Pan Global Resources reports about the latest prospecting and sampling results from the Aguilas Copper Project in Spain.
The company manages the Aguilas Project through its agreement to acquire Spanish company, Minera Aguila SLU. Minera Aguila SLU holds the Las Aguilas I, II and III Investigation Permit applications, referred to as the "Aguilas Project". The mineral rights cover approximately 11,302.5 hectares within the Pedroches Batholith, in northern Andalucia, Spain.
Prospecting in the Aguilas Project has focused on identifying the extent and nature of the copper mineralization on the Torrubia Copper Trend. Previously reported results included 25 rock grab samples with values ranging from 1% to 28% copper and up to 33% iron, 1.7g/t gold, 17.5g/t silver, 0.13% cobalt, along with anomalous levels of uranium, nickel and light rare earth metals (lanthanum and scandium).
The copper is associated with numerous small ancient mine workings, multi-stage hydrothermal quartz-hematite-carbonate breccia and "red rock" alteration. The metal association, style of mineralization and alteration are typical of hematite dominant iron oxide copper gold (IOCG) type ore deposits such as occur in the Cloncurry and Olympic Dam districts in Australia and elsewhere.
There has been very little previous exploration in the area and no drilling on the copper trend. Re-evaluation of the historic Zumajo lead-silver mine trend within the Aguilas project area has also commenced.
The latest exploration in the Aguilas Project has extended the copper mineralization on the Torrubia Copper Trend and identified similar style copper mineralisation on a separate structure at Los Lazos. Definitive Admission of the Aguilas I and Aguilas II Investigation Permits is on track for early July.
