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Pasinex Resources Ltd PSXRF


Primary Symbol: C.PSE

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.


CSE:PSE - Post by User

Post by becker123456789on May 09, 2019 8:38am
336 Views
Post# 29727929

Waiting on Akmetals

Waiting on AkmetalsYes this is a very difficult time for Pasinex. However, we are working very hard to get some appropriate resolution with Akmetal. It is not easy because they see the issue very differently to us but I believe we will prevail.
 
We are very concerned for our shareholders and we want to not only work our way through this problem but give the company a strong future again. This is our focus. Unfortunately the answer is not easy and may come in several steps. I should also note that we are very aware of our legal position with respect to Akmetal but we have continued to try to have a negotiated settlement with them.
 
Regards
Steve Willliams
Pasinex Resources Limited

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