Pan Global Resources - President & CEO, Tim Moody.
President & CEO, Tim Moody.
Source: Stockhouse Publishing Ltd.
  • Pan Global Resources Inc. (PGZ) has expanded the La Romana discovery mineralization at its Escacena Project in Spain
  • Assay results for 14 drill holes from the outer extent of the discovery outlined more near-surface copper mineralization
  • The highest copper mineralization recorded was 2.30 per cent, and low to average grades of silver were found as well as trace amounts of tin
  • Additional drilling on the discovery has been planned for 2023
  • Pan Global Resources Inc. (PGZ) is down 1.19 per cent and is trading at $0.41 per share as of 3:25 p.m. EST

Pan Global Resources Inc. (PGZ) has expanded the La Romana discovery mineralization at its Escacena Project in Spain.

Assay results for 14 drill holes from the outer extent of the discovery outlined more near-surface copper mineralization, which indicated the mineralization is open along strike and down dip. The highest copper mineralization recorded was 2.30 per cent, and low to average grades of silver were found as well as trace amounts of tin.

La Romana copper mineralization footprint drill hole locations with selected results for newly reported holes and the new Romana Deep target location. (Source: Pan Global Resources Inc.)

Tim Moody, Pan Global President and CEO, commented,

“These results also highlight a new copper horizon in the hanging wall… large step-out holes confirmed the prospective geology and mineralization continues to the east.”

The company believes the La Romana discovery results have proved its potential to grow further with additional drilling planned for 2023.

While working on remaining access permissions to the west and east of La Romana, three drill rigs are working at new targets in the Escacena Project.

One rig is focused on Romana Deep north of the La Romana deposit. The second rig is at the Zarcita target just north of La Romana, and a third drill rig has begun drilling the first hole on the Cañada Honda gravity target southwest of Zarcita.

Pan Global Resources Inc. (PGZ) is down 1.19 per cent and is trading at $0.41 per share as of 3:25 p.m. EST.


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