PAN GLOBAL INTERSECTS 1.04% COPPER OVER 15.9 METERS AT WESTERN EXPANSION OF LA ROMANA COPPER-TIN-SILVER DISCOVERY
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- Highest grades intersected to-date in the current 25-hole drill program
- New drilling confirms continuation of high-grade near-surface copper-tin-silver (Cu-Sn-Ag) mineralization
- Mineralization remains wide open, with grades increasing to the west and down-dip to the north
Assay results for five new drill holes from the western extension of the La Romana copper-tin-silver discovery confirm the mineralization extends over more than 1.35 kilometers of strike and remains open. These drill results include the highest grades intersected to-date in the current 25-hole drill program aimed at testing the western extension of the La Romana mineralization.
- LRD171: 15.9m at
1.15% CuEq1 (1.04% Cu,0.03% Sn, 2.4 g/t Ag) from 79m, including 9.9m at1.70% CuEq1 (1.57% Cu,0.04% Sn, 3.6 g/t Ag); - LRD170: 12m at 1.04 % CuEq1 (
0.80% Cu,0.09% Sn, 2.1 g/t Ag) from 61m, including 7m at1.47% CuEq1 (1.16% Cu,0.11% Sn, 2.9 g/t Ag); - LRD168: 13m at
1.02% CuEq1 (0.67 % Cu,0.13% Sn, 1.6 g/t Ag) from 52m, including 7m at1.43% CuEq1 (0.96% Cu,0.17% Sn, 2.2 g/t Ag) - A down-hole electromagnetic (DHEM) conductor anomaly from
LRD171 provides a strong indication the higher-grade mineralization continues down-dip and will be targeted for future drilling
Drill hole locations are shown in Figure 1 below. Drill hole assay results are summarized in Table 1 and collar details are presented in Table 2 below.
"It is very encouraging that our ongoing drill program at La Romana confirms extensions to the high-grade copper-tin mineralization. The potential to expand the high-grade mineralization further along-strike to the west and down-dip is exciting. The east-west strike length of La Romana is now more than 1.35 kilometers and remains open, with step-out drilling ongoing," said Tim Moody, President and CEO of Pan Global.
"The combination of continuous near-surface copper-tin mineralization, simple and predictable geometry, and favourable metallurgy are significant advantages for potential open-pit development at La Romana," said Mr. Moody. "The
The main La Romana copper mineralization occurs in two highly continuous layers, Zone B and Zone C, commencing from surface or directly below a thin cover of post-mineral sediments. The new results show the copper mineralization in Zone B is increasing in grade and thickness in the west. A deeper high-grade copper layer, Zone D, is also present in several recent drill holes, and represents an additional prospective target horizon.
Copper mineralization intersected in drill holes includes primary chalcopyrite, overprinted at shallow depths by secondary/supergene copper sulphide (chalcocite) and an overlying oxide zone with local native copper and copper oxides. Chalcocite is a high copper content mineral, indicating upgrading of the copper mineralization at the base of the oxide zone. This represents an additional target for higher grade copper. The tin mineralization is cassiterite, the preferred mineral for commercial extraction.
Additional results are pending for eight completed drill holes at La Romana and preparations are underway for follow-up drilling at the recent Cañada Honda copper-gold discovery approximately 4km to the north.
