Pan Global Resources Inc. press release

Pan Global Drills 6.7m at 3.1% Copper and 17.5g/t Silver at La Romana, Escacena Project, Southern Spain

2022-04-05

TSXV - TSX Venture Exchange · Copper · Tin · Gold · Silver · Zinc · Lead · Cobalt · Nickel · Platinum · Palladium · Canada · Drill Results

6.7m at 3.1% Cu, 17.5g/t Ag, including 2.95m at 6.2% Cu, 0.04% Sn, 36.8g/t Ag, 0.12g/t Au plus additional near surface high grade copper intervals La Romana mineralization remains wide open in several directions Copper mineralization and wide zone of alteration confirmed at satellite IP anomaly north of La Romana Additional 20 drill holes planned to further expand the La Romana target

Vancouver, British Columbia--(Newsfile Corp. - April 5, 2022) - Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce new drill results and the expansion of the La Romana target area ("La Romana") at the Escacena Project ("Escacena") in the Iberian Pyrite Belt, southern Spain. Exploration is also in progress on new targets in the surrounding area with drilling also ongoing at the La Jarosa target ("La Jarosa"), located approx. 4km northeast of La Romana.

Tim Moody, Pan Global President and CEO states: "The latest results further confirm the copper mineralization at La Romana remains wide open to the west from near surface and also down dip. Results for drill hole LRD114 included an excellent high-grade intersection which highlights the potential for additional high grade in the east. We are mobilizing a second drill rig to recommence drilling at La Romana where we have a further twenty drill holes planned."

Mr. Moody added: "An extensive exploration program is also in progress on multiple new targets at Escacena, with results pending for the recently completed high resolution heliborne electromagnetic and magnetic survey. A ground Induced Polarity ("IP") survey is also about to commence. Three follow-up drill holes have been completed at La Jarosa with results awaited to help vector to additional copper mineralization."

Drill highlights include:

6.7m at 3.1% Cu%, 17.5g/t Ag, 0.024% Co, 0.2% Pb, 0.4% Znfrom 74.3m in LRD114, including 2.95m at 6.2% Cu, 37g/t Ag, 0.12g/t Au, 0.04% Co, 0.4% Pb, 0.9% Zn

20.25m at 0.62% Cu, 0.05% Sn, 2.5g/t Agfrom 6.35m inLRD95, including 7m at 1.23% Cu, 0.08% Sn, 5.3g/t Ag

20.25m at 0.6% Cu, 4.6g/t Ag, 0.14% Znfrom 56.25m in LRD113, including 7.75m at 1.02% Cu, 4.9g/t Agand 1m at 1.7% Cu, 42.8g/t Ag, 0.04g/t Au, 0.8% Pb, 1.8% Zn

20m at 0.4% Cu, 0.06% Sn, 1.2g/t Agfrom 65m in LRD103, including 3.5m at 0.8% Cu, 0.19% Sn, 2.9g/t Ag, including 0.45m at 3.7% Cu, 0.51% Sn, 12g/t Ag, 0.06% Co

17.1m at 0.54% Cu, 0.07% Sn, 1.7g/t Agfrom 53m in LRD106,including 5m at 0.5% Cu, 0.12% Sn, 1.3g/t Agand 3.25m at 1.6% Cu, 0.09% Sn, 5.1g/t Ag

[](https://orders.newsfilecorp.com/files/5190/119187_cd62fbb5b4407805_001full.jpg)

Figure 1 - La Romana target and drill hole locations with selected highlights

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[](https://orders.newsfilecorp.com/files/5190/119187_cd62fbb5b4407805_002full.jpg)

Figure 2 - Summary drill hole cross section 736935M East with new drill holes LRD113 and LRD114 results highlights in yellow

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[](https://orders.newsfilecorp.com/files/5190/119187_cd62fbb5b4407805_003full.jpg)

Figure 3 - Summary drill hole cross section 736485M East with new drill hole LRD95 results highlights in yellow

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[](https://orders.newsfilecorp.com/files/5190/119187_cd62fbb5b4407805_004full.jpg)

Figure 4 - Summary drill hole cross section 736035M East with new drill holes LRD103 and LRD106 results highlights in yellow

