3) & http://bit.ly/28Ps32X (Figure 4). A total of 17 drill holes did not intersect any significant mineralization and constrains the mineralized envelope. There is a sharp cut-off between high grade mineralization and barren host carbonate rock. At this stage the mineralizing system is almost exclusively zinc with minor amounts of lead and locally high grade of silver. Topography around the mine is rugged. Drilling was from three separate locations with fan drilling both laterally and vertically to provide coverage.
Pinargozu Zinc Mine
Current mining at 60 tonnes per day is predominantly exploiting non-sulphide high grade zinc carbonate mineralization. The grade of the mined material consistently exceeds the 25% zinc threshold for direct shipping to zinc processing plants. Pinargozu is one of several exploration targets along the Horzum Zinc Trend (HZT). The HZT controls a series of Carbonate-Replacement-Deposit (CRD) type mineral occurrences. The HZT extends north of the old Horzum mine, currently operated by our joint venture partner, Akmetal Madencilik San ve Tic. AS (Akmetal AS), for at least 8 kilometres - see link to Figure 2: http://bit.ly/28WVEVN. The HZT is completely under-explored. Pasinex is the first to apply advanced exploration technology and CRD exploration concepts and models to the HZT.