Continuity Of Copper-Gold Mineralization Confirmed At Canada Honda Discovery

Continuity Of Copper-Gold Mineralization Confirmed At Canada Honda Discovery

VANCOUVER РPan Global Resources Inc. reported on two further drillholes from an 11-hole step out drill program at the Ca̱ada Honda copper-gold (Cu-Au) discovery, on the Escacena Project in the Iberian Pyrite Belt, southern Spain. Drilling has resumed, with additional holes planned targeting extensions of Ca̱ada Honda copper and gold mineralization.

Tim Moody, President and CEO, said, “These excellent results provide further indication of size potential and continuity of the copper-gold mineralization at the Cañada Honda target. We are also excited about the results showing significant gold in the structural hanging wall at Cañada Honda.

The next steps at Cañada Honda include further drilling to test for shallow extensions in the east, where copper-gold soil geochemistry indicates the mineralization comes to surface, and further test a large gravity target that extends for two kilometers to the west.”tion 140m downdip beneath a historical mine tunnel

Two styles of mineralization are recognized at Cañada Honda: 1) Copper-gold volcanogenic massive sulphide (VMS) style mineralization (pyrite, chalcopyrite), including stockwork, semi-massive and massive-sulphides hosted within shales, similar to the host rocks at the former Aznalcóllar and Los Frailes mines, 4km to the east. 2) Gold mineralization associated with quartz-sulphide (pyrite, and lesser chalcopyrite, sphalerite and arsenopyrite) veins and stockwork within folded and fractured shale and quartzites, in the structural hanging wall above the copper-gold mineralization.

The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled by Pan Global in the east of the Iberian Pyrite Belt.