Pasinex Announces Receipt of Operational Licenses
November 30 2022 - 7:30AM
Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (The “Company” or
“Pasinex”) today reports that its has received the extension of the
principal mining operational license of Horzum AS and the Akkaya
operational exploration license of Pasinex Arama. Both licenses
have been extended to November 2032 in Adana Province in Turkiye.
Andrew Gottwald, Chief Financial Officer of
Pasinex, commented, “We are extremely pleased to have received the
license extensions. We would like to thank both our team at Horzum
AS and the officials at MAPEG who worked together to satisfy all
regulatory requirements in order to renew the licenses. We can now
focus on growing the resources available to be mined for the
long-term benefit of all stakeholders including the Company’s
shareholders, the employees of Horzum AS and the local
community.”
About Pasinex
Pasinex Resources Limited is a Toronto-based
mining company that owns 50% of Horzum Maden Arama ve Isletme
Anonim Sirketi (“Horzum AS” or “Joint Venture”), through its 100%
owned subsidiary Pasinex Arama ve Madencilik Anonim Sirketi
(“Pasinex Arama”). Horzum AS holds 100% of the producing Pinargozu
high-grade zinc mine. Horzum AS sells directly to zinc smelters and
refiners or through commodity brokers from its mine site in
Türkiye. The Company also holds an option to acquire 80% of the
Gunman high-grade zinc exploration project in Nevada. Pasinex has a
strong technical management team with many years of mineral
exploration and mining project development experience. The mission
of Pasinex is to build a mid-tier zinc company based on its mining
and exploration projects in Türkiye and Nevada. Visit our website
at www.pasinex.com.
On Behalf of the Board of
DirectorsPASINEX RESOURCES LIMITED
“Andrew Gottwald”
Andrew
Gottwald |
Evan
White |
Chief Financial Officer |
Manager of Corporate Communications |
Phone: +1 416.861.9659 |
Phone: +1 416.906.3498 |
Email: info@pasinex.com |
Email: evan.white@pasinex.com |
The CSE does not accept responsibility for the
adequacy or accuracy of this news release.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 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 believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not a guarantee 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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