Pan Global Drills 6.7m at 3.1% Copper and 17.5g/t Silver at La Romana, Escacena Project, Southern Spain 6.7m at 3.1% Cu, 17.5g/t Ag, including 2.95m at 6.2% Cu, 0.04% Sn, 36.8g/t Ag, 0.12g/t Au plus additional near surface high grade copper intervals
Pan Global Drills 6.7m at 3.1% Copper and
17.5g/t Silver at La Romana, Escacena Project,
Southern Spain
6.7m at 3.1% Cu, 17.5g/t Ag, including 2.95m at 6.2% Cu, 0.04% Sn, 36.8g/t Ag, 0.12g/t Au
plus additional near surface high grade copper intervals
La Romana mineralization remains wide open in several directions
Copper mineralization and wide zone of alteration confirmed at satellite IP anomaly north
of La Romana
Additional 20 drill holes planned to further expand the La Romana target
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2022) -
Pan Global Resources Inc. (TSXV: PGZ)
(OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce new drill results and the
expansion of the La Romana target area ("La Romana") at the Escacena Project ("Escacena") in the
Iberian Pyrite Belt, southern Spain. Exploration is also in progress on new targets in the surrounding
area with drilling also ongoing at the La Jarosa target ("La Jarosa"), located approx. 4km northeast of La
Romana.
Tim Moody, Pan Global President and CEO states: "The latest results further confirm the copper
mineralization at La Romana remains wide open to the west from near surface and also down dip.
Results for drill hole LRD114 included an excellent high-grade intersection which highlights the potential
for additional high grade in the east. We are mobilizing a second drill rig to recommence drilling at La
Romana where we have a further twenty drill holes planned."
Mr. Moody added: "An extensive exploration program is also in progress on multiple new targets at
Escacena, with results pending for the recently completed high resolution heliborne electromagnetic and
magnetic survey. A ground Induced Polarity ("IP") survey is also about to commence. Three follow-up drill
holes have been completed at La Jarosa with results awaited to help vector to additional copper
mineralization."
Drill highlights include
:
6.7m at 3.1% Cu%, 17.5g/t Ag, 0.024% Co, 0.2% Pb
,
0.4% Zn
from 74.3m in
LRD114
,
including
2.95m at 6.2% Cu, 37g/t Ag, 0.12g/t Au, 0.04% Co, 0.4% Pb, 0.9% Zn
20.25m at 0.62% Cu, 0.05% Sn, 2.5g/t Ag
from 6.35m in
LRD95
, including
7m at 1.23% Cu, 0.08% Sn, 5.3g/t Ag
20.25m at 0.6% Cu, 4.6g/t Ag, 0.14% Zn
from 56.25m in
LRD113
, including
7.75m at 1.02% Cu, 4.9g/t Ag
and
1m at 1.7% Cu, 42.8g/t Ag, 0.04g/t Au, 0.8% Pb, 1.8% Zn
20m at 0.4% Cu, 0.06% Sn, 1.2g/t Ag
from 65m in
LRD103
, including
3.5m at 0.8% Cu, 0.19% Sn, 2.9g/t Ag
, including
0.45m at 3.7% Cu, 0.51% Sn, 12g/t Ag, 0.06% Co
17.1m at 0.54% Cu, 0.07% Sn, 1.7g/t Ag
from 53m in
LRD106
,
including
5m at 0.5% Cu, 0.12% Sn, 1.3g/t Ag
and
3.25m at 1.6% Cu, 0.09% Sn, 5.1g/t Ag
Figure 1
- La Romana target and drill hole locations with selected highlights
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5190/119187_cd62fbb5b4407805_001full.jpg
Figure 2
- Summary drill hole cross section 736935M East with new drill holes LRD113 and LRD114
results highlights in yellow
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5190/119187_cd62fbb5b4407805_002full.jpg
Figure 3
- Summary drill hole cross section 736485M East with new drill hole LRD95 results highlights in
yellow
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5190/119187_cd62fbb5b4407805_003full.jpg
Figure 4
- Summary drill hole cross section 736035M East with new drill holes LRD103 and LRD106
results highlights in yellow
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5190/119187_cd62fbb5b4407805_004full.jpg
Figure 5
- La Romana - View to the south approx. perpendicular to the plane of the mineralization (dip
40
o
N) showing drill hole Cu and Sn grade contours and Cu x m (%) thickness bubbles showing the
mineralization open in several directions
To view an enhanced version of this graphic, please visit:
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Drill results
The latest drill results are from nineteen holes completed in 2021-2022 in the Phase 4 drill program at
the La Romana discovery. Drill holes LRD 94, 95, 112, 113, 114 and 115 tested up-dip/near-surface
extensions in the centre and east of the target area. Drill holes LRD96, 103, 106, 109 and 110 tested the
westward extensions. Drill holes LRD 89, 91, 93, 100, 102, 105 and 107 tested down-dip extensions.
