Pan World Sources’ Tim Moody: Doubtlessly Important Copper Discovery within the Iberian Pyrite Beltyoutu.be
Pan World Sources (TSXV:PGZ) introduced new drill outcomes at its 100% owned Escacena mission within the Iberian Pyrite Belt in Southern Spain. Director Tim Moody mentioned the corporate has the chance to make one other discovery.
“La Romana is a brand new copper discovery with probably essential concentrations of tin and silver as properly. We’ve been drilling continuous now for over a yr and a half. We have in all probability acquired 130 drill holes into it. It is high-grade copper mineralization from floor, extending to perhaps 300 or 400 meters depth, and over about 1.3 kilometers east,” mentioned Moody. The corporate is ready for some entry to develop it additional to the west. “It is actually shaping as much as be a probably vital new copper discovery within the Iberian Pyrite Belt in Spain.”
The Iberian Pyrite Belt is thought for its giant volcanogenic large sufide deposits. Moody defined that the realm has been repeatedly mined since pre-Roman days for greater than 2,000 years, however it nonetheless attracts main gamers. “There are at the least seven working mines within the belt, and there’s nothing prefer it in relation to discovering these very giant volcanogenic large sulfide orebodies,” he mentioned.
“The Romans have been nice explorers. And although the rocks have been protruding of the bottom, these have been properly explored. We managed to select up a extremely distinctive piece of floor off the sting of the duvet for the outcropping areas the place these potential rocks went beneath shallow cowl. We used fashionable geophysics to drill and we made a brand new discovery. It seems to be such as you’re sitting excessive of it, however simply sufficient to cover it from the Romans. So we’re lucky.”
In line with Moody, the brand new drill outcomes proceed to point out potential for near-surface, high-grade mineralization. Drilling efficiently outlined the southern margin of the La Romana mineralization and exhibits supergene copper mineralization extending over the footwall to the principle copper zone.
Pan World Sources plans to broaden the deposit additional to safe entry to the western extensions, the place there’s near-surface mineralization.
Watch the total interview of Pan World Sources Director Tim Moody above.
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