ÁGUILAS PROJECT : Current Exploration

Pan Global entered option agreement to acquire 100% of Spanish company Minera Aguila S.L., including the Las Águilas mineral rights, in March 2017. Exploration commenced shortly thereafter.  The Águilas Project location is shown in Figure 1.

 

Exploration to-date has identified potential for high grade Cu associated with hematite-dominant IOCG style quartz-hematite ± carbonate breccia along a >10 km long northeast trending corridor called the Torrubia Trend.  The project area also contains a >20 km series of historical mines on the Zumajo Trend with potential for high grade Pb-Zn-Ag ± Cu-barite-fluorite associated with quartz-carbonate hydrothermal breccia and vein style mineralisation.

Review of historical exploration data, detailed soil geochemistry and/or rock sampling in 2017 identified several Cu and Pb-Zn-Ag targets.  In January 2018, Pan Global announced results for the first soil sample geochemistry on the Zumajo Trend and new results extending the targets on the Torrubia Trend.  A detailed geological interpretation of the project area has also been completed using orthophoto, Lidar topography and multispectral imagery.

Aguilas Project Location Map

Figure 1.  The Águilas Project Location Map

RESULTS TO DATE

Figure 2.  Torrubia Trend Cu Anomalies

Torrubia Trend
  • >200 rock samples and 1600 soil samples

  • Two large high priority exploration targets identified on the Torrubia Trend, including a 3.1 x 0.32 km Cu anomaly at Torrubia-Torrechuela and a 0.6 x 0.32 km Cu anomaly at Cerro Aguilas. The targets include up to 0.69 % Cu in soils and up to 28% Cu, 33% Fe, 1.7g/t Au, 17.5g/t Ag and 0.13% Co in rock samples.

 

  • The targets on the Torrubia Trend show a typical IOCG metal association and have no previous drilling. 

  • New geophysics test lines highlights IP and magnetic high anomalies coincident with the soil copper anomalies.

Las Águilas Project - Torrubia Trend

  • The soil anomalies at San Luis and San Cayetano are coincident with a 1960’s Turam EM conductor anomaly that remains largely untested by previous drilling.

  • IOCG mineralisation identified over 0.5km (open) at Los Lazos in the NW of the project area, with 5 samples returning values from 0.24% to 2.82% Cu, and up to 2.1g/t Ag, 0.03g/t Au, 276ppm Co and 8.24% Fe – confirming potential for IOCG style mineralisation elsewhere in the project area.

  • Numerous targets identified for follow-up from the new geological interpretation, including parallel structures with evidence of ancient mine workings.

  • New geophysics results shows IP/AMT  resistivity and conductor anomalies coincident with the Pb-Zn-Ag mine trend and new targets suggesting potential separate parallel structures.

Zumajo Trend
  • Results on the Zumajo Trend show a potentially significant 1.8 x 0.3 km Pb-Zn-Ag soil anomaly extending from the former San Juan and San Rafael mines and separate Pb-Ag ± Zn soil anomalies extending from the San Luis and San Cayetano mine workings.   

 

  • Results include up to 8.9 % Pb, 0.97 % Zn, 37.9 g/t Ag and 672 ppm Cu in soils and up to >20 % Pb (above upper detection), 20.7 % Zn, 235 g/t Ag and 12.75 % Cu in samples from mine dumps. 

  • The highest Pb, Zn and Ag soil values are attributed mainly to dispersion from the historical mine workings and potential extensions of the mineralisation. 

Figure 3.  Zumajo Trend Pb-Zn-Ag Anomalies

Work Program
  • Geophysics commenced in February, including ground magnetics and radiometrics, and approximately 16 line km of IP and AMT as initial tests to assist with drill hole targeting.

  • Extend sampling on the Zumajo and Torrubia Trends

  • Reconnaissance and follow-up sampling on regional targets

  • Phase 1 drill test approximately 3000 m in Q2 testing Cu and Pb-Zn-Ag targets

  • Phase 2 follow-up drilling in Q3-Q4

 
 
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