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Pasinex Resources Ltd C.PSE

Alternate Symbol(s):  PSXRF

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

Comment by Kylewk89on Mar 22, 2018 10:42am
203 Views
Post# 27760627

RE:RE:This company

RE:RE:This company
I agree Spike, with doing your own research, but everything you are saying in your copy and paste is also true for Pasinex. The Pinargozu Project is already in production with extremely high grade zinc. This year they will have a neighboring project, Akkaya, with the potential to do just as well. They will also be working on their Gunman project in Nevada this year. As for profits, they have been steadily increasing each qtr, with this year also set to be a record year. I would say at their current price with the expected zinc forecast, along with zero debt, they are the better option for moving to mid-tier mining company.
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