Drill hole LRD 101 tested an IP chargeability anomaly approximately 400m north of La Romana.
Drill hole locations are shown in Figure 1 and summary cross sections for selected drill holes LRD95,
LRD103, LRD106, LRD113 and LRD114 provided in Figures 2, 3 and 4 above.
Drill hole collar information is provided in Table 1 below. Assay results are summarized in Table 2. The
drill holes were all inclined towards the south or southwest and all reported drill intervals are
approximately true thickness (>90%). Previously published drill results are provided in the Company's
website:
https://www.panglobalresources.com/_files/ugd/eec401_6b904e48451543efb191408a725c7fa0.pdf
Table 1
Escacena Project, La Romana drill hole collar information (Total 4147.65m)
Hole ID
Easting
1
Northing
1
Azimuth (º)
Dip (º)
Depth (m)
LRD89
736985
4152861
180
-59
346.9
LRD91
736540
4152798
180
-60
260.3
LRD93
736236
4152738
180
-55
215.85
LRD94
736885
4152593
180
-50
122.15
LRD95
736485
4152622
180
-55
116.3
LRD96
736138
4152716
180
-55
182.05
LRD100
736837
4152832
180
-66
311.3
LRD101
735977
4153194
180
-60
404.3
LRD102
736783
4152859
180
-60
301.5
LRD103
736053
4152764
220
-50
191.1
LRD105
736735
4152866
180
-60
307
LRD106
736075
4152722
220
-50
189
LRD107
736329
4152869
180
-55
287.2
LRD109
736103
4152682
190
-50
170.1
LRD110
736183
4152640
180
-55
134.1
LRD112
736523
4152613
180
-50
173.4
LRD113
736938
4152618
180
-55
149.25
LRD114
736938
4152618
180
-80
162.8
LRD115
736738
4152575
180
-55
123.05
1
Coordinates are in ERTS89 datum UTM29N
Table 2
- Escacena Project, La Romana drill results summary
Hole
Fr
To
Int
Cu
Sn
Ag
Co
Au
Pb
Zn
m
%
ppm
g/t
ppm
g/t
ppm
ppm
LRD89
235.70
236.30
0.60
1.77
48
6.9
308
0.05
39
185
282.05
282.50
0.45
0.88
27
7.1
505
0.18
509
836
LRD91
14.00
14.75
0.75
0.78
25
7.2
42
0.18
761
83
136.50
142.00
5.50
0.43
911
2.0
73
0.01
37
405
incl.
233.00
259.00
26.00
334
LRD93
8.00
11.10
3.10
0.53
76
1.2
59
0.02
46
144
80.00
103.00
23.00
0.33
770
2.6
87
0.01
94
248
incl.
