EXPLORATION PROGRAM AT ESCACENA PROJECT, SOUTHERN SPAIVANCOUVER,
The 2024 Plan will focus on the Company's 100%-owned
'The
'With funds in place to advance the
Highlights for 2023
Completed 60 drillholes (14,992m) on five targets
Completed preliminary metallurgy tests for La Romana confirming 86.4% to 89.5% copper recoveries at coarser grind size (lower energy) compared to regional operating mines. Copper concentrate grades of 23.8% to 28.5% with silver credits and very low deleterious elements were reported.
Completed 20 holes of a planned 25-to-30-hole drill program testing the western projection of the near surface La Romana mineralization and confirmed continuity of the mineralization over 1.35km east-west strike extent, open to the west and at depth to the north
Confirmed a new copper-gold discovery at Canada Honda based on initial wide-spaced drill results
Launched an 11-hole step-out drilling program at Canada Honda, with drilling to resume in January to test the potential along a 2km gravity anomaly
Expanded the portfolio of untested
Additional achievement in 2023 include: Graduated to the OTCQX in
Strengthened the Company's sustainability and ESG commitment, targeting copper and other metals critical for global energy transition
Announced the Company's first sustainability report, produced independently by Digbee ESG
Completed a
2024 Exploration Plan: The 2024 plan will focus on: Further drilling to delineate the western and northern extent of the La Romana mineralization ahead of a maiden mineral resource estimate; Additional La Romana metallurgical testwork; Drilling to test the potential to significantly expand the copper-gold discovery at Canada Honda and, Advancing the strong pipeline of new exploration targets for future drill testing.
Catalysts for 2024-2025 include: Drillhole results from ongoing exploration drilling at La Romana and results for step-out drilling at the Canada Honda discovery
Gaining surface access to the highly prospective Bravo gravity target (less than 2km along trend east of La Romana) for exploration
Tin metallurgical test results and variability test results on the La Romana mineralization
Ongoing exploration results and drilling on new targets
Maiden NI 43-101 compliant Mineral Resource Estimate for La Romana and Preliminary Economic Assessment
About
Contact:
Tel: +1 778 372-7101
Email: jason@panglobalresources.com
Forward-looking statements
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the
The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.
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