Pan Global Resources Reports Promising Mineralization Results in La Romana and La Pantoja Areas

Pan Global Resources Inc. has made significant strides in its exploration projects with new drill results from the La Romana and La Pantoja sites in southern Spain. Recently reported findings illustrate continued strong VMS-style mineralization, with detailed metrics pointing to copper concentrations that are encouraging for future development.

Key Findings from La Romana

The La Romana site has been a focal point for the company's drilling efforts. The latest drill hole, identified as LRD186, yielded a robust intersection of 8.0 meters with 1.57% copper equivalent, translating to 1.51% copper, 0.02% tin, and 3.6 grams per ton of silver starting from a depth of 123 meters. This hole indicates that the mineralization remains open at depth, suggesting there is potential for further exploration and extraction.

Following up on this, drill hole LRD184 showed a continuous intercept of 16 meters at 0.65% copper equivalent, including a higher-grade section of 8 meters at 1.08% copper equivalent, found starting from 44 meters down. Such results confirm a positive trend in the mineralization characteristics at La Romana, marking a consistent zone of higher-grade mineralization. The ongoing drilling operations aim to assess the full extent of this mineralized zone, which has now been traced over 1.7 kilometers in length.

Discoveries at La Pantoja

In addition to La Romana, Pan Global's drilling at the La Pantoja target has yielded promising results as well. Initial drilling has highlighted a new area of copper-tin mineralization located stratigraphically beneath La Romana. Significant samples from the drill hole LPD01 included 1.35 meters at 1.83% copper equivalent. Another notable intercept identified in hole LPD03 recorded 1.0 meter with an impressive 5.42% copper equivalent.

This promising data further solidifies the company’s expectations for extensive findings beneath La Romana, indicating a potentially vast mineral deposit. With the encouraging electromagnetic survey results being integrated into site assessment strategies, Pan Global anticipates that the exploratory potential at both La Romana and La Pantoja is only just beginning to be realized.

Future Exploration Plans

The company remains committed to advancing its exploration efforts in the Escacena project area. Ongoing drilling at adjacent targets such as Bravo and Providencia promises to unveil additional mineral resources, despite some operational challenges due to weather conditions. Drilling results from these locations are eagerly awaited, with indications of a strong mineral presence based on initial results.

Pan Global's positive positioning is bolstered by the historical mining viability of the Iberian Pyrite Belt, offering a supportive environment for continued exploration with potential for substantial economic returns. The dedicated efforts of the exploration team emphasize safety and environmental stewardship, assuring stakeholders of responsible operations moving forward.

Conclusion

The results from Pan Global Resources underscore a significant opportunity for mineral discovery that could advancing the company's standing within the mining sector. With promising drilling results indicating high-grade copper-tin-silver mineralization, the current drilling campaign is pivotal for the company’s future, as it looks to capitalize on Spain's rich mining history and existing infrastructure. Stakeholders will be closely monitoring further announcements regarding ongoing drilling and any new discoveries that are bound to come forth from this dynamic exploration initiative.