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 .

 
  Key highlights:  
 
  • Copper and tin mineralization with good continuity starts immediately below a thin cover of sediments
  •  
  • Moderately north-dipping tabular geometry ideally suited for potential open-pit mining
  •  
  • High value tin grades increasing to the west
  •  
  •   LRD162 intercepted   17m at 0.65% CuEq 1 ( 0.4% Cu 0.13% Sn, 1.1 g/t Ag) from 50.0m   , including   6m at 1.24% CuEq 1 (0.5% Cu, 0.29% Sn, 1.5g/t Ag)
  •  
  •   LRD166 intercepted   14.5m at 0.75 % CuEq 1 (0.36% Cu, 0.15% Sn, 1.2 g/t Ag from 7.5m   , including   5m at 1.06% CuEq 1 (0.48% Cu, 0.21% Sn, 2.0 g/t Ag)
  •  
  •   LRD164 intercepted   16m at   0.70% CuEq 1 (0.52 % Cu, 0.06 % Sn, 1.6 g/t Ag) from 37.0m , including    3m    at 1.38% CuEq 1 (1.06% Cu, 0.11% Sn, 3.9 g/t Ag)
  •  
  • Mineralization remains wide open at depth and to the west
  •  
  • Drilling ongoing with results pending from six additional completed drill holes with visual copper and tin mineralization  
  •  

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.

 

"Drilling at Romana West commenced within weeks of being granted surface access. Twelve of our planned 25 drill holes have been completed and assay results for the first six are very encouraging. Our drill program has been highly successful, confirming continuity of the copper-tin-silver mineralization 150 meters to the west of the La Romana discovery. The overall strike length of La Romana is now 1.35 kilometers and is still open, with step-out drilling continuing farther to the west. Results to date show the potential for grades to increase to the west," said Tim Moody , President and CEO of Pan Global.

 

The Romana West mineralization occurs in two main layers, Zone B and Zone C, commencing directly below a thin cover of post mineral sediments. Sulphide mineralization was intersected in all holes at depths predicted from modelling of previous drilling and geology data. At shallow depths the primary sulphides, including chalcopyrite and pyrite, have been overprinted by supergene chalcocite and copper enrichment.

 

The assay results also include some of the highest tin grades reported in the Escacena project area, with assays up to 0.62% Sn. Coarse cassiterite was observed in both Zone B and Zone C. Importantly, cassiterite is the only tin mineral observed and is preferred for metallurgical extraction to produce a valuable tin concentrate. Processed tin is a key ingredient in electronics and solar panels and regularly trades at three-to-four times the value of processed copper.

 

The ongoing drill program aims to test the near-surface La Romana mineralization a further 350m along strike to the west.

 

   Figure 1 –    Gravity anomaly map showing the Romana West and La Romana targets, drill hole locations with selected results, and cross-section locations A-A' (Figure 2) and B-B' (Figure 3).  

 
 

  Figure 1 – Gravity anomaly map showing the Romana West and La Romana targets, 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.) 

 
 

   Figure 2 –    Cross section 736010m East, A-A', showing selected assay results highlights and copper grade shells for new drill holes LRD161 , LRD162 and LRD166 , with mineralization commencing immediately beneath the post mineral cover to nearly 200m down-dip (to the north).  

 
 

  Figure 2 – Cross section 736010m East, A-A', showing selected assay results highlights and copper grade shells for new drill holes LRD161, LRD162 and LRD166, with mineralization commencing immediately beneath the post mineral cover to nearly 200m down-dip (to the north). (CNW Group/Pan Global Resources Inc.) 

 
 

   Figure 3 –    Cross section 735900m East, B-B', showing selected highlights and copper grade shells for new drill holes LRD163 , LRD164 and LRD165 .  

 
 

  Figure 3 – Cross section 735900m East, B-B', showing selected highlights and copper grade shells for new drill holes LRD163, LRD164 and LRD165. (CNW Group/Pan Global Resources Inc.) 

