PAN GLOBAL DRILLS 1.3% COPPER AND 0.5 G/T GOLD OVER 5.1M WITHIN 20M AT 0.5% COPPER AND 0.3 G/T GOLD AT CAÑADA HONDA IN THE ESCACENA PROJECT, SOUTHERN SPAIN
VANCOUVER, BC, July 4, 2023 /PRNewswire/ -- Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) is pleased to announce positive results for the first of three follow-up drill holes at the Cañada Honda target at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain.
- Hole CHD05 reported today was a large step-out along a two-kilometer-long gravity anomaly and intercepted a wide zone of copper-gold mineralization 150m down-dip.
- It is particularly encouraging to see an increase in thickness of the copper-gold mineralization down-dip coincident with a gravity target.
- This indicates good potential for additional mineralization associated with the gravity anomaly," said Tim Moody, Pan Global's President and CEO.
- The Cañada Honda target is approximately 3.5km north of Pan Global's La Romana copper-tin-silver discovery at the Escacena Project.