PAN GLOBAL ANNOUNCES ENCOURAGING SOIL GEOCHEMISTRY RESULTS COINCIDENT WITH BRAVO GRAVITY TARGET
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- Soil geochemistry and gravity surveys at the high-priority Bravo gravity target proceeding ahead of schedule
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Bravo target immediately east of the La Romana copper-tin-silver discovery at
Escacena Project - A continuous 1 kilometer-plus east-west lead-zinc soil anomaly coincides with the gravity anomaly
- Soil geochemistry suggests good potential for mineralization concealed beneath shallow post-mineral cover
"The initial soil geochemistry results are very encouraging, highlighting a more-than 1km continuous lead ("Pb") plus zinc ("Zn") surface anomaly coincident with a gravity anomaly at the high-priority Bravo target. Importantly, lead and zinc commonly occur laterally or above copper-rich mineralization in zoned volcanogenic massive sulphide deposits. Based on these results, the soil geochemistry survey will now be expanded to connect with the La Romana copper-tin-silver discovery to the west," said
"The results support our view that the large Bravo gravity anomaly could represent massive sulphide mineralization concealed beneath shallow cover sediments. A more detailed ground gravity survey at Bravo is also making good progress (30% completed) and coupled with the encouraging geochemistry results, could bring forward the timing for drilling at the Bravo target," said
The soil geochemistry results reported today are for 326 soil samples, representing 57% of the planned Bravo survey. The soil samples are collected on a 40m-spacing along lines 100m apart. Each soil sample was analyzed using a hand-held x-ray fluorescence ("pXRF") device. Spatial interpretation of the pXRF results confirms a Pb plus Zn anomaly extending over 1km east-west and up to 700m north-south. Samples are ranging from 300ppm to 1,252ppm combined Pb+Zn, and individual samples reporting up to 1,115ppm Pb and 288ppm Zn. The soil anomaly is an indicator of potential deeper underlying sulphide mineralization concealed beneath post-mineral cover sediments.
Bravo is a prominent 2km x 1.2km gravity anomaly located 1.5km east of Pan Global's La Romana copper-tin-silver discovery and 4.5km southwest of the Aznalcóllar and Los Frailes volcanogenic massive sulphide (VMS) deposits. The Bravo anomaly was originally identified from early-1980's gravity survey data and interpreted as potential concealed massive sulphide mineralization. The target is mostly covered by post-mineral rocks and sediments and has never been drill tested.
Results from planned soil geochemistry, gravity and IP surveys at Bravo will guide future drilling. Pan Global looks forward to updating shareholders as the Bravo exploration program progresses in the coming weeks.
Further to the
QA/QC
The soil geochemistry survey includes samples collected from the top 20cm from surface (un-sieved, weighing approx. 1kg) on a 100m x 40m grid over the gravity target area. The samples are collected in plastic bags, and a multi-element analysis obtained using an Olympus Vanta hand-held x-ray fluorescence ("pXRF") device. Analyses are repeated on 1 per 20 samples, and standards analyzed to check for deviation. Additional sample duplicates will be sent to the ALS laboratory in
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Álvaro Merino. Vice President Exploration for
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