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Pan Global Resources Reports Initial Geophysics Results from the Escacena Project in Spain and Prepares for Drilling
IP and Gravity geophysical survey completed Gravity anomalies and strong IP anomalies ...
About this update from Pan Global Resources Inc.
[{"type":"text","content":"Pan Global Resources Reports Initial Geophysics Results from the Escacena Project in Spain and Prepares for DrillingIP and Gravity geophysical survey completedGravity anomalies and strong IP anomalies detected at the La Romana and Cañada Honda targetsPermitted to drill both targetsVancouver, British Columbia--(Newsfile Corp. - June 14, 2019) - Pan Global Resources Inc. (TSXV: PGZ) (OTC: PGNRF) (the \"Company\") is pleased to announce positive results from induced polarity (\"IP\") and gravity survey lines at the Escacena copper, zinc and gold Project in the Iberian Pyrite Belt, southern Spain. The survey consisted of four gravity survey profiles and three IP profiles. The results confirmed IP anomalies associated with the La Romana and Cañada Honda gravity targets. The company is preparing to mobilize for drilling.Tim Moody, President and CEO of Pan Global Resources commented: \"The new geophysics results at the Escacena Project are what we would hope to see, including strong gravity and coincident IP responses consistent with potential massive and semi-massive sulphide mineralization. We look forward to drilling these targets.\"The Escacena Project is located in the Southeast of the Iberian Pyrite Belt and along strike from the Aznalcollar deposit, currently under feasibility by Grupo Mexico, and First Quantum's operating Las Cruces mine. Pan Global commenced exploration at Escacena following granting of the mineral rights in December, 2018 (see announcement 10-December-2018). The objectives of the geophysics survey were to verify the location and magnitude of the Cañada Honda and La Romana gravity targets and detect potential associated sulphide mineralization. The survey consisted of 4 x 1 km gravity profiles for a total of 91 stations and three IP profiles. This included two gravity profiles and two corresponding IP lines over the Cañada Honda Target and two gravity profiles and one IP line over the La Romana Target. The new gravity results correlate well with the reprocessed 1980's Geoconsult gravity contour images and highlights strong gravity highs at both Cañada Honda and La Romana (Figure 1). The IP data shows strong IP chargeability and resistivity anomalies underlying the gravity peaks on each profile indicating potential massive and semi-massive sulphide mineralization (Figure 2). The company...