Pan Global Drilling Continues to Expand Near Surface Copper-Tin Mineralization at La Romana and Drilling Commences at Nearby La Jarosa, Escacena Project, Southern Spain

Pan Global Drilling Continues to Expand Near Surface Copper-Tin Mineralization at La Romana and Drilling Commences at Nearby La Jarosa, Escacena Project, Southern Spain

  • 10.1m at 2.5% CuEq, including 5.35m at 4.2% CuEq

  • Assays up to 2.96% Sn associated with cassiterite

  • La Romana mineralization expanded further to the West

  • Drilling commences at the La Jarosa target within the recently granted Al Andaluz permit

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce new drill results and the expansion of the La Romana mineralized target area at the Escacena Project in the Iberian Pyrite Belt, southern Spain. Exploration is also in progress on the adjoining Al Andaluz permit area within the Escacena Project where drilling has commenced at the La Jarosa target.

Tim Moody, Pan Global President and CEO states: "The latest results further confirm that high-grade copper mineralization continues near to surface at La Romana, with recent drilling returning more than 2% Cu over 10.1m from less than 10m below surface. The new drill results also extend the copper and tin mineralization to the west and show that the mineralization is wide open in several directions. It should also be noted that further results are also awaited for more than 20 drill holes."

Mr. Moody added: "These latest results are very encouraging and continue to expand the near surface high-grade copper/tin target at La Romana, the first of several gravity targets on the Escacena Project. Following the recent grant of the Al Andaluz permit we have rapidly mobilized a drill rig and are excited to have commenced drilling the first hole at the La Jarosa copper target, some 4 km from La Romana. An extensive exploration program is also now in progress, including gravity and surface geochemistry surveys, and a high-resolution airborne electromagnetic survey due to begin within the next two-weeks. Once data is available from this work the Company plans to commence a substantial follow up drill program throughout 2022."

Highlights include:

  • 10m at 2.5% CuEq (2.02% Cu, 0.09% Sn, 9.2g/t Ag) from 10.9m in LRD90, including

    • 5.35m at 4.2% CuEq (3.49% Cu, 0.14% Sn, 15.2g/t Ag)
  • 30.2m at 0.8% CuEq (0.42% Cu, 0.09% Sn, 3g/t Ag) from 122.3m in LRD83, including

    • 9m at 1.01% CuEq (0.51% Cu, 0.12% Sn, 3.7g/t Ag)
    • 1.05m at 1.9% Cu, 0.3% Sn, 23.9g/t Ag, 0.16g/t Au, 1% Pb, 1.5% Zn

  • 17m at 0.8% CuEq (0.74% Cu, 0.011% Sn, 1.9g/t Ag) from 107m in LRD98, including

    • 6m at 1.8% CuEq (1.62% Cu, 0.023% Sn, 4.2g/t Ag)

  • 11m at 0.7% CuEq (0.61% Cu, 0.01% Sn, 1.6g/t Ag) from 107m in LRD99, including

    • 4m at 1.3% CuEq (1.17% Cu, 0.02% Sn, 2.8g/t Ag)

  • 0.3m at 12% CuEq (0.48% Cu, 2.96% Sn, 2.5g/t Ag) from 43.8m and
    16m at 0.7% CuEq (0.57% Cu, 0.04% Sn, 1.9g/t Ag) from 80m in LRD104,including
  • 5m at 1.5% CuEq (1.2% Cu, 0.07% Sn, 4g/t Ag)

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5190/112722_d19c8acac4f82bc9_001.jpg

Figure 1 - La Romana geophysics targets and drill hole locations with selected highlights. Newly reported drill hole results are highlighted in yellow.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5190/112722_d19c8acac4f82bc9_001full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/5190/112722_d19c8acac4f82bc9_002.jpg

Figure 2 - Summary drill hole cross sections with new drill holes LRD83 (Section 736285 E) and LRD90 (Section 736435 E) highlighted in yellow. Previous drill hole results are provided in the Company's news releases on 23-October-2019, 22-April-2020, 28-May-2020, 2-November-2020, 6-July-2021and 7-October-2021.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/5190/112722_d19c8acac4f82bc9_002full.jpg

Drill results

The latest drill results are from nine holes completed in 2021 in the Phase 4 drill program at the La Romana discovery. Drill holes LRD90 and 92 tested near-surface extension up-dip from previous drill holes LRD05 and LRD31, respectively. Drill holes LRD98, 99 and 104 were aimed at extending the mineralization to the west. LRD 82, 83 and 88 tested down-dip extensions and hole LRD87 tested for mineralized extensions in the far east of the target area.

