Vancouver, British Columbia (GLOBE NEWSWIRE) — Pan Global Resources Inc. (TSXV: PGZ) (OTCPink: PGNRF), March 11, 2022, is the first drill hole completed at the Raja Rosa target of the Escasena project in southern Spain. Announced the results of. .. Actively engaged in exploration of bases and precious metals at the Pyrite Belt on the Iberian Peninsula in southern Spain, Pan Global seeks opportunities from exploration to mining development.
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See InvestmentPitchMedia for more information.videoProvides this news and additional information about the company, along with a video comment from Tim Moody, President and CEO of Pan Global.
The Escacena project is surrounded by four mines owned by major mining companies. The La Jarosa target of the Escacena project is located about 4 km northeast of La Romana and has been the focus of the company’s drilling for the past 30 months.
La Jarosa is the second of up to 12 gravity targets in Escacena and follow-up drilling is underway. New surface gravity survey results have been obtained for the Zarshita Target, Lajarosa, and the surrounding area. A time domain electromagnetic and magnetic survey with a high resolution helicopter will also be completed in the Escacena project, with final results expected in approximately 6 weeks.
Drill holes LJD-01 and LJD-02 have been completed and drill holes LJD-03 are in progress. The drill hole LJD-01 was confirmed to have a copper mineralization effect about 20 m from a similar intersection of the Exxon drill hole PJ-02 excavated in 1985. It is reported to contain about 9.5m of 1.4% copper. Management notes that only summary information is available for exon drill holes and the results cannot be audited or verified.
Analysis results for drill hole LJD-02 are pending and drill hole LJD-03 is in progress. Contains highlights for LJD-01 0.73% copper, 18.65 meters at 1 g / t silver, Includes: 4.5% copper and 10.3g at 0.4m/ t Silver and 9.5 meters, 1.2% copper and 1.1g/ t Silver..
The results of the new gravity survey highlight some strong anomalies around Rajarosa. These include some small gravity heights that are consistent with the tendency of Exxon IP’s rechargeability anomalies at La Jarosa that may be associated with the crossing copper mineralization at LJD-01.
Gravity survey results at La Zarcita extend from the work of the historic Zarcita mine under a shallow cover and highlight the trend of east-west gravity anomalies over 2 km long, consistent with soil and copper anomalies. (NR February 23, 2022). The results of the new gravity survey also highlight a large gravity anomaly just south of the work of the Zarkita mine under an untested shallow cover.
With additional soil sampling and mapping, copper anomalies and alterations in the soil spread west beyond the cover and remain open. Additional drilling is planned for La Romana, analysis of 23 completed drill holes is pending, and previous drill results show a 100% hit rate.
The stock is trading at $ 0.76. For more information, please visit the company’s website. www.PanGlobalResources.comPresident and CEO Tim Moody (+44 7766 253145) or email TMoody@PanGlobalResources.com..
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InvestmentPitch Media Video describes the results of the Pan Global resource for the first drill hole completed at the Raja Rosa target of the Escasena project in southern Spain.Canada Business Journal
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