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    TORONTO, ONTARIO--(Marketwired - Nov. 3, 2016) - Pasinex Resources Limited (CSE:PSE)(CSE:PSE.CN)(FRANKFURT:PNX) (the "Company" or "Pasinex") today announced its first sale of direct shipping (DSO) high-grade zinc sulphide material from its 50%-owned Pinargozu zinc mine in Turkey. The joint venture company Horzum AS reported a sale of 991 tonnes averaging 46.82% Zn. The approximate value of the product realized was over US$700 per tonne.

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  • Pasinex Resources Announces High Grade DSO Sulphide Mineral Sale from the 50% owned Pinargozu Zn Mine 2016-11-03

    TORONTO, ONTARIO--(Marketwired - Nov. 3, 2016) - Pasinex Resources Limited (CSE:PSE)(CSE:PSE.CN)(FRANKFURT:PNX) (the "Company" or "Pasinex") today announced its first sale of direct shipping (DSO) high-grade zinc sulphide material from its 50%-owned Pinargozu zinc mine in Turkey. The joint venture company Horzum AS reported a sale of 991 tonnes averaging 46.82% Zn. The approximate value of the product realized was over US$700 per tonne.

Ngwenya Information

  • General 2015-05-10
    The Swaziland Iron Ore Development Company (SIODC), owned by the Anglo-American Corporation, started mining of the deposit in 1964. The open pit mining took place between 1964 and 1977, temporarily boosting the economic development of the area by establishing a railway line connecting the mine with the Mozambique Railway System, and an electricity supply network. An estimated 20,000,000 tonnes of iron ore have been extracted from the mine. The initial iron content ranged from 64% to about 60%, but dropped to an average of 54% and the project became unfeasible and eventually closed down in the 70s. The mine is left with approximately 50 million tons ore deposits in situ, 83 hectares of slime dumps and 10-15 millions of dumps.

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Nearby Location News

  • Botswana pulls out of $279m Norilsk Nickel mine deal 2016-10-11
    Botswana withdrew its decision to buy a 50% stake in South Africa’s Nkomati mine from OAO GMK Norilsk Nickel because it can’t afford the price tag of just under P3-billion ($279-million). “The kind of situation we are in, where’s that money going to come from,” Khaulani Fichani, chairman of state-owned BCL, told reporters in Gaborone, Botswana’s capital. BCL is now being managed by a liquidator.
  • Barberton tailings plant shoots lights out with cheap, upped gold production 2016-09-23
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  • 2016 Abridged Mineral Resource & Mineral Reserve Report 0000-00-00
    Market News alert Pan African Resources PLC
  • 2016 Abridged Mineral Resource & Mineral Reserve Report 0000-00-00
    Market News alert Pan African Resources PLC

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