Adds Drill Holes At La Romana Target
Pan Global Resources Inc. (TSXV: PGZ) has obtained excellent results from an additional three drill holes from the Phase 3 drill programme at the La Romana target, in the Escacena Project in Southern Spain.
President and CEO, Tim Moody, said results are pending for a further eight drill holes and five additional holes will test new geophysics targets up-dip of recent very high-grade massive sulphide drill intersections. La Romana is located approximately 6km southwest of the former Aznalcollar open pit mine in the Iberian Pyrite Belt, southern Spain.
“The latest drill results continue to show excellent continuity of the high-grade copper mineralisation both down dip and along strike coincident with a large downhole EM conductor in the west of La Romana,” Mr Moody said.
“The copper mineralisation is wide open in this area and further drilling is now being planned to continue to test the extent of this zone. High tin content is again present and shows potential to add significant value whilst also providing further evidence of a large mineralizing system.”
“Five drill holes have been added to complete the current Phase 3 drill programme. These holes are aimed at testing up-dip of the recent high-grade massive chalcopyrite intersections and target potential thicker zones of mineralisation closer to surface associated with large high priority geophysics anomalies in the east of the target area.
“With our current strong treasury position we are very well financed to complete all current planned drilling and expand on the current programs following these recent results.”
Highlights:
- 10m at 1.02% CuEq (0.75% Cu, 0.063% Sn, 3.4g/t Ag) from 99m, including; 4.5m at 1.66% CuEq (1.3% Cu, 0.051 % Sn, 5.2 g/t Ag) from 105m, and 2.5m at 2.5% CuEq (2.1% Cu, 0.086% Sn, 8 g/t Ag) from 107m
- 24.4m at 1.03% CuEq (0.74% Cu, 0.066% Sn, 3.7 g/t Ag) from 91.6m, including; 11.5m at 1.57% CuEq (1.24% Cu, 0.069% Sn, 5.5 g/t Ag) from 94m
- 21.6m at 1.02% CuEq (0.62% Cu, 0.11% Sn, 3.2 g/t Ag) from 93.4m, including; 5.8m at 1.42% CuEq (1.13% Cu, 0.053% Sn, 5.3g/t Ag) from 99m.
Mr Moody said the new drill results show continuity of a thick zone of high-grade copper, tin and silver mineralisation both down-dip and along strike in the west.
Potential continuation of the copper mineralisation in several directions is indicated by down-hole electromagnetic (DHEM) conductor and IP chargeability anomalies.
