Pasinex to begin radar at Pinargozu, Akkaya on Feb. 22

Feb 13, 2014

PASINEX RESOURCES LIMITED ANNOUNCES GROUND PENETRATING RADAR TEST SURVEYS AT ITS PINARGOZU AND AKKAYA ZINC-LEAD PROPERTIES IN TURKEY

Pasinex Resources Ltd. will conduct ground-penetrating radar (GPR) testing over its Pinargozu and Akkaya zinc-lead properties in the Adana province, southern Turkey, starting Feb. 22, 2014.

Pinargozu and Akkaya are owned 50 per cent by Pasinex through Horzum AS, its joint venture company with Turkish mining company, Akmetal AS. Limestone-hosted zinc-lead mineralization in the Pinargozu-Akkaya area occurs both as oxides and as sulphides, as evidenced at Pinargozu, and at the neighbouring Horzum mine, which historically produced approximately 4.2 million tons of oxide ore and 420,000 tons of sulphide ore. Oxide ores are frequently associated with kart-related cavities in the host limestone. Sulphide ores generally occur at deeper levels, and are massive in form.

Technological developments over the last 10 years have produced ground-penetrating radar equipment capable of detecting cavities and massive sulphides in limestones through up to 100 metres of limestone, if the survey is conducted from surface, and up to 15 metres of limestone, if conducted from underground. Depth penetration is, however, dependent on a number of factors. Consequently it is prudent to conduct test surveys before commissioning broad-scale deployment of the new exploration technology.

The GPR tests at Pinargozu and Akkaya will run alongside both surface and underground tests at the Horzum mine, within which Pasinex owns a 5-per-cent interest.

Should the tests prove successful, which Pasinex believes to be probable, then arrangements will promptly be made for GPR surveying on the lines indicated in figures 1 and 2 which can be seen at the company’s website.

As both Pinargozu and Akkaya are awaiting drilling permits from the Turkish Ministry of Mines, successful detection of buried cavities and massive sulphides by GPR at Pinargozu and Akkaya should materially enhance Pasinex’s ability to locate and drill mineralization on these properties.

Clinton Smyth, PGeo, and vice-president of 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.

http://pasinex.com/press-releases/