Brief: Pasinex Announces Option To Acquire 80% Of The Gunman High Grade Zinc (Silver) Project In Nevada

Pasinex Resources

07/12/2017 12:00

Dec 7 (Reuters) - Pasinex Resources Ltd  PSE.CD : 
    * PASINEX ANNOUNCES OPTION TO ACQUIRE 80% OF THE GUNMAN HIGH 
GRADE 
ZINC (SILVER) PROJECT IN NEVADA AND SUBSTANTIALLY INCREASES THE 
SURROUNDING GROUND HOLDING 
    * PASINEX RESOURCES- THROUGH UNIT, ENTERED OPTION AGREEMENT 
WITH 
CYPRESS DEVELOPMENT, SILCOM SYSTEMS TO EARN UP TO 80% INTEREST 
IN GUNMAN ZINC PROJECT 
    * PASINEX RESOURCES LTD - OPTION AGREEMENT'S TOTAL 
CONSIDERATION 
TO ACQUIRE 80% INTEREST IS STAGED OVER FOUR YEARS AND IS 
APPROXIMATELY US$1.5 MILLION 
    * PASINEX RESOURCES LTD - OPTION AGREEMENT'S TOTAL 
CONSIDERATION 
IS  PAYABLE IN A COMBINATION OF CASH AND PASINEX COMMON SHARES 
 
Source text for Eikon:  ID:nCCNzVc6Ga  
Further company coverage:  PSE.CD  
 
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