Pan Global Resources Inc. (TSXV: PGZ | OTCQB: PGZFF) has secured surface access, clearing the way for exploration and drilling to commence immediately at its Romana West target.
The Romana West target is on-strike from the La Romana copper-tin-silver discovery at the company’s wholly-owned Escacena project in the Iberian Pyrite Belt, southern Spain. The agreement also provides access to several other large untested gravity and heliborne-electromagnetic (HEM) targets within Escacena.
“This access agreement is a significant breakthrough on a largely unexplored part of Escacena and allows exploration to commence immediately on the potential on-strike continuation of the near-surface La Romana copper-tin-silver mineralization at the Romana West target,” said Tim Moody, Pan Global president and CEO.
While the agreement encompasses a several targets, Pan Global has stated that its priority is the Romana West target. The target includes the westward projection of a large gravity anomaly coincident with the La Romana mineralization and indicates potential to extend the La Romana mineralization a further 800 to 1,000m.
The company will commence ground geophysics, including detailed gravity and IP, immediately at its Romana West target, with two drill rigs to be mobilized in the area. Drilling to-date at La Romana shows the mineralization extends over approximately 1.2km of strike and remains wide open to the west in the direction of the historical La Romana mine workings and Romana West target.
Pan Global’s planned drill programme at Romana West includes an initial 25 to 30 drill holes on north-south lines approximately 100m apart to delineate the western extent of the near-surface La Romana mineralization.
Exploration will also expand to the largely unexplored Barbacena, El Pozo, and Romana North targets as part of the ongoing systematic exploration programme to define and prioritize further targets for drill testing.
To find out more, please visit www.panglobalresources.com
