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 .

Assay results for five new drill holes from the western extension of the La Romana copper-tin-silver discovery confirm the mineralization extends over more than 1.35 kilometers of strike and remains open. These drill results include the highest grades intersected to-date in the current 25-hole drill program aimed at testing the western extension of the La Romana mineralization.

Highlights:
  • LRD171 : 15.9m at 1.15% CuEq 1 (1.04% Cu, 0.03% Sn, 2.4 g/t Ag) from 79m , including 9.9m at 1.70% CuEq 1 (1.57% Cu, 0.04% Sn, 3.6 g/t Ag);
  • LRD170 : 12m at 1.04 % CuEq 1 (0.80% Cu, 0.09% Sn, 2.1 g/t Ag) from 61m , including 7m at 1.47% CuEq 1 (1.16% Cu, 0.11% Sn, 2.9 g/t Ag);
  • LRD168 : 13m at 1.02% CuEq 1 (0.67 % Cu, 0.13% Sn, 1.6 g/t Ag) from 52m , including 7m at 1.43% CuEq 1 (0.96% Cu, 0.17% Sn, 2.2 g/t Ag)
  • A down-hole electromagnetic (DHEM) conductor anomaly from LRD171 provides a strong indication the higher-grade mineralization continues down-dip and will be targeted for future drilling

Drill hole locations are shown in Figure 1 below. Drill hole assay results are summarized in Table 1 and collar details are presented in Table 2 below.

"It is very encouraging that our ongoing drill program at La Romana confirms extensions to the high-grade copper-tin mineralization. The potential to expand the high-grade mineralization further along-strike to the west and down-dip is exciting. The east-west strike length of La Romana is now more than 1.35 kilometers and remains open, with step-out drilling ongoing," said Tim Moody , President and CEO of Pan Global.

"The combination of continuous near-surface copper-tin mineralization, simple and predictable geometry, and favourable metallurgy are significant advantages for potential open-pit development at La Romana," said Mr. Moody. "The C$6 million non-brokered private placement financing that closed earlier this week puts us in a strong position to fund a multi-target exploration program and maiden Resource for La Romana."

Figure 1 – Gravity anomaly map for the La Romana target showing drill hole locations with selected results, and cross-section locations A-A' (Figure 2) and B-B' (Figure 3). (CNW Group/Pan Global Resources Inc.)

The main La Romana copper mineralization occurs in two highly continuous layers, Zone B and Zone C, commencing from surface or directly below a thin cover of post-mineral sediments. The new results show the copper mineralization in Zone B is increasing in grade and thickness in the west. A deeper high-grade copper layer, Zone D, is also present in several recent drill holes, and represents an additional prospective target horizon.

Copper mineralization intersected in drill holes includes primary chalcopyrite, overprinted at shallow depths by secondary/supergene copper sulphide (chalcocite) and an overlying oxide zone with local native copper and copper oxides. Chalcocite is a high copper content mineral, indicating upgrading of the copper mineralization at the base of the oxide zone. This represents an additional target for higher grade copper. The tin mineralization is cassiterite, the preferred mineral for commercial extraction.

Additional results are pending for eight completed drill holes at La Romana and preparations are underway for follow-up drilling at the recent Cañada Honda copper-gold discovery approximately 4km to the north.

Figure 2 – Cross section 736865m East, A-A', showing assay results and copper grade shells for drill holes LRD170 and LRD171, with mineralization from surface and grade increasing and open down-dip. A DHEM conductor anomaly (approx. dimensions 290m x 90m) indicates potential continuation of the high-grade mineralization. (CNW Group/Pan Global Resources Inc.)

Figure 3 – Cross section 735965m East, B-B', showing selected assay results and copper grade shells for new drill holes LRD167 and LRD168, with near-surface mineralization and grade increasing and open down-dip. (CNW Group/Pan Global Resources Inc.)

Table 1 – La Romana new drill results summary

Hole ID

From

To

Interval

CuEq 1

Cu

Sn

Ag


Au

Pb

Zn

True
Thickness


m

m

m

%

%

%

g/t


g/t

ppm

ppm

(m)