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[](https://orders.newsfilecorp.com/files/5190/119187_cd62fbb5b4407805_005full.jpg)

Figure 5 - La Romana - View to the south approx. perpendicular to the plane of the mineralization (dip 40oN) showing drill hole Cu and Sn grade contours and Cu x m (%) thickness bubbles showing the mineralization open in several directions

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Drill results

The latest drill results are from nineteen holes completed in 2021-2022 in the Phase 4 drill program at the La Romana discovery. Drill holes LRD 94, 95, 112, 113, 114 and 115 tested up-dip/near-surface extensions in the centre and east of the target area. Drill holes LRD96, 103, 106, 109 and 110 tested the westward extensions. Drill holes LRD 89, 91, 93, 100, 102, 105 and 107 tested down-dip extensions. Drill hole LRD 101 tested an IP chargeability anomaly approximately 400m north of La Romana.

Drill hole locations are shown in Figure 1 and summary cross sections for selected drill holes LRD95, LRD103, LRD106, LRD113 and LRD114 provided in Figures 2, 3 and 4 above.

Drill hole collar information is provided in Table 1 below. Assay results are summarized in Table 2. The drill holes were all inclined towards the south or southwest and all reported drill intervals are approximately true thickness (>90%). Previously published drill results are provided in the Company's website:

https://www.panglobalresources.com/_files/ugd/eec401_6b904e48451543efb191408a725c7fa0.pdf

Table 1Escacena Project, La Romana drill hole collar information (Total 4147.65m)

| Hole ID | Easting1 | Northing1 | Azimuth (º) | Dip (º) | Depth (m) | | LRD89 | 736985 | 4152861 | 180 | -59 | 346.9 | | LRD91 | 736540 | 4152798 | 180 | -60 | 260.3 | | LRD93 | 736236 | 4152738 | 180 | -55 | 215.85 | | LRD94 | 736885 | 4152593 | 180 | -50 | 122.15 | | LRD95 | 736485 | 4152622 | 180 | -55 | 116.3 | | LRD96 | 736138 | 4152716 | 180 | -55 | 182.05 | | LRD100 | 736837 | 4152832 | 180 | -66 | 311.3 | | LRD101 | 735977 | 4153194 | 180 | -60 | 404.3 | | LRD102 | 736783 | 4152859 | 180 | -60 | 301.5 | | LRD103 | 736053 | 4152764 | 220 | -50 | 191.1 | | LRD105 | 736735 | 4152866 | 180 | -60 | 307 | | LRD106 | 736075 | 4152722 | 220 | -50 | 189 | | LRD107 | 736329 | 4152869 | 180 | -55 | 287.2 | | LRD109 | 736103 | 4152682 | 190 | -50 | 170.1 | | LRD110 | 736183 | 4152640 | 180 | -55 | 134.1 | | LRD112 | 736523 | 4152613 | 180 | -50 | 173.4 | | LRD113 | 736938 | 4152618 | 180 | -55 | 149.25 | | LRD114 | 736938 | 4152618 | 180 | -80 | 162.8 | | LRD115 | 736738 | 4152575 | 180 | -55 | 123.05 |

