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Pan Global Drills 52.6m of 1.0% CuEq from near Surface at Escacena Project, Southern Spain
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2021) - Pan Global Resources Inc. (TSXV...
About this update from Pan Global Resources Inc.
[{"type":"text","content":"Pan Global Drills 52.6m of 1.0% CuEq from near Surface at Escacena Project, Southern SpainVancouver, British Columbia--(Newsfile Corp. - May 19, 2021) - Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) (the \"Company\") is pleased to announce that drilling continues to expand the La Romana copper target at the Escacena Project with significant intercepts of near surface high-grade results. La Romana is located approximately 6km southwest of the former Aznalcollar open pit mine and approximately 15km west of the Las Cruces copper mine, in the Iberian Pyrite Belt, southern Spain.Tim Moody, Pan Global President and CEO states: \"The new drilling continues to expand the open pit target and the copper zone remains wide open in all directions. The new results include an exceptional near surface intercept of greater than 50m-thickness with high copper grades in the eastern strike extension, including an upper interval with high-grade supergene enrichment style chalcocite mineralization. The new results also extend the mineralization down-dip. The simple tabular geometry and moderate dip of the mineralization looks well suited to an open pit.\" Results have been received for an additional four drill holes (LRD38, LRD39, LRD40 and LRD42) at the La Romana target, in the Escacena Project. Drilling is ongoing with assay results pending for an additional eighteen completed holes.Highlights include:52.6m at 1.00% copper equivalent (CuEq) (0.76% Cu, 0.05% Sn, 3.8g/t Ag, 0.01g/t Au) from 42.4m in LRD40, including;26.6m at 1.39% CuEq (1.13% Cu, 0.05% Sn, 5.0g/t Ag, 0.01g/t Au) from 42.4m16m at 0.87% CuEq (0.60% Cu, 0.052% Sn, 4.6g/t Ag, 0.017g/t Au) from 38m in LRD39, including; 10m at 1.25% CuEq (0.84% Cu, 0.07% Sn, 6.5g/t Ag, 0.02g/t Au, 0.013% Co) from 44m, Drill results The latest drill results are from four new holes in the Phase 4 drill program at the La Romana discovery. The drill program is testing extensions of the mineralization in all directions. Drill holes LRD38 and LRD40 tested the eastern extensions of the near-surface copper mineralization. Holes LRD39 and LRD42 targeted down-dip extensions. Copper mineralization was intersected in all four holes, with exceptional results returned from LRD40. Drill hole collar information is provided in Table 1 below. Assay results are summarized in Table 2. Drill hole locations are shown ...