Help Desk -
9958816305, 9810335381
Email
Password

Pan Global Resources Extends Copper Mineralization at the Escacena Project in Spain

Mining News - Published on Fri, 29 May 2020

Image Source: Pan Global Resources Escacena Project
Pan Global Resources Inc announced further positive drill results from the final 3 drill holes LRD06, LRD07 and LRD08 from the recent drill program at the La Romana prospect in the Escacena Project, located in the Iberian Pyrite Belt, southern Spain. These three holes complete a 6-hole program aimed at extending the copper mineralization intersected in drill hole LRD-02, which returned 20.55m at 1.5% Cu equivalent (eq) including 7m at 3.43% Cu eq. Pan Global President and CEO Tim Moody said "These latest results continue to show a continuous zone of shallow copper mineralization extending in several directions and increasing in thickness towards the West. Hole LRD-06 returned the highest tin grades to-date with associated high copper, including up to 1.85% Sn and 2.6% Cu over 0.6 meters. Hole 8 is significant as it indicates there are now three copper mineralized horizons and confirming copper associated with a previously untested conductor plate anomaly that extends and becomes stronger to the East beneath hole LRD-01."

Selected highlights include:

LRD-06 intersected 20m at 0.90% Cu eq (0.55% Cu, 0.087% Sn, 2.6 g/t Ag) from 83m down hole, including 10m at 1.37% Cu eq (0.81% Cu, 0.15% Sn, 3.6 g/t Ag) from 87m; and 1m at 1.68 g/t Au from 172m

LRD-07 intersected 35.6m at 0.73% Cu eq (0.46% Cu, 0.056% Sn, 2.7 g/t Ag) from 40m down hole, including 11m at 1.19% Cu eq (0.78% Cu, 0.098% Sn, 4.3 g/t Ag) from 50m

LRD-08 intersected 3m at 1.36% Cu eq (1.03% Cu, 0.012% Sn, 14.6 g/t Ag) from 14m down hole; and 9.5m at 0.90% Cu eq (0.58% Cu, 0.066% Sn, 3.7 g/t Ag) from 74m, including 4.4m at 1.41% Cu eq (0.95% Cu, 0.098% Sn, 5.6 g/t Ag) from 77.1m; and 11m at 0.72% Cu eq (0.36% Cu, 0.056% Sn, 3.8 g/t Ag) from 135m, including 3m at 1.16% Cu eq (0.63% Cu, 0.11% Pb, 0.21% Zn, 0.064% Sn, 7.6 g/t Ag) from 139m.

The step out drill holes show that the thickness of the copper zone increases towards the West and remains open up dip, down dip and along strike coincident with a down-hole EM conductor anomaly (upper conductor).

Hole LRD-08 provides the first confirmation of copper associated with a separate down hole EM conductor plate approximately 60 meters beneath the upper conductor.

Hole LRD-08 also indicates a potential third copper horizon approximately 60 meters stratigraphically above the upper conductor.

Pan Global recently completed six drill holes LRD-03 to LRD-08 for a total of approx. 890 meters targeting extensions of the volcanogenic massive sulphide associated mineralization intersected last year in hole LRD-02 at the La Romana target.

Source :

Posted By : Yogender Pancholi on Fri, 29 May 2020
Related News from Mining segment