Pan Global Resources Inc. (TSXV: PGZ | OTCQX: PGZFF | FSE: 2EU) has received results for nine new drillholes from the La Romana copper-tin-silver (Cu-Sn-Ag) discovery in the company’s 100% owned Escacena Project in the Iberian Pyrite Belt.
The drill holes are part of a 25-hole programme aimed at delineating the western extension of the La Romana deposit.
Tim Moody, president, and CEO, commented, “These drill results highlight a significant new zone of higher-grade copper at La Romana that remains wide open to the northwest. Drilling continues to grow the La Romana deposit, demonstrating good continuity of the mineralization over 1.4km strike length, and from surface to more than 200m down-dip.”
The company has stated that the near surface copper mineralization is extended more than 50m west and is now continuous for a total strike length of 1.4km, remaining open for further expansion along strike to the northwest and down-dip.
Further, a new higher-grade sector has been identified with grades ranging as high as 7.7% copper over 1.7m. This mineralization is coincident with a 290m x 90m down-hole electromagnetic (DHEM) target, providing a strong guide to potential extensions for future drilling.
Drilling highlights include:
- LRD173: 9.7m at 1.69% CuEq (1.61% Cu, 0.02% Sn, 3.8g/t Ag) from 99m, including 5.7m at 2.70% CuEq (2.58% Cu, 0.03% Sn, 6.2g/t Ag)
- LRD177: 8m at 1.48% CuEq (1.21% Cu, 0.10% Sn, 1.5 g/t Ag) from 55m, including 3.4m at 2.85% CuEq (2.72% Cu, 0.04% Sn, 3.2g/t Ag)
- LRD179: 18.1m at 0.65% CuEq (0.61% Cu, 0.01% Sn, 1.5g/t Ag) from 108m, including 6.1m at 1.50% CuEq(1.42% Cu, 0.02% Sn, 3.5g/t Ag)
“We look forward to resuming drilling shortly and advancing the growing pipeline of high priority exploration targets in the Escacena Project, particularly the copper/gold discovery at Cañada Honda and high-priority Bravo target following access,” said Tim Moody, President and CEO of Pan Global.” Said Moody.
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