Pan Global Resources Inc. (TSXV: PGZ |OTCQX: PGZFF |FSE: 2EU) announced results for the first drillhole in an 11-hole step out drill programme at the Cañada Honda copper-gold discovery, on the company’s wholly-owned Escacena Project.
The programme is targeting extensions to the Cañada Honda copper-gold mineralization discovered in 2023. Results are pending for two additional completed drillholes.
Tim Moody, president, and CEO, commented, “These are the highest-grade drill intercepts to-date at Cañada Honda, and a very encouraging start to the follow-up drill programme that commenced in November 2023. There is excellent potential to expand the copper and gold mineralization and identify areas of higher grade at this new discovery.”
Highlights from drillhole CHD08:
– 8m at 0.12% Cu, 2.63g/t Au, 0.7g/t Ag from 178m, including 1.35m at 0.68% Cu, 12.4g/t Au, 3.1g/t Ag, 0.09% Co
– 14m at 0.77% Cu, 0.42g/t Au, 4.0g/t Ag from 199m, including 6.8m at 1.48% Cu, 0.65g/t Au, 7.2g/t Ag
The results included massive sulphide mineralization with assays up to 4.76% Cu, 2.12g/t Au, 26.1g/t Ag, and 0.9% Zn over 1m from 207.8m.
The company has reported that the copper and gold mineralization is coincident with downhole electromagnetic (DHEM) targets and remains open and there is potential to significantly expand the mineralization at Cañada Honda with further drill testing of a large (2km x 0.5km) gravity anomaly and extensions to DHEM targets.
“Successful drilling of geophysics targets at La Romana and Cañada Honda underscores the prospect of further discoveries among the numerous other targets in the Escacena Project.” Said Mr. Moody.
To find out more, please visit www.pangobalresources.com
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