Pasinex Resources starts phase I drilling at Pinargozu

May 21, 2014

PASINEX RESOURCES LIMITED ANNOUNCES START OF DRILLING ON ITS PINARGOZU ZINC-LEAD PROJECT IN ADANA PROVINCE, TURKEY

Pasinex Resources Ltd. has started phase I diamond drilling on its 50-per-cent-owned Pinargozu zinc-lead project in Adana province, Turkey. Pinargozu is also 50% owned by Pasinex’s partner in Adana, Akmetal Madencilik San ve Tic A.Ş.

Drilling started on Borehole PPU14-006 on Saturday, 17 May. The borehole is one of 22 boreholes for which targets have been identified at Pinargazu – some from geological features of already-mined zinc oxide ore, and some from ground penetrating radar (GPR) surveys.

Borehole PPU14-006 is targeted on downward-continuation, in a mineralized structure, of ore mined from the 707 level of the old artisanal mine at Pinargozu, and is shown on Figure 1 below.

Figure 1 also shows all other drill sites identified at Pinargozu and slated for possible drilling to date, subject to ongoing drilling results. It also shows the locations of surface GPR survey profiles recently completed at Pinargozu, and targets identified within them.

Like most other geophysical exploration methods, GPR surveys can identify physical features and changes in rock properties – some of which may be inferred to relate to economic mineralization, and therefore to merit drilling for sample recovery and analysis. The physical rock features at Pinargozu which are believed to be related to mineralization are cavities, faults, fissures and stratigraphy – evidence for all of which are present in the GPR survey results from Pinargozu. As drilling results become available, relationships between actual rock properties, the GPR profiles they have produced at Pinargozu, and economic mineralization, should become clearer, with the result that the interpretations and drilling plans shown on Figure 1 may change.

Pinargozu is a small, historic, marble-hosted zinc oxide mine located in steep topography 7 kilometers along strike from the historic Horzum zinc/lead Mine. The topography over which the Pinargozu GPR surveys were undertaken is steeper than that in any documented GPR surveys known to Pasinex. It has called for specialist data reduction techniques to be implemented by the GPR contractor (GroundRadar) with which Pasinex has been fully satisfied. Steve Williams, CEO, comments “Pasinex has entered into another important stage of the company’s development with the beginning of drilling at Pinargozu. We look forward to the results from this drill campaign.” 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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