Pasinex Resources Advances the Sarikaya Zinc Project
In a significant development for the mining sector, Pasinex Resources Limited (CSE: PSE; FSE: PNX) has received the green light from Türkiye’s General Directorate of Mining and Petroleum Affairs (MAPEG) for the transfer of shares in Ayd?n Teknik Madencilik to its Turkish subsidiary, Pasinex Arama ve Madencilik A.?. This approval marks a crucial milestone as Pasinex Arama now holds 100% ownership of the Sarikaya zinc project.
Overview of the Sarikaya Project
The Sarikaya project is situated in Türkiye's Kayseri Province, showcasing a high-grade, carbonate-hosted zinc deposit. This area is known for its unique mineralization, marked by fault-controlled formations and karstic structures. The project features numerous high-grade outcrops, with zinc concentrations ranging from 30% to 50%. This high quality of zinc presents an attractive opportunity for direct shipping, requiring minimal processing.
Positioned about 40 kilometers from Develi in Kayseri, the Sarikaya project benefits greatly from established infrastructure, including paved roads and a stable supply of electricity. Additionally, its proximity to the operational Pinargözü mine enables synergies that can further enhance the efficiency of operations.
Plans for Development
Strategic Initiatives
Pasinex Arama is set to launch the first phase of exploration and mine development at Sarikaya, focusing on building operational capacity and advancing technical initiatives. Key activities planned through March 31, 2026, include:
- Appointing a production manager and assembling a core technical team to guide exploration efforts.
- Enhancing site-level supervision and adhering strictly to safety protocols.
Community Engagement and Environmental Measures
In preparation for mining activities, Pasinex places strong emphasis on community relations and environmental stewardship. Planned initiatives include:
- Conducting introductory meetings with local villages to foster strong relationships.
- Sampling and analyzing local water sources to ensure environmental safety.
- Implementing environmental baseline studies and safety training for all on-site staff.
Mine Development and Exploration
The company will survey historical adits and utilize advanced drone and 3D modeling technology to create thorough geological maps and define drilling targets. Plans to commence underground drilling in the first half of 2026 are in place.
Facility and Equipment Preparations
Furthermore, securing essential underground mining equipment and establishing basic infrastructure is a priority for the company. These preparations will lay the groundwork for efficient mining operations.
Future Outlook
Pasinex is concentrating on executing this robust work program at Sarikaya. The forthcoming initiatives, including detailed geological mapping and underground development, will set the foundation for future production aiming to begin in 2026. The goal is to ensure a smooth transition into production while maintaining an emphasis on thorough exploration efforts.
Insights from Management
Dr. Larry Seeley, Executive Chairman of Pasinex, expressed optimism regarding the MAPEG approval, seeing it as a pivotal achievement in the company’s continuous advancement throughout the year. He emphasized that the team is poised to swiftly progress into the development stage, focusing on building the workforce, enhancing mine access, and initiating underground drilling in early 2026. Moreover, the plan to start small-scale production by mid-2026 aligns with their strategic objective to solidify Pasinex’s position as a burgeoning high-grade zinc producer in Türkiye.
About Pasinex Resources Limited
Pasinex Resources Limited is a mining company based in Toronto, Canada, with a dedicated focus on zinc. Its Turkish subsidiary, Pasinex Arama ve Madencilik A.?., operates the producing Pinargözü high-grade zinc mine, supplying zinc directly to smelters and refiners. Pasinex proudly also possesses the Sarikaya Group IV operating license, which represents significant potential for profitable mining endeavors.
Frequently Asked Questions
What are the key developments at the Sarikaya zinc project?
Pasinex Resources has secured 100% ownership of the Sarikaya project and will start its exploration and mine development efforts shortly.
How does the Sarikaya project benefit from its location?
The project’s location offers excellent infrastructure and proximity to the operational Pinargözü mine, enabling efficient operations and shared resources.
What is the timeline for starting production at Sarikaya?
Pasinex aims to begin small-scale production by mid-2026 after completing the necessary development and exploration activities.
Who leads the Sarikaya project development?
Dr. Larry Seeley, the Executive Chairman, and a dedicated technical team will oversee the project’s development and operational strategies.
What is Pasinex’s overall mission?
Pasinex is committed to exploring and extracting high-grade ore, focusing on growth and delivering value while upholding safety and environmental standards.
