Pan Global Resources Confirms Copper Intersections and New Discoveries in Southern Spain
Pan Global Resources Inc. has reported promising results from its drilling activities at the La Romana and La Pantoja targets, located in the Escacena project in southern Spain. The company, which trades on the TSXV under the symbol PGZ, has highlighted the discovery of significant mineral deposits in its most recent drill targeting efforts.
The latest drilling results from La Romana confirm the presence of a strong VMS (volcanogenic massive sulfide) style mineralization, which extends in a northwest direction. Specifically, drill hole LRD186 has returned noteworthy findings, including 8.0 meters of mineralization with 1.57% CuEq (composed of 1.51% copper, 0.02% tin, and 3.6 g/t silver). The results from this drill hole reinforce the continuity and potential for higher-grade mineralization at depth.
In addition, drill hole LRD184 revealed 16.0 meters at 0.65% CuEq, including a higher-grade section of 8.0 meters at 1.08% CuEq. This indicates a robust area of mineralization that can support the project’s long-term development plans.
The drilling program at La Romana aims to explore the westward extension of the high-grade copper zone, with results suggesting that the mineralized trend could extend over 1.7 km. The electromagnetic surveys conducted have identified an unexplored anomaly that could represent an additional opportunity for mining expansion.
Simultaneously, initial drilling at La Pantoja has highlighted the potential for new copper-tin-silver mineralization below La Romana. The first drill hole at this site (LPD01) intercepted 1.35 meters of material grading 1.83% CuEq, clearly indicating a previously unrecognized mineral zone beneath the established areas. Additionally, LPD03 returned a remarkable 1.0 meter grading 5.42% CuEq, signaling a robust mineral presence in the area.
These results underscore the encouraging potential at La Pantoja, which is positioned strategically close to La Romana. The geological indicators suggest that the mineralization characteristics align closely with those found at La Romana, further validating the prospectivity of this target.
The Escacena project, encompassing a substantial land package of 5,760 hectares, is entirely owned by Pan Global and lies within the rich Iberian Pyrite Belt. It hosts various promising targets, including Bravo and Barbacena, in addition to La Romana and La Pantoja. The region's historical mining success and rich geology present a compelling opportunity for new resource discoveries.
Pan Global’s management expressed their excitement regarding the findings, highlighting their commitment to conducting further exploration to expand the defined mineral resources. The company aims to leverage state-of-the-art geophysical tools and continue its drilling program to investigate additional targets across its extensive land holdings.
With copper, tin, and silver projected to remain significant for global energy transition efforts, Pan Global’s advancements in these rich mineral zones align with the increasing demand for these critical resources. The ongoing drilling initiatives are anticipated to yield additional results in the coming weeks, further illustrating the extensive potential beneath the surface at the Escacena project.
Overall, Pan Global Resources Inc. is steadily emerging as a promising player in the mining sector of Southern Spain, executing a strategy that not only validates previous discoveries but also paves the way for future exploration successes.
Encouraging Results from La Romana
The latest drilling results from La Romana confirm the presence of a strong VMS (volcanogenic massive sulfide) style mineralization, which extends in a northwest direction. Specifically, drill hole LRD186 has returned noteworthy findings, including 8.0 meters of mineralization with 1.57% CuEq (composed of 1.51% copper, 0.02% tin, and 3.6 g/t silver). The results from this drill hole reinforce the continuity and potential for higher-grade mineralization at depth.
In addition, drill hole LRD184 revealed 16.0 meters at 0.65% CuEq, including a higher-grade section of 8.0 meters at 1.08% CuEq. This indicates a robust area of mineralization that can support the project’s long-term development plans.
The drilling program at La Romana aims to explore the westward extension of the high-grade copper zone, with results suggesting that the mineralized trend could extend over 1.7 km. The electromagnetic surveys conducted have identified an unexplored anomaly that could represent an additional opportunity for mining expansion.
New Discoveries at La Pantoja
Simultaneously, initial drilling at La Pantoja has highlighted the potential for new copper-tin-silver mineralization below La Romana. The first drill hole at this site (LPD01) intercepted 1.35 meters of material grading 1.83% CuEq, clearly indicating a previously unrecognized mineral zone beneath the established areas. Additionally, LPD03 returned a remarkable 1.0 meter grading 5.42% CuEq, signaling a robust mineral presence in the area.
These results underscore the encouraging potential at La Pantoja, which is positioned strategically close to La Romana. The geological indicators suggest that the mineralization characteristics align closely with those found at La Romana, further validating the prospectivity of this target.
Project Overview and Future Plans
The Escacena project, encompassing a substantial land package of 5,760 hectares, is entirely owned by Pan Global and lies within the rich Iberian Pyrite Belt. It hosts various promising targets, including Bravo and Barbacena, in addition to La Romana and La Pantoja. The region's historical mining success and rich geology present a compelling opportunity for new resource discoveries.
Pan Global’s management expressed their excitement regarding the findings, highlighting their commitment to conducting further exploration to expand the defined mineral resources. The company aims to leverage state-of-the-art geophysical tools and continue its drilling program to investigate additional targets across its extensive land holdings.
With copper, tin, and silver projected to remain significant for global energy transition efforts, Pan Global’s advancements in these rich mineral zones align with the increasing demand for these critical resources. The ongoing drilling initiatives are anticipated to yield additional results in the coming weeks, further illustrating the extensive potential beneath the surface at the Escacena project.
Overall, Pan Global Resources Inc. is steadily emerging as a promising player in the mining sector of Southern Spain, executing a strategy that not only validates previous discoveries but also paves the way for future exploration successes.
Topics Heavy Industry & Manufacturing）
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