Drill hole locations are shown in Figure 1 and summary cross sections with holes LRD83 to LRD90 are provided in Figure 2 above.

Drill hole collar information is provided in Table 1 below. Assay results are summarized in Table 2. The drill holes were all inclined towards the south or southwest and all reported drill intervals are approx. true thickness.

Table 1 Escacena Project, La Romana drill hole collar information (Total 1659.7m)

Hole IDEasting1Northing1Azimuth (º)Dip (º)Depth (m)
LRD827368444152695180-55194.15
LRD837362874152799180-55209.3
LRD877371334152660180-55161.15
LRD887365854152791180-60251.3
LRD907364364152628180-5592.2
LRD927368354152595180-50137.3
LRD987360394152806180-55221.1
LRD997360394152808220-55199.1
LRD1047360554152761190-60194.1

 

1Coordinates are in ERTS89 datum UTM29N


Table 2 - Escacena Project, La Romana drill results summary

HoleFrToIntCuEq1CuSnAg
CoAuPbZn



m%%ppmg/t
ppmg/tppmppm
LRD8267.0068.301.301.271.22513.6
1240.0340370

106.40114.808.400.540.461512.8
630.01135474
incl.106.40107.501.101.171.041796.7
770.013771063
 











LRD83122.30152.5030.200.780.428593.0
610.01431823
incl.126.00135.009.001.010.5112033.7
670.01160535
incl.146.50152.506.000.990.637975.5
620.0317872811
incl.151.45152.501.053.281.91298023.9
690.16998015050
 











LRD8794.00121.4027.400.040.01341.4
170.0217593653
 











LRD8816.0028.4012.400.190.17411.0
320.0224153

89.8090.050.250.140.031910.8
1770.0680202180

143.30151.007.700.370.291661.9
630.00177389

164.50170.005.500.370.126251.2
640.00155668

218.60224.005.400.480.362632.1
590.01107308

230.70230.950.250.800.3847525.1
2740.2470006690

 










LRD9010.9053.0042.100.750.593512.8
660.0193381
incl.10.9021.0010.102.472.029199.3
1310.02151846
incl.14.7520.105.354.193.49144415.2
1840.042341363
incl.39.0045.706.700.390.253461.2
520.0079236




 







LRD9226.9538.2011.250.380.272511.7
660.0237177
incl.33.2538.204.950.560.403772.0
900.0347203

61.0061.550.551.100.864547.0
1230.04318439

129.95131.401.450.860.751146.5
640.17288495


 









LRD9898.00101.053.050.440.41381.1
600.011068

107.00124.0017.000.800.741122.0
710.0168130
incl.116.80122.806.001.751.622394.2
1080.02174235
incl.121.45122.801.355.665.3837514.1
2610.05391657

202.95203.250.301.281.25362.0
640.01491


 









LRD99107.00118.0011.000.660.61941.6
730.0151195
incl.111.00115.004.001.261.171552.8
960.0142197

146.75154.707.950.400.263560.9
480.01649

146.75151.104.350.570.384701.3
590.01649

178.50178.800.302.621.9217701.5
1730.051879



 








LRD10443.8044.100.3011.970.48296002.5
450.032051

80.0096.0016.000.740.573831.9
910.0138135
incl.91.0096.005.001.491.206544.0
1130.0298263

119.75121.001.252.321.978252.7
2320.064080

 

1No adjustments were made for metal recovery as the project is an early-stage exploration project and metallurgical data to allow for estimation of recoveries is not yet available. Pan Global Resources defines Copper Equivalent (CuEq) calculation for exploration reporting and comparative purposes only. Copper-equivalence calculated as: CuEq (%) = Cu (ppm) + (Sn (ppm) × 3.875) + (Ag (ppm) x 94.63) / 10000, utilizing metal prices of Cu - USD$7,441 per tonne, Sn - USD$30,000 per tonne and Ag - USD$22.8 per oz. Metal prices used: Copper USD$7,741 per tonne, Silver USD$22.66 per Troy oz and Tin USD$30,000 per tonne. The metal values are approx. based on LME 2020-2021 average Copper and Silver settlement prices and LME 2021 average tin settlement prices (rounded down).

The results add near-surface copper and tin mineralization in the west and extends the mineralization to more than 1.2km strike. The latest drill results continue to show that the mineralization remains wide open in the west, up-dip and down-dip in some sections. The copper mineralization appears to plunge to the northeast where it remains open.