LRD167

20.00

33.05

15.05

0.49

0.32

0.06

1.2


0.01

25

81

12.43

and

73.00

80.00

7.00

0.64

0.50

0.05

1.4


0.02

14

59

5.78

and

117.95

118.50

0.55

1.70

1.57

0.05

0.5


0.02

13

95

0.45

LRD168

43.00

57.55

14.55

0.93

0.61

0.12

1.4


0.02

15

109

14.27

including

43.00

56.00

13.00

1.02

0.67

0.13

1.6


0.02

17

108

12.75

including

47.00

56.00

7.00

1.43

0.96

0.17

2.2


0.03

29

138

6.87

LRD169

52.00

59.00

7.00

1.05

0.97

0.03

2.0


0.01

16

96

5.34

including

56.00

59.00

3.00

2.26

2.11

0.05

4.3


0.02

13

105

2.29

and

101.00

111.00

10.00

0.53

0.33

0.07

0.7


0.03

10

59

7.63

and

140.00

141.00

1.00

1.68

1.64

0.01

4.7


0.02

25

176

0.76

LRD170

61.00

73.00

12.00

1.04

0.80

0.09

2.1


0.01

5

77

11.82

including

66.00

73.00

7.00

1.47

1.16

0.11

2.9


0.02

5

89

6.90

including

69.00

71.40

2.40

3.20

2.64

0.20

6.2


0.04

8

137

2.36

and

93.00

100.00

7.00

0.44

0.36

0.03

0.7


0.02

7

49

6.90

and

148.00

150.00

2.00

1.21

1.18

0.01

2.0


0.01

76

93

1.97

LRD171

79.00

97.00

18.00

1.03

0.94

0.03

2.2


0.01

5

83

14.74

including

79.00

94.90

15.90

1.15

1.04

0.03

2.4


0.01

6

88

13.02

including

85.00

94.90

9.90

1.70

1.57

0.04

3.6


0.02

6

104

8.11

including

92.00

94.90

2.90

4.28

4.08

0.06

8.9


0.05

12

209

2.38

and

123.00

130.00

7.00

0.56

0.40

0.06

0.9


0.01

45

51

5.73

and

183.25

184.15

0.90

3.64

3.59

0.01

2.7


0.02

18

103

0.74

1 Copper Equivalent = CuEq. CuEq is calculated using Cu, Sn, and Ag grades. Metallurgical recoveries include 86% for Cu, 68% for Sn and 56% for Ag, based on preliminary studies performed by Wardell Armstrong International and MinePro. The CuEq calculation uses US$ 8,693/tonne Cu, US$ 29,069/tonne Sn and US$ 23.72/oz Ag, corresponding to the three-year monthly price averages to July 2023. The effective formula is [CuEq %] = [Cu %] + 2.6440 * [Sn %] + 0.0057 * [Ag ppm]

Table 2 – La Romana drill hole collar information (5 holes, total 792.10m )

Hole ID

Easting 2

Northing 2

Azimuth ( o )

Dip ( o )

Depth (m)

LRD167

735976

4152716

156

-50

122.15

LRD168

735954

4152761

180

-50

125.55

LRD169

735865

4152803

240

-60

191.65

LRD170

735866

4152806

180

-55

155.65

LRD171

735866

4152807

0

-90

197.1

2 Coordinate system: UTM29N ERTS89

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 2024. The Escacena Project hosts the La Romana copper-tin-silver discovery and a number of other prospective targets, including Cañada Honda, Romana North, Bravo, Barbacena, El Pozo, San Pablo, Zarcita, Hornitos, La Jarosa, and Romana Deep .

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 media release. Mr. Royall is not independent of the Company.

On behalf of the Board of Directors

www.panglobalresources.com

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.

Pan Global Resources Inc. Logo (CNW Group/Pan Global Resources Inc.)

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/pan-global-intersects-1-04-copper-over-15-9-meters-at-western-expansion-of-la-romana-copper-tin-silver-discovery-301979335.html

SOURCE Pan Global Resources Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2023/07/c5548.html

News Provided by Canada Newswire via QuoteMedia

PGZ:CA
Pan Global Resources

Pan Global Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Pan Global Resources (TSXV:PGZ)

Pan Global Resources


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
PAN GLOBAL ONGOING DRILLING EXTENDS STRIKE OF LA ROMANA NEAR-SURFACE COPPER-TIN-SILVER MINERALIZATION TO 1.35 KILOMETERS

PAN GLOBAL ONGOING DRILLING EXTENDS STRIKE OF LA ROMANA NEAR-SURFACE COPPER-TIN-SILVER MINERALIZATION TO 1.35 KILOMETERS

TSXV: PGZ | OTCQX: PGZFF

  • Romana West drilling extends La Romana mineralization 150m to the west
  • Copper-tin grades increasing to the west
  • Investor webcast with CEO Tim Moody to discuss results will be held on Wednesday, September 20, 2023 at 11 a.m. Eastern Time / 8 a.m. Pacific Time . Details at end of this release

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to announce assay results for the first six holes drilled at the Romana West target, testing extensions to the La Romana copper-tin-silver discovery 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
Pampa Metals Options Copper-Gold Project Along San Juan Porphyry Belt. Historical Unaudited Intervals Include 413.5m from 167 @ 0.47% Cu and 0.52 g/t Au *

Pampa Metals Options Copper-Gold Project Along San Juan Porphyry Belt. Historical Unaudited Intervals Include 413.5m from 167 @ 0.47% Cu and 0.52 g/t Au *

