TSXV: PGZ | OTCQX: PGZFF
- La Romana drilling confirms continuity of the higher-grade tin
mineralization in the west and adds high grade copper in the
northeast
- Romana West drilling intersects additional near-surface copper
mineralization with assay results pending for eight drill
holes
- Elevated tin results continue to contribute to the
mineralization profile at increased levels as drilling progresses
in the west of La Romana
VANCOUVER, BC, Aug. 23,
2023 /CNW/ - Pan Global Resources Inc. ("Pan Global"
or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to report
assay results for 15 drill holes at the La Romana discovery at the
Company`s 100% owned Escacena Project in the Iberian Pyrite Belt in
southern Spain. La Romana
represents a coherent zone of moderately northward-dipping
copper-tin-silver mineralization, currently delineated over
approximately 1.2 kilometers along strike and from surface to
400m down-dip. A planned 25-hole
drill program is ongoing to expand and test the western extensions
to the near-surface mineralization at the Romana West target.
Highlights
- LRD158 – 5.6m at 1.2% Cu, 3.3g/t Ag from 195.4m, and
-
- 1m at 3.6% Cu and 19.4g/t Ag from
109m
- LRD154 – 23m at 0.4% Cu, 0.12% Sn, 2g/t Ag from
33m, including
-
- 7m at 0.5% Cu, 0.23% Sn and
2.8g/t Ag
- LRD147 – 32.25m at 0.4% Cu, 0.05% Sn and 1.3g/t Ag from
114m, including
-
- 3.25m at 1.9% Cu, 0.36% Sn and
7.6g/t Ag
- LRD146 – 30m at 0.3% Cu, 0.05% Sn and 1.8g/t Ag from
151m, including
-
- 8m at 0.6% Cu, 0.11% Sn and
3.4g/t Ag
- LRD150 – 10m at 0.6% Cu, 2.1g/t Ag from 83m, including
-
- LRD157 – 0.5m at 5.1% Cu, 24.5g/t Ag from 110m, and 3m at
1.5% Cu, 3.6g/t Ag from 195m
"We are very pleased with these results, which successfully
expand the copper and copper-tin-silver mineralization at La Romana
and further demonstrates the favourable continuity of the
mineralization," said Tim Moody, Pan
Global's President & CEO.
"The new step-out drill holes show the mineralization continues
to remain open down-dip along the northern extent of the drilling.
Infill drill holes in the northeast confirms continuity of
high-grade mineralization intersected in previous drilling. Three
infill holes, drilled for the ongoing tin metallurgy test program,
confirm continuity of the tin mineralization in the west."
"At Romana West, we continue to be encouraged by the visible
copper and tin mineralization observed in drill core from initial
drill holes at this high-priority target that represents the
potential western extension to the La Romana copper-tin-silver
mineralization."
"Results are also pending from the recently completed follow-up
drill program at the Cañada Honda copper-gold target less than 4km
to the north of La Romana."
Drill results are summarized in Table 1 and drill hole collar
details are presented in Table 2 below. Drill hole locations are
shown in Figure 1.
Step-out drill holes
The step-out drill holes have expanded the northern limits of
the La Romana copper and copper-tin-silver mineralization a further
50m to 70m down-dip on several sections, and shows the
mineralization remains open at depth. Results include broad zones
of copper mineralization and/or bands of high-grade copper
mineralization with associated strong chlorite alteration,
indicating potential for mineralization to continue at depth. The
mineralization also remains open along-strike. Selected highlights
include:
- LRD146: 30m at 0.3% Cu, 0.05% Sn and 1.8g/t Ag from
