Pasinex Secures Path to 100% Ownership of Sarıkaya Zinc Project

2 hours ago 3

Article content

Management commentary

Article content

Aydın Sen, General Manager and Exploration Manager of Pasinex Arama, stated, “Sarıkaya hosts high-grade, carbonate-hosted zinc mineralization with strong potential for direct shipping to refineries requiring little processing. The mineralization is fault-controlled and locally occurs in karstic open-space fillings along faults. No modern geological survey or systematic exploration has been conducted at Sarıkaya to date. Instead, primitive mining followed high-grade sulphide zinc veins exposed at surface. Iron cap, barite, lead, and zinc mineralization outcrops along a one-kilometer-long fault, which remains unmapped and undrilled. These features indicate significant discovery potential. In addition, certain areas within the existing adit have already exposed high-grade zinc that is accessible for the production of direct shipping material. Applying advanced exploration techniques and strategic planning will be critical to fully unlocking the project’s value.

Article content

Dr. Larry Seeley, Executive Chairman of Pasinex, added, “The signing of this addendum marks an exciting major step forward for Pasinex in securing and advancing Sarıkaya. This project is highly complementary to our operations at Pinargözü and aligns perfectly with our strategy of building a portfolio of exceptional high-grade zinc deposits in Türkiye. With Sarıkaya license holder Aydın Teknik and Horzum AS now on track for full ownership, we are advancing on multiple fronts – strengthening our financial capability, building on our production capability and successes, advancing exploration with our experienced geological team and positioning Pasinex to deliver growth. We see Sarıkaya as a cornerstone project with the potential to generate significant long-term value for our shareholders.”

Article content

Article content

About Pasinex

Article content

Pasinex Resources Limited is a growing, zinc-focused mining company based in Toronto, Canada. Through its wholly-owned subsidiary, Pasinex Arama, the Company owns 100% of Horzum AŞ. Horzum AŞ owns and operates the producing Pinargozu high-grade zinc mine in Türkiye, selling directly to zinc smelters and refiners via commodity brokers.

Article content

Pasinex also holds a 51% interest in the Gunman Project, a high-grade zinc exploration project located in Nevada. Additionally, Pasinex recently secured an option to acquire a 100% interest in the Sarıkaya license, a Group IV lead-zinc operating license in Kayseri Province, Türkiye, representing significant potential for near-term profitability and major zinc discoveries. Led by a seasoned management team with extensive experience in mineral exploration and mine development, Pasinex’s mission is to explore and extract high-grade ore, driving growth and creating value for shareholders, employees, and local communities, while maintaining the highest standards of safety, health, and environmental responsibility.

Article content

Article content

For more information, please visit pasinex.com.

Article content

On Behalf of the Board of Directors

Article content

PASINEX RESOURCES LIMITED

Article content

Article content

The CSE does not accept responsibility for the adequacy or accuracy of this news release. This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or any future results expressed or implied by such forward-looking statements. All statements within, other than statements of historical fact, are to be considered forward-looking. Although Pasinex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not a guarantee of future performance, and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, exploration results, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

Article content

Article content

Article content

Article content

Article content

Article content

Read Entire Article