95.50
101.85
6.35
0.55
1505
3.8
144
0.01
69
228
210.55
210.95
0.40
1.83
395
18.8
94
0.14
696
2070
LRD94
30.50
53.00
22.50
0.25
71
2.0
42
0.01
319
232
60.60
61.00
0.40
3.42
106
9.4
126
0.03
240
404
62.75
62.90
0.15
0.94
472
9.4
417
0.23
690
421
LRD95
6.35
40.00
33.65
0.43
386
1.8
48
0.00
96
276
6.35
26.60
20.25
0.62
527
2.5
59
0.00
53
235
8.00
15.00
7.00
1.23
836
5.3
83
0.01
43
348
LRD96
48.00
79.00
31.00
0.22
429
1.0
57
0.01
59
155
incl.
64.00
74.00
10.00
0.29
821
1.1
71
0.01
12
99
incl.
69.00
77.00
8.00
0.18
1142
0.8
66
0.01
10
92
LRD100
188.10
189.70
1.60
1.01
37
2.9
84
0.02
23
94
incl.
189.00
189.70
0.70
1.53
46
4.2
103
0.02
31
140
207.25
207.80
0.55
2.90
99
13.4
975
0.10
72
320
231.60
232.40
0.80
1.48
64
7.7
142
0.02
84
506
256.15
256.55
0.40
1.66
375
8.8
320
0.15
477
1305
263.85
264.10
0.25
1.74
1390
11.5
616
0.22
283
604
LRD101
100.50
101.25
0.75
1.18
60
29.2
11
0.07
3170
167
279.45
279.70
0.25
8.30
160
28.8
281
0.04
69
282
LRD102
115.50
118.55
3.05
0.82
39
4.7
56
0.01
274
794
incl.
115.50
116.45
0.95
1.27
50
9.8
68
0.03
717
2180
incl.
118.40
118.55
0.15
7.16
91
19.7
306
0.05
138
636
230.00
242.70
12.70
0.55
64
2.5
60
0.01
100
310
incl.
233.95
235.00
1.05
1.00
53
4.4
98
0.03
52
484
incl.
237.00
238.00
1.00
1.09
66
4.0
85
0.02
66
370
incl.
242.00
242.70
0.70
1.40
149
4.8
123
0.02
94
331
275.90
276.05
0.15
1.23
1755
4.7
216
0.12
283
375
LRD103
65.00
85.00
20.00
0.38
631
1.2
93
0.01
32
95
incl.
73.00
76.50
3.50
0.77
1910
2.9
156
0.01
97
130
incl.
74.10
74.55
0.45
3.73
5130
12.0
570
0.02
141
188
112.00
123.00
11.00
0.22
328
0.7
56
0.01
5
63
LRD105
70.15
70.90
0.75
2.22
80
5.9
130
0.10
1468
3953
233.00
246.00
13.00
0.51
55
2.6
64
0.01
50
321
incl.
238.85
242.30
3.45
1.10
73
5.0
87
0.01
41
326
incl.
238.85
239.15
0.30
5.71
210
25.6
322
0.03
113
1100
incl.
240.20
241.20
1.00
1.49
87
6.6
108
0.02
71
375
252.00
266.25
14.25
0.48
181
2.5
62
0.01
116
674
incl.
257.20
258.55
1.35
1.73
827
7.2
129
0.02
225
742
incl.
261.75
262.25
0.50
1.56
193
11.0
108
0.02
497
1700
incl.
265.00
266.25
1.25
1.36
294
6.1
90
0.01
172
645
incl.
265.95
266.25
0.30
4.39
698
20.8
202
0.03
491
2080
LRD106
53.00
70.10
17.10
0.54
729
1.7
95
0.02
26
135
incl.
55.00
60.00
5.00
0.48
1183
1.3
94
0.01
18
73
incl.
66.85
70.10
3.25
1.61
882
5.1
109
0.04
54
251
85.50
93.20
7.70
0.28
142
0.9
47
0.01
15
64
LRD107
172.00
193.00
21.00
0.34
345
2.4
60
0.01
324
614
incl.
177.00
188.00
11.00
0.52
370
3.2
72
0.01
289
526
incl.
181.00
185.00
4.00
1.06
781
5.8
90
0.01
227
406
LRD109
17.00
33.35
16.35
0.23
884
0.8
78
0.01
20
87
incl.