 
 
  Table 1 – Romana West 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)   

 
 

   LRD161   

 
 

   117.00   

 
 

   130.00   

 
 

   13.00   

 
 

   0.27   

 
 

   0.25   

 
 

   0.01   

 
 

   0.8   

 
 
 

   0.01   

 
 

   11   

 
 

   72   

 
 

   11.79   

 
 

  Including  

 
 

   126.00   

 
 

   130.00   

 
 

   4.00   

 
 

   0.49   

 
 

   0.46   

 
 

   0.01   

 
 

   1.6   

 
 
 

   0.01   

 
 

   19   

 
 

   85   

 
 

   3.63   

 
 

  and  

 
 

  150.00  

 
 

  162.00  

 
 

  12.00  

 
 

  0.36  

 
 

  0.28  

 
 

  0.03  

 
 

  1.1  

 
 
 

  0.01  

 
 

  7  

 
 

  70  

 
 

  10.9  

 
 

  Including  

 
 

   150.00   

 
 

   156.00   

 
 

   6.00   

 
 

   0.60   

 
 

   0.47   

 
 

   0.05   

 
 

   1.9   

 
 
 

   0.01   

 
 

   12   

 
 

   79   

 
 

   5.44   

 
 

  Including  

 
 

   152.00   

 
 

   153.00   

 
 

   1.00   

 
 

   1.61   

 
 

   1.23   

 
 

   0.14   

 
 

   4.0   

 
 
 

   0.01   

 
 

   21   

 
 

   87   

 
 

   0.91   

 
 

   LRD162   

 
 

   50.00   

 
 

   67.00   

 
 

   17.00   

 
 

   0.65   

 
 

   0.30   

 
 

   0.13   

 
 

   1.1   

 
 
 

   0.01   

 
 

   49   

 
 

   81   

 
 

   17.00   

 
 

  Including  

 
 

  52.00  

 
 

  58.00  

 
 

  6.00  

 
 

  1.24  

 
 

   0.47   

 
 

   0.29   

 
 

   1.5   

 
 
 

  0.01  

 
 

   19   

 
 

   75   

 
 

  6.00  

 
 

  and  

 
 

   95.00   

 
 

   109.15   

 
 

   14.15   

 
 

   0.27   

 
 

   0.18   

 
 

   0.03   

 
 

   0.6   

 
 
 

   0.02   

 
 

   10   

 
 

   64   

 
 

   14.15   

 
 

  Including  

 
 

   107.00   

 
 

   109.15   

 
 

   2.15   

 
 

   0.63   

 
 

   0.46   

 
 

   0.06   

 
 

   2.1   

 
 
 

   0.088   

 
 

   36   

 
 

   76   

 
 

   2.15   

 
 

  and  

 
 

   132.50   

 
 

   135.00   

 
 

   2.50   

 
 

   0.89   

 
 

   0.10   

 
 

   0.30   

 
 

    

 
 
 

   0.01   

 
 

   42   

 
 

   58   

 
 

   2.50   

 
 

  Including  

 
 

   134.00   

 
 

   135.00   

 
 

   1.00   

 
 

   1.64   

 
 

    

 
 

   0.62   

 
 

    

 
 
 

   0.01   

 
 

   6   

 
 

   47   

 
 

   1.00   

 
 

   LRD163   

 
 

   30.35   

 
 

   32.00   

 
 

   1.65   

 
 

   0.86   

 
 

   0.76   

 
 

   0.03   

 
 

   3.7   

 
 
 

    

 
 

   137   

 
 

   103   

 
 

   1.27   

 
 

  and  

 
 

   60.00   

 
 

   72.00   

 
 

   12.00   

 
 

   0.31   

 
 

   0.25   

 
 

   0.02   

 
 

   2.2   

 
 
 

   0.01   

 
 

   80   

 
 

   142   

 
 

   9.20   

 
 

  and  

 
 

   122.00   

 
 

   126.00   

 
 

   4.00   

 
 

   0.29   

 
 

   0.23   

 
 

   0.02   

 
 

   0.5   

 
 
 

    

 
 

   3   

 
 

   50   

 
 

   3.07   

 
 

   LRD164   

 
 

   37.00   

 
 

   53.00   

 
 

   16.00   

 
 

   0.70   

 
 

   0.52   

 
 

   0.06   

 
 

   1.6   

 
 
 

   0.01   

 
 

   7   

 
 

   85   

 
 

   16.00   

 
 

  Including  

 
 

   43.00   

 
 

