Pan Global Gains Access to the Torrubia Copper Target
Pan Global Gains Access to the Torrubia Copper Target
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2019) - Pan Global Resources Inc. (TSXV: PGZ) (OTC: PGNRF) (the
"Company") is pleased to announce it has secured access to the Torrubia copper target in the Aguilas Project, Spain. This
provides access to approximately 1.9km of strike with the widest and strongest soil copper geochemistry in the North of the
Torrubia trend, with rock grab samples up to 8.4% Cu in boulders and 1.2% Cu in outcrop.
An initial 5 drill holes are planned.
Tim Moody, President and CEO of Pan Global Resources commented: "The company is pleased to have resolved access with
the landowner to the highest priority part of the Torrubia copper target.
The recently completed drilling shows copper increasing
towards this area associated with IOCG breccia style mineralization.
We look forward to drilling the target in 2019."
Exploration by the company in 2017 and 2018, defined a 3.1 x 0.3 km soil copper anomaly with up to 0.67% Cu in the North of
the Torrubia trend.
Boulders and outcrop with multi-percent levels of copper and evidence of ancient mine workings along the
trend.
The Northern 1.9 km of the soil copper anomaly includes the widest and strongest part of the copper target (Figure 1) and
has not been tested whilst access to the area was being negotiated with the landowner.
Drill hole TOR-001, immediately to the
south contained 16m @ 0.30% Cu, 30.5ppm Co, 0.6 g/t Ag, 0.05 g/t Au, including 0.8m @ 2.65% and 0.7m @ 2.05% Cu. The
drilling indicates copper increasing to the North into the area where access has now been secured.
The company has planned an initial 5 drill holes in the area where access has now been granted.
Preparations for drilling will
commence in the coming weeks.
Qualified Person
Robert Baxter (FAusIMM), a Director of Pan Global Resources and a qualified person as defined by National Instrument 43-101,
has reviewed the scientific and technical information that forms the basis for this news release. Mr. Baxter is not independent of
the Company.
About Pan Global Resources
Pan Global Resources Inc. is actively engaged in base and precious metal exploration in Spain and is pursuing opportunities
from exploration through to mine development.
The company is committed to operating safely and with respect to the
communities and environment where we operate.
On behalf of the Board of Directors
www.panglobalresources.com
.
FOR FURTHER INFORMATION PLEASE CONTACT:
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results
could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to,
economic, competitive, governmental, environmental and technological factors that may affect the Company's operations,
markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion
and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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Figure 1 – Torrubia Copper Target and proposed drill holes.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5190/45023_ba4080eb74c48bf9_001full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/45023