Pan Global Resources (PGZ.V) has completed the negotiations to secure a surface access agreement for an area directly west of the La Romana copper-tin discovery which is part of the company’s flagship Escacena project.
Pan Global isn’t wasting any time as the exploration activities will commence immediately at Romana West. The initial exploration plans will consist of ground geophysics (including IP surveys and detailed gravity surveys) while the company is already immediately mobilizing two drill rigs to the area. Those drill rigs will complete about 25-30 holes directly west to the La Romana mineralization using 100 meter spacings to further trace the mineralization to the west. Expanding the mineralized area to the west is one of Pan Global’s key exploration targets and the upcoming drill program will drill-test an additional 800-1,000 meters of strike length west of the La Romana copper-tin-silver mineralization.
Meanwhile, the company has had an active past few months, and Pan Global is currently awaiting the assay results of about 20 holes which were drilled at the La Romana, Canada Honda and Zarcita areas.
Disclosure: The author has a small long position in Pan Global Resources. Please read our disclaimer.