Pasinex Resources Ltd.

Pasinex Resources Ltd. today reported net income for the second quarter of 2018 of $0.9 million compared to $0.5 million in Q2 2017. The Q2 2018 results reflect an equity gain from Horzum AS that is double that of Q2 2017 due to higher sales volumes and higher zinc prices. The drilling program at the Spur Zinc Project in Nevada started in June at a cost of $0.3 million and is expected to be completed by the end of August [...]

Pasinex Resources is pleased to provide an update on its 2018 exploration program at the Gunman Zinc Project in White Pine County, Nevada and on its Akkaya zinc property in Turkey. In addition, the Company is announcing the receipt of related party loans. Update on Spur Zinc Project An initial drilling program of four inclined diamond drill holes has been completed at the Spur Zinc Project for a total of 2,291 feet with [...]

TORONTO, May 25, 2018 -- Pasinex Resources Ltd. today reported net income for the first quarter of 2018 of $0.7 million compared to $0.9 million in Q1 2017. The strong operational and financial performance at Horzum AS , is reflected in a $3.0 million equity gain from Horzum AS, a 155 percent increase over Q1 2017. Also included in net income for Q1 2018 is a $1.7 million impairment charge on the Golcuk Property recorded [...]

TORONTO, May 14, 2018 -- Pasinex Resources Ltd. today announced an exploration update at its high-grade zinc project in Nevada, USA . A drilling contract to drill a minimum of four drillholes not to exceed a total of 3,000 feet of oriented diamond core was signed with Idea Drilling LLC of Minnesota, USA. Drilling of this high-grade zinc mineralization is anticipated to commence by the end of May once ground works and [...]

TORONTO, April 30, 2018 -- Pasinex Resources Ltd. today reported net income for 2017 of $5.8 million; a 700 percent increase from 2016 net income of $0.8 million. Net income for the fourth quarter of 2017 was $2.7 million compared to $0.6 million in Q4 2016. The significant improvement in the consolidated results is due to the strong operational and financial performance at Horzum AS , which is reflected in Pasinex net [...]

TORONTO, Jan. 17, 2018 -- Pasinex Resources Ltd. is pleased to announce the appointment of John Barry, Vice President of Exploration, who will head all exploration activities at the Company's growing portfolio of exploration projects in Turkey and Nevada. Pasinex is pleased to create this new role of VP of Exploration for Mr. Barry. He will lead a team consisting of senior exploration geologists operating from the [...]

Pasinex Resources Ltd. is pleased to announce that the Company has filed the National Instrument 43-101 Technical Report supporting the initial Mineral Resource Estimate for the Pinargozu zinc deposit in Turkey, reported in the Company's news release dated November 9, 2017, read here. The NI 43-101 Technical Report was prepared by Dr. Neal Reynolds, Director of CSA Global Pty Ltd. and Maria O'Connor, Principal Resource [...]

Silcom Systems a reporting issuer in British Columbia, is pleased to announce the execution of an Option Agreement between the Company, Pasinex Resources and Cypress Development. The Agreement provides Pasinex the right to acquire 100% of Silcom's right to earn-in on the Gunman Zinc Project under its March 23, 2017 Option Agreement with Cypress. In return for providing Pasinex with the right to aquire the Company's [...]

Editors Note: There is an image associated with this press release. Pasinex Resources Ltd. is pleased to announce that, through its wholly-owned subsidiary Pasinex Resources Nevada Limited, it has entered into an option agreement with Cypress Development Corp. and Silcom Systems Inc. to earn up to an 80% interest in the Gunman zinc project located in White Pine County, Nevada . In essence, Pasinex has acquired the option [...]

Pasinex Resources Ltd. today reported net income of $1.8M for the third quarter of 2017 compared to $0.4M in the third quarter of 2016. In addition, considering net income from the first half of 2017 of $1.3M, Q3 shows a marked improvement in profitability due to a continuing upward trend in production and sales from its 50%-owned Horzum AS Joint Venture company , in Turkey. In Q3 the Pinargozu Mine produced 15,760 tonnes [...]