Mr. Steve Williams reports
PASINEX RESOURCES LTD. ACQUIRES PROPERTIES IN TURKEY; INITIATES
Pasinex Resources Ltd. has
acquired, through staking, seven properties in Turkey: Dadak, Bereket, Bahceli, Kuplce, Bursa 1,
Bursa 2a and Bursa 2b. The properties are located within the Turkish provinces of Afyon, Artvin
and Bursa, and were acquired for the potential to host base and precious metals.
Dadak property (Afyon province)
The Dadak property consists of one mineral claim covering approximately 14.74 square kilometres (1,474
hectares) and is located 20 kilometres southeast of the city of Afyon. The Dadak property was
acquired for its potential to host Miocene-age gold porphyry deposit types such as that seen with
the Kisladag deposit of Eldorado Gold Corp. The company plans to initiate a
preliminary fieldwork program by month-end on the Dadak property which will include geological
mapping and detailed surface rock sampling.
Bereket, Bahceli and Kuplce properties (Artvin province)
The Bereket, Bahceli and Kuplce properties are located in Artvin province, approximately 750
kilometres east of the Turkish capital city of Ankara. The properties were acquired for their
potential to host volcanogenic massive sulphides (VMS) and epithermal gold/silver-type deposits.
The total landholding is 19.76 square km (1,976 hectares) for the Bereket property, 16.66 square km
(1,666 hectares) for the Bahceli property and 9.65 square km (965 hectares) for the Kupluce property.
The company plans to initiate a fieldwork program during the second quarter of 2012, weather permitting.
Bursa 1, Bursa 2a and Bursa 2b properties (Bursa province)
The Bursa 1, Bursa 2a and Bursa 2b properties are located in Bursa
province, approximately 200 kilometres southeast of the city of Istanbul. Exploration at the Bursa
properties will target the potential for epithermal and skarn-type gold/copper deposits. Regionally,
the Bursa properties are located in the northeast of Turkey's Anatolide tectonic belt, considered
as the country's most prolific porphyry belt. Bursa province hosts a well-developed road system
that provides direct access to the company's Bursa properties. The total landholding is 11.22 square
km (1,122 hectares) for the Bursa 1 property, 3.3 square km (330 hectares) for the Bursa 2a property
and 1.07 square km (107 hectares) for the Bursa 2b property. The company plans to initiate a fieldwork program at the Bursa properties during the second quarter of 2012, weather permitting.
The company has sufficient capital to finance the acquisitions and initial outlined work programs.
A map showing the location of the properties is available on the company's website.
Clinton Smyth, PGeo, and vice-president of exploration for Pasinex, is the qualified person as defined by
National Instrument 43-101 who has verified the written disclosure of all scientific and technical
information in this news release.
We seek Safe Harbor.