1_Coordinates are in ERTS89 datum UTM29N_

Table 2- Escacena Project, La Romana drill results summary

| Hole | Fr | To | Int | Cu | Sn | Ag | Co | Au | Pb | Zn | | | | | m | % | ppm | g/t | ppm | g/t | ppm | ppm | | LRD89 | 235.70 | 236.30 | 0.60 | 1.77 | 48 | 6.9 | 308 | 0.05 | 39 | 185 | | | 282.05 | 282.50 | 0.45 | 0.88 | 27 | 7.1 | 505 | 0.18 | 509 | 836 | | | | | | | | | | | | | | LRD91 | 14.00 | 14.75 | 0.75 | 0.78 | 25 | 7.2 | 42 | 0.18 | 761 | 83 | | | 136.50 | 142.00 | 5.50 | 0.43 | 911 | 2.0 | 73 | 0.01 | 37 | 405 | | incl. | 233.00 | 259.00 | 26.00 | | 334 | | | | | | | | | | | | | | | | | | | LRD93 | 8.00 | 11.10 | 3.10 | 0.53 | 76 | 1.2 | 59 | 0.02 | 46 | 144 | | | 80.00 | 103.00 | 23.00 | 0.33 | 770 | 2.6 | 87 | 0.01 | 94 | 248 | | incl. | 95.50 | 101.85 | 6.35 | 0.55 | 1505 | 3.8 | 144 | 0.01 | 69 | 228 | | | 210.55 | 210.95 | 0.40 | 1.83 | 395 | 18.8 | 94 | 0.14 | 696 | 2070 | | | | | | | | | | | | | | LRD94 | 30.50 | 53.00 | 22.50 | 0.25 | 71 | 2.0 | 42 | 0.01 | 319 | 232 | | | 60.60 | 61.00 | 0.40 | 3.42 | 106 | 9.4 | 126 | 0.03 | 240 | 404 | | | 62.75 | 62.90 | 0.15 | 0.94 | 472 | 9.4 | 417 | 0.23 | 690 | 421 | | | | | | | | | | | | | | LRD95 | 6.35 | 40.00 | 33.65 | 0.43 | 386 | 1.8 | 48 | 0.00 | 96 | 276 | | | 6.35 | 26.60 | 20.25 | 0.62 | 527 | 2.5 | 59 | 0.00 | 53 | 235 | | | 8.00 | 15.00 | 7.00 | 1.23 | 836 | 5.3 | 83 | 0.01 | 43 | 348 | | | | | | | | | | | | | | LRD96 | 48.00 | 79.00 | 31.00 | 0.22 | 429 | 1.0 | 57 | 0.01 | 59 | 155 | | incl. | 64.00 | 74.00 | 10.00 | 0.29 | 821 | 1.1 | 71 | 0.01 | 12 | 99 | | incl. | 69.00 | 77.00 | 8.00 | 0.18 | 1142 | 0.8 | 66 | 0.01 | 10 | 92 | | | | | | | | | | | | | | LRD100 | 188.10 | 189.70 | 1.60 | 1.01 | 37 | 2.9 | 84 | 0.02 | 23 | 94 | | incl. | 189.00 | 189.70 | 0.70 | 1.53 | 46 | 4.2 | 103 | 0.02 | 31 | 140 | | | 207.25 | 207.80 | 0.55 | 2.90 | 99 | 13.4 | 975 | 0.10 | 72 | 320 | | | 231.60 | 232.40 | 0.80 | 1.48 | 64 | 7.7 | 142 | 0.02 | 84 | 506 | | | 256.15 | 256.55 | 0.40 | 1.66 | 375 | 8.8 | 320 | 0.15 | 477 | 1305 | | | 263.85 | 264.10 | 0.25 | 1.74 | 1390 | 11.5 | 616 | 0.22 | 283 | 604 | | | | | | | | | | | | | | LRD101 | 100.50 | 101.25 | 0.75 | 1.18 | 60 | 29.2 | 11 | 0.07 | 3170 | 167 | | | 279.45 | 279.70 | 0.25 | 8.30 | 160 | 28.8 | 281 | 0.04 | 69 | 282 | | | | | | | | | | | | | | LRD102 | 115.50 | 118.55 | 3.05 | 0.82 | 39 | 4.7 | 56 | 0.01 | 274 | 794 | | incl. | 115.50 | 116.45 | 0.95 | 1.27 | 50 | 9.8 | 68 | 0.03 | 717 | 2180 | | incl. | 118.40 | 118.55 | 0.15 | 7.16 | 91 | 19.7 | 306 | 0.05 | 138 | 636 | | | 230.00 | 242.70 | 12.70 | 0.55 | 64 | 2.5 | 60 | 0.01 | 100 | 310 | | incl. | 233.95 | 235.00 | 1.05 | 1.00 | 53 | 4.4 | 98 | 0.03 | 52 | 484 | | incl. | 237.00 | 238.00 | 1.00 | 1.09 | 66 | 4.0 | 85 | 0.02 | 66 | 370 | | incl. | 242.00 | 242.70 | 0.70 | 1.40 | 149 | 4.8 | 123 | 0.02 | 94 | 331 | | | 275.90 | 276.05 | 0.15 | 1.23 | 1755 | 4.7 | 216 | 0.12 | 283 | 375 | | | | | | | | | | | | | | LRD103 | 65.00 | 85.00 | 20.00 | 0.38 | 631 | 1.2 | 93 | 0.01 | 32 | 95 | | incl. | 73.00 | 76.50 | 3.50 | 0.77 | 1910 | 2.9 | 156 | 0.01 | 97 | 130 | | incl. | 74.10 | 74.55 | 0.45 | 3.73 | 5130 | 12.0 | 570 | 0.02 | 141 | 188 | | | 112.00 | 123.00 | 11.00 | 0.22 | 328 | 0.7 | 56 | 0.01 | 5 | 63 | | | | | | | | | | | | | | LRD105 | 70.15 | 70.90 | 0.75 | 2.22 | 80 | 5.9 | 130 | 0.10 | 1468 | 3953 | | | 233.00 | 246.00 | 13.00 | 0.51 | 55 | 2.6 | 64 | 0.01 | 50 | 321 | | incl. | 238.85 | 242.30 | 3.45 | 1.10 | 73 | 5.0 | 87 | 0.01 | 41 | 326 | | incl. | 238.85 | 239.15 | 0.30 | 5.71 | 210 | 25.6 | 322 | 0.03 | 113 | 1100 | | incl. | 240.20 | 241.20 | 1.00 | 1.49 | 87 | 6.6 | 108 | 0.02 | 71 | 375 | | | 252.00 | 266.25 | 14.25 | 0.48 | 181 | 2.5 | 62 | 0.01 | 116 | 674 | | incl. | 257.20 | 258.55 | 1.35 | 1.73 | 827 | 7.2 | 129 | 0.02 | 225 | 742 | | incl. | 261.75 | 262.25 | 0.50 | 1.56 | 193 | 11.0 | 108 | 0.02 | 497 | 1700 | | incl. | 265.00 | 266.25 | 1.25 | 1.36 | 294 | 6.1 | 90 | 0.01 | 172 | 645 | | incl. | 265.95 | 266.25 | 0.30 | 4.39 | 698 | 20.8 | 202 | 0.03 | 491 | 2080 | | | | | | | | | | | | | | LRD106 | 53.00 | 70.10 | 17.10 | 0.54 | 729 | 1.7 | 95 | 0.02 | 26 | 135 | | incl. | 55.00 | 60.00 | 5.00 | 0.48 | 1183 | 1.3 | 94 | 0.01 | 18 | 73 | | incl. | 66.85 | 70.10 | 3.25 | 1.61 | 882 | 5.1 | 109 | 0.04 | 54 | 251 | | | 85.50 | 93.20 | 7.70 | 0.28 | 142 | 0.9 | 47 | 0.01 | 15 | 64 | | | | | | | | | | | | | | LRD107 | 172.00 | 193.00 | 21.00 | 0.34 | 345 | 2.4 | 60 | 0.01 | 324 | 614 | | incl. | 177.00 | 188.00 | 11.00 | 0.52 | 370 | 3.2 | 72 | 0.01 | 289 | 526 | | incl. | 181.00 | 185.00 | 4.00 | 1.06 | 781 | 5.8 | 90 | 0.01 | 227 | 406 | | | | | | | | | | | | | | LRD109 | 17.00 | 33.35 | 16.35 | 0.23 | 884 | 0.8 | 78 | 0.01 | 20 | 87 | | incl. | 21.00 | 29.00 | 8.00 | 0.29 | 1129 | 1.0 | 97 | 0.02 | 26 | 94 | | incl. | 32.85 | 33.35 | 0.50 | 0.59 | 2460 | 3.1 | 97 | 0.02 | 36 | 112 | | | | | | | | | | | | | | LRD110 | 19.70 | 30.00 | 10.30 | 0.47 | 912 | 1.3 | 65 | 0.01 | 39 | 130 | | incl. | 19.70 | 26.00 | 6.30 | 0.40 | 1223 | 1.4 | 75 | 0.01 | 17 | 137 | | | | | | | | | | | | | | LRD112 | 5.40 | 43.10 | 37.70 | 0.38 | 214 | 1.4 | 53 | 0.00 | 106 | 287 | | incl. | 26.10 | 43.10 | 17.00 | 0.49 | 308 | 1.9 | 57 | 0.01 | 157 | 358 | | incl. | 39.70 | 41.80 | 2.10 | 1.32 | 247 | 5.3 | 53 | 0.01 | 635 | 387 | | | 67.00 | 68.20 | 1.20 | 1.48 | 186 | 3.6 | 55 | 0.01 | 345 | 737 | | | 54.60 | 135.00 | 80.40 | 0.07 | 227 | | | | | | | | | | | | | | | | | | | LRD113 | 25.00 | 27.00 | 2.00 | 2.08 | 43 | 4.1 | 76 | 0.02 | 441 | 737 | | | 56.25 | 76.50 | 20.25 | 0.57 | 40 | 4.6 | 67 | 0.01 | 589 | 1430 | | incl. | 56.25 | 64.00 | 7.75 | 1.02 | 29 | 4.9 | 94 | 0.02 | 401 | 607 | | incl. | 61.45 | 64.00 | 2.55 | 2.30 | 58 | 11.7 | 165 | 0.03 | 1190 | 1556 | | incl. | 70.60 | 71.60 | 1.00 | 1.73 | 85 | 42.8 | 97 | 0.04 | 7590 | 17900 |

