LONDON, ENGLAND / ACCESSWIRE / March 26, 2015 / Yesterday on March 25, Pasinex Resources Ltd. (CSE: PSE; Frankfurt: PNX) disclosed the assay results of 8 drill holes from the Pinargozu Project, which is a 50/50 joint venture with the well-experienced mining company, Akmetal AS, a private company in Turkey.
Yesterday's drill assays are the best results Pasinex reported to date. One of the drills discovered awe-inspiring 38% zinc over a remarkable length of 36 m. Such zinc grades are downright spectacular as being around 4 times higher than the average of existing zinc mines globally.
The following graph illustrates the extraordinary quantum jump that Pasinex made since finding material with more than 30% zinc on a regular basis and mining such material profitable since 2014:
To view the illustration comparing well-known zinc development projects and existing zinc mines, please visit the following link to read the full article:
http://www.resourceinvestor.com/2015/03/26/pasinex-resources-ltd-makes-quantum-jump-zinc
The following zinc mines and development projects were mentioned in the article's graph:
- Red Dog Mine: Teck Resources Ltd.
- Dairi Deposit: PT Dairi Prima Mineral (DPM)
- Rampura Agucha Mine: Hindustan Zinc Ltd.
- Dugald River Deposit: MMG Ltd.
- Century Mine: MMG Century / China Minmetals
- Cirque Deposit: Teck / Korea Zinc
- Akie Deposit: Canada Zinc Metals Corp.
- Halfmile Lake Deposit: Trevali Mining Corp.
After the announcement of yesterday's news, Pasinex's stock increased by 30% in Canada and is currently trading at 0.13 CAD giving the company a market valuation of 9 million CAD. In respect to yesterday's news and the fact that Pasinex is already producing zinc DSO for immediate sale, the mid- to long-term future appears bright for Pasinex, and me as a shareholder. Despite spectacular drill results and an already commenced mining operation, Pasinex's stock is still rather unknown on a global scale - and for such reason, short-term oriented investors should refrain from such a stock as it is still trading only sporadically; a circumstance that may change any time since Pasinex is calling for attention with such formidable results and progress on an ongoing basis.
The full article can be read with the following link:
http://www.resourceinvestor.com/2015/03/26/pasinex-resources-ltd-makes-quantum-jump-zinc
The German version of the full article can be read with the following link:
http://www.wallstreet-online.de/nachricht/7492955-pasinex-macht-quantensprung
Disclaimer: The author, Stephan Bogner, owns shares of Pasinex Resources Ltd. and could sell them anytime without notice. In effect, the author would profit from a price increase. Neither the author nor Rockstone Research Ltd. was paid or instructed by Pasinex Resources Ltd. to write or publish this content. Please read the full disclaimer on www.rockstone-research.com as a conflict of interest exists with Zimtu Capital Corp. and none of this content is to be construed as "financial analysis" or "investment advice."
SOURCE: Rockstone Research Ltd.