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Pan Global Granted "Al Andaluz" Mineral Rights, Southern Spain
Government authorizes the Al Andaluz Investigation Permit Area permitted for explorat...
About this update from Pan Global Resources Inc.
[{"type":"text","content":"Pan Global Granted \"Al Andaluz\" Mineral Rights, Southern SpainGovernment authorizes the Al Andaluz Investigation Permit Area permitted for exploration in the Escacena Project more than doubles (115% increase)Exploration to begin immediately on several large high priority targets and extensions to the La Romana copper tin discoveryVancouver, British Columbia--(Newsfile Corp. - November 22, 2021) - Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) (\"Pan Global\" or the \"Company\") is pleased to announce that the Regional Government of Andalusia (Junta de Andalucia) has authorised the \"Al Andaluz\" Investigation Permit at the Escacena Project. The permitting of \"Al Andaluz\" significantly expands the area for exploration in the Escacena Project. Al Andaluz is located immediately adjacent to the former Aznalcollar open pit mine and approximately 12km west of the Las Cruces copper mine, in the Iberian Pyrite Belt, southern Spain.Tim Moody, Pan Global President and CEO, states: \"The granting of the Al Andaluz Investigation Permit is a significant step forward for Pan Global. The property hosts several large gravity targets similar to the gravity anomaly associated with our La Romana discovery and has outstanding potential for the discovery of additional large copper deposits (See Figure 1 below). A drill hole with 9.5m at 1.42% Cu by Exxon in 1985 on the edge of one of these gravity anomalies at La Jarosa, confirms this potential. With Al Andaluz now granted and over $15mm in the treasury our plans to immediately commence an aggressive exploration program opens the opportunity to make additional copper discoveries in this highly prospective area.\" INVESTIGATION PERMIT (PERMISO DE INVESTIGACION) GRANTED FROM THE REGIONAL GOVERNMENT OF ANDALUSIA - \"AL ANDALUZ\"The Al Andaluz Investigation Permit (previously referred to as Al Andalus) is granted by the Regional Government of Andalusia (Junta de Andalucia) for an initial period of three years and can be renewed for additional periods. Al Andaluz adds approximately 2,365 hectares to the area now permitted for exploration in the Escacena Project area. This represents a 115% increase to the area which now totals approx. 4,428 hectares. An additional 1,030.5 hectares remains under application (total 5,458.3 hectares). Figure 1 - Escacena Project area, mineral rig...