PAN GLOBAL REPORTS NEAR-SURFACE COPPER-TIN MINERALIZATION AT ROMANA WEST IN THE ESCACENA PROJECT, SPAIN
- None.
- None.
TSXV: PGZ OTCQB: PGZFF
- Initial drilling confirms continuation of near-surface La Romana copper-tin mineralization
- Visible copper and tin mineralization in first two holes
- New Induced Polarization (IP) results expand target westwards
- 25-to-30 drill hole campaign underway
"We are highly encouraged by the first two drill holes on the Romana West target, indicating a continuation of the near-surface copper and tin mineralization to the west of the La Romana discovery. From less than 50m below surface, sections of the drill core show visible copper (Cu) and tin (Sn) mineralization, including chalcocite, chalcopyrite, local coarse-grain cassiterite, and intervals of mixed massive sulphides. Mineralization style and composition is similar to that encountered at La Romana. These are the first drill holes of an initial 25-to-30 drill hole campaign with the goal of extending the La Romana near-surface Cu-Sn-Ag mineralization beyond the 1.2km of strike already delineated," said Tim Moody, Pan Global's President and CEO.
A 25-to-30 drill hole campaign (approximately 6,000m) commenced at Romana West in June aiming to delineate the western extent of the near-surface La Romana mineralization. Geophysics and geochemistry surveys are ongoing to prioritize and refine drill hole locations. Assays are pending for the first two completed drill holes,
Additional drill results will be released as they become available.
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
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 news release. Mr. Royall is not independent of the Company.
On behalf of the Board of Directors
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 news 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.
The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pan-global-reports-near-surface-copper-tin-mineralization-at-romana-west-in-the-escacena-project-spain-301870804.html
SOURCE Pan Global Resources Inc.
FAQ
What company announced the results of the initial drilling at the Romana West target?
What mineralization was confirmed in the first two drill holes?
What is the goal of the 25-to-30 drill hole campaign?
What surveys are ongoing to refine drill hole locations?