The Escacena Project is located in Andalucia, Spain, on the Iberian Pyrite Belt, the world’s premier volcanic hosted massive sulphide district.
Pan Global Resources has a significant land package totalling 5,760 hectares directly adjacent to the +150Mt Aznalcollar, Los Frailes Deposit (Grupo Mexico) and within 12km of the +40Mt Cobre Las Cruces operating mine (FQM).
PGZ is actively exploring 2 targets, the La Romana massive sulphide copper deposit and the Cañada Honda gravity anomaly.
La Romana Target: Drilling Confirms Shallow High Grade Copper and Tin
On October 2019, PGZ reported results for the first three drill holes testing shallow IP chargeability anomalies. Drilling intercepted near surface massive and semi massive sulphide mineralisation at the La Romana Target. Returning 20.55m @ 1.5% Cu equivalent from 37 meters, including 7 meters at 3.43% Cu equivalent. The high copper grades near to surface indicates open-pit potential at La Romana. The Cu intersection in drill hole LRD-02 is coincident with a strong gravity high, IP chargeability anomaly and down-hole EM conductor.
New exploration results reported here include ground gravity, IP, TEM and soil geochemistry surveys. The results are summarized in Figure 1.
Land access was recently agreed and allows follow-up drilling to commence at the La Romana target. A total of five drill holes are planned for a total of 900 meters, testing down dip and along strike from hole LRD-02.
Drilling is expected to commence in February 2020.
La Cañada Honda Target
The new ground gravity surveys include 120 stations on a 200 by 200m grid in the Northwest of the permit area and 115 stations every 50m along lines 250m apart over Cañada Honda and Cañada Alta targets. The results were integrated with historical gravity data. The results enhance the Cañada Honda target and indicate several additional untested gravity anomalies. Further modelling and investigation of these targets is required.
A total of 625 soil samples were collected, including:
127 Soil samples collected over a 2.7 by 1.8 km area, on a 200 by 200m grid at each gravity station in the West of Escacena.
Soil sampling over the Cañada Honda and Encina targets with samples collected every 40m along 100m spaced North-South lines.
Soil sampling over the La Romana gravity target, with samples collected every 40m on 2 North-South lines, 200m apart.
The soil sample results highlight a large lead and zinc anomaly (>200 to 1386 ppm Pb+Zn) over a 1.2 by 0.5 km area at the Encina target with peak values of 755 ppm Zn and 588 ppm Pb. The Pb-Zn anomaly overlies volcanics that dip North beneath a thrust fault towards the Cañada Honda gravity target. The soil geochemistry results also include locally anomalous Cu (up to 405 ppm) and Au (up to 349 ppb) over the Cañada Honda gravity target. The samples were analyzed using a combination of commercial laboratory and Vanta portable XRF.