Pasinex Resources Ltd.

Pasinex Resources Ltd. today announces that as a result of a review by the British Columbia Securities Commission , the Company is issuing the following news release to clarify its disclosure. The Company filed a technical report for the Pinargozu Mine, dated December 20, 2017 . The issues identified by the BCSC involve disclosure made by the Company that is not fully compliant with National Instrument 43-101 Standards of [...]

Pasinex Resources Ltd. reported a small loss for the third quarter of 2018 of $0.2 million compared to net income of $1.8 million in Q3 2017. The decrease in net income is due to a lower equity gain from Horzum AS caused mainly by the drop in zinc prices in Q3. Highlights – Q3 2018 and 2017 Third Quarter 2018 2017 Pasinex financial results: Equity gain from Horzum AS $ 521,675 $ 2,698,696 Dividend received from [...]

Pasinex Resources Ltd. today announced that it has received additional funds of $345,000 from certain shareholders and directors of the Company adding to the former promissory notes issued in August 2018. The amended promissory notes amount to $745,000 plus accrued interest of $3,361. The funds were used to pay the instalment required under the Spur Zinc Project Option Agreement plus general working capital. In September [...]

Pasinex Resources is pleased to present assay results as a follow up to its news release dated August 8th on its exploration drilling program at the Spur Zinc Project in White Pine County, Nevada. The new discovery of black-shale hosted zinc sulphides radically changes the exploration potential for the project. Left image - High-grade zinc oxide mineralization from drill hole SRDD-2018-001. Right image - Fine grained [...]

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 [...]