Pasinex moves larger drilling rig to Pinargozu

Aug 7, 2014

PASINEX RESOURCES LIMITED GIVES UPDATE ON DRILLING FROM ITS PINARGOZU ZINC-LEAD PROJECT IN ADANA PROVINCE, TURKEY

Pasinex Resources Ltd. wishes to provide an update on its drilling program at its 50-per-cent-owned Pinargozu property, in Adana, Turkey. Until, and including, the drilling of borehole PPU14-015, drill targets at Pinargozu had been identified by geological interpretation not aided by the results of ground-penetrating radar (GPR) surveys.

Around the time of the drilling of borehole PPU14-015, a number of drill targets were identified based on the results of recently completed GPR surveys at Pinargozu. These immediately became the focus of the drilling team’s attention, as these targets hold the greatest potential for significantly increasing the resources at Pinargozu, located, as they are, some distance from PPU14-015, and its associated mining activities.

Delays in drilling these GPR-defined targets have, however, been experienced — for three reasons: (i) the steep topography at Pinargozu, which, though favourable for mining, makes the preparation of (a) drill-access roads and (b) water-lines, difficult; (ii) the fact that a number of targets were beyond the depth-reach of the drill on site, and on drilling angles at which the drill could not operate.

These problems have now been addressed, both with the arrival of a large new drilling rig at Pinargozu, and with the addition of a second pump station to the drill line.

Drilling of borehole PPS 14-001 has resumed as of Aug. 4, 2014. Three videos providing views of various planned boreholes and their GPR targets in multiple orientations are available on the Pasinex website.

Also available on the Pasinex website is a video showing very good correspondence between the mineralization intersected in borehole PPU14-015 and a reflection feature in the GPR results.

While Pasinex recognizes that not all reflection features in its GPR survey results at Pinargozu will correspond with mineralization, it expects that a significant number of them will. Consequently, Pasinex is very pleased to be starting this new phase of zinc exploration in Adana, using state-of-the-art technology never, to its knowledge, used in this context before.

Clinton Smyth, PGeo, and vice-president, exploration for Pasinex, has assembled a number of videos showing existing mine galleries, selected radar curtains, results of borehole PPU 14-15, planned borehole PPS 14-001, targets on other radar curtains, drilling permit outlines and a transparent representation of the ground surface. To view these videos, please visit the company’s website.

Clinton Smyth, PGeo 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.

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