Pasinex Resources completes zinc sale

(MENAFN- ProactiveInvestors)Pasinex Resources (CSE: PSE) continues to meet targets and completed another lot-sale of zinc from its Pinargozu mine in Turkey The sales was of 1500 tonnes wet weight of high grade zinc mineral material (35.9% Zn). The company owns 50% of the mine through its joint venture with Horzum. The firm said this lot represents over 1.1mln pounds  of contained zinc metal and together with the previously announced lot sales from Pinargozu in November now brings total annual production in 2015 to 15406 tonnes (wet weight) of zinc mineral material with about 10100000 lbs of contained zinc. President and chief executive of Pasinex said: "We continue to mine and sell high grade zinc mineral material from our Pinargozu mine in southern Turkey. 'The mine production is now stabilizing at approximately 60 tonnes per day. 'We therefore plan a monthly lot sale of around 1500 tonnes which will increase cash flow and keep mine development and near-mine exploration moving forward. 'Pasinex continues to deliver on its targets even in these very challenging times for the mining industry. 'Consistent production from this small but high-grade mine provides the perfect platform to advance our project. I am confident 2016 will be a good year for Pasinex and our shareholders." Shares were unmoved at C$0.055.