Pasinex Resources Limited Announces Successful Ground Penetrating Radar Test Results from its Pinargozu and Akkaya Zinc-Lead Properties in Turkey

(firmenpresse) - Pasinex Resources Limited Announces Successful Ground Penetrating Radar Test Results from its Pinargozu and Akkaya Zinc-Lead Properties in Turkey

March 3, 2014 - Pasinex Resources Limited (CSE: PSE) (FSE: PNX) is pleased to announce that the Company has successfully completed the ground penetrating radar (GPR) tests announced on February 13, 2014, over its Pinargozu and Akkaya zinc-lead properties in the Adana Province, southern Turkey.

Using an UltraGPR antenna (www.groundradar.com), penetration depths from surface of 80 meters were achieved in the carbonate rocks on both properties (Figures 1 and 2). Radar reflection signatures indicative of geological features relevant to potential mineralization and drill targeting were visible over the full penetration depth.

Using a Mala shielded 100MHz antenna (www.malags.com), penetration depths from historical underground workings at Pinargozu of 18 meters were achieved (Figure 3). Again, radar reflection signatures indicative of geological features relevant to potential mineralization and drill targeting were visible over the full penetration depth of the underground tests.

Equally positive results were obtained for extensive testing also undertaken on Akmetal’s Horzum Mine, which occurs on strike from Pinargozu and Akkaya.

In the light of these positive results, Pasinex is making immediate arrangements to survey numerous additional surface GPR lines over both Pinargozu and Akkaya in order to better target the diamond drilling planned for both properties in 2014.

Steve Williams, CEO, comments “ Pasinex is very encouraged by these test results as we see clear geological features that are definite targets for our zinc exploration drilling. We think this technology will increase our prospects of successful drilling for zinc. We will now move quickly to complete a more extensive campaign of radar over our properties ”

Pinargozu and Akkaya are owned 50% by Pasinex through Horzum AS, its joint venture company with Turkish mining company, Akmetal AS.

Clinton Smyth, P.Geo and VP Exploration for Pasinex, is the qualified person as defined by National Instrument 43-101 who has verified the written disclosure of all scientific and technical information in this news release.

About Pasinex

Pasinex Resources Limited (CSE: PSE) (FSE: PNX) is a base and precious metal-focused exploration company with two prospective projects being the Golcuk Cu project in Sivas province Turkey and the Horzum Zn / Pb / Ag project in Adana province in Turkey. The Company has a strong technical management team with many years of experience in mineral exploration and mining project development.

On Behalf of the Board of Directors
PASINEX RESOURCES LTD.

“Steve Williams”
Steve Williams
President/CEO
Phone: 416 861 9659
Email: info(at)pasinex.com

The CSE does not accept responsibility for the
adequacy or accuracy of this news release.

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Pasinex Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to finance exploration in order to further the Pinargozu and Akkaya projects in 2014, the expected depth penetration of GPR tests, and the granting of drilling permits from the Turkish Ministry of Mines. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

To view the entire press release please follow the link:
http://www.irw-press.com/dokumente/Pasinex_030314_EN.pdf

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Bereitgestellt von Benutzer: irw
Datum: 03.03.2014 - 18:15 Uhr
Sprache: Deutsch
News-ID 328009
Anzahl Zeichen: 4684

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