The primary mineralization includes mainly stockwork, semi-massive sulphides and bands of massive sulphide, with chalcopyrite as the primary copper mineral and cassiterite as the only observed tin mineral. The copper mineralization is also associated with elevated levels of silver, cobalt and gold. A metal zonation is also apparent, progressing from copper and tin in the west to copper and zinc in the east.

Drill hole LRD82 is located approx. 50m down-dip from hole LRD31 with the copper mineralization thinning in this area with negligible tin content. Results include:

  • 1.3m at 1.3% CuEq (1.22% Cu, 51ppm Sn, 3.6g/t Ag) from 67m (downhole)

  • 8.4m at 0.5% CuEq (0.46% Cu, 0.015% Sn, 2.8g/t Ag) from 106.4m, including

    • 1.1m at 1.17% CuEq (1.04% Cu, 0.02% Sn, 6.7g/t Ag)

Drill hole LRD83 confirms a 30m wide zone of copper and tin mineralization remains wide open approx. 50m down-dip in the west of the drill area. Results include:

  • 30.2m at 0.8% CuEq (0.42% Cu, 0.09% Sn, 3g/t Ag) from 122.3m, including

    • 9m at 1.0% CuEq (0.51% Cu, 0.12% Sn, 3.7g/t Ag) and
    • 6m at 1.0% CuEq (0.63% Cu, 0.08% Sn, 5.5g/t Ag), including
      • 1.05m at 3.3% CuEq (1.91% Cu, 0.3% Sn, 23.9g/t Ag) plus 0.16g/t Au, 1.0% Pb, 1.5% Zn

Drill hole LRD87 was a shallow test in the east and intersected a 27.4m thick mineralized zone grading approx. 0.5% Pb+Zn (0.18% Pb, 1.51% Zn) from 94m.

Drill hole LRD88 tested approx. 50m down dip from hole LRD53 showing a shallow low grade oxide copper zone and several narrow intervals with anomalous copper, tin, cobalt, lead, zinc and silver. Results include:

  • 12.4m at 0.2% Cu (oxide) from 16m

Drill hole LRD90 intersected near-surface high grade copper mineralization immediately beneath post-mineral cover sediments, extending the mineralization approx. 20m up-dip from hole LRD05. Results include:

  • 10.1m at 2.5% CuEq (2.02% Cu, 0.09% Sn, 9.3g/t Ag) from 10.9m, including

    • 5.35m at 4.2% CuEq (3.5% Cu, 0.14% Sn, 15.2g/t Ag)

Drill hole LRD92 tested the near-surface copper mineralization up-dip from LRD31 in the east of the drill area. The hole intersected a shallow zone of low-grade oxide copper mineralization and several deeper thin semi-massive sulphide layers. Results include:

  • 11.25m at 0.4% CuEq (oxide; 0.27% Cu, 0.03% Sn, 1.7g/t Ag) from 26.95m, including

    • 4.95m at 0.6% CuEq (oxide + chalcocite; 0.4% Cu, 0.04% Sn, 2g/t Ag)

  • 0.55m at 1.1% CuEq (0.86% Cu, 0.05% Sn, 7g/t Ag) from 61m

Drill hole LRD98 confirmed that the copper mineralization continues in the far west of the drill area and remains wide open. Results include:

  • 17m at 0.8% CuEq (0.74% Cu, 0.011% Sn, 2g/t Ag) from 107m, including

    • 6m at 1.8% CuEq (1.62% Cu, 0.02% Sn, 4.2g/t Ag), which includes
      • 1.35m at 5.7% CuEq (5.38% Cu, 0.04% Sn, 14.1g/t Ag)

  • 0.3m at 1.3% CuEq (1.25% Cu, 2g/t Ag) from 202.95m

Drill hole LRD99 extended the copper mineralization along-strike approx. 50m west of hole LRD98 and remains wide open in the direction of the historic La Romana mine workings. Results include:

  • 11m at 0.7% CuEq (0.61% Cu, 0.01% Sn, 1.6g/t Ag) from 107m, including

    • 4m at 1.3% CuEq (1.17% Cu, 0.01% Sn, 2.8g/t Ag)

  • 0.3m at 2.6% CuEq (1.92% Cu, 0.18% Sn, 1.5g/t Ag) from 178.5m

Drill hole LRD104 was drilled approx. 50m up-dip from hole LRD98 and shows the mineralization remains open up-dip and along-strike to the west. Results include:

