PAN GLOBAL COMMENCES GROUND GEOPHYSICS AT BRAVO COPPER TARGET, ESCACENA PROJECT, IN PREPARATION FOR MAIDEN DRILL PROGRAM
Pan Global Resources has initiated an induced polarization (IP) survey at the Bravo target within its Escacena Project in Spain. The survey targets a 2.0km x 1.5km gravity anomaly with coincident lead-zinc and silver soil geochemistry. The IP survey will help identify sulphide concentrations potentially associated with copper mineralization, preparing for a maiden drill program. Helicopter electromagnetic (HEM) survey data shows resistivity low anomalies coincident with the gravity target, suggesting potential sulphide mineralization. The Bravo target is located 1.5km east of Pan Global's La Romana copper-tin-silver discovery and has never been drill tested.
Pan Global Resources ha avviato un sondaggio di polarizzazione indotta (IP) presso l'obiettivo Bravo all'interno del suo progetto Escacena in Spagna. Il sondaggio punta a un anomalie gravimetrica di 2,0 km x 1,5 km con geochimica del suolo per piombo, zinco e argento coincidente. Il sondaggio IP aiuterà a identificare le concentrazioni di solfuri potenzialmente associate alla mineralizzazione di rame, preparando un programma di perforazione iniziale. I dati del sondaggio elettromagnetico da elicottero (HEM) mostrano anomalie di bassa resistività coincidenti con l'obiettivo gravimetrico, suggerendo una potenziale mineralizzazione di solfuri. L'obiettivo Bravo si trova a 1,5 km a est della scoperta di rame-stagno-argento La Romana di Pan Global e non è mai stato testato da perforazioni.
Pan Global Resources ha iniciado un estudio de polarización inducida (IP) en el objetivo Bravo dentro de su Proyecto Escacena en España. El estudio se dirige a una anomalía de gravedad de 2,0 km x 1,5 km con geociencia del suelo de plomo, zinc y plata coincidente. El estudio IP ayudará a identificar concentraciones de sulfuros potencialmente asociadas con la mineralización de cobre, preparando un programa de perforación inicial. Los datos del estudio electromagnético por helicóptero (HEM) muestran anomalías de baja resistividad coincidentes con el objetivo de gravedad, sugiriendo potencial mineralización de sulfuros. El objetivo Bravo se encuentra a 1,5 km al este del descubrimiento de cobre estaño-plata La Romana de Pan Global y nunca ha sido probado con perforaciones.
팬 글로벌 리소스는 스페인 에스카세나 프로젝트 내 브라보 타겟에서 유도 전기전도도(IP) 조사를 시작했습니다. 이번 조사는 2.0km x 1.5km 중력 이상을 목표로 하며, 이곳에서는 납-아연 및 은의 토양 지구화학이 확인되고 있습니다. IP 조사는 구리 광물화를 연관 지을 수 있는 황화물 농도를 식별하는 데 도움을 주며, 최초의 드릴 프로그램을 준비합니다. 헬리콥터 전자기(Hem) 조사 데이터는 중력 목표와 일치하는 저항값 저조를 보여주며, 잠재적인 황화물 광물화를 시사합니다. 브라보 타겟은 팬 글로벌의 라 로마나 구리-주석-은 발견지에서 동쪽으로 1.5km 떨어진 곳에 위치하고 있으며, 한 번도 드릴 테스트를 받지 않았습니다.
Pan Global Resources a lancé une étude de polarisation induite (IP) sur la cible Bravo dans le cadre de son projet Escacena en Espagne. L'étude vise une anomalie gravitaire de 2,0 km x 1,5 km avec une géochimie des sols en plomb-zinc et argent coincidente. L'étude IP aidera à identifier les concentrations de sulfures potentiellement associées à la minéralisation du cuivre, préparant un programme de forage inaugural. Les données de l'enquête électromagnétique par hélicoptère (HEM) montrent des anomalies de faible résistivité coïncidentes avec la cible gravitaire, suggérant une minéralisation potentielle des sulfures. La cible Bravo est située à 1,5 km à l'est de la découverte de cuivre-étain-argent La Romana de Pan Global et n'a jamais été testée par forage.