Table 1 – La Romana new drill results summary
Hole ID | From | To | Interval | CuEq1 | Cu | Sn | Ag | Au | Pb | Zn | True | |
m | m | m | % | % | % | g/t | g/t | ppm | ppm | (m) | ||
20.00 | 33.05 | 15.05 | 0.49 | 0.32 | 0.06 | 1.2 | 0.01 | 25 | 81 | 12.43 | ||
and | 73.00 | 80.00 | 7.00 | 0.64 | 0.50 | 0.05 | 1.4 | 0.02 | 14 | 59 | 5.78 | |
and | 117.95 | 118.50 | 0.55 | 1.70 | 1.57 | 0.05 | 0.5 | 0.02 | 13 | 95 | 0.45 | |
43.00 | 57.55 | 14.55 | 0.93 | 0.61 | 0.12 | 1.4 | 0.02 | 15 | 109 | 14.27 | ||
including | 43.00 | 56.00 | 13.00 | 1.02 | 0.67 | 0.13 | 1.6 | 0.02 | 17 | 108 | 12.75 | |
including | 47.00 | 56.00 | 7.00 | 1.43 | 0.96 | 0.17 | 2.2 | 0.03 | 29 | 138 | 6.87 | |
52.00 | 59.00 | 7.00 | 1.05 | 0.97 | 0.03 | 2.0 | 0.01 | 16 | 96 | 5.34 | ||
including | 56.00 | 59.00 | 3.00 | 2.26 | 2.11 | 0.05 | 4.3 | 0.02 | 13 | 105 | 2.29 | |
and | 101.00 | 111.00 | 10.00 | 0.53 | 0.33 | 0.07 | 0.7 | 0.03 | 10 | 59 | 7.63 | |
and | 140.00 | 141.00 | 1.00 | 1.68 | 1.64 | 0.01 | 4.7 | 0.02 | 25 | 176 | 0.76 | |
61.00 | 73.00 | 12.00 | 1.04 | 0.80 | 0.09 | 2.1 | 0.01 | 5 | 77 | 11.82 | ||
including | 66.00 | 73.00 | 7.00 | 1.47 | 1.16 | 0.11 | 2.9 | 0.02 | 5 | 89 | 6.90 | |
including | 69.00 | 71.40 | 2.40 | 3.20 | 2.64 | 0.20 | 6.2 | 0.04 | 8 | 137 | 2.36 | |
and | 93.00 | 100.00 | 7.00 | 0.44 | 0.36 | 0.03 | 0.7 | 0.02 | 7 | 49 | 6.90 | |
and | 148.00 | 150.00 | 2.00 | 1.21 | 1.18 | 0.01 | 2.0 | 0.01 | 76 | 93 | 1.97 | |
79.00 | 97.00 | 18.00 | 1.03 | 0.94 | 0.03 | 2.2 | 0.01 | 5 | 83 | 14.74 | ||
including | 79.00 | 94.90 | 15.90 | 1.15 | 1.04 | 0.03 | 2.4 | 0.01 | 6 | 88 | 13.02 | |
including | 85.00 | 94.90 | 9.90 | 1.70 | 1.57 | 0.04 | 3.6 | 0.02 | 6 | 104 | 8.11 | |
including | 92.00 | 94.90 | 2.90 | 4.28 | 4.08 | 0.06 | 8.9 | 0.05 | 12 | 209 | 2.38 | |
and | 123.00 | 130.00 | 7.00 | 0.56 | 0.40 | 0.06 | 0.9 | 0.01 | 45 | 51 | 5.73 | |
and | 183.25 | 184.15 | 0.90 | 3.64 | 3.59 | 0.01 | 2.7 | 0.02 | 18 | 103 | 0.74 |
1 Copper Equivalent = CuEq. CuEq is calculated using Cu, Sn, and Ag grades. Metallurgical recoveries include |
Table 2 – La Romana drill hole collar information (5 holes, total 792.10m)
Hole ID | Easting 2 | Northing 2 | Azimuth (o) | Dip (o) | Depth (m) |
735976 | 4152716 | 156 | -50 | 122.15 | |
735954 | 4152761 | 180 | -50 | 125.55 | |
735865 | 4152803 | 240 | -60 | 191.65 | |
735866 | 4152806 | 180 | -55 | 155.65 | |
735866 | 4152807 | 0 | -90 | 197.1 |
2 Coordinate system: UTM29N ERTS89 |
The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled
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
Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.5 to 2m. Sample intervals were defined using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all times by Company staff. Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch.
Samples were delivered to ALS laboratory in
James Royall, Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information for this media release. Mr. Royall is not independent of the Company.
On behalf of the Board of Directors
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SOURCE Pan Global Resources Inc.
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