TSX.V: PGZ | OTCQX: PGZFF | FRA: 2EU
VANCOUVER, BC, July 9, 2024
/CNW/ - Pan Global Resources Inc. ("Pan Global" or the
"Company") (TSXV: PGZ) (OTCQX: PGZFF) (FRA: 2EU) is pleased to
announce a positive result from the initial investigation of X-Ray
Transmission ("XRT") sensor technology for sorting and
pre-concentration of the La Romana copper and tin mineralization at
the Company's 100% owned Escacena Project in the Iberian Pyrite
Belt, southern Spain. Drilling
continues to test and delineate the western extent of the La Romana
copper-tin-silver deposit, which now extends 1.5km east-west over
surface.
"The positive result shows very promising potential for sorting
and pre-concentration of the copper and tin mineralization at La
Romana using TOMRA's XRT+EM technology. This widely used technology
has potential to reduce costs through the removal of waste material
prior to ore processing and help maximize the efficiency and
recovery of valuable material downstream," said Tim Moody, Pan Global's President & CEO.
"Ore sorting may also increase options to process La Romana
material at nearby mine facilities and enhance product value by
increasing average grades in the pre-concentrated material being
delivered and reducing overall volumes for processing. A further
potential benefit is to lower environmental impacts. The latest
generation of ore sorting technology is being adopted at a number
of operating mines to improve profitability, including for copper,
tin, and other commodities."
Highlights
- Initial investigation confirms the La Romana copper and tin
mineralization is amenable to ore sorting using the XRT
technology
- Ore sorting or pre-concentration of mineralized material, and
the early reduction of barren or low-grade material, has potential
to improve mill feed grades and enhance optional value of the
material for transport to nearby mines for processing
- Ore sorting technology is being used around the world to
improve economic value of mining projects
- Sorting and pre-concentration has potential to complement the
excellent recoveries and concentrate grades for copper and tin
established by Pan Global's metallurgy test program at La
Romana
La Romana Ore Sorting Tests
Pan Global recently sent samples from La Romana to the TOMRA
Sorting Mining Test Centre ("TOMRA") in Wedel, Germany. A total of 30 individual rock
fragments were passed through TOMRA's COM Tertiary XRT equipment
and electromagnetic (EM) sensor. This included copper and tin
mineralization, and barren or low-grade material. The results
demonstrate a correlation of the mineralization with the XRT
response which is a key indicator of the applicability of the
XRT+EM sorting technology at La Romana. The test program is being
managed and coordinated by Minepro Solutions SL (Spain).
Next steps include a larger sample volume to investigate the
sorting efficiency, and assess the economic benefits in the La
Romana processing flowsheet. Minepro are continuing work on
improving the processing flowsheet, basic engineering design, and
preliminary cost estimates ahead of an initial scoping study and
Preliminary Economic Assessment (PEA).
Sensor-based Ore Sorting Technology
TOMRA is a leading manufacturer of sensor-based sorting
technologies for the global mining industry. The XRT (X-Ray
Transmission) technology can make it possible to recognize and
separate materials depending on their specific atomic density. This
technology enables high separation performance in the
classification of materials based on their composition.
The latest generation TOMRA sorting technology is designed to
provide stable performance, increased capacity, higher recoveries,
and reduced cost. It can be placed at various points in a standard
mining and processing flowsheet, including the pre-concentration
phase, and allows for high volume throughput.
Sensor-based sorting is increasingly being applied in the mining
industry to increase productivity, reduce total cash costs, and
capital expenditure. Other positive benefits include reducing
energy, water, and reagent consumption, reducing waste or tailings
volumes, and potential lower cut-off grades and/or upgrade mining
reserves. Reducing the volumes of low-grade or barren material
being processed also reduces the overall environmental impact.
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 the
operating mine at Riotinto and is immediately adjacent to the
former Aznalcóllar and Los Frailes mines where Minera Los
Frailes/Grupo México is in the final permitting stage with
construction anticipated to start in 2024. The Escacena Project
hosts Pan Global's La Romana copper-tin-silver and Cañada
Honda copper-gold discoveries and a number of other
prospective targets, including, Bravo, Barbacena, El Pozo,
Romana Norte, San Pablo, Zarcita,
Hornitos, La Jarosa, and Romana
Deep, and most recently Cortijo.
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 a favourable permitting track
record, excellent 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, discovery, development, and mine operations - all
of which are committed to operating safely and with utmost respect
for the environment and our partnered communities. The Company is a
member, and operates under the principles, of the United Nations
Global Compact.
Qualified Person
Alvaro Merino, Vice President
Exploration for Pan Global Resources and a qualified person as
defined by National Instrument 43-101, has reviewed and approves
the scientific and technical information in this media release,
including the exploration and sampling by SIEMCALSA. Mr. Merino 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 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.
The forward-looking information contained in this media release
is based on information available to the Company as of the date of
this media 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.
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SOURCE Pan Global Resources Inc.