Pan Global Resources hat eine induzierte Polarisation (IP) Untersuchung im Bravo-Ziel innerhalb seines Escacena-Projekts in Spanien eingeleitet. Die Untersuchung konzentriert sich auf eine 2,0 km x 1,5 km Gravitätsanomalie mit übereinstimmender Blei-Zink- und Silber-Boden-Geochemie. Die IP-Untersuchung wird helfen, Sulfidkonzentrationen zu identifizieren, die potenziell mit der Kupfermineralisierung verbunden sind, und bereitet sich auf ein erstes Bohrprogramm vor. Die Helikopter-Elektromagnetik (HEM) Daten zeigen Anomalien mit niedriger Widerstandsfähigkeit, die mit dem Gravitätsziel übereinstimmen, was auf eine potenzielle Sulfidmineralisierung hindeutet. Das Bravo-Ziel liegt 1,5 km östlich der Kupfer-Zinn-Silber-Entdeckung La Romana von Pan Global und wurde noch nie gebohrt.
- Strong geological indicators suggesting potential VMS mineralization at Bravo target
- Strategic location near existing La Romana copper-tin-silver discovery
- Upsized private placement financing nearing completion
- Target area has never been drill tested, representing exploration uncertainty
- Results from IP survey still pending
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- High priority 2.0km x 1.5km gravity anomaly at Bravo coincident with a large soil lead-zinc anomaly
- Helicopter electromagnetic anomalies provide additional strong indicators of sulphide mineralization associated with the gravity target
- IP survey underway to delineate targets for drilling
- Upsized private placement financing on track for closing
"Recent soil sample geochemistry and gravity survey results provide strong indicators that the large Bravo target could represent concealed volcanogenic massive sulphide (VMS) mineralization beneath shallow cover, similar to Pan Global's nearby La Romana copper-tin-silver discovery. The IP survey will help identify sulphide concentrations associated with potential copper mineralization with drilling expected to follow soon after completion," said Tim Moody, Pan Global's President & CEO.
"Helicopter electromagnetic (HEM) survey data also highlights resistivity low anomalies on multiple lines coincident with the gravity target, providing an additional positive indicator of potential sulphide mineralization. IP surveys in combination with gravity proved effective in leading to the discovery of the La Romana copper mineralization," said Mr. Moody.
The planned IP survey at Bravo will target a 2.0km x 1.5km strong gravity anomaly with coincident anomalous lead plus zinc (Pb+Zn) and silver soil geochemistry. The IP survey method will be dipole-dipole with 50-meter dipole spacing and will include seven lines (12-to-15 line-kilometers) and is expected to take approximately two-to-three weeks to complete (Figure 1).
Helicopter electromagnetic data from the Company's 2022 survey shows low-resistivity anomalies (Figure 2) coincident with the Bravo gravity target, providing another strong indicator of potential sulphide mineralization.
The Bravo target is located 1.5km east of Pan Global's La Romana copper-tin-silver discovery and 4.5km southwest of Grupo México's Aznalcóllar and Los Frailes VMS deposits. Bravo is mostly covered by post-mineral rocks and sediments and has never been drill tested.
Pan Global is also pleased to note that the Company's upsized private placement financing is on track for closing on or about November 6, 2024. The net proceeds of the offering will be used to advance the Company's advanced exploration program in
About the Escacena Project
The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled
About Pan Global Resources
Pan Global Resources Inc. is actively targeting copper-rich mineral deposits, given copper's compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern
Qualified Persons
Álvaro Merino. Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information for this media release. Mr. Merino is not independent of the Company.
Forward-looking statements
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. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. 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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SOURCE Pan Global Resources Inc.
FAQ
What is the size of the gravity anomaly at Pan Global's (PGZFF) Bravo target?
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