VANCOUVER, Nov. 28, 2012 /CNW/ - Pasinex Resources Limited (CNSX: PSE) (the "Company" or "Pasinex") is pleased to announce that the Company is undertaking a drill program at its Golcuk Copper Project located in Sivas Province, Turkey.
Pasinex intends to drill two 300 metre diamond drill holes that will be carried out from two small areas already permitted for drilling by the previous owner of the property. Broader scale exploration drilling of the prospect is planned for the early summer of 2013. This drilling will be based on a complete re-evaluation of all historical drilling at Golcuk, including re-logging of 12 boreholes drilled in 2007, as well as on the results of geophysical surveys of the prospect currently being planned.
The Company is budgeting for another two equivalent holes to be drilled
contingent on the results of the first phase of drilling. The first borehole is sited to elucidate controls on both high (greater than one percent copper) and lower grade mineralization recorded in historical drilling at Golcuk.
Copper mineralization at Golcuk occurs in layered basalts and andesites, and is considered at this stage to be of the manto type. Manto-type mineralization may be subject to both strata-bound controls, commonly sub-horizontal, and vertical to sub-vertical controls. Historical drilling does not provide sufficient information to distinguish between these possible controls at Golcuk, hence providing justification for the first borehole.
The mineralization at Golcuk is open to the north-east, and evaluation of
historical drilling results in conjunction with mapping of outcropping
mineralization suggests that the mineralization follows a plunge direction to the north east. Consequently, the second borehole is sited to test for north-easterly extensions of the mineralization.
Pasinex Resources Limited (CNSX: PSE) is a base and precious metal-focused exploration company with a particular initial priority given to building a strong portfolio of base metal opportunities in Turkey. The Company has a strong technical management team with many years of experience in mineral exploration and mining project development.
SOURCE Pasinex Resources Ltd.