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Explorer Encounters 'Significant Copper Mineralization' at Spain Project
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Recent results of Pan Global Resources' drilling in the La Romana target at Escacena are covered in an Intrynsyc report.

In an April 13 research note, Intrynsyc Capital Corp. reviewed new drill results from Pan Global Resources Inc.'s (PGZ.V:TSX.V) La Romana target at its Escacena project in Spain.

Results are from 11 holes drilled during its phase four program, along strike and to the east. Their purpose was to test and confirm mineralization along the Zone C electromagnetic conductor.

"Drilling continues to build out mineralization along strike and at depth," Intrynsyc concluded. "Four hundred meter (400m) stepouts and downdip extensions continue to expand the footprint of mineralization while adding confidence to additional targets along the 2.5 kilometer strike length."

Intrynsyc reported three highlight holes. In the Zone B conductor area, LRD36 returned 23m of 1.06% copper equivalent (Cu eq) from 27m, including 11m of 1.74% Cu eq from 33m.

Hole LRD32, testing the downdip extension of Zone C conductor mineralization, cut 68m of 0.52% Cu eq from 79m, including 4m of 1.42% Cu eq from 79m and 40m of 0.64% Cu eq from 103m.

LRD28, a 400m stepout hole along the Zone C conductor, showed 23.2m of 0.57% Cu eq from 45.8m, including 0.3m of 11.99% Cu eq from 55m.

Overall, Intrynsyc reported, all 11 holes intersected "significant copper mineralization," extending the strike length by 400m and extending the vertical downdip component to 200m.

"What was even more impressive with this round of drilling was the consistent mineralization along the mise-a-la-masse (MALM) conductor axis," the merchant bank wrote.

Holes LRD36, LRD33, LRD31 and LRD28 encountered high grade copper mineralization along significant widths. Mineralization remains open along strike.

"So far drilling has consistently shown a 1:1 correlation between geophysics and mineralization, and thus it may be fair to say we can infer similar mineralization tenor along much of the remaining MALM anomaly," Intrynsyc wrote.

To date, Pan Global defined 800 meters along the anomaly. Another 1,700 meters are untested.

Because of its drill success so far, Pan Global decided to add 10 holes to the 20-hole campaign.

"With an expanded drill program, we look for additional positive drill results expanding mineralization to the west, stepping out on the Zone B conductor where Pan Global has had some of its best results," Intrynsyc wrote.


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Intrynsyc Capital, Pan Global Resources, April 13, 2021

This publication is intended only to convey information. It is not to be construed as an investment guide and may be construed as an offer or solicitation of an offer to buy securities mentioned in it. The author has taken all usual and reasonable precautions to determine that the information contained in this publication has been obtained from sources believed to be reliable and that the procedures used to summarize and analyze such information are based on approved practices and principles in the investment industry. However, the market forces underlying investment value are subject to sudden and dramatic changes and data availability varies from one moment to the next. Consequently, neither the author nor Intrynsyc Capital Corporation can make any warranty as to the accuracy or completeness of information, analysis or views contained in this publication or their usefulness or suitability in any particular circumstance. You should not undertake any investment solely on the basis of this publication, but should first consult your investment adviser, who can assess all relevant particulars of your proposed investment. The author and Intrynsyc Capital Corporation accept no liability of any kind whatsoever or any damages or losses incurred by you as a result of reliance upon or use of this publication.

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