Pasinex Resources PSE 1

Pasinex Resources (CSE:PSE) sold another 1,500 tonnes (1,400 dry tonnes) of high grade zinc ore (with an average grade of 35.9% Zinc), containing in excess of 1.1 Million pounds of zinc. The ore was produced at the Pinargozu zinc mine in Turkey, wherein Pasines has a 50% interest through its joint venture with Akmetal, one of Turkey’s largest conglomerates.

As the mining rate at the Pinargozu mine has now reached 60 tonnes per day, Pasinex should be able to continue to sell lots of 1,500 tonnes of zinc ore on a monthly basis which should generate the operating cash flow needed to pay the bills and continue the development of the zinc mine in Turkey.

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The author holds no position in Pasinex Resources. We have no business agreement with Pasinex Resources, but major shareholder Zimtu Capital is a sponsor of the website. Please read the disclaimer

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