Pasinex Resources starts drill program at Golcuk

Oct 28, 2014

PASINEX RESOURCES COMMENCES SECOND DRILL PROGRAM AT THE GOLCUK COPPER PROJECT IN TURKEY

Pasinex Resources Ltd. will begin a 1,500 m diamond drilling program at its 100-per-cent-owned Golcuk copper project located in Sivas province, Turkey.

Pasinex intends to drill four to six holes on Golcuk’s Main zone, and two or three holes on Golcuk’s West zone (see http://pasinex.com/wp-content/uploads/2014/10/28-10-14-Pasinex-Golcuk-Second-Drill-Program.pdf for Figure 1).

Mr. Steven Williams, President and CEO of Pasinex Resources stated, “The Golcuk Copper Project holds great promise due to recent structural and alteration-mapping insights we have gained there, supported by the results of the property-wide magnetic survey. This information has helped us identify new drill targets. We look forward to unlocking the potential of this highly prospective property.”

Previous drilling at Golcuk Main indicates that mineralization there occurs in layered basalts, andesites, and associated volcaniclastics, and it is considered at this stage to be of the manto type. Manto-type mineralization may be subject to both strata-bound controls, commonly sub-horizontal, and vertical to sub-vertical controls.

Golcuk West, not previously drilled, lies two kilometers to the west of Golcuk Main. It displays oxide and sulphide copper mineralization at surface, which appears to be fault-controlled.

Drilling is being conducted by Spektra Jeotek Sanayi ve Ticaret A.S., and is expected to be completed before the end of November. 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.

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