Pampa Metals Corp. ("PMC" or the "Company") (CSE:PM)(FSE:FIRA)(OTCQX:PMMCF) is pleased to announce that on November 30, 2023 it entered into an option and joint venture agreement with Compañia Minera Piuquenes S.A (a Panamanian entity) to acquire an 80% interest in the Piuquenes porphyry copper-gold project located in the San Juan province, Argentina. Proximal to the globally significant El Pachón (Glencore) and Altar (Aldebaran Resources) Projects, the Piuquenes porphyry copper-gold project has been privately held since its discovery

Piuquenes Porphyry Copper-Gold Project

Keep reading...Show less
Dr. Jack Milton and the Fireweed Metals Team Receive the 2023 AME H.H. "Spud" Huestis Award

Dr. Jack Milton and the Fireweed Metals Team Receive the 2023 AME H.H. "Spud" Huestis Award

Fireweed Metals CORP. ("Fireweed") (TSXV: FWZ; OTCQB: FWEDF; FSE: M0G) is pleased to share that Dr. Jack Milton, VP Geology, and the Fireweed Team have been announced as the recipients of the prestigious 2023 Association for Mineral Exploration (AME) H.H. "Spud" Huestis Award for applying a combination of progressive and innovative prospecting techniques and geoscientific technologies leading to the discovery of Boundary West and the expansion of significant mineral resources at the Macmillan Pass ("Macpass") Project, Yukon.

Highlights

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Heritage Mining - Drill Program Update and Planned Alcona Phase II Drill Program

Heritage Mining - Drill Program Update and Planned Alcona Phase II Drill Program

(TheNewswire)

Heritage Mining Ltd.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canadian North Resources Inc. Reports Exceptional Operational and Financial Results for the Third Quarter Ended September 30, 2023

Canadian North Resources Inc. Reports Exceptional Operational and Financial Results for the Third Quarter Ended September 30, 2023

Highlights:

  • Completed 21,126 metres in 78 holes for the planned 20,000-metre drilling program in 2023.
  • Intersected high-grade nickel, copper, cobalt, palladium and platinum massive to semi-massive sulphides and wide disseminated sulphide mineralized zones, e.g.,
    • 10 metres grading 0.48% Ni, 1.48% Cu, 0.06% Co, 1.28g/t Pd and 0.06g/t Pt in hole FL23-481B.
    • 112.5 metres grading 0.16% Ni, 0.23% Cu, 0.02% Co, 0.35g/t Pd and 0.06g/t Pt in hole FL23-527B.
  • Expanded >3,000 metres in total of the main mineralized zones along the strike (1,600 m in West Zone and 1,400 m in East Zone); extended the satellite mineralized zones for 200-450 metres.
  • Adding results of 39,270 metres in 145 holes of new diamond drilling in 2021-23 to the project database for the completion of an updated Mineral Resources estimation.

Canadian North Resources Inc. ("the Company", TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report the operational and financial results for the third quarter ended September 30, 2023.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Canadian North Resources Inc. Further Extends Three Copper-Nickel-Cobalt-PGM Sulphide Mineralized Zones and Continues Unveiling Growth Potential at the Ferguson Lake Project in Canada

Canadian North Resources Inc. Further Extends Three Copper-Nickel-Cobalt-PGM Sulphide Mineralized Zones and Continues Unveiling Growth Potential at the Ferguson Lake Project in Canada

Highlights:

  • Three copper-nickel sulphide zones further extended along strike for: 200 m west of West Zone; 450 m of M-Zone, and 300 by 200 m of Anomaly-51 Zone;
  • Two new sulphide zones confirmed: northeast extension of Anomaly-51 Zone and south of Central Zone.
  • Significant (>3 – 15 metres) massive to semi-massive sulphides and widened (up to 112.5 metres) disseminated sulphide mineralized zones intersected:
    • 15.0 metres grading 0.36%Ni, 0.48% Cu, 0.05% Co, 0.70g/t Pd, 0.08g/t Pt and 0.06g/t Rh in FL23-527 hole.
    • 112.5 metres grading 0.16% Ni, 0.23% Cu, 0.02% Co, 0.35g/t Pd, 0.06g/t Pt and 0.02g/t Rh in FL23-527B hole.

Canadian North Resources Inc. ("the Company", TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report the return of assay results from 26 remaining holes drilled during the summer, which is the final portion of the 21,126-metre 2023 diamond drilling program completed at its 100% owned Ferguson Lake Project ("Ferguson Lake Project") in Nunavut, Canada.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Fabled Copper Receives Drill Permit and Outlines Proposed 2024 Drill Program on Davis Keays Eagle Vein

Fabled Copper Receives Drill Permit and Outlines Proposed 2024 Drill Program on Davis Keays Eagle Vein

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CNSX:FABL)(FRA:XZ7) announces that it has received its Mines Act Permit which entitles the Company to drill from 15 drill stations over a period of 2 years on the Muskwa Copper Project

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. The Neil Property area was granted the drilling permit and in particular the Davis Keays Eagle Vein area is the Company's first priority interest. See Figure 1 below.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Pan Global Resources

Pan Global Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×