Business
Pan Global Commences Airborne Survey over Escacena Project and Adds Drill Holes at the La Jarosa Target
High resolution electromagnetic and magnetic survey commences targeting VMS-style mineraliz...
About this update from Pan Global Resources Inc.
[{"type":"text","content":"Pan Global Commences Airborne Survey over Escacena Project and Adds Drill Holes at the La Jarosa TargetHigh resolution electromagnetic and magnetic survey commences targeting VMS-style mineralizationFirst drill hole completed at La Jarosa target and additional holes planned New high priority target identified at Zarcita with coincident Cu Pb Zn soil geochemistry anomaly and alteration over 1.3m of strikeVancouver, British Columbia--(Newsfile Corp. - February 23, 2022) - Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) (\"Pan Global\" or the \"Company\") is pleased to announce commencement of a high resolution helicopter borne Time Domain Electromagnetic and Magnetic survey over the company's 100%-controlled mineral rights in the Escacena project, in the Iberian Pyrite Belt, southern Spain. The survey is designed to detect potential Volcanic Hosted Massive Sulphide (VMS) style mineralization typical of the Iberian Pyrite Belt. Drilling, gravity and soil geochemistry surveys are also progressing concurrently across a range of targets in the Escacena project area. The first drill hole has been completed at the La Jarosa target approx. 4km northeast of La Romana. Preliminary portable XRF soil geochemistry results highlight the presence of a strong copper-lead-zinc anomaly over the Zarcita target located approx. 4km north of La Romana. Tim Moody, Pan Global President and CEO states: \"We are excited to have commenced the airborne survey over the Escacena project area to identify and prioritise base metal targets. This is a proven geophysical method for identifying potential VMS style mineralization in the region. With our recent and ongoing drilling success, we are confident the potential for further significant discoveries at Escacena.\" Mr. Moody added: \"The company recently commenced drilling at the La Jarosa copper target and has added follow-up drill holes. The new soil geochemistry results at Zarcita are very encouraging and indicate potential for near surface mineralization coincident with a zone of alteration continuous over 1.3 km of strike. Results are also pending for a further 23 holes completed at the La Romana copper discovery. We look forward to providing further updates on the wider exploration program whilst continuing to advance drilling at the La Romana copper discovery.\" Helicopter borne Electromagnetic a...