   47.00   

 
 

   4.00   

 
 

   0.93   

 
 

   0.68   

 
 

   0.09   

 
 

   1.8   

 
 
 

   0.01   

 
 

   2   

 
 

   91   

 
 

   4.00   

 
 

  Including  

 
 

   49.00   

 
 

   52.00   

 
 

   3.00   

 
 

   1.38   

 
 

   1.06   

 
 

   0.11   

 
 

   3.9   

 
 
 

   0.02   

 
 

   16   

 
 

   78   

 
 

   3.00   

 
 

  and  

 
 

   87.00   

 
 

   91.00   

 
 

   4.00   

 
 

   0.66   

 
 

   0.52   

 
 

   0.05   

 
 

   0.8   

 
 
 

   0.02   

 
 

   3   

 
 

   51   

 
 

   4.00   

 
 

  Including  

 
 

   88.00   

 
 

   89.00   

 
 

   1.00   

 
 

   1.59   

 
 

   1.42   

 
 

   0.06   

 
 

   2.0   

 
 
 

   0.05   

 
 

   8   

 
 

   50   

 
 

   1.00   

 
 

   LRD165   

 
 

   86.25   

 
 

   87.70   

 
 

   1.45   

 
 

   0.64   

 
 

   0.36   

 
 

   0.10   

 
 

   1.2   

 
 
 

   0.01   

 
 

   5   

 
 

   87   

 
 

   1.24   

 
 

  and  

 
 

   114.00   

 
 

   122.85   

 
 

   8.85   

 
 

   0.59   

 
 

   0.55   

 
 

   0.01   

 
 

   1.4   

 
 
 

   0.008   

 
 

   6   

 
 

   74   

 
 

   7.58   

 
 

  Including  

 
 

   119.00   

 
 

   122.85   

 
 

   3.85   

 
 

   1.08   

 
 

   1.04   

 
 

   0.013   

 
 

   2.7   

 
 
 

   0.013   

 
 

   10   

 
 

   80   

 
 

   3.3   

 
 

  Including  

 
 

   122.25   

 
 

   122.85   

 
 

   0.60   

 
 

   5.24   

 
 

   5.06   

 
 

   0.04   

 
 

   13.0   

 
 
 

   0.034   

 
 

   29   

 
 

   180   

 
 

   0.51   

 
 

   LRD166   

 
 

   7.50   

 
 

   22.00   

 
 

   14.50   

 
 

   0.75   

 
 

   0.36   

 
 

   0.15   

 
 

   1.2   

 
 
 

   0.012   

 
 

   25   

 
 

   129   

 
 

   13.30   

 
 

  including  

 
 

   17.00   

 
 

   22.00   

 
 

   5.00   

 
 

   1.06   

 
 

   0.48   

 
 

   0.21   

 
 

   1.5   

 
 
 

   0.018   

 
 

   27   

 
 

   131   

 
 

   4.6   

 
 

  and  

 
 

   72.00   

 
 

   73.20   

 
 

   1.20   

 
 

   1.19   

 
 

   1.04   

 
 

   0.06   

 
 

   1.7   

 
 
 

   0.024   

 
 

   11   

 
 

   48   

 
 

   1.10   

 
 
 
 
 
 

    1   Copper Equivalent = CuEq. CuEq is calculated using Cu, Sn, and Ag grades. Metallurgical recoveries of 86% for Cu, 68% for Sn and 56% for Ag are based on preliminary studies performed by Wardell Armstrong International and MinePro. The CuEq calculation assumes commodity prices of 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 – Romana West drill hole collar information (6 holes, total 1,004.95m )
 
 
                                          
 

   Hole ID   

 
 

   Easting 2   

 
 

   Northing 2   

 
 

   Azimuth ( o )   

 
 

   Dip( o )   

 
 

   Depth (m)   

 
 

  LRD161  

 
 

  736025.3  

 
 

  4152813  

 
 

  195  

 
 

  -70  

 
 

  197.45  

 
 

  LRD162  

 
 

  735989.1  

 
 

  4152760  

 
 

  180  

 
 

  -50  

 
 

  182.05  

 
 

  LRD163  

 
 

  735921.6  

 
 

  4152767  

 
 

  180  

 
 