| | | | | | | | | | | | | LRD114 | 31.15 | 32.40 | 1.25 | 1.15 | 28 | 11.7 | 324 | 0.13 | 517 | 578 | | | 43.10 | 44.10 | 1.00 | 1.85 | 31 | 6.3 | 108 | 0.02 | 800 | 1047 | | incl. | 43.10 | 43.40 | 0.30 | 5.23 | 51 | 13.9 | 197 | 0.04 | 1215 | 2140 | | | 74.30 | 81.00 | 6.70 | 3.08 | 80 | 17.5 | 242 | 0.06 | 1825 | 4110 | | incl. | 75.65 | 78.60 | 2.95 | 6.17 | 136 | 36.8 | 449 | 0.12 | 4020 | 8724 | | | 97.35 | 97.55 | 0.20 | 2.03 | 37 | 9.4 | 441 | 0.16 | 349 | 1270 | | | 120.30 | 120.55 | 0.25 | 3.06 | 81 | 20.1 | 499 | 0.10 | 8390 | 6800 | | | 147.00 | 147.20 | 0.20 | 1.87 | 451 | 6.3 | 224 | 0.13 | 139 | 178 | | | | | | | | | | | | | | LRD115 | 29.60 | 57.40 | 27.80 | 0.46 | 279 | 2.5 | 53 | 0.01 | 149 | 378 | | | 29.60 | 49.25 | 19.65 | 0.50 | 337 | 2.8 | 54 | 0.01 | 143 | 353 | | incl. | 29.60 | 38.80 | 9.20 | 0.76 | 375 | 3.7 | 69 | 0.01 | 37 | 356 | | | 29.60 | 32.65 | 3.05 | 0.99 | 450 | 4.9 | 94 | 0.01 | 33 | 269 |

The results continue to show that the mineralization remains wide open in several directions (see Figure 5 above).

The primary mineralization includes mainly stockwork, semi-massive sulphides and bands of massive sulphide, with chalcopyrite as the primary copper mineral and cassiterite as the predominant tin mineral. The copper mineralization is also associated with elevated levels of silver, cobalt and gold. A metal zonation is also apparent, progressing from copper and tin in the west to copper and zinc in the east. A zone of oxidation and supergene copper mineralization is also locally present in the upper levels of the deposit, with chalcocite overprinting/replacing primary sulphide.

