Pasinex Resources Ltd C.PSE

Alternate Symbol(s): PSXRF

Metals & Mining Industrial Metals & Minerals

Pasinex Resources Limited is a Canada-based mining company. The Company owns 50% of Horzum Maden Arama ve Isletme Anonim Sirketi (Horzum AS), through its wholly owned subsidiary Pasinex Arama ve Madencilik Anonim Sirketi (Pasinex Arama). Horzum AS holds 100% of the producing Pinargozu high-grade zinc mine. Horzum AS sells directly to zinc smelters and or refiners through commodity brokers from its mine site in Turkiye. It also holds a 51% interest, with an option to increase to an 80% interest of a high-grade zinc exploration project, the Gunman Project, located in Nevada. Pinargozu is located about 28 kilometers (km) north of Kozan, Turkiye in the eastern part of the Taurus Mountain range. The Gunman Project is centered on a high-grade zinc concentration near the Bald Mountain gold mine. Its Akkaya property is located 1.5 km north of the Pinargozu Mine on the Horzum Zinc Trend (HZT), a known northeast trending zinc mineralized belt of carbonate-dominated sedimentary rocks in Adana.

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Pasinex Resources Ltd

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Comment by BloodPolskaon Nov 09, 2017 10:14am

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Post# 26932360

RE:RE:RE:resource estimate out

quick numbers:
200,000 tonnes gives us 400,000,000 lbs

400,000,000 lbs at 1.40 a lb gives us 560,000,000$ of zinc left in the mine since they sell on spot.

560,000,000 / 2 ((50/50) venture) is 280,000,000 for Pasinex resources.

260 million dollars over the next few years.

They will have a good amount of cash for exploration.

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