TORONTO, ONTARIO–(Marketwired – July 19, 2016) – Pasinex Resources Limited (CSE:PSE) (FRANKFURT:PNX) (the “Company” or “Pasinex”) today comments on the recent attempted coup in Turkey. Pasinex has their zinc operations in Adana province, Turkey.
Operations at the Pinargozu mine were not affected. Production run through the joint venture Company Horzum Arama Isletme AS (Horzum AS) continues as normal.
Steve Williams, President and CEO of Pasinex commented, “I am currently visiting our mining operation in Turkey. While the events are unsettling, we are very thankful to report that neither our operations nor our personnel are affected. It’s business as usual.”
Pasinex Resources Limited (CSE:PSE) (FRANKFURT:PNX) is a metals company which is a 50% owner of the high grade Pinargozu zinc mine which is in production and, under its DSO Program, is shipping directly to zinc smelter / refiners from its mine site in Turkey. The Company has a strong technical management team with many years of experience in mineral exploration and mining project development. The mission of Pasinex is to build a mid-tier zinc company based on building a large land within a productive CRD district in Turkey.
The Pinargozu mine is included in the 50-50 company, Horzum Arama Isletme AS (Horzum AS), which is a corporate joint venture between Pasinex and Turkish mining house, Akmetal Madencilik San ve Tic. AS (Akmetal AS). Akmetal AS is one of Turkey’s largest family-owned conglomerates with the nearby past-producing Horzum zinc mine.
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On Behalf of the Board of Directors
PASINEX RESOURCES LTD.
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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 from 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 Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees 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.
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