Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Pan Global Resources (PGZ) has received the “Al Andaluz” Investigation Permit at the Escacena Project
  • The permitting of Al Andaluz adds approximately 2,365 hectares to the area now permitted for exploration in the Escacena Project area
  • Tim Moody, Pan Global President and CEO sat down with Caroline Egan to discuss the news
  • Pan Global Resources Inc is engaged in base and precious metal exploration in southern Spain
  • Pan Global Resources Inc. (PGZ) is down 2.53 per cent on the day, trading at C$0.77 per share at 12 pm EST

Pan Global Resources (PGZ) is pleased to announce that the Regional Government of Andalusia has authorized the “Al Andaluz” Investigation Permit at the Escacena Project.

The permitting of “Al Andaluz” significantly expands the area for exploration in the Escacena Project in the Iberian Pyrite Belt, southern Spain.

Tim Moody, Pan Global President and CEO sat down with Caroline Egan tos discuss the news.

“The granting of the Al Andaluz Investigation Permit is a significant step forward for Pan Global. The property hosts several large gravity targets similar to the gravity anomaly associated with our La Romana discovery and has outstanding potential for the discovery of additional large copper deposits. A drill hole with 9.5m at 1.42 per cent Cu by Exxon in 1985 on the edge of one of these gravity anomalies at La Jarosa, confirms this potential. With Al Andaluz now granted and over $15 million in the treasury our plans to immediately commence an aggressive exploration program opens the opportunity to make additional copper discoveries in this highly prospective area.”

Al Andaluz adds approximately 2,365 hectares to the area now permitted for exploration in the Escacena Project area. This represents a 115 per cent increase to the area which now totals approx. 4,428 hectares. 

Escacena Project area, mineral rights (approx. 5,458 Ha) and targets

The investigation permit allows Pan Global to begin exploration immediately.

Pan Global Resources Inc. is engaged in base and precious metal exploration in southern Spain and is pursuing opportunities from exploration through to mine development. The company is committed to operating safely and with respect to the communities and environment where we operate.

Pan Global Resources Inc. (PGZ) is down 2.53 per cent on the day, trading at C$0.77 per share at 12 pm EST.

More From The Market Herald

" Kinross (TSX:K) announces increase to normal course issuer bid

Kinross Gold Corporation (K) has received approval from the TSX to amend its normal course issuer bid (NCIB) effective October 4, 2022.

" @ the Bell: U.S. markets decline amid new inflation numbers

American investors sold off in the equity market Friday, after the U.S. Department of Commerce released
The Market Herald Video

" Fandifi Technology (CSE:FDM) commences sign-ups for Fandifi’s beta launch

Fandifi Technology (FDM) announced that sign-ups for Fandifi’s Beta launch have commenced along with an accompanying marketing campaign.

" Foraco International (TSX:FAR) renews NCIB

Foraco International SA (FAR) has received approval to renew its normal course issuer bid.