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Pan Global Resources Announces Commencement of Drilling at Escacena and Reports New Exploration Results
Drilling commenced testing shallow IP targets at the Escacena Project Channel sampling ...
About this update from Pan Global Resources Inc.
[{"type":"text","content":"Pan Global Resources Announces Commencement of Drilling at Escacena and Reports New Exploration ResultsDrilling commenced testing shallow IP targets at the Escacena ProjectChannel sampling in the Cañada Honda mine tunnel in the Escacena Project returned 26 meters @ 0.43 g/t Au and values up to 2.91 g/t Au and 0.39% CoSoil sampling shows a Au-Cu-Co anomaly (up to 0.35 g/t Au, 405ppm Cu and 95ppm Co) extending >500m, East and West of the Cañada Honda mine tunnel and a 700m long East-West Pb-Zn anomaly (up to 505ppm Pb and 400ppm Zn) in the volcanic sequence immediately to the South.At the Aguilas Project, new soil sampling on the Zumajo trend has extended the San Rafael-Dos Centimos Pb-Zn-Ag target a further 800m east of drill hole VAC-006 giving a total 2.4 km strike potentialA new Pb-Zn-Ag target has been identified at Mataspuercas approximately 1 km North of the Zumajo trend, with soil sampling so-far highlighting a 700 x 150m anomaly with values up to 3090ppm Pb and 493ppm Zn (open)The Aguilas V mineral right was granted giving access to the high priority Northwest extension of the Zumajo Trend, with high sphalerite content indicated in historical mine dumps (grab samples up to 4.9% Pb, >30% Zn, 14.1% Cu and 34 g/t Ag)Vancouver, British Columbia--(Newsfile Corp. - July 31, 2019) - Pan Global Resources Inc. (TSXV: PGZ) (OTC: PGNRF) (the \"Company\") is pleased to report drilling has commenced at the Escacena copper, zinc and gold Project in the Iberian Pyrite Belt, southern Spain. The company is also pleased to provide an exploration update following recent sampling at the Escacena and Aguilas Projects.Commencement of drilling at EscacenaFollowing an initial IP and Gravity survey, the company confirmed the La Romana and Cañada Honda gravity anomalies and highlighted several high chargeability and low resistivity targets. The initial three diamond drill holes will test the shallow parts of the IP chargeability/resistivity anomalies, including 2 holes La Romana and 1 hole Cañada Honda. The drilling is expected to take approximately 3 weeks to complete. Additional geophysics is planned to further delineate the IP targets along strike and at depth prior to deeper drilling on the main gravity anomalies.Cañada Honda mine tunnel channel samplingAn ancient mine tunnel, thought to be Roman age, was accesse...