Pasinex Identifies Lead-zinc Anomaly at Akkaya, Adana Province
VANCOUVER, Sept. 19, 2012 /CNW/ - Pasinex Resources Ltd. (CNSX : PSE) (the "Company" or "Pasinex") is pleased to report that ongoing fieldwork on the Company's 50% owned Akkaya Property has identified two, significant geochemical anomalies which coincide along a known, northeast trending zinc mineralized belt of carbonate-dominated and minor clastic sedimentary rocks. The Akkaya anomalies are located along a 80 kilometer-long corridor between the historical Horzum Zinc Mine in the south and the historical Akcal/Belbasi Zinc Mines near Tufanbeyli in the north. The larger of the two anomalies stretches 600 meters in length and 300 meters in width along the southern portion of the property. This news release should be read in conjunction with the series of maps and conceptual models captioned as 'Pasinex Akkaya Results,' available on the Company's website at, 'http://pasinex.com/wp-content/uploads/2012/01/Akkaya-results-Sept-2012.pdf.'
The Akkaya Property is a part of the joint-venture land package that was staked by Pasinex and Akmetal AS and the Company is targeting limestone rock which has the potential to host lead/zinc mineralization in the Horzum region of Adana province. These types of host rocks are well-documented as primary targets for Mississippi-type lead/zinc deposits and, despite the existence of a number of small zinc mines and mineral occurrences in the corridor, there are no recorded exploration initiatives of this large region for new zinc deposits using modern exploration methods. It is for this reason that Pasinex remains optimistic about this property and will work diligently to have Akkaya drill-ready by the end of 2012.
2012 - Soil Geochemistry Results
|Highest Zn (ppm)||Lowest Zn (ppm)||Highest Pb (ppm)||Lowest Pb (ppm)||Zn>500 (ppm)||Pb>500 (ppm)||Pb>1000 (ppm)|
|Soil||949.62||15.35||4387.69||6.18||34 samples||42 samples||10 samples|
|Total Soil Samples: 623|
The soil program consisted of 623 of samples taken every 25 meters on lines oriented east-west and separated by 100 meters. The samples were taken from the "B" soil horizon and were analyzed with a Niton XL3t 950 GOLDD+ XRF by the Company. Results ranged from 15.35 - 949.62 ppm Zn and 6.18 - 4387.69 ppm Pb. Quality control was carried out by check analysis at the ALS Chemex laboratory in Pinarbasi/Izmir, Turkey. Pasinex is satisfied with the accuracy and precision of the Niton XRF results.
Pasinex Resources Limited (CNSX: PSE) is a base and precious metal-focused exploration company with a particular initial priority given to building a strong portfolio of base metal opportunities in Turkey. The Company has a strong technical management team with many years of experience in mineral exploration and mining project development.
Clinton Smyth, P.Geo and VP Exploration for Pasinex, is the qualified person as defined by National Instrument 43-101 who has verified the written disclosure of all scientific and technical information in this news release.
On Behalf of the Board of Directors
PASINEX RESOURCES LTD.
The CNSX does not accept responsibility for the adequacy or accuracy of this news release.
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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