  -90  

 
 

  167.9  

 
 

  LRD164  

 
 

  735921.7  

 
 

  4152766  

 
 

  180  

 
 

  -50  

 
 

  140.35  

 
 

  LRD165  

 
 

  735895.7  

 
 

  4152851  

 
 

  156  

 
 

  -70  

 
 

  222.45  

 
 

  LRD166  

 
 

  736038.8  

 
 

  4152687  

 
 

  156  

 
 

  -55  

 
 

  94.75  

 
 
 
 
 
 

   2 Coordinate system. UTM29N ERTS89   

 
 
 
  Investor Call to Discuss Drill Results and Expanding La Romana  
 

CEO Tim Moody will host a conference call and webcast on Wednesday, September 20, 2023 , at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time to discuss the latest results at the Escacena Project. An open Q&A session will follow a short presentation.

 

Date: Wednesday, September 20, 2023  
Time: 11:00 a.m. Eastern Time | 8:00 a.m. Pacific Time  
Please register in advance: https://us06web.zoom.us/meeting/register/tZEtcumhrzsqE9XnLSo4hLpyYL7Nrdq-utim .

 

After registering, you will receive a confirmation email containing information about joining the meeting. Investors are encouraged to send questions or topics of interest in advance to investors@panglobalresources.com to be addressed following the presentation. A link to the webcast will be available on the Company's website at https://panglobalresources.com following the live broadcast.

 
  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 2023. The Escacena Project hosts the La Romana copper-tin-silver discovery and a number of other prospective targets, including Zarcita, Hornitos, La Jarosa, Romana Deep , Romana North , Romana West, Cañada Honda, Bravo, Barbacena, El Pozo, and San Pablo.

  

 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 news 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 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.

 
 

  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-ongoing-drilling-extends-strike-of-la-romana-near-surface-copper-tin-silver-mineralization-to-1-35-kilometers-301931601.html  

 

SOURCE Pan Global Resources Inc. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2023/19/c3500.html  

 
 

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  TSXV: PGZ   |   OTCQX: PGZFF  

 
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  •  
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  •  

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  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The repurchased shares represent progress toward the Company's ability to acquire up to an aggregate of 5,000,000 Common Shares, representing approximately 2% of the Company's issued and outstanding shares, over the 12-month period ending December 5, 2025 . All shares repurchased under the NCIB have been cancelled.

 

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  About FPX Nickel Corp.  

 

 FPX Nickel Corp.  is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.  For more information, please view the Company's website at   https://fpxnickel.com/.   

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/24/c8569.html  

 
 

 

News Provided by Canada Newswire via QuoteMedia

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Juggernaut Mobilizes 2025 Exploration On Newly Discovered Big One 11 Km High-Grade Gold System That Remains Wide Open - Golden Triangle, B.C

Juggernaut Mobilizes 2025 Exploration On Newly Discovered Big One 11 Km High-Grade Gold System That Remains Wide Open - Golden Triangle, B.C

(TheNewswire)

 
        
  Juggernaut Exploration Ltd. 
                   
 

Vancouver, British Columbia July 23, 2025 TheNewswire - Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) (FSE: 4JE) ( the "Company" or "Juggernaut") is pleased to announce that it has mobilized for the 2025 surface exploration program aimed at identifying additional high-grade drill targets on the Big One property (the " Property "), Golden Triangle, British Columbia. This new discovery yielded assays up to 79.01 gt Au (2.54 ozt Au) and 3157.89 gt Ag (101.5 ozt Ag) from >200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that remain open. These veins were identified along the newly discovered 11 km Highway of Gold surrounding the Eldorado gold system on the Big One property. The discovery is located in an area of glacial and snowpack abatement adjacent to the extensive gold-rich porphyry systems at Galore Creek. The 100 % controlled property covers 36,989 hectares in a Tier 1 geologic terrane with tremendous additional discovery potential.

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Heritage Announces LIFE Offering and Provides Corporate and Exploration Update

Heritage Announces LIFE Offering and Provides Corporate and Exploration Update

 

(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

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Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

 

Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference to be held July 23 rd and 24 th .

 

Individual investors, institutional investors, advisors, and analysts are invited to attend.

News Provided by GlobeNewswire via QuoteMedia

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