Drill hole LRD89testing dip extensions in the east intersected minor copper mineralization. Results include:

0.6m at 1.8% Cu, 6.9g/t Ag, 0.031% Cofrom 235.7m (downhole) 0.45m at 0.9% Cu, 7.1g/t Ag, 0.18g/t Au, 0.05% Cofrom 282.05m

Drill hole LRD91confirmed a narrow down-dip continuation of the copper and tin mineralization to the north, approx. 50m down-dip from LRD56. The hole also shows wide zones of anomalous tin in the footwall. Results include:

0.75m at 0.8% Cu, 7.2g/t Ag, 0.18g/t Aufrom 14m 5.5mat 0.4% Cu, 0.09% Sn, 2g/t Ag, and 26m at 0.033% Sn from 233m

Drill hole LRD93confirmed down-dip continuation of the copper and tin mineralization to the north, approx. 50m down-dip from LRD70. The hole also includes a thin near-surface interval with oxide copper. Results include:

3.1m at 0.5% Cu, 1.2g/t Agfrom 8m (oxide) 23mat 0.33% Cu, 0.07% Sn, 2.6g/t Ag, including 6.35m at 0.55% Cu, 0.15% Sn, 3.8g/t Ag

0.4m at 1.8% Cu, 0.04% Sn, 18.8g/t Ag, 0.14g/t Aufrom 210.55m

Drill hole LRD94,in the east intersected an upper zone of low grade supergene chalcocite +/- minor chalcopyrite. Results include:

22.5m at 0.25% Cu, 2g/t Agfrom 30.5m (chalcocite) 0.4mat 3.4% Cu, 9.4g/t Ag

Drill hole LRD95,testing the up-dip extension approx. 25m south of LRD11, intersected a >33m wide zone with supergene chalcocite +/- minor chalcopyrite, including:

20.25mat 0.6% Cu, 0.05% Sn, 2.5g/t Agfrom 6.35m (chalcocite), including: 7m at 1.2% Cu, 0.08% Sn, 5.3g/t Ag

Drill hole LRD96,in the west intersected a >30m wide zone of low grade copper and tin mineralization from 31m, including:

10mat 0.3% Cu, 0.08% Sn, 1.1g/t Agfrom 64m, or 8m at 0.2% Cu, 0.11% Sn from 69m

Drill hole LRD100,confirmed down-dip continuation of the mineralization in the east with multiple thin intervals with >1% Cu and local elevated Co, including:

1.6mat 1.0% Cu, 2.9g/t Agfrom 188m 0.55m at 2.9% Cu, 13.4g/t Ag, 0.098% Co from 207.25m 0.8m at 1.5% Cu, 7.7g/t Ag, 0.014% Cofrom 231.6m 0.4m at 1.7% Cu, 0.04% Sn, 8.8g/t Ag, 0.15g/t Au, 0.03% Cofrom 256.15m 0.25m at 1.7% Cu, 0.14% Sn, 11.5g/t Ag, 0.22g/t Au, 0.06% Cofrom 263.85m

Drill hole LRD101 confirmed a wide zone of strong alteration associated with a satellite IP anomaly approx. 300m to the north of La Romana. The hole intersected wide zones of mainly chlorite alteration +/- strong silicification with traces of chalcopyrite and/or pyrite and a thin copper-rich coarse massive sulphide interval. The coarse sulphide intervals indicates potential remobilisation from nearby mineralization. The IP anomaly remains open towards the west and gravity data indicates further potential down-dip. Results include:

0.75mat 1.2% Cu, 29.2g/t Ag, 0.32% Pbfrom 100.5m, and 0.25m at 8.3% Cu, 0.016% Sn, 28.8g/t Ag, 0.03% Cofrom 279.45m (massive sulphide)

Drill hole LRD102,confirmed the mineralization remains open to the north, approx. 50m down dip from LRD74 with multiple thin >1% Cu intervals, including:

3.05mat 0.8% Cu, 4.7g/t Agfrom 115.5m, including 0.95m at 1.3% Cu, 9.8g/t Ag, 0.22% Zn 0.15m at 7.2% Cu, 19.7g/t Ag, 0.03% Co

12.7m at 0.55% Cu, 2.5g/t Agfrom 230m, including 1.05m at 1.0% Cu, 4.4g/t Ag 1m at 1.1% Cu, 4g/t Ag 0.7m at 1.4% Cu, 4.8g/t Ag

