Pan Global Starts Drilling at Bravo Target in Escacena Project
Drilling Operations at the Bravo Target
Pan Global Resources Inc. (TSXV: PGZ | OTCQX: PGZFF | FRA: 2EU) has embarked on an exciting journey as drilling operations have commenced at the Bravo target within its entirely owned Escacena Project. This site is strategically located to explore a massive 2km by 1.5km gravity anomaly, set just 1km east of the promising La Romana copper-tin-silver discovery.
Recent Geological Surveys and Discoveries
The company has recently completed an 18.2 line-km Induced Polarization (IP) geophysical survey that has yielded significant information about the geological structure beneath the Bravo target. This survey has identified distinctive chargeability and resistivity anomalies that align with the Bravo gravity anomaly, suggesting the potential for further mineralization in line with the findings from nearby La Romana, which lies just to the west.
Planned Drilling and Expectations
For this first phase of drilling, Pan Global has scheduled up to eight drill holes, each designed to probe for Volcanogenic Massive Sulfide (VMS) mineralization related to the geophysical and geochemical anomalies observed in previous surveys. Among these, a particularly strong IP-chargeability anomaly located 500m south of the primary Bravo gravity site will also be under investigation. As results are obtained, the company eagerly anticipates expanding its ongoing multi-target drilling program, which encompasses about 7,000m, contingent on favorable findings.
Insights from Leadership
Tim Moody, the President and CEO of Pan Global, expressed enthusiasm about the start of drilling at Bravo, stating, "The geophysics at Bravo shows many of the signatures associated with the Company's nearby La Romana copper-tin-silver discovery, enhancing the potential for mineralization. After several months of diligent fieldwork, we are excited that drilling has now commenced.” This statement underscores the company’s commitment to thorough exploration and the high expectations tied to the potential outcomes of this drilling endeavor.
Understanding the Escacena Project
The Escacena Project spans a substantial land package of 5,760 hectares, strategically located in the eastern sector of the Iberian Pyrite Belt. This area is rich in mining history and is in close proximity to operating mines, including the well-known Riotinto mine. The project also envelops several other significant targets apart from Bravo, including La Romana and Cañada Honda. This robust geological environment positions Pan Global favorably to meet its ambitious goal of defining over 100 million tonnes of copper resources across its deposit cluster.
Taking a Strategic Approach to Copper Mining
Pan Global Resources focuses on copper, acknowledging its critical role in global electrification and the ongoing energy transition. Given growing demand, the company continues to work diligently in a mining-friendly jurisdiction recognized for its favorable permitting processes and reliable infrastructure. Engaging with experienced professionals, they are keen to uphold environmental stewardship alongside operational safety.
Contact Information for Inquiries
For further inquiries regarding this development or the Escacena Project, interested parties may contact Jason Mercier, the VP of Investor Relations and Communications, who is available at the company's communication channels.
Frequently Asked Questions
What is the Bravo target known for?
The Bravo target is known for its large gravity anomaly, indicating a potential site for valuable mineral deposits including copper and tin.
How many drill holes are planned in the first phase of drilling?
Up to eight drill holes are planned to investigate the Bravo target for VMS mineralization.
What recent geological survey was completed at Bravo?
An 18.2-line-km Induced Polarization (IP) geophysical survey has been completed, indicating significant anomalies related to mineralization.
What are the future plans for the drilling program?
Future plans may include expanding the current 7,000m multi-target drilling program based on initial findings.
Who oversees the scientific information for the project?
Álvaro Merino acts as the Vice President of Exploration and qualifies as a professional under National Instrument 43-101, ensuring expertise in overseeing the project's scientific information.
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