  • 0.3m at 12% CuEq (0.5% Cu, 2.96% Sn, 2.5g/t Ag) from 44.1m

  • 16m at 0.7% CuEq (0.57% Cu, 0.04% Sn, 1.9g/t Ag) from 80m, including

    • 5m at 1.5% CuEq (1.2% Cu, 0.07% Sn, 4g/t Ag)

  • 1.25m at 2.3% CuEq (1.97% Cu, 0.08% Sn, 2.7g/t Ag)

Assay results are pending for an additional 23 completed drill holes including several drill holes with strong copper mineralization evident in drill core. A total of 117 drill holes have now been completed at the La Romana discovery.

Al Andaluz Exploration Program

A major exploration program is planned for the recently granted Al Andaluz permit area, including:

  • a high resolution airborne electromagnetic (AEM) survey due to commence in the next two weeks;
  • regional ground gravity surveys over the entire area;
  • soil and rock geochemical sampling survey over selected targets;
  • ground geophysics over targets selected from the AEM;
  • detailed gravity and geochemical surveys over selected targets; and
  • drilling.

The 2022 plan includes up to 20,000m of drilling at the Escacena Project (approx. 40 to 60 holes), most of which will test targets generated from the regional surveys. A significant follow-up drill program (meterage to be determined) is also expected in the second half of 2022.

Drilling has commenced on the La Jarosa target in Al Andaluz designed to follow-up the historic Exxon drill hole PJ2 1985 which intersected 9.5m at 1.42% Cu. A second drill hole is also planned to test dip extensions to the mineralization. The Exxon drill hole was never followed up and the drill core is no longer available to verify the results. The Company makes no representation as to the reliability or accuracy of the historical Exxon drill results.

QA/QC

Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.4 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). Tin was analysed in selected intervals using Lithium borate fusion and ICP MS finish (method ME-MS81). 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 Person

James Royall, P Geo, VP Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release. Mr. Royall is not independent of the Company.

About Pan Global Resources

Pan Global Resources Inc. is actively engaged in base and precious metal exploration in southern Spain and is pursuing opportunities from exploration through to mine development. The Company is committed to operating safely and with respect to the communities and environment where we operate.

On behalf of the Board of Directors
www.panglobalresources.com

FOR FURTHER INFORMATION PLEASE CONTACT:
Tmoody@panglobalresources.com
+44 7766 253145

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/112722

News Provided by Newsfile via QuoteMedia

PGZ:CA
The Conversation (0)
PAN GLOBAL INTERSECTS 1.04% COPPER OVER 15.9 METERS AT WESTERN EXPANSION OF LA ROMANA COPPER-TIN-SILVER DISCOVERY

PAN GLOBAL INTERSECTS 1.04% COPPER OVER 15.9 METERS AT WESTERN EXPANSION OF LA ROMANA COPPER-TIN-SILVER DISCOVERY

TSXV: PGZ | OTCQX: PGZFF

  • Highest grades intersected to-date in the current 25-hole drill program
  • New drilling confirms continuation of high-grade near-surface copper-tin-silver (Cu-Sn-Ag) mineralization
  • Mineralization remains wide open, with grades increasing to the west and down-dip to the north

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to announce the intersection of additional high-grade near-surface copper mineralization at the Company's 100% owned Escacena Project in the Iberian Pyrite Belt in southern Spain .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
PAN GLOBAL COMPLETES UPSIZED $6 MILLION PRIVATE PLACEMENT FINANCING

PAN GLOBAL COMPLETES UPSIZED $6 MILLION PRIVATE PLACEMENT FINANCING

/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

TSXV: PGZ | OTCQX: PGZFF

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
PAN GLOBAL INCREASES PRIVATE PLACEMENT FINANCING FROM $2 MILLION TO $6 MILLION DUE TO STRONG DEMAND

PAN GLOBAL INCREASES PRIVATE PLACEMENT FINANCING FROM $2 MILLION TO $6 MILLION DUE TO STRONG DEMAND

/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

TSXV: PGZ | OTCQX: PGZFF

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
PAN GLOBAL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

PAN GLOBAL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

TSXV: PGZ  | OTCQX: PGZFF

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
PAN GLOBAL ANNOUNCES FIRST ESG REPORT

PAN GLOBAL ANNOUNCES FIRST ESG REPORT

TSXV: PGZ | OTCQX: PGZFF

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to announce completion of the Company's first sustainability assessment report from Digbee ESG ™ ("Digbee"), a leading independent assessment platform for the mining industry.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
True North Copper

TNC Operational Update - Cloncurry Copper Project’s Mining Restart

True North Copper Limited (ASX:TNC) (True North, TNC or the Company) is pleased to provide an operational update on the mining restart at its 100% owned Cloncurry Copper Project (CCP).

