#Spain #Pan Global #Andalusia #Escacena #Cármenes

Exciting Developments from Pan Global Resources on Escacena and Cármenes Projects

Pan Global Resources Inc. has recently made significant strides in its drilling initiatives on two major projects located in Spain: the Escacena and Cármenes projects. These concurrent drilling programs, which feature multiple target sites, aim to uncover rich deposits of copper, gold, and other valuable minerals. With an ambitious drill program totaling 7,000 meters planned for 2025, the company is set to expand its reach and provide crucial updates regarding mineral resource estimations.

Overview of the Projects

Escacena Project

The Escacena project, situated in southern Spain, is an impressive 5,760 hectares of land entirely owned by Pan Global. This region, part of the Iberian Pyrite Belt, is rich in mineral resources, which includes current mining operations nearby. The project is home to notable mineral discoveries including copper-tin-silver deposits at La Romana and La Pantoja, and the growing potential of many other targets such as Bravo and Barbacena.

Recent updates reveal that drilling at the Escacena site has successfully penetrated into promising mineralized zones. Eight additional wide-spaced drill holes are planned at La Romana, focusing on identifying extensions of high-grade mineralization ahead of an initial resource estimation set for later this year. Recent drilling results have already extended the mineralized surface length to an impressive 1.7 kilometers, with several sections remaining open for further exploration.

Cármenes Project

Moving to the northern part of Spain, the Cármenes project encompasses a significant area also rich in copper, gold, nickel, and cobalt. The historical context of this project, with its legacy of mining dating back to the 1930s, complements Pan Global’s current exploration efforts. Among the six planned drill holes on the Providencia target, three have already revealed substantial intercepts of gold-bearing breccia over widths exceeding 100 meters. These successes highlight the area's potential for veining that suggests substantial mineral deposits.

The ongoing drilling at Cármenes continues to demonstrate the optimization of resources through the integration of advanced geophysical techniques such as electromagnetic and magnetic surveys. Additionally, over 30 new targets have been identified for future drilling based on recent interpretations of geophysical data.

Future Outlook

Pan Global Resources remains committed to advancing its processes in a sustainable manner while focusing on progressive steps towards the extraction and identification of mineral resources. The importance of copper and gold in our global economy underscores the significance of Pan Global’s exploration activities. CEO Tim Moody expressed optimism regarding the high priorities associated with these drilling operations, emphasizing the potential for substantial new discoveries across both projects.

The comprehensive drilling program is not only a testament to the company's focus on resource estimation and mineralization but also reflects its organizational excellence in propelling forward under challenging market conditions. The impending updates from these drilling programs will provide shareholders and stakeholders with valuable insights into the company’s growth trajectory as they work diligently to meet their goals.

For further developments, interested parties are encouraged to follow the company’s updates as they eagerly await new outcomes from these critical exploratory drilling initiatives. With top-notch geology and exploration teams at work, the future for Pan Global Resources looks promising in the mineral-rich terrain of Spain.

Conclusion

The simultaneous drilling activities at Escacena and Cármenes are set to define a transformative era for Pan Global Resources as they continue to extract and analyze valuable insights from their endeavors. As the company gears up for another dynamic year in exploration and discoveries, industry observers are keen to witness how these initiatives unfold, potentially cementing Pan Global’s place as a leading player in the mining sector.