Pasinex Announces Change To Nevada Option Agreement
1
Pasinex Announces Change To Nevada Option Agreement
TORONTO, ON – September 12, 2019 – Pasinex Resources Limited (CSE: PSE) (FSE: PNX)
(The “Company” or “Pasinex”) announces that they have reached an agreement with Cypress
Development Corp. (TSX-V: CYP, OTCQB: CYDVF) and Caliber Minerals Inc. (formally Silcom
Systems Inc.) to change the terms relating to the earn-in option agreement on the Spur (formally
Gunman) zinc exploration property in Nevada, USA.
The agreement changes the date of the $100,000 USD option payment to December 11th, 2019
and defers the 2019 exploration obligations into 2020, bringing the exploration obligations to
$1,600,000 USD for 2020. The underlying licenses are in good standing until September 2020.
For further clarification on the original deal refer to the news release dated December 7th, 2017.
About Pasinex
Pasinex Resources Limited is a Toronto -based mining company which owns 50% of the
producing Pinargozu high grade zinc mine and, under a Direct Shipping Program, sells to zinc
smelters / refiners from its mine site in Turkey. The Company also holds an option to acquire 80%
of the Spur high-grade zinc exploration project in Nevada. Pasinex has a strong technical
management team with many years of experience in mineral exploration and mining project
development. The mission of Pasinex is to build a mid-tier zinc company based on its mining and
exploration projects in Turkey and Nevada.
Visit our web site at: www.pasinex.com
On Behalf of the Board of Directors
PASINEX RESOURCES LIMITED
“Steve Williams”
Steve Williams Evan White
President/CEO Manager of Corporate Communications
Phone: +1 416.861.9659 Phone: +1 416.906.3498
Email: [email protected] Email: [email protected]
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
2
actual results of the Company to be materially different from the historical results or from 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 guarantees 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.