Pasinex Resources Ltd. announced the completion of its first diamond drill hole, PAS-01, at its Golcuk Copper Project located in the Sivas Province of north-central Turkey, together with receipt of assay results for the first 213 m of this drill hole. Drilling of the PAS-01 hole was completed on January 9, 2013, at 342.4m, 42.4m beyond the targeted depth of 300m because of the continued presence of alteration and trace copper mineralization in the core. The borehole, intended to confirm the results of drilling by previous operators, is the first of two holes planned for this phase of exploration at Golcuk.

Pasinex is now in receipt of analytical results for the first 213m of drilling, and announced that copper mineralization has been intercepted in two zones, from 174.7m to 178.2m at 0.54% Cu, and from 194.0m to 203.7m at 2.97% Cu. The second intersection includes 6.7m at 3.7% Cu, which is the best intersection on Golcuk to date, and confirms the presence of strong copper mineralization at Golcuk. Sample lengths for these assays range from 1.0m to 1.5m, and assays were undertaken by SGS Laboratories in Ankara, Turkey.

As expected, these intersections of bornite, chalcopyrite and native copper occur in brecciated andesitic basalt, considered to be Eocene in age, which has undergone strong chlorite, epidote and carbonate alteration. Pasinex will continue to explore the Golcuk property and its surrounds for all styles of copper and related mineralization.