Pasinex Resources Limited provided an update on its exploration and development activities for the Company?s 50% interest in Horzum Maden Arama ve Isletme Anonim Sirketi, which holds the producing Pinargozu high grade zinc mine in southern Turkey (?Horzum AS? or ?Joint Venture?). Development work on the Fourth-Adit accelerated in August once the water table ahead of the advancing face had been reduced from the 625-metre level to the 541-metre level. The amount of water being drained through boreholes is reduced substantially and is allowed to drain down the Fourth-Adit before being captured in a series of settling ponds at the portal before discharge into the environment. Permits had been received to allow discharge following testing of the water quality that demonstrated it was of potable quality. Developing the Fourth-Adit faced many challenges including very unstable ground at the portal that necessitated the use of steel arch supports with timber backfilling and the ingress of water. These challenges had been anticipated and planned for which has enabled the driving of the Fourth-Adit to have been accomplished in very safe working conditions. Once the grey limestone was intersected, the ground conditions became much better, which allowed the use of split sets of roof anchors with wire mesh and faster rates of advance. Zinc sulphide mineralization was intercepted some 30-metres earlier than had been anticipated from earlier exploratory drilling. These intercepts ranged from two metres to over 30 metres and drilling from the Fourth-Adit has shown that mineralization continues beneath the 541-metre level. Planning will start in 2022 to develop levels below the 541-metre level that will allow for production into late 2022 and 2023 from the zinc sulphide anomaly that has been encountered deeper in Pinargozu. Crosscuts have been completed in the main section of the Fourth-Adit to allow for a deeper drill program and to allow the mining of the mineralized material to commence. The Fourth-Adit has been connected to the 625-metre level via the development of a raise from the 541-metre level to provide a second egress to meet mining law requirements. With the second access point in place, the Ministry of Mines has now given their approval for mining to start in the Fourth-Adit. All required permits have now been received. Mining of zinc sulphide product started on the 625-metre level as the water table fell and limited shipments were made in September and October together with some zinc sulphide product from the development of the Fourth-Adit, to test the interest of buyers of the zinc sulphide product. Please see the Company?s website for several photos and schematics from the recent exploration and development program at Pinargozu. The below schematics provide views of the Pinargozu mine and the Fourth Adit. The Joint Venture recently applied to convert its exploration license at its Akkaya property to an operational license. This conversion has been accepted by the mining department in Turkey (MAPEG) and the Joint Venture is now waiting for the issuance of the official operational license, which is expected to be received soon. Once received, the Joint Venture will have three years to convert the operational license to an operational permit. In order to receive the operational permit, the Joint Venture must obtain all essential permits including forestry and working permits according to the mining laws and completion of an environmental impact assessment. It is now planned to continue the Fourth-Adit a further 400 to 500 metres, over the next year, into the Akkaya license where similar marble formations and anomalous zinc mineralization has been discovered by surface drilling. Continued drilling of Akkaya from above ground is not feasible because of the surface topography. By accessing Akkaya from underground, the drilling program will be further expanded to test the property.