Pan Global Resources Inc. Gains Access to the Torrubia Copper Target in the Aguilas Project
May 24 19
Pan Global Resources Inc. announced that it has secured access to the Torrubia copper target in the Aguilas Project, Spain. This provides access to approximately 1.9 km of strike with the widest and strongest soil copper geochemistry in the North of the Torrubia trend, with rock grab samples up to 8.4% Cu in boulders and 1.2% Cu in outcrop. An initial 5 drill holes are planned. Exploration by the company in 2017 and 2018, defined a 3.1 x 0.3 km soil copper anomaly with up to 0.67% Cu in the North of the Torrubia trend. Boulders and outcrop with multi-percent levels of copper and evidence of ancient mine workings along the trend. The Northern 1.9 km of the soil copper anomaly includes the widest and strongest part of the copper target and has not been tested whilst access to the area was being negotiated with the landowner. Drill hole TOR-001, immediately to the south contained 16m at 0.30% Cu, 30.5ppm Co, 0.6 g/t Ag, 0.05 g/t Au, including 0.8m at 2.65% and 0.7m at 2.05% Cu. The drilling indicates copper increasing to the North into the area where access has now been secured. The company has planned an initial 5 drill holes in the area where access has now been granted. Preparations for drilling will commence in the coming weeks.
Pan Global Resources Inc. Announces Results from its First Exploration Drill Program at Águilas Project in Spain
May 14 19
Pan Global Resources Inc. announced results from its first exploration drill program at the Águilas Project in Spain. The company completed 20 wide-spaced drill holes for a total of 2,944 metres in April 2019. This includes 13 drill holes along 4.1 kilometres of the Zumajo Pb-Zn-Ag trend and 7 drill holes along a 5.2 kilometre segment of the Torrubia Cu trend. This is the first drilling on these targets with high metal grades intersected in several drill holes. On the Zumajo trend, significant drill results are reported along approximately 1.5 km of strike extending from the San Juan, San Rafael and Dos Centimos mine workings, open down dip and along strike. This includes high grade polymetallic mineralization (Pb, Zn, Ag ± Cu, Au) within an 8 to 20m wide, steeply dipping zone of multi-stage breccia and veins. High grade intervals include up to 16.85% Pb, 1.9% Zn, 85 g/t Ag (22.15% PbEq or 815 g/t AgEq) over 0.6 metres (drill hole VAC-006). The drilling also indicates that Pb and Ag mineralization near the San Luis and San Cayetano mine workings is open along strike and at depth. The drill holes on the Torrubia trend include 40-90 metre wide intervals of intense multi-stage breccia and hematite-quartz-carbonate alteration. The breccia is anomalous in Cu in each drill hole. The best grades include 2.65% Cu, 125ppm Co and 3 g/t Ag (2.76% CuEq) over 0.8m and 1.65% Cu, 240ppm Co and 2.1 g.t Ag (2.05% CuEq) over 0.7m in the northernmost drill hole, TOR-001. Copper appears to increase to the North where the target remains open and untested. Recent exploration has also extended the Torrubia trend a further 4 km to the south, giving a total strike length of 16 km. VAC-002: 17.5m @ 1.66% Pb and 8.5 g/t Ag, including 8.5m @ 3.38% Pb, 0.11% Zn, 0.02% Cu, 17.3 g/t Ag (includes 0.9m @ 5.14% Pb, 0.12% Zn, 0.02% Cu, 34.8 g/t Ag and 1.3m @ 14.85% Pb, 0.11% Zn, 0.04% Cu, 67.1g/t Ag) VAC-005: 15.3m @ 0.88% Pb, 0.27% Zn, 6.2 g/t Ag, including 7.85m @ 1.68% Pb, 0.48% Zn, 10.2 g/t Ag (includes 0.85m @ 0.93% Pb, 3.22% Zn, 16.5 g/t Ag and 1.9m @ 6.05% Pb, 29.8 g/t Ag) VAC-006: 17.7m @ 0.84% Pb, 0.48% Zn, 5.1 g/t Ag, including 8.6m @ 1.72% Pb, 0.94% Zn, 0.15% Cu, 10.2 g/t Ag, (includes 0.6m @ 16.85% Pb, 1.9% Zn, 0.08% Cu, 85.1 g/t Ag, 0.02 g/t Au and 1.6m @ 1.18% Pb, 1.9% Zn, 0.07% Cu, 7.3 g/t Ag, 0.03 g/t Au) ZUM-003: 9.2m @ 2.4% Pb and 9.4 g/t Ag, including 3.4m @ 5.55% Pb, 16.4 g/t Ag TOR-001: 16m @ 0.30% Cu, 30.5ppm Co, 0.6 g/t Ag, 0.05 g/t Au, including 0.8m @ 2.65% Cu, 125ppm Co, 3 g/t Ag, 0.004 g/t Au and 0.7m @ 1.85% Cu, 240ppm Co, 2.1 g/t Ag, 0.02 g/t Au; 0.7m @ 0.55 g/t Au. The Aguilas project covers more than 16,000 hectares in northern Andalucia, Spain. Exploration to-date has focussed on major fault structures cutting the Pedroches Batholith. This includes Pb Zn Ag mineralization along the >20 km long Northwest oriented Zumajo historical Pb Ag mine trend and hematite-dominant iron oxide copper gold (IOCG) style mineralization along the >10 km long Northeast oriented Torrubia trend. None of the targets have been drill tested previously. In 2018, soil sampling along a 5 km section of the Zumajo trend delineated two large lead-zinc-silver targets. Surface sampling returned very high values up to 8.9% Pb, 0.97% Zn, 17.5g/t Ag and 672ppm Cu in soils and up to >20% Pb, 20.7% Zn, 235g/t Ag and 12.75% Cu in rock grab samples from mine dumps and occasional outcrop. The historical mine workings along the tren are mainly shallow, with the deepest shaft being approximately 120m depth. The mines operated from the late 1800's to 1958. Exploration by the company in 2017 and 2018 resulted in the definition of two large copper anomalies on the Torrubia copper trend at Torrubia and Cerro Aguila, with up to 0.69% Cu in soils and up to 28% Cu, 33% Fe, 1.7g/t Au, 15.5g/t Ag and 0.13% C in rock grab samples. Drilling commenced in September 2018 designed to provide the first test of the polymetallic and IOCG targets, and provide information on the geology and style of mineralization. New exploration on the Torrubia trend in 2019 suggests the structure extends a further 4 km to the South giving a potential total strike length of approximately 16 km with further exploration required. The majority of the Aguilas Project has not yet been explored, including several areas still under mineral rights application.