151m, including 8m at 0.6% Cu, 0.11% Sn and 3.4g/t Ag
- LRD147: 32.25m @ 0.4% Cu, 0.05% Sn and 1.3g/t Ag from
112m, including 3.25m at 1.9% Cu, 0.36% Sn and 7.6 g/t Ag
- LRD149: 0.5m at 4.6% Cu and 10.3g/t Ag from 290.8m and 0.5m at
3.1% Cu, 9.7g/t Ag from 341.9m
- LRD150: 4m at 1.2% Cu and 4.0 g/t Ag from 83m, stratigraphically above the main La Romana
mineralization
- LRD153: 36.5m at 0.3% Cu and 1.7g/t Ag from 288m
Infill drill holes
The infill drilling included testing an area previously
inaccessible due to farm infrastructure and confirmed additional
high-grade copper mineralization within a continuous zone extending
from near surface to approximately 450m down-dip (see Figure 2 below). Three
additional infill drill holes (LRD152, LRD154 and
LRD159) complement a tin
metallurgical test program and confirmed continuity of the
high-grade tin mineralization in the west. Selected highlights
include:
- LRD156: 1m at 1.5% Cu and 7.5g/t Ag from 171m; 25m at 0.3%
Cu and 1.2g/t Ag from 203m, including
1.6m at 1.9% Cu and 7.4g/t Ag; and
0.5m at 2.0% Cu and 8.4g/t Ag from
262.7m
- LRD157: 0.5m at 5.1% Cu, 24.5g/t Ag and 0.12g/t Au;
3m at 1.5% Cu and 3.6g/t Ag from
195m; and 0.65m at 1.8% Cu and 13.6g/t Ag from 228.35m
- LRD158: 0.5m at 3.0% Pb, 4.0% Zn, 0.2% Cu and 22.9g/t Ag
from 62.5m; 1m at 3.6% Cu and 19.4g/t Ag from 109m; 5.6m at 1.2%
Cu and 3.3g/t Ag from 195.4m,
including 0.35m at 10.5% Cu, 26.1g/t
Ag, 0.14g/t Au and 0.08% Co from 196.3m
- LRD154: 23m at 0.4% Cu, 0.12% Sn and 2.0g/t Ag from
33m, including 7m at 0.5% Cu, 0.23% Sn and 2.8g/t Ag (highest
tin intersections on this section)
- LRD159: 1m at 0.5% Cu, 0.68% Sn and 2.5g/t Ag from
24m; and 19m at 0.4% Cu, 0.05% Sn and 1.3g/t Ag from
37m
Table 1 – Escacena Project, drill results summary (all
intersections are >90% to approximately 100% of true
thickness)
Hole
|
From
|
To
|
Interval
|
Cu
|
Sn
|
Ag
|
Co
|
Au
|
|
Pb
|
Zn
|
|
m
|
m
|
m
|
%
|
%
|
g/t
|
ppm
|
g/t
|
|
ppm
|
ppm
|
LRD146
|
151.00
|
181.00
|
30.00
|
0.3
|
0.05
|
1.8
|
59
|
0.00
|
|
228
|
581
|
inc.
|
159.00
|
181.00
|
22.00
|
0.3
|
0.07
|
1.9
|
61
|
0.01
|
|
205
|
567
|
inc.
|
173.00
|
181.00
|
8.00
|
0.6
|
0.11
|
3.4
|
72
|
0.01
|
|
282
|
687
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD147
|
114.00
|
146.25
|
32.25
|
0.4
|
0.05
|
1.3
|
70
|
0.01
|
|
4
|
75
|
inc.
|
129.00
|
146.25
|
17.25
|
0.5
|
0.08
|
2.0
|
84
|
0.01
|
|
16
|
98
|
inc.
|
143.00
|
146.25
|
3.25
|
1.9
|
0.36
|
7.6
|
185
|
0.03
|
|
29
|
166
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD148
|
100.00
|
124.00
|
24.00
|
0.24
|
0.01
|
1.0
|
59
|
0.01
|
|
14
|
107
|
inc.
|
116.00
|
124.00
|
8.00
|
0.4
|
0.02
|
1.7
|
80
|
0.01
|
|
9
|
89
|
|
152.00
|
160.00
|
8.00
|
0.2
|
0.03
|
0.8
|
57
|
0.01
|
|
10
|
58
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD149
|
227.45
|
228.00
|
0.55
|
0.4
|
<0.01
|
15.2
|
289
|
0.26
|
|
3410
|
6010
|
|
256.80
|
258.00
|
1.20
|
0.1
|
<0.01
|
12.7
|
37
|
0.04
|
|
17800
|
4940
|
|
290.00
|
291.30
|
1.30
|
1.9
|
<0.01
|
4.4
|
359
|
0.10
|
|
20
|
242
|
inc.
|
290.80
|
291.30
|
0.50
|
4.6
|
0.01
|
10.3
|
886
|
0.25
|
|
37
|
486
|
|
341.90
|
342.40
|
0.50
|
3.1
|
0.01
|
9.7
|
369
|
0.13
|
|
268
|
459
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD150
|
22.00
|
22.50
|
0.50
|
1.1
|
<0.01
|
1.9
|
7
|
0.01
|
|
22
|
90
|
|
83.00
|
93.00
|
10.00
|
0.6
|
<0.01
|
2.1
|
46
|
0.01
|
|
19
|
227
|
inc.
|
83.00
|
87.00
|
4.00
|
1.2
|
<0.01
|
3.9
|
65
|
0.02
|
|
20
|
316
|
inc.
