Pan Global Resources Inc. (TSXV: PGZ | OTC: PGNRF) has commenced drilling at its Romana Deep volcanogenic massive sulphide (VMS) target at the company’s 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain.
The company has planned an initial programme of four widely spaced drill holes to provide the first test of the Romana Deep target.
“Romana Deep is a compelling target featuring a large HEM anomaly extending downdip from Pan Global’s La Romana copper discovery,” said Tim Moody, Pan Global president, and CEO.
Processing and interpretation of Pan Global’s recently completed HEM survey has significantly expanded the previously identified Romana Deep target, which is characterized by a large HEM resistivity low anomaly located down-dip from Pan Global’s near-surface La Romana copper discovery.
The target is also less than 5km southwest of the former producing Aznalcollar open pit copper-zinc mine. The copper-tin mineralization at La Romana also coincides with HEM resistivity low anomalies, which Pan Global has stated provides a further indicator of potential for additional copper mineralization associated with the Romana Deep HEM target.
The target extends northwards from La Romana at a depth of approximately 300m and spans more than 1km east-west. An initial four drill holes, 150 to 350m apart, totalling approximately 2,000m are planned to to test some of the strongest resistivity low anomalies within the broader target area.
“Some of the strongest copper mineralization at La Romana exhibits a similar HEM signature and the copper mineralization remains open in the direction of the Romana Deep target. The first of four planned drill holes has commenced at Romana Deep. In addition, drilling continues to the north at the high priority Zarcita target.” Tim continued.
To find out more, please visit www.panglobalresources.com
