Pasinex Targets Turkish Lead-Zinc Property with New Agreement
Pasinex Resources is moving forward with plans to expanding its operations in Türkiye with a new agreement that could see it acquire a major lead-zinc mining license. The Canadian company, through its local subsidiary Pasinex Arama, signed an Option and Purchase Agreement with Aydin Teknik, a local Turkish firm, for the Sarikaya property—a lead-zinc site located in Kayseri province.
The Sarikaya property, which spans over 660 hectares, lies in the Yahyalı-Develi region, one of Türkiye's most important areas for lead-zinc mining. This region has a long history of mining activity, dating back to the Bronze Age and Roman times, and is home to more than 50 known deposits. Mining in the area has often been shallow, carried out by local owners using limited exploration methods.
Pasinex first identified potential at the Sarikaya property two years ago, discovering zinc carbonate outcrops along a 1.2-kilometer fault. Since then, limited mining activities by Aydin Teknik have yielded approximately 550 tonnes of high-grade zinc sulphide material in the last six months. The company believes there is substantial untapped potential, as no drilling has been conducted to determine the depth of the mineralization.
The Sarikaya license, which was granted in September 2019, is set to run until September 2029, and a production permit was issued earlier this year. The area around Sarikaya is also home to other key mining operations, including the Delikkaya and Saim Budin mines, which have produced millions of tonnes of zinc and lead. The presence of infrastructure, including roads and electrical power, enhances the site's viability.
Pasinex sees Sarikaya as a high-potential site. The company plans to carry out exploration and drilling work to establish a resource and, ultimately, to produce high-grade direct shipping ore. Larry Seeley, Executive Chair of Pasinex Resources, highlighted the current high-grade zinc production as a promising indicator of Sarikaya's potential.