|
84.00
|
85.00
|
1.00
|
3.8
|
0.01
|
10.8
|
123
|
0.03
|
|
37
|
639
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD151
|
257.00
|
258.00
|
1.00
|
<0.1
|
0.01
|
1.4
|
21
|
0.01
|
|
1205
|
11950
|
|
391.00
|
392.00
|
1.00
|
1.1
|
0.01
|
2.3
|
76
|
0.02
|
|
27
|
231
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD1521
|
60.00
|
82.00
|
22.00
|
0.3
|
0.06
|
1.6
|
70
|
0.01
|
|
45
|
140
|
|
60.00
|
75.00
|
15.00
|
0.4
|
0.06
|
2.0
|
73
|
0.01
|
|
52
|
155
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD153
|
251.00
|
254.00
|
3.00
|
0.5
|
<0.01
|
2.3
|
108
|
0.01
|
|
32
|
96
|
|
271.00
|
272.00
|
1.00
|
0.8
|
<0.01
|
5.1
|
92
|
0.01
|
|
261
|
969
|
|
288.00
|
324.50
|
36.50
|
0.3
|
0.01
|
1.7
|
51
|
0.01
|
|
177
|
445
|
inc.
|
300.00
|
324.50
|
24.50
|
0.3
|
0.01
|
2.0
|
55
|
0.01
|
|
188
|
503
|
inc.
|
313.00
|
314.00
|
1.00
|
1.2
|
0.02
|
4.5
|
70
|
0.01
|
|
89
|
355
|
inc.
|
317.00
|
317.50
|
0.50
|
3.0
|
0.03
|
14.3
|
140
|
0.07
|
|
2300
|
5730
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD1541
|
33.00
|
56.00
|
23.00
|
0.4
|
0.12
|
2.0
|
94
|
0.01
|
|
51
|
131
|
inc.
|
33.00
|
46.00
|
13.00
|
0.5
|
0.14
|
2.9
|
104
|
0.01
|
|
78
|
155
|
inc.
|
36.00
|
43.00
|
7.00
|
0.5
|
0.23
|
2.8
|
122
|
0.01
|
|
47
|
155
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD155
|
36.50
|
39.00
|
2.50
|
0.5
|
<0.01
|
3.8
|
27
|
0.01
|
|
842
|
309
|
|
41.00
|
42.00
|
1.00
|
0.5
|
<0.01
|
3.2
|
15
|
0.01
|
|
544
|
387
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD156
|
171.00
|
172.00
|
1.00
|
1.5
|
0.01
|
7.5
|
94
|
0.03
|
|
144
|
151
|
|
203.00
|
228.00
|
25.00
|
0.3
|
<0.01
|
1.2
|
74
|
0.02
|
|
54
|
160
|
Inc.
|
203.00
|
204.60
|
1.60
|
1.9
|
0.01
|
7.4
|
449
|
0.08
|
|
306
|
218
|
|
262.70
|
263.20
|
0.50
|
2.0
|
0.01
|
8.4
|
315
|
0.16
|
|
100
|
390
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD157
|
110.00
|
110.50
|
0.50
|
5.1
|
0.01
|
24.5
|
409
|
0.12
|
|
140
|
481
|
|
161.00
|
162.00
|
1.00
|
0.9
|
<0.01
|
5.9
|
86
|
0.03
|
|
142
|
407
|
|
195.00
|
198.00
|
3.00
|
1.5
|
<0.01
|
3.6
|
201
|
0.03
|
|
15
|
104
|
inc.
|
196.00
|
197.00
|
1.00
|
3.6
|
0.01
|
8.8
|
422
|
0.08
|
|
27
|
137
|
|
228.35
|
229.00
|
0.65
|
1.8
|
0.01
|
13.6
|
248
|
0.10
|
|
3360
|
7150
|
|
255.00
|
256.00
|
1.00
|
0.7
|
0.02
|
7.3
|
158
|
0.06
|
|
2570
|
2180
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD158
|
62.50
|
63.00
|
0.50
|
0.2
|
<0.01
|
22.9
|
21
|
0.09
|
|
30400
|
39500
|
|
109.00
|
110.00
|
1.00
|
3.6
|
0.01
|
19.4
|
279
|
0.04
|
|
96
|
405
|
|
185.00
|
186.00
|
1.00
|
1.0
|
<0.01
|
6.6
|
130
|
0.02
|
|
12
|
149
|
|
195.40
|
201.00
|
5.60
|
1.2
|
<0.01
|
3.3
|
152
|
0.02
|
|
42
|
120
|
inc.
|
195.40
|
197.50
|
2.10
|
2.7
|
0.01
|
7.3
|
290
|
0.05
|
|
61
|
146
|
inc.
|
196.30
|
196.65
|
0.35
|
10.5
|
0.01
|
26.1
|
811
|
0.14
|
|
138
|
298
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD1591
|
24.00
|
25.00
|
1.00
|
0.5
|
0.68
|
2.5
|
70
|
0.04
|
|
75
|
95
|
|
37.00
|
56.00
|
19.00
|
0.4
|
0.05
|
1.3
|
73
|
0.01
|
|
32
|
107
|
inc.