21.00
29.00
8.00
0.29
1129
1.0
97
0.02
26
94
incl.
32.85
33.35
0.50
0.59
2460
3.1
97
0.02
36
112
LRD110
19.70
30.00
10.30
0.47
912
1.3
65
0.01
39
130
incl.
19.70
26.00
6.30
0.40
1223
1.4
75
0.01
17
137
LRD112
5.40
43.10
37.70
0.38
214
1.4
53
0.00
106
287
incl.
26.10
43.10
17.00
0.49
308
1.9
57
0.01
157
358
incl.
39.70
41.80
2.10
1.32
247
5.3
53
0.01
635
387
67.00
68.20
1.20
1.48
186
3.6
55
0.01
345
737
54.60
135.00
80.40
0.07
227
LRD113
25.00
27.00
2.00
2.08
43
4.1
76
0.02
441
737
56.25
76.50
20.25
0.57
40
4.6
67
0.01
589
1430
incl.
56.25
64.00
7.75
1.02
29
4.9
94
0.02
401
607
incl.
61.45
64.00
2.55
2.30
58
11.7
165
0.03
1190
1556
incl.
70.60
71.60
1.00
1.73
85
42.8
97
0.04
7590
17900
LRD114
31.15
32.40
1.25
1.15
28
11.7
324
0.13
517
578
43.10
44.10
1.00
1.85
31
6.3
108
0.02
800
1047
incl.
43.10
43.40
0.30
5.23
51
13.9
197
0.04
1215
2140
74.30
81.00
6.70
3.08
80
17.5
242
0.06
1825
4110
incl.
75.65
78.60
2.95
6.17
136
36.8
449
0.12
4020
8724
97.35
97.55
0.20
2.03
37
9.4
441
0.16
349
1270
120.30
120.55
0.25
3.06
81
20.1
499
0.10
8390
6800
147.00
147.20
0.20
1.87
451
6.3
224
0.13
139
178
LRD115
29.60
57.40
27.80
0.46
279
2.5
53
0.01
149
378
29.60
49.25
19.65
0.50
337
2.8
54
0.01
143
353
incl.
29.60
38.80
9.20
0.76
375
3.7
69
0.01
37
356
29.60
32.65
3.05
0.99
450
4.9
94
0.01
33
269
The results continue to show that the mineralization remains wide open in several directions (see Figure
5 above).
The primary mineralization includes mainly stockwork, semi-massive sulphides and bands of massive
sulphide, with chalcopyrite as the primary copper mineral and cassiterite as the predominant tin mineral.
The copper mineralization is also associated with elevated levels of silver, cobalt and gold. A metal
zonation is also apparent, progressing from copper and tin in the west to copper and zinc in the east. A
zone of oxidation and supergene copper mineralization is also locally present in the upper levels of the
deposit, with chalcocite overprinting/replacing primary sulphide.
