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Pan Global drills 16.8% copper interval at its Escacena project in Spain

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(Kitco News) - Pan Global Resources (TSXV: PGZ) today announced new high-grade copper and tin intercepts as drilling continues at the La Romana open pit copper target at the Escacena project in the Iberian Pyrite Belt, southern Spain.

The company said that the latest drill results are from eight holes in the Phase 4 drill program at the La Romana discovery.

Drilling highlights include 10m at 1.7% CuEq (1.5% Cu, 6.5g/t Ag, 0.01% Co) from 111m in LRD85, including 0.7m at 18.2% CuEq (16.8% Cu, 0.03% Sn, 60.1g/t Ag, 0.08% Co, 0.12g/t Au).

Commenting on recent drilling results, CEO Tim Moody said, "The latest results include the highest copper assay ever reported at La Romana with 16.8% Cu or 18.2% Cu equivalent (CuEq) over 0.7m within a 10m wide interval averaging 1.7% CuEq. The results add copper and tin mineralization near-surface in the west and downdip on several sections which confirms the deposit remains wide open in several areas."

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The company added that exploration has also commenced on the recently granted Al Andaluz Investigation (Exploration) Permit immediately to the east of La Romana within the Escacena Project area.

Pan Global noted it is actively engaged in base and precious metal exploration in southern Spain and is pursuing opportunities from exploration through to mine development.

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