Both targets are located 4km north of the La Romana copper-tin-silver discovery where ongoing drilling is extending mineralization at Romana West. Three follow-up drill holes have been completed at the Canada Honda copper-gold target and an additional 13 drill holes have been completed at the Zarcita copper target.
The Company will host a conference call and webcast on
'The follow-up drilling at Canada Honda confirms copper-gold mineralization coincident with a gravity anomaly, and extends the copper-gold mineralization from surface to 600m down-dip where it remains wide open. The new results highlight additional gold potential in the hanging wall. The drilling is at the eastern end of a 2km long east-west gravity target, indicating potential for the mineralization to significantly expand, making this a compelling, high priority target for additional drilling,' said
Currently, drilling at Escacena is focused along the highly prospective western extension (
Canada Honda Highlights
New drill hole results include: CHD05 - 20m at 0.5% Cu, 0.8g/t Au, 1.9g/t Ag, including 5.1m at 1.3% Cu, 0.5g/t Au, 3.9g/t Ag (reported
CHD06 - 7m at 0.6% Cu, 0.8g/t Au, 6.5g/t Ag, including 3m at 1.1g/t Au, 5.5g/t Ag
CHD07 - 5m at 1.1g/t Au, 0.2% Cu, 2.3g/t Ag
Surface rock samples up to 9g/t Au
New untested DHEM conductor anomalies
The follow-up drill program included holes CHD05, CHD06 and CHD07. Drill hole CHD05, testing 150m down-dip from previous drill hole CHD04 and approximately 330m down-dip from a historical mine tunnel, confirmed copper-gold mineralization coincident with the targeted gravity anomaly. CHD06, located 100m east of CHD05, intersected copper-gold mineralization coincident with a DHEM target. Hole CHD07 tested a resistivity low anomaly 190m down-dip from CHD05. Each of the drill holes also intersected additional gold mineralization in the hanging wall.
DHEM in holes CHD06 and CHD07 confirmed new off-hole conductor anomalies for future drilling to test the potential for stronger sulphide mineralization.
Anomalous gold assays from 28 rock grab samples at Canada Honda indicate a gold anomaly extending 200m west of the historical mine tunnel and up-dip from the recent drilling, with several samples reporting >0.1g/t Au up to 9.0g/t Au.
Investor Call to Discuss Drill Results and Escacena Exploration Update
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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
About
QA/QC Procedures
Core size was HQ (63mm) and all samples were 1/2 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 1/4 core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch.
Drill core and rock samples were delivered to ALS laboratory in
Forward-looking statements
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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.
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