Keep reading...Show less
Copper ore in foreground, with world map showing countries in copper on black background.

Copper Reserves: Top 5 Countries (Updated 2024)

Copper has become a hot topic due to its role in the green energy transition and its necessity for urbanization. However, the lack of incoming supply in the long term has experts concerned.

The term “peak copper” was coined because some experts believe that copper reserves may be diminishing; as a result, it’s prudent to know the top copper reserves by country when considering investing in the mining industry.

The Copper Development Association pegs current known worldwide copper ore resources at nearly 5.8 trillion pounds, of which only about 0.7 trillion pounds, or 12 percent, have been mined throughout history. Plus, nearly all of that mined copper is still in circulation, as the red metal’s recycling rate is higher than that of any other engineering metal.

Keep reading...Show less
Forum Commences Mobilization for 10,000 Metre Drill Program at the Aberdeen Uranium Project, Thelon Basin, Nunavut

Forum Commences Mobilization for 10,000 Metre Drill Program at the Aberdeen Uranium Project, Thelon Basin, Nunavut

Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces it has commenced mobilization of its camp, fuel, equipment and second drill to its camp location on the Aberdeen Uranium Project, located adjacent to Orano's 133 million pound Kiggavik uranium deposit in the Thelon Basin, Nunavut. Forum plans a 10,000 metre drill program just two months away in June to follow-up on its successful drill program in 2023. Four drill holes into the Tatiggaq deposit intersected up to 2.25% U3O8 over 11.1 metres over a 200-metre strike length. The structure hosting uranium mineralization extends for 1.5 kilometres within a highly altered uranium mineralized system.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Copper bars.

Copper Crunch Coming as Demand Rises and Mine Supply Falls Short

Since the advent of electricity, copper has played an essential role in energy generation and transmission. It will be similarly unreplaceable as the world moves away from fossil fuels to more sustainable sources of energy.

Pierre Lassonde, founder and chair emeritus of Franco-Nevada (TSX:FNV,NYSE:FNV), emphasized this during the "Where Will the Money Come From?" panel at the Prospectors & Developers Association of Canada (PDAC) convention.

“Copper is required for everything, and today 80 percent of terminal energy is carbon based and only 20 percent is electricity," he said. "If we want a green world, that has to be flipped around, where 80 percent of terminal energy has to be electricity. And the metal that carries electricity is copper in every which way. That is the key metal."

Keep reading...Show less
Avrupa Minerals CEO Paul Kuhn

Avrupa Minerals CEO Eyes Joint Ventures for VMS Projects in Europe

Avrupa Minerals (TSXV:AVU,OTC Pink:AVPMF,FWB:8AM) has achieved exploration milestones at the fully funded Alvalade copper-zinc volcanogenic massive sulfide project in Portugal and the Slivova gold project in Kosovo. CEO Paul Kuhn is keen to look for potential joint ventures to advance the company's projects.

“The idea is that we start the early phases of the project," he said. "We do the early exploration and hopefully discovery, which we've done at Slivova in Kosovo and the Sesmarias (target) in Portugal, and get them to a point where they are 'venturable.'”

Joint ventures, according to Kuhn, work better by allowing Avrupa and its partners to work together and resolve any problems related to exploration.

Keep reading...Show less
World Copper CEO Gordon Neal

New World Copper CEO Shares Plans to Advance Zonia Copper Project to Production

World Copper’s (TSXV:WCU) newly appointed CEO Gordon Neal wants to focus on advancing the Zonia copper oxide project in Arizona, US, to the development stage and transforming World Copper into a US-centric copper company.

“The US government, the Department of Energy, has determined that copper is a critical metal. And so there’s lots of attention and funds available for companies that have a US-domiciled project,” he said.

World Copper’s Zonia project has undergone extensive historical exploration and mine development planning, with a historical 2018 preliminary economic assessment and 2017 mineral resource estimate that show excellent economics, a mine life of 8.6 years and an average annual production rate of 49.1 million pounds.

Keep reading...Show less

Latest Press Releases

Related News

×