Pan Global's Drill Results Highlight Significant Mineralization at La Romana and La Pantoja in Southern Spain

Promising Drill Results from Pan Global in Southern Spain

Pan Global Resources Inc. has recently announced exciting drilling outcomes from its targets La Romana and La Pantoja, situated within the Iberian Pyrite Belt in southern Spain. These findings are instrumental for the company as they affirm the presence of significant mineralization, indicating a strong potential for future resource development.

Overview of Drill Results

In their latest assessment, Pan Global reported successful step-out drill results from La Romana, revealing a notable intercept of 8.0 meters at 1.57% copper equivalent (CuEq), which comprises 1.51% copper, 0.02% tin, and 3.6 g/t silver. This result is promising as it indicates continuity of the high-grade mineral zone, extending northwest beyond the initially estimated horizons. These steps mark a critical continuation of exploration at La Romana, reinforcing the notion that mineralization remains open both laterally and at greater depths.

The drillhole LRD186 serves as a significant highlight of the exploration efforts, providing detailed insights into the mineral grading that validates the high potential of the area. Moreover, the recent exploration drillings across various sections have indicated various grades and substantial lengths of copper, tin, and silver mineralization.

But that’s not all. Initial drilling at the La Pantoja target, located just west of La Romana, has also produced notable findings. Drillhole LPD01 intersected a mineralized section of 1.35 meters at 1.83% copper equivalent, illustrating the interconnected mineral potential beneath La Romana. The assays from La Pantoja underscored an encouraging reveal of copper-tin mineralization and extensive related mineral alteration, suggesting further exploration potential.

Expansion Potential

Pan Global’s ongoing drilling program underscores a strategic endeavor to expand its successful exploration. The data sourced from their ongoing campaigns at La Romana and La Pantoja elucidates a mineralized trend reaching over 1.7 kilometers in strike length. The inclusion of downhole electro-magnetic geophysics (DHEM) points to exciting prospects for deeper exploration, indicating the likelihood of overlapping mineralization at considerable depths.

Employee Tim Moody, the President and CEO of Pan Global, expressed enthusiasm about the new findings, stating, "These results confirm the copper-tin corridor at La Romana is still open to the northwest, and these new zones suggest future discoveries are indeed possible at the Escacena Project."

The interest in both La Romana and La Pantoja reflects Pan Global's understanding of the critical supply-demand relationship surrounding copper and tin, particularly given the forecast for sustained high commodity prices amid global electrification efforts.

Next Steps in the Exploration Journey

With drilling events underway at the Bravo target, 1 kilometer east of La Romana, the company is focused on making further strides in their exploration endeavors. The support garnered from the geophysical signatures observed in La Pantoja is expected to facilitate broader insights into the mineral potential across the region.

The ongoing drilling program not only showcases a meticulous approach to resource extraction but also highlights a commitment to sustainable mining practices and community partnerships. Pan Global’s operational strategy aligns with its ambitions to be a key player in the burgeoning market for strategic metals.

In conclusion, as the drilling continues, stakeholders eagerly await the results that could affirm Pan Global Resources as a significant contributor to the Iberian mining sector. The insights derived from La Romana and La Pantoja will undoubtedly pave the way for further resource definitions and potential associated economic benefits for the local communities.