Drill hole
LRD89
testing dip extensions in the east intersected minor copper mineralization. Results
include:
0.6m at 1.8% Cu, 6.9g/t Ag, 0.031% Co
from 235.7m (downhole)
0.45m at 0.9% Cu, 7.1g/t Ag, 0.18g/t Au, 0.05% Co
from 282.05m
Drill hole
LRD91
confirmed a narrow down-dip continuation of the copper and tin mineralization to the
north, approx. 50m down-dip from LRD56. The hole also shows wide zones of anomalous tin in the
footwall. Results include:
0.75m at 0.8% Cu, 7.2g/t Ag, 0.18g/t Au
from 14m
5.5m
at 0.4% Cu, 0.09% Sn, 2g/t Ag
, and
26m at 0.033% Sn from 233m
Drill hole
LRD93
confirmed down-dip continuation of the copper and tin mineralization to the north,
approx. 50m down-dip from LRD70. The hole also includes a thin near-surface interval with oxide
copper. Results include:
3.1m at 0.5% Cu, 1.2g/t Ag
from 8m (oxide)
23m
at 0.33% Cu, 0.07% Sn, 2.6g/t Ag
, including
6.35m at 0.55% Cu, 0.15% Sn, 3.8g/t Ag
0.4m at 1.8% Cu, 0.04% Sn, 18.8g/t Ag, 0.14g/t Au
from 210.55m
Drill hole
LRD94,
in the east intersected an upper zone of low grade supergene chalcocite +/- minor
chalcopyrite. Results include:
22.5m at 0.25% Cu, 2g/t Ag
from 30.5m (chalcocite)
0.4m
at 3.4% Cu, 9.4g/t Ag
Drill hole
LRD95
,
testing the up-dip extension approx. 25m south of LRD11, intersected a >33m wide
zone with supergene chalcocite +/- minor chalcopyrite, including:
20.25m
at 0.6% Cu, 0.05% Sn, 2.5g/t Ag
from 6.35m (chalcocite), including:
7m at 1.2% Cu, 0.08% Sn, 5.3g/t Ag
Drill hole
LRD96
,
in the west intersected a >30m wide zone of low grade copper and tin mineralization
from 31m, including:
10m
at 0.3% Cu, 0.08% Sn, 1.1g/t Ag
from 64m, or
8m at 0.2% Cu, 0.11% Sn
from 69m
Drill hole
LRD100
,
confirmed down-dip continuation of the mineralization in the east with multiple thin
intervals with >1% Cu and local elevated Co, including:
1.6m
at 1.0% Cu, 2.9g/t Ag
from 188m
0.55m at 2.9% Cu, 13.4g/t Ag, 0.098% Co
from 207.25m
0.8m at 1.5% Cu, 7.7g/t Ag, 0.014% Co
from 231.6m
0.4m at 1.7% Cu, 0.04% Sn, 8.8g/t Ag, 0.15g/t Au, 0.03% Co
from 256.15m
0.25m at 1.7% Cu, 0.14% Sn, 11.5g/t Ag, 0.22g/t Au, 0.06% Co
from 263.85m
Drill hole
LRD101
confirmed a wide zone of strong alteration associated with a satellite IP anomaly
approx. 300m to the north of La Romana. The hole intersected wide zones of mainly chlorite alteration +/-
strong silicification with traces of chalcopyrite and/or pyrite and a thin copper-rich coarse massive
sulphide interval. The coarse sulphide intervals indicates potential remobilisation from nearby
mineralization. The IP anomaly remains open towards the west and gravity data indicates further
potential down-dip. Results include:
0.75m
at 1.2% Cu, 29.2g/t Ag, 0.32% Pb
from 100.5m, and
0.25m at 8.3% Cu, 0.016% Sn, 28.8g/t Ag, 0.03% Co
from 279.45m (massive sulphide)
Drill hole
LRD102
,
confirmed the mineralization remains open to the north, approx. 50m down dip from
LRD74 with multiple thin >1% Cu intervals, including:
3.05m
at 0.8% Cu, 4.7g/t Ag
from 115.5m, including
0.95m at 1.3% Cu, 9.8g/t Ag, 0.22% Zn
0.15m at 7.2% Cu, 19.7g/t Ag, 0.03% Co
12.7m at 0.55% Cu, 2.5g/t Ag
from 230m, including
1.05m at 1.0% Cu, 4.4g/t Ag
1m at 1.1% Cu, 4g/t Ag
0.7m at 1.4% Cu, 4.8g/t Ag
0.15m at 1.2% Cu, 0.18% Sn, 4.7g/t Ag, 0.12g/t Au, 0.02% Co
from 275.9m
Drill hole
LRD103
confirmed the copper and tin mineralization continues and remains wide open
towards the west. Results include:
20m
at 0.4% Cu, 0.06% Sn, 1.2g/t Ag
from 65m, including
3.5m at 0.8% Cu, 0.19% Sn, 2.9g/t Ag
0.45m at 3.7% Cu, 0.51% Sn, 12g/t Ag, 0.06% Co