Pasinex Resources (TSX-V:PSE) has completed the sale of approximately 525 tonnes of ‘high-grade’ zinc sulphide material from its Pinargozu mine in Türkiye.
The sale completes a tender process announced on 6 August 2026 and was sold to an international buyer. The material contained 46.20% zinc (Zn), 228 parts per million (ppm) germanium (Ge), and 86.0g/t silver (Ag).
The company’s previous sale in January demonstrated final assays of 50.15% Zn, 272ppm Ge, and 95.1g/t Ag.
Applying September reference prices to the assay results gives a theoretical gross contained metal value of approximately US$4,300 ($6,067.47) per tonne, comprising US$1,843 of zinc, US$2,280 of germanium, and US$177 of silver.
Pasinex notes most zinc smelters worldwide are not equipped to recover silver and germanium, meaning realised amounts will be lower than theoretical value.
Executive Chairman Larry Seeley says the sale represents another important step in building a consistent market for ‘high-grade’ material produced at Pinargozu.
“We are particularly encouraged by the combination of high zinc grades and recurring germanium and silver content demonstrated in our recent sales,” Seeley says.
“The significant contained value of germanium highlights an opportunity that has historically received limited recognition in the pricing of our material.
“Our objective is not only to increase the tonnes we produce, but also to maximise the value we receive from every tonne by developing relationships with customers and processors capable of recognising these additional metals.”
The company reports that mine production has commenced at nine different levels from both new and established production areas. On-site stockpiles have increased to approximately 110 tonnes of ‘high-grade’ zinc sulphide material and 125 tonnes of ‘high-grade’ zinc oxide material.
Pasinex is preparing approximately 125 tonnes of zinc oxide material for crushing and independent sampling for a September-October sale, with monthly zinc oxide sales forecast going forward.
Development at the 663-plus level has reached the mineralised zone previously intersected by drilling, with ground support work being completed ahead of planned production. At the 685-plus level, development toward another production area has progressed with drainage and ground support work underway.
Pasinex Resources is a zinc–focused mining company that explores, develops, and produces zinc, lead, silver, and germanium properties in Türkiye and Nevada, US.
Write to Paula Fabe at Mining.com.au
Images: Pasinex
