VANCOUVER, Sept. 7, 2012 /CNW/ - Pasinex Resources Ltd. (CNSX: PSE) (the "Company" or "Pasinex") announces that it has expanded its land package in Adana Province, Turkey which falls under the joint venture agreement with the Turkish mining company, Akmetal AS (see news release dated June 28, 2012). The land expansion is comprised of three properties, Gokceviz, Kayrak-Kisacikli and Kayadibi, (the "Properties"), and the acquisition of these claims was based on their potential to host base and precious metals.
Gokceviz, Kayrak-Kisacikli and Kayadibi Properties
The Properties cover approximately 2,601 hectares and are located within the Horzum area of Adana Province. With the new acquisitions, Pasinex has a total of eight claims totaling approximately 8,650 hectares within this area that are under a joint venture agreement with Akmetal AS. The Properties were staked for their potential to host lead / zinc mineralization and are all early-stage, exploration opportunities. An initial field work program including soil sampling and geochemical surveys is already underway on the collective group of properties.
The Company has sufficient capital to fund the acquisitions and initial outlined work programs.
A map showing the location of the properties is available on the company's website at: http://www.pasinex.com.
About Pasinex Resources Ltd.
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.
Email: [email protected]
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.
SOURCE: Pasinex Resources Ltd.
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Email: [email protected]