0.15m at 1.2% Cu, 0.18% Sn, 4.7g/t Ag, 0.12g/t Au, 0.02% Cofrom 275.9m

Drill hole LRD103 confirmed the copper and tin mineralization continues and remains wide open towards the west. Results include:

20mat 0.4% Cu, 0.06% Sn, 1.2g/t Agfrom 65m, including 3.5m at 0.8% Cu, 0.19% Sn, 2.9g/t Ag 0.45m at 3.7% Cu, 0.51% Sn, 12g/t Ag, 0.06% Co

Drill hole LRD105 confirmed the copper mineralization continues approx. 50m further down-dip from LRD78 and remains open to the north, including:

0.75mat 2.2% Cu, 5.9g/t Ag, 0.15% Pb, 0.4% Znfrom 70.15m 13m at 0.5% Cu, 2.6g/t Ag from 233m, including 3.45m at 1.1% Cu, 5g/t Ag, includes 0.3m at 5.7% Cu, 25.6g/t Ag

14.25m at 0.5% Cu, 2.5g/t Agfrom 252m, including 1.35m at 1.7% Cu, 0.08% Sn, 7.2g/t Ag 0.5m at 1.6% Cu, 11g/t Ag 1.25m at 1.4% Cu, 0.03% Sn, 6.1g/t Ag 0.3m at 4.4% Cu, 0.07% Sn, 20.8g/t Ag, 0.02% Co

Drill hole LRD106 confirmed the copper and tin mineralization continues and remains wide open towards the west from near surface. Results include:

17.1mat 0.5% Cu, 0.07% Sn, 1.7g/t Agfrom 53m, including 5m at 0.5% Cu, 0.12% Sn, 1.3g/t Ag 3.25m at 1.6% Cu, 0.09% Sn, 5.1g/t Ag

Drill hole LRD107confirmed the copper mineralization continues approx. a further down-dip from LRD65 and remains open to the north. Results include:

11mat 0.5% Cu, 0.04% Sn, 3.2g/t Agfrom 177m, including 4m at 1.1% Cu, 0.08% Sn, 5.8g/t Ag

Drill hole LRD109confirmed the copper and tin mineralization continues, albeit with lower copper and higher tin grades compared to adjacent holes, and remains wide open towards the west from near surface. Results include:

16.35mat 0.23% Cu, 0.09% Sn, 0.8g/t Agfrom 17m, including 8m at 0.3% Cu, 0.13% Sn, 1.0g/t Ag 0.5m at 0.6% Cu, 0.25% Sn, 3.1g/t Ag

Drill hole LRD110intersected additional copper and tin mineralization from near surface and remains open towards the west. Results include:

10.3mat 0.5% Cu, 0.09% Sn, 1.3g/t Agfrom 19.7m, including 6.3m at 0.4% Cu, 0.12% Sn, 1.4g/t Ag

Drill hole LRD112extends the copper and tin mineralization from immediately beneath shallow cover approx. 25m south of LRD 61. The hole intersected a wide zone of secondary chalcocite and thick, well-developed, mostly pyritic sulphide stock work with anomalous tin. The results indicate potential for the supergene chalcocite mineralization to extend further to the south. Results include:

37.7mat 0.4% Cu, 0.02% Sn, 1.4g/t Agfrom 5.4m (chalcocite), including 17m at 0.5% Cu, 0.03% Sn, 1.9g/t Ag, includes 2.1m at 1.3% Cu, 0.02% Sn, 5.3g/t Ag

1.2m at 1.5% Cu, 3.6g/t Ag from 67m 80.4m at 0.022% Snfrom 54.6m

Drill hole LRD113,confirmed continuation of the copper mineralization approx. 25m down-dip from LRD69 in the east with high grades from shallow depths. Results include:

2mat 2.1% Cu, 4.1g/t Agfrom 25m 20.25m at 0.6% Cu, 4.6g/t Ag, 0.14% Zn from 56.25m, including 7.75m at 1.02% Cu, 4.9g/t Ag, includes 2.55m at 2.3% Cu, 11.7g/t Ag, 0.12% Pb, 0.16% Zn

1m at 1.7% Cu, 42.8g/t Ag, 0.8% Pb, 1.8% Znfrom 70.6m