TORONTO, Jan. 17, 2018 (GLOBE NEWSWIRE) — Pasinex Resources Limited (CSE:PSE)(FSE:PNX) (The “Company” or “Pasinex”) 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 Pinargozu Zinc Mine in Southern Turkey and a technical and logistical management team in Nevada. Mr. Barry is a Pasinex Director and acts as the Company’s in-house Qualified Person.
Mr. Barry has over 30 years in the mineral resource industry with extensive experience on all five continents. His exploration and resource delineation capabilities were put to practice at two formidable Irish zinc mines namely Lisheen, a major Irish-style zinc deposit, and the world-class Navan Mine. Mr. Barry is a founder and VP of Exploration Strategy at the newly-listed Group Eleven Resources (TSX-V:ZNG) and was formerly the founder and CEO of Rathdowney Resources Ltd (TSX-V:RTH).
President and CEO of Pasinex Resources, Mr. Steve Williams, commented: “Mr. Barry is a well-known, highly respected exploration geologist and an authority in zinc exploration. We are delighted that he has accepted this role, as his years of experience will be a huge benefit in the advancement and growth of Pasinex’s developing portfolio of zinc projects.”
Pasinex Resources Limited (CSE:PSE)(FSE:PNX) is a metals company which is a 50% owner of the high grade Pinargozu zinc mine which is in production and, under its DSO Program, is shipping directly to zinc smelter / refiners from its mine site in Turkey. The Company has also recently acquired the Gunman high-grade zinc exploration project in Nevada. The Company has a strong technical management team with many years of experience in mineral exploration and mining project development. The mission of Pasinex is to build a mid-tier zinc company based on its mining and exploration projects in Turkey and Nevada.
The Pinargozu Mine is included in the 50-50 company, Horzum Arama Isletme AS (Horzum AS), which is a corporate joint venture between Pasinex and Turkish mining house, Akmetal Madencilik San ve Tic. AS (Akmetal AS). Akmetal AS is one of Turkey’s largest family-owned conglomerates with the nearby past-producing Horzum zinc mine.
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On Behalf of the Board of Directors
PASINEX RESOURCES LTD.
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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.
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