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 [...]
Pasinex Resources Ltd. today reports the Company's financial and operating results for the three months ended March 31, 2021. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, "The first quarter of 2021 was a continuation of the building that occurred in 2020. The dewatering of the fourth adit, although not complete, has allowed for access to sulphide product located at the 625-metre level. There should be [...]
Pasinex Resources Ltd. today announced that it has approved the issuance of 8,500,000 incentive stock options of the Company to the Board and management of the Company. The options are exercisable at a price of $0.04 per share for a period of five years from the issue date of April 30, 2021. Larry Seeley, Executive Chairman of Pasinex, commented, "I am pleased that we are able to offer stock options to the Directors and [...]
Pasinex Resources Ltd. today reports the Company's financial and operating results for the year ended December 31, 2020. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, "2020 will largely be seen as a year of preparation for Pasinex, with 2021 expected to be a transitional one due to the groundwork completed in 2020. Positive developments in 2020 included management changes and tax debt restructuring at [...]
Pasinex Resources Ltd. today reports the Company’s financial and operating results for the three and nine months ended September 30, 2020. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, “There were positive developments during the quarter at the Company’s Turkish joint venture including management changes, the beginning of the development of a fourth adit and the addition of the Mahyalar claim. We are [...]
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 conditions to earn an initial 51% interest in the Gunman Project to December 31, 2022. It extends the deadline to complete the [...]
Pasinex Resources Ltd. today reports the Company’s financial and operating results for the three and six months ended June 30, 2020. Andrew Gottwald, Chief Financial Officer of Pasinex, commented, “The second quarter financial results are consistent with the past few quarters, but have stabilized from a cash flow perspective, primarily due to continued support through shareholder loans. There were positive developments at [...]
Pasinex Resources Ltd. previously announced that due to logistics and delays caused by the COVID-19 pandemic, the Company was relying on the British Columbia Securities Commission’s blanket order BCI 51-517 to postpone the filing of its second quarter financial statements and management’s discussion and analysis for the three and six months ended June 30, 2020. In response to the COVID-19 pandemic, the Commission and [...]
Pasinex Resources Ltd. today reports the resignation of Steven Williams as President, Chief Executive Officer and Director of Pasinex as well as an Officer and Director of all of its subsidiary companies. Steven Williams has decided to concentrate his expertise in the direction of mineral processing consulting services in the future, and we wish him well in his future endeavours. Steven was the founder of Pasinex and led [...]
Pasinex Resources Ltd. today announced that due to logistics and delays caused by the COVID-19 pandemic, the Company is relying on the British Columbia Securities Commission’s blanket order BCI 51-517 to postpone the filing of its second quarter financial statements and management’s discussion and analysis for the three and six months ended June 30, 2020. In response to the COVID-19 pandemic, the Commission and other [...]
Pasinex Resources Ltd. today reports the Company’s financial and operating results for the three months ended March 31, 2020. Steve Williams, President and CEO of Pasinex, commented, “The first quarter financial results continue to reflect the difficult times that Pasinex is going through as a consequence of significant impairment costs and virtually no dividend payment received from our Turkey joint venture in this [...]