Pasinex Resources Ltd. (CSE: PSE; FSE: PNX), a Toronto-based mining company focused on zinc exploration and development, has announced the resumption of exploration drilling at its Pinargozu Zinc Mine in Turkiye. This marks the first drilling activity in approximately two years, following the dissolution of the previous joint-venture that managed the mine. On 7 October 2026, drilling commenced at the +410 underground development level, which is progressing towards an area identified through earlier drilling that contains significant mineralization similar to that previously mined.
As of 5 November 2026, the company reported that 207.5 metres of drilling had been completed. The current drilling program is extensive, with plans for approximately 4,000 metres of underground drilling from three stations as the +410 development continues. This initiative aims to test the deeper, down-dip continuation of the sulphide mineralization that has historically supported production at Pinargozu, as well as to follow up on previous drill intersections at the +410 metre level.
The +410 Project is a critical component of Pasinex’s strategy to enhance zinc sulphide production at Pinargozu over time. The planned underground development includes a 700-metre main drift, along with additional drill-station drifts and raises, totalling around 1,000 metres. The first drill station has been prepared, and drilling has been underway since early October. The second and third drill stations will be accessed progressively as development continues.
Additionally, a Teksomak Explorer drill rig has been set up at the +570 level of the +541 Adit to conduct short-hole drilling around previously mined zones. This drilling aims to support production operations by targeting narrow veins and their extensions that have not yet been tested. The results of this drilling will provide valuable insights into the mineralization geometry and aid in the planning of further exploration.
Pasinex Resources, through its subsidiary Horzum A.Ş., operates the Pinargozu mine, which is known for its high-grade zinc production. The company also holds a 100% interest in Aydın Teknik A.Ş., which possesses the Sarıkaya Group IV lead-zinc operating licence in Kayseri Province, Turkiye, and a 51% interest in the Gunman Project, a high-grade zinc exploration project in Nevada. The ongoing exploration and development efforts at Pinargozu are expected to bolster the company’s production capabilities and contribute to its growth in the zinc mining sector.
