Pasinex Resources Ltd. today reports the Company's financial and operating results for the three and nine months ended September 30, 2022. The third quarter financial statements and management's discussion and analysis have been posted on the Company's website at www.pasinex.com. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, "Horzum AS continued to deliver solid results throughout the third quarter. We [...]
Pasinex Resources Ltd. is pleased to provide a company update. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, "The story of 2022 has been very much improving the procedural, operational and financial health of Pasinex. I'm very pleased that we have made advancements so that we can put the tax and licensing issues behind us. We can look forward to extracting more value from Pinargozu's high grade sulphides [...]
Pasinex Resources reports the Company's financial and operating results for the three and six months ended June 30, 2022. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, "We continued to move forward positively on many fronts including exceptional operating results at the Pinargozu mine and advancements on the exploration front at our Gunman Project in Nevada. We have met with MAPEG and the Ministry of [...]
Pasinex Resources today reports that at this stage, T.C. Maden ve Petrol Iserl Genel Mudurlugu have not extended the principal mining operational license of Horzum AS beyond April 15, 2023, and the Akkaya operational exploration license of Pasinex Arama at this time. As a result, both Pasinex Arama and Horzum AS have each filed a court action in Adana, Turkey challenging the denial of the license extensions. The actions [...]
Pasinex Resources reports the Company’s financial and operating results for the three months ended March 31, 2022. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, “This was an exceptional quarter for the Company, with the Joint Venture posting superb operating results both in sales and production, cash flowing from Horzum AS to Pasinex Arama and Pasinex Canada and the start of an exploration program on the [...]
Pasinex Resources reports the Company's financial and operating results for year ended December 31, 2021. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, "The results included within our annual reports released today demonstrate what can be accomplished through continued perseverance. The past few years have been difficult for management and the Company's shareholders. The recent results and cash inflows [...]
Pasinex Resources Ltd. announced that they have approved the issuance of 1,500,000 incentive stock options of the Company to Chief Financial Officer, Mr. Andrew Gottwald. The options are exercisable at a price of $0.04 per share for a period of five years from the issue date of March 24, 2022. About Pasinex Pasinex Resources Ltd. is a Toronto-based mining company that owns 50% of Horzum Maden Arama ve Isletme Anonim [...]
Pasinex Resources Ltd. is pleased to provide a company update. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, "2021 was a transitional year for Pasinex. We built on the initial work that began in 2020 by completing the first phase of the development of the Fourth Adit at the 541-metre level in the Pinargozu Mine of Horzum AS; by continuing our exploration success after encountering high-grade zinc [...]
Pasinex Resources Ltd. announces that they have reached an agreement with Cypress Development Corp. and Caliber Minerals Inc. to change the terms relating to the earn-in option agreement on the Gunman zinc exploration property in Nevada, USA. The agreement extends the deadline to complete the minimum of US $200,000.00 of qualified exploration expenditures to on or before June 30, 2022. For further clarification on the [...]
Pasinex Resources Ltd. today reports the Company's financial and operating results for the three and nine months ended September 30, 2021. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, "Although the development of the fourth adit did not go completely as planned in the first couple of quarters of the year, we are extremely pleased that we were able to get back on track in the third quarter. The mining [...]
Pasinex Resources Ltd. is pleased to provide an update on its exploration and development activities for the Company's 50% interest in Horzum Maden Arama ve Isletme Anonim Sirketi, which holds the producing Pinargozu high grade zinc mine in southern Turkey . Cautionary Note The Company has not completed a current technical report that includes a mineral resource estimate as defined by the Mineral Resources and Reserves [...]
Pasinex Resources Ltd. today reports the Company's financial and operating results for the three and six months ended June 30, 2021. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, "The substantial volumes of groundwater encountered in the second quarter provided a huge challenge for the team during the quarter and ultimately halted the development of the fourth adit. This delay has had a negative impact [...]