Pan Global Resources Inc. (TSXV: PGZ | OTCQX: PGZFF) has received assay results for an ongoing drill programme, focused on testing extensions to the La Romana copper-tin-silver discovery at the Escacena Project in the Iberian Pyrite Belt, southern Spain.
Tim Moody, president, and CEO, said, “Drilling at Romana West commenced within weeks of being granted surface access. 12 of our planned 25 drill holes have been completed and assay results for the first six are very encouraging. Our drill programme has been highly successful, confirming continuity of the copper-tin-silver mineralization 150m to the west of the La Romana discovery. The overall strike length of La Romana is now 1.35km and is still open, with step-out drilling continuing farther to the west. Results to date show the potential for grades to increase to the west.”
Key highlights of the first six drill holes include:
- LRD162 intercepted 17m at 0.65% CuEq (0.4% Cu 0.13% Sn, 1.1g/t Ag) from 50.0m, including 6m at 1.24% CuEq (0.5% Cu, 0.29% Sn, 1.5g/t Ag)
- LRD166 intercepted 14.5m at 0.75 % CuEq (0.36% Cu, 0.15% Sn, 1.2g/t Ag from 7.5m, including 5m at 1.06% CuEq (0.48% Cu, 0.21% Sn, 2.0g/t Ag)
- LRD164 intercepted 16m at 0.70% CuEq1 (0.52 % Cu, 0.06 % Sn, 1.6g/t Ag) from 37.0m, including 3m at 1.38% CuEq (1.06% Cu, 0.11% Sn, 3.9g/t Ag)
Pan Global explains that the Romana West mineralization exists in two main layers, Zone B, and Zone C, situated below a thin cover of post mineral sediments. Sulphide mineralization was intersected in all holes at depths that were predicted from historical drilling and geology data.
Pan Global will continue the drill programme to test the near surface La Romana mineralization a further 350m along strike to the west.
To find out more, please visit www.panglobalresources.com
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