Business
Pan Global Reports Ongoing Drill Results from the Escacena Property in Southern Spain / New Geophysics Also Expands the La Romana Target Area
HIGHLIGHTS INCLUDE: Massive chalcopyrite in consecutive drill holes with exceptiona...
About this update from Pan Global Resources Inc.
[{"type":"text","content":"Pan Global Reports Ongoing Drill Results from the Escacena Property in Southern Spain / New Geophysics Also Expands the La Romana Target AreaHIGHLIGHTS INCLUDE:Massive chalcopyrite in consecutive drill holes with exceptionally high grades of 15.1% Cu / 16.5% Cu equivalent (CuEq) which remains wide openNear surface copper, tin, silver mineralization extended to the WestNew IP results significantly expand the La Romana target from the recent exceptional high grade drill results to the EastVancouver, British Columbia--(Newsfile Corp. - November 2, 2020) - Pan Global Resources Inc. (TSXV: PGZ) (OTC: PGNRF) (the \"Company\") is pleased to report positive results for all seven drill holes from the Phase 3 drill program (LRD09 to LRD15) as well as new geophysics results at the La Romana target in the Escacena Project. La Romana is located approximately 6km Southwest of the former Aznalcollar open pit mine in the Iberian Pyrite Belt, southern Spain. Results are pending for a further six drill holes (LRD16 to LRD21) and drilling is ongoing.   Tim Moody, Pan Global President and CEO states: “The on-going drilling with some very exceptional grades and new geophysics results continue to provide increasing evidence of a large mineralizing system at La Romana. Only a small part of the more than 2 kilometers of strike potential has been tested to date. The new drill results show continuity of the near-surface copper mineralization in the west and the discovery of massive chalcopyrite with very high copper grades. The new geophysics results also opens up significant potential on strike to the east.” Mr. Moody added: “In addition to the high-grade copper intervals at depth and along strike, confirmation of wide zones of near surface copper, tin and silver mineralization highlights the size and open-pit bulk mining potential. Also of great significance is that the new geophysics results indicate that the high-grade massive chalcopyrite and associated stock work mineralization extends to near surface and is open for several hundred meters in most directions.” Drill Highlights Include:LRD10 intersected 17.7m at 0.75% CuEq (0.59% Cu, 0.029% Sn, 2.6g/t Ag) from 65.4m, including;7.2m at 1.4% CuEq (1.1% Cu, 0.058 % Sn, 4.7 g/t Ag) from 65.4m, and 1m at 4.14% CuEq (3.56% Cu, 0.097% Sn, 13.3g/t Ag, 0.03g/t ...