RE: MTR the place to be19 May 2021 14:57
PGZ Pan Global
Pan Global Drills 52.6m of 1.0% CuEq from near Surface at Escacena Project, Southern Spain
Newsfile 52 minutes ago
Tim Moody, Pan Global President and CEO states: "The new drilling continues to expand the open pit target and the copper zone remains wide open in all directions. The new results include an exceptional near surface intercept of greater than 50m-thickness with high copper grades in the eastern strike extension, including an upper interval with high-grade supergene enrichment style chalcocite mineralization. The new results also extend the mineralization down-dip. The simple tabular geometry and moderate dip of the mineralization looks well suited to an open pit."
Results have been received for an additional four drill holes (LRD38, LRD39, LRD40 and LRD42) at the La Romana target, in the Escacena Project. Drilling is ongoing with assay results pending for an additional eighteen completed holes.
Highlights include:
52.6m at 1.00% copper equivalent (CuEq) (0.76% Cu, 0.05% Sn, 3.8g/t Ag, 0.01g/t Au) from 42.4m in LRD40, including;
26.6m at 1.39% CuEq (1.13% Cu, 0.05% Sn, 5.0g/t Ag, 0.01g/t Au) from 42.4m
16m at 0.87% CuEq (0.60% Cu, 0.052% Sn, 4.6g/t Ag, 0.017g/t Au) from 38m in LRD39, including;
10m at 1.25% CuEq (0.84% Cu, 0.07% Sn, 6.5g/t Ag, 0.02g/t Au, 0.013% Co) from 44m,
https://stockhouse.com/news/press-releases/2021/05/19/pan-global-drills-52-6m-of-1-0-cueq-from-near-surface-at-escacena-project