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Pan Global Adds Third Drill Rig and Commences Drilling on Two New Copper Targets at the Escacena Project, Spain
First drill holes commence at the Zarcita and Bravo Norte VMS copper targets Zarcita copp...
About this update from Pan Global Resources Inc.
[{"type":"text","content":"Pan Global Adds Third Drill Rig and Commences Drilling on Two New Copper Targets at the Escacena Project, SpainFirst drill holes commence at the Zarcita and Bravo Norte VMS copper targets Zarcita copper target expanded and number of planned drill holes increased A third drill rig added to test new copper targets Vancouver, British Columbia--(Newsfile Corp. - October 18, 2022) - Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) (\"Pan Global\" or the \"Company\") is pleased to announce that drilling has commenced at the Zarcita and Bravo Norte volcanogenic massive sulphide (\"VMS\") targets at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain. This is the first time these two priority targets have been drill tested.Tim Moody, Pan Global President and CEO, states: \"Zarcita is a significant high priority, 2.5 kilometer long target defined by historic mine workings, soil copper geochemistry, host rock alteration and geophysical anomalies indicative of potential for copper mineralization. Bravo Norte is a large coincident gravity and Induced Polarization (IP) anomaly. Zarcita and Bravo Norte are both within 5km of our La Romana copper-tin discovery and the neighbouring historic Aznalcollar open pit mine. We are very pleased that drilling is now underway at these compelling targets. A third drill rig has also been added and we expect the ongoing systematic exploration will continue to generate more drill targets. Results are also anticipated in the next few weeks from the initial drilling at the La Jarosa, Hornitos and Pilar targets.\"   Figure 1 - Escacena Project gravity anomaly map highlighting the Zarcita and Bravo Norte target locations and other priority targets, including the La Romana discoveryTo view an enhanced version of Figure 1, please visit:https://images.newsfilecorp.com/files/5190/140876_92f26c5864c9caab_001full.jpgThe planned drill holes are part of a 20,000 meter multi-target program exploring for volcanogenic massive sulphide associated deposits of copper and other metals (see news release dated September 28, 2022). The Zarcita and Bravo Norte targets are shown on Figure 1 above.Zarcita TargetThe Zarcita target is located approximately 5 kilometers north of Pan Global's La Romana copper discovery and 5 kilometres west of the former producing Aznalcollar open pit copper-...