Pan Global Resources Inc. (the “Company”) (TSX-V: PGZ; OTC: PGNRF) is pleased to announce that drilling continues to expand the La Romana copper target at the Escacena Project with significant intercepts of near surface high grade results. La Romana is located approximately 6km southwest of the former Aznalcollar open pit mine and approximately 15km west of the Las Cruces copper mine, in the Iberian Pyrite Belt, southern Spain.
Tim Moody, Pan Global President and CEO states: “The new drilling continues to expand the open pit target and the copper zone remains wide open in all directions. The new results include an exceptional near surface intercept of greater than 50m-thickness with high copper grades in the eastern strike extension, including an upper interval with high grade supergene enrichment style chalcocite mineralization. The new results also extend the mineralization down-dip. The simple tabular geometry and moderate dip of the mineralization looks well suited to an open pit.”
Results have been received for an additional four drill holes (LRD38, LRD39, LRD40 and LRD42) at the La Romana target, in the Escacena Project. Drilling is ongoing with assay results pending for an additional eighteen completed holes.
• 52.6m at 1.00% copper equivalent (CuEq) (0.76% Cu, 0.05% Sn, 3.8g/t Ag, 0.01g/t Au) from 42.4m in LRD40, including;
- 26.6m at 1.39% CuEq (1.13% Cu, 0.05% Sn, 5.0g/t Ag, 0.01g/t Au) from 42.4m
• 16m at 0.87% CuEq (0.60% Cu, 0.052% Sn, 4.6g/t Ag, 0.017g/t Au) from 38m in LRD39, including;
o 10m at 1.25% CuEq (0.84% Cu, 0.07% Sn, 6.5g/t Ag, 0.02g/t Au, 0.013% Co) from 44m,
The latest drill results are from four new holes in the Phase 4 drill program at the La Romana discovery. The drill program is testing extensions of the mineralization in all directions.
Drill holes LRD38 and LRD40 tested the eastern extensions of the near-surface copper mineralization. Holes LRD39 and LRD42 targeted down-dip extensions. Copper mineralization was intersected in all four holes, with exceptional results returned from LRD40.
PAN GLOBAL PRESENTING at the
VIRTUAL METALS INVESTOR FORUM I May 20, 2021
Please join Pan Global Resources President and CEO, Tim Moody, at the Virtual Metals Investor Forum this Thursday, May 20th at 11:50AM PST. Pan Global continues to enjoy excellent news in 2021, with outstanding drill results reported from its flagship property, La Escacena, located in the prolific Iberian Pyrite Belt in Southern Spain. We are currently awaiting drill results and expanding our Phase 4 drill program.
“A NEW COPPER DISCOVERY IN SOUTHERN SPAIN”
Presented by Tim Moody, President & CEO
Thursday, May 20, 2021
11:50 AM Pacific Standard Time (PST)
View Virtual Forum Agenda
To register please Click Here
IWA is a shareholder of Pan Global Resources.
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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