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Pan Global Resources Intersects Massive Chalcopyrite in Two New Drill Holes at the Escacena Project, Spain
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2020) -   Pan Global Resourc...
About this update from Pan Global Resources Inc.
[{"type":"text","content":"Pan Global Resources Intersects Massive Chalcopyrite in Two New Drill Holes at the Escacena Project, SpainVancouver, British Columbia--(Newsfile Corp. - September 29, 2020) -  Pan Global Resources Inc. (TSXV: PGZ) (OTC: PGNRF) (the \"Company\") is pleased to report the ongoing Phase 3 drill program is continuing to intersect copper mineralization at the La Romana copper target in the Escacena Project, Iberian Pyrite Belt, southern Spain. As reported in the Press Release of September 8, 2020, the first five drill holes of the current program all returned visual copper mineralization. Of significance, the next two recently completed drill holes (LRD14 to LRD15) have intersected massive chalcopyrite mineralization within a broad zone of stockwork pyrite-chalcopyrite mineralization. Hole LRD014 intersected the massive chalcopyrite at a down hole depth of 224.1m (See Photo 1 below). Hole LRD015 was then drilled down dip to test the potential continuity of the massive chalcopyrite zone. Hole LRD15 again intercepted massive chalcopyrite at a down hole depth of 225.9m (See Photo 2 below). Both intercepts are being sent to the laboratory and assay results are awaited. Down-hole geophysics is also planned following the recent drill holes.Tim Moody, President and CEO of Pan Global commented: \"The intersections of massive chalcopyrite mineralization in the two new drill holes is highly encouraging as we continue to expand the La Romana target. Every hole drilled on the property to date has intercepted visual copper over wide intervals, but these massive chalcopyrite intercepts could be very significant in terms of exploration potential.\" Mr. Moody added: \"Whilst we are awaiting assay results, the exploration continues to show excellent potential for a significant new copper deposit commencing near to surface and wide open in several directions. On the strength of the results of the new drilling, additional drill holes are now being planned and preparations are being made to add a second drill rig.\"The Company has completed seven drill holes (LRD09 to LRD15) as part of the Phase 3 drill program for a total of 1377.95m. The program envisages approximately twenty-five drill holes and 3,500m aimed at expanding the copper mineralization along strike, up and down dip from the previous drilling. Each of the drill holes has intersected vis...