Pasinex Resources amends royalty agreement for Golcuk

Dec 6, 2016

PASINEX RESOURCES AMENDS AGREEMENT WITH EURASIA MINERALS ON ROYALTY AGREEMENT FOR GOLCUK CU PROPERTY, TURKEY

Pasinex Resources Ltd. has agreed with Eurasian Minerals Inc. and its Turkish subsidiary Eurasia Madencilik Ltd. Sti to amend its royalty agreement for the Golcuk copper property in Sivas province, Turkey. This amendment covers two items which are:

To provide that the company pays its first minimum advance royalty payment to Eurasian in 664,483 common shares of the company to be issued immediately;
To extend the completion date for the fourth anniversary of work obligations on the Golcuk property to June 30, 2017, subject to exploration work beginning on the property prior to Dec. 21, 2016.

About Golcuk

Pasinex’s Golcuk copper project occupies a 40-square-kilometre mineral claim in the Sivas province of central-northeast Turkey, a region characterized by later Palaeozoic-intrusives and porphyry-associated mineralization.

About Pasinex

Pasinex Resources is a base and precious metal-focused exploration company and zinc producer. The company’s priority is to build a strong portfolio of base metal opportunities in Turkey through its 50:50 joint venture with Akmetal on three zinc-lead-silver-copper projects. Its portfolio also includes 100-per-cent ownership in the Golcuk property.

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