- 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.
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.
