Business
Pan Global Expands La Romana Deposit and Intersects 3.9 Meters of 1.04% Copper and 5.2 g/t Silver in New Upper Horizon
New copper horizon intersected 100 meters above the main La Romana mineralization Near-surfac...
About this update from Pan Global Resources Inc.
[{"type":"text","content":"Pan Global Expands La Romana Deposit and Intersects 3.9 Meters of 1.04% Copper and 5.2 g/t Silver in New Upper HorizonNew copper horizon intersected 100 meters above the main La Romana mineralization Near-surface copper mineralization expanded to the south Polymetallic massive sulphides intersected in step-outs to the east Vancouver, British Columbia--(Newsfile Corp. - December 14, 2022) - Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF)  (\"Pan Global\" or the \"Company\") is pleased to announce assay results for 14 drill holes from the outer extent of the La Romana copper-tin discovery mineralization at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain.\"The new results expand the near-surface copper mineralization at La Romana to the south and continues to indicate the mineralization is wide open along strike and downdip,\" said Tim Moody, Pan Global President and CEO. \"These results also highlight a new copper horizon in the hanging wall approximately 100 meters stratigraphically above the main La Romana mineralization. In addition, large step-out holes confirmed the prospective geology and mineralization continues to the east. As the drilling targeted the edges of known mineralization, these results were largely as expected. Based on our geologic understanding of the mineralization to date, La Romana has excellent potential to grow further with additional drilling planned for 2023. The company is well positioned for a strong exploration program in 2023 with the latest quarterly financial statements showing a balance of CAD$ 11.2 million.\"While working on remaining access permissions to the west and east of La Romana, three drill rigs are turning at new targets in the Escacena Project. One rig is currently focused on Romana Deep to the north of the La Romana deposit; the second rig at the Zarcita target approximately 3km north of La Romana; and a third drill rig has begun drilling the first hole on the Cañada Honda gravity target to the southwest of Zarcita. Drill highlights - La Romana LRD135 - 3.9m at 1.04% Cu and 5.2g/t Ag (new copper horizon, from 149.3m)LRD139 - 10m at 0.5% Cu, 0.06% Sn and 2.5g/t Ag, including 2.5m at 1.3% Cu, 0.17% Sn, 6.6g/t AgLRD136 - 1.9m at 1.9% Cu and 6.7g/t AgLRD132 intersected 18m at 0.4% Cu, 0.02% Sn and 2.0g/t Ag, including 0.5m at 2....