Pan Global Resources Inc. (TSXV: PGZ) has announced assay results for 14 drill holes from the outer extent of the La Romana copper-tin discovery mineralization at the company’s 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain.
“The new results expand the near-surface copper mineralization at La Romana to the south and continues to indicate the mineralization is wide open along strike and downdip,” said Tim Moody, president and CEO.
While working on remaining access permissions to the west and east of La Romana, Pan Global has placed three drill rigs which are currently turning at new targets in the company’s Escacena Project.
The company has focused one rig on the Romana Deep target, to the north of the La Romana deposit, a second rig has been placed at the Zarcita target approximately 3km north of the La Romana deposit; and a third drill rig has started drilling the first hole on the company’s Cañada Honda gravity target to the southwest of Zarcita.
Drill highlights
- LRD135 – 3.9m at 1.04% Cu and 5.2g/t Ag (new copper horizon, from 149.3m
- LRD139 – 10m at 0.5% Cu, 0.06% Sn and 2.5g/t Ag, including
- 2.5m at 1.3% Cu, 0.17% Sn, 6.6g/t Ag
- LRD136 – 1.9m at 1.9% Cu and 6.7g/t Ag
- LRD132 intersected 18m at 0.4% Cu, 0.02% Sn and 2.0g/t Ag, including
- 0.5m at 2.1% Cu, 0.03% Sn and 12.6 g/t Ag
- 1.35m at 1.3% Cu, 0.05% Sn and 7.2g/t Ag
- LRD130 – 22.5m at 0.3% Cu, 0.02% Sn and 1.1g/t Ag, including
- 0.7m at 2.3% Cu, 0.04% Sn and 8.2g/t Ag; and
- 0.5m at 2.3% Cu, 0.19% Sn and 19.3g/t Ag
The 14 new drill hole assay results include eight holes testing the southern extent of the La Romana mineralization, three holes testing down-dip to the north and three large step-out drill holes along strike to the east of La Romana.
Pan Global has stated that these are the remaining holes from the much larger drill programme completed in 2022 that successfully expanded the La Romana copper and tin mineralization and continues to show the mineralization remains open along strike and downdip.
“These results also highlight a new copper horizon in the hanging wall approximately 100m stratigraphically above the main La Romana mineralization. In addition, large step-out holes confirmed the prospective geology and mineralization continues to the east. As the drilling targeted the edges of known mineralization, these results were largely as expected. Based on our geologic understanding of the mineralization to date, La Romana has excellent potential to grow further with additional drilling planned for 2023. The company is well positioned for a strong exploration program in 2023 with the latest quarterly financial statements showing a balance of C$11.2M.” Tim added.
To find out more, please visit www.panglobalresources.com
