TSX.V: PGZ
OTCQB: PGZFF
PAN GLOBAL EXPANDS THE COPPER DISCOVERY AT
ESCACENA AND DRILLS GRADES
UP TO 16.5% CuEq
November 2 2020
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Massive chalcopyrite in consecutive drill holes with exceptionally high grades of 15.1% Cu / 16.5% Cu equivalent (CuEq) which remains wide open
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Near surface copper, tin, silver mineralization extended to the West
Drill Hole Location Map / La Romana Target
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New IP results significantly expand the La Romana target from the recent exceptional high grade drill results to the East
Click here to view complete November 2 2020 News Release
Phase 3 Drill Program Underway
On November 2 2020, Pan Global reported positive results for all seven drill holes from its Phase 3 drill program (LRD09 to LRD15) as well as new geophysics results at the La Romana target in the Escacena Project (see Drill Hole Location Map / La Romana Target). La Romana is located approximately 6km Southwest of the former Aznalcollar open pit mine in the Iberian Pyrite Belt, southern Spain. Results are pending for a further six drill holes (LRD16 to LRD21) and drilling is ongoing.
“The on-going drilling with some very exceptional grades and new geophysics results continue to provide increasing evidence of a large mineralizing system at La Romana. Only a small part of the more than 2 kilometers of strike potential has been tested to date. The new drill results show continuity of the near-surface copper mineralization in the west and the discovery of massive chalcopyrite with very high copper grades. The new geophysics results also opens up significant potential on strike to the east.”
- Tim Moody, President and CEO -
In August 2020, Pan Global commenced a Phase 3 follow-up drill program at the La Romana target at Escacena. The twenty-five hole, 3,500 meter, drill program is designed to test the multi-layer copper potential and significantly expand the copper-tin-silver mineralization intersected in the previous eight drill holes. The program is also expected to test two large down-hole EM conductor plate anomalies and help define vectors to areas of stronger mineralization.
In September 2020, Pan Global announced it had completed drill holes LRD09, LRD10, LRD11, LRD12 and LRD13 for a total 739.5m.
(Photo: Drill core with visible copper mineralization from Phase 3 drill holes LRD-09 and LRD-10)
Visible copper mineralization was intersected in each hole and the company is currently awaiting drill results.