|
48.00
|
56.00
|
8.00
|
0.4
|
0.08
|
1.3
|
80
|
0.01
|
|
30
|
141
|
inc.
|
50.00
|
51.00
|
1.00
|
1.3
|
0.02
|
1.2
|
74
|
0.01
|
|
8
|
255
|
inc.
|
52.00
|
55.00
|
3.00
|
0.3
|
0.13
|
1.5
|
87
|
0.02
|
|
20
|
108
|
|
|
|
|
|
|
|
|
|
|
|
|
LRD160
|
236.00
|
273.00
|
37.00
|
0.25
|
<0.01
|
1.0
|
64
|
0.01
|
|
123
|
27
|
inc.
|
239.00
|
242.00
|
3.00
|
1.1
|
<0.01
|
2.6
|
180
|
0.02
|
|
95
|
40
|
inc.
|
239.90
|
240.40
|
0.50
|
5.3
|
0.01
|
12.3
|
635
|
0.08
|
|
215
|
216
|
inc.
|
300.20
|
300.70
|
0.50
|
1.0
|
0.01
|
4.0
|
416
|
0.16
|
|
123
|
131
|
1 Tin metallurgy drill hole
Table 2 – Escacena Project, drill hole collar
information (Total 3745.5m)
Hole
ID
|
Easting
2
|
Northing
2
|
Azimuth
(o)
|
Dip(o)
|
Depth
(m)
|
LRD146
|
736281
|
4152845
|
180
|
-60
|
248.10
|
LRD147
|
736136
|
4152802
|
180
|
-60
|
209.30
|
LRD148
|
736085
|
4152796
|
180
|
-55
|
220.50
|
LRD149
|
736956
|
4152942
|
180
|
-60
|
424.35
|
LRD150
|
736539
|
4152884
|
180
|
-62
|
398.40
|
LRD151
|
737003
|
4152998
|
180
|
-60
|
442.85
|
LRD1521
|
736187
|
4152712
|
180
|
-55
|
86.20
|
LRD153
|
736734
|
4152936
|
180
|
-65
|
367.70
|
LRD1541
|
736233
|
4152669
|
180
|
-55
|
73.30
|
LRD155
|
736980
|
4152570
|
180
|
-55
|
89.40
|
LRD156
|
736905
|
4152811
|
180
|
-65
|
272.35
|
LRD157
|
736905
|
4152811
|
180
|
-55
|
272.50
|
LRD158
|
736903
|
4152812
|
192
|
-55
|
257.50
|
LRD1591
|
736138
|
4152687
|
180
|
-55
|
65.55
|
LRD160
|
736898
|
4152874
|
180
|
-60
|
317.50
|
1 Tin metallurgy drill
hole
2 Coordinates are in ERTS89
datum UTM29N
About the Escacena
Project
The Escacena Project comprises a large, contiguous,
5,760-hectare land package controlled 100% by Pan Global in the
east of the Iberian Pyrite Belt. Escacena is located near operating
mines at Las Cruces and Riotinto and is immediately adjacent to the
former Aznalcóllar and Los Frailes mines where Minera Los
Frailes/Grupo Mexico is in the final permitting stage with
construction anticipated to start in 2023. The Escacena Project
hosts the La Romana copper-tin-silver discovery and a number of
other prospective targets, including Romana West, Cañada Honda,
Zarcita, Hornitos, La Jarosa, Romana
Deep, Romana North, Bravo,
Barbacena, El Pozo, and San Pablo.
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 Spain, where infrastructure, mining and
professional expertise, and support for copper as a Strategic Raw
Material by the European Commission collectively define a tier-one
jurisdiction for mining investment. The Pan Global team comprises
proven talent in exploration, development, and mine operations -
all of which are committed to operating safely and with utmost
respect for the environment and our partnered communities.
QA/QC Procedures
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 Seville, Spain and assayed at the ALS
laboratory in Ireland. All samples
were crushed and split (method CRU-31, SPL22Y), and pulverized
using (method PUL-31). Gold analysis was by 50gm Fire assay with
ICP finish (method Au-ICP22) and multi element analysis was
undertaken using a 4-acid digest with ICP AES finish (method
ME-ICP61). Over grade base metal results were assayed using a
4-acid digest ICP AES (method OG-62). Over grade tin was determined
using peroxide fusion with ICP finish (method Sn-ICP81x).
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-drilling-expands-mineralization-at-la-romana-in-the-escacena-project-spain-301907516.html
SOURCE Pan Global Resources Inc.