#Spain #Pan Global #Andalusia #Escacena #Bravo Target

Pan Global Commences Drilling at Bravo Target in Escacena

Pan Global Resources Inc. has officially launched drilling operations at the Bravo target located in the Escacena copper-tin project in southern Spain. This initiative is part of the Company’s efforts to evaluate a significant gravity anomaly that measures 2 km by 1.5 km, situated approximately 1 km east of the La Romana copper-tin-silver discovery.

The drilling program will consist of up to eight widely spaced drill holes designed to explore for volcanogenic massive sulfide (VMS) mineralization, correlating with geophysical and geochemical anomalies identified in prior studies. The first phase of drilling is expected to be completed by mid-2023, providing timely insight into this promising area.

The Importance of the Bravo Target

The Bravo target stands out due to its proximity to the La Romana discovery and its strategic location within the Iberian Pyrite Belt, a region renowned for its mineral wealth. Recent geophysical investigations indicate several characteristics associated with the nearby La Romana mineralization, suggesting a favorable geological environment for potential new discoveries. This raises the optimism for significant finds at Bravo, particularly as it has not yet been tested despite its promising indicators.

Tim Moody, President and CEO of Pan Global Resources, emphasized the significance of this step: "The geophysical surveys at Bravo display many characteristics associated with our nearby La Romana discovery, thus enhancing the potential for mineralization. After months of meticulous fieldwork, we are excited to commence drilling."

Technical Investigations

Recent geological assessments, including an 18.2 km-long induced polarization (IP) survey, have uncovered anomalies related to chargeability and specific resistivity correlating with the Bravo gravity anomaly. These findings suggest possible extensions or repetitions of the geological trends that characterize La Romana’s mineralization. The IP data has been instrumental in refining the detailed modeling of the Company's gravity, soil geochemistry, and electromagnetic survey results, guiding the prioritization of drill targets.

The initial drilling phase will assess a robust IP chargeability anomaly located approximately 500 meters south of the main Bravo gravity anomaly, interpreted to extend the mineralization trend begun at La Romana.

Escacena Project Overview

The Escacena project encompasses a vast contiguous land package of 5,760 hectares, entirely held by Pan Global, positioned strategically in the eastern region of the Iberian Pyrite Belt. This project is near key operational mines like Riotinto and is adjacent to the former Aznalcóllar and Los Frailes mines, currently undergoing final approval phases for new mining operations by Grupo México.

Within Escacena, the project hosts several prospective targets aside from Bravo, including Barbacena, La Pantoja, and El Pozo. A long-term aim remains the delineation of at least 100 million tonnes of copper resources from a collection of occurrences, aligning with similar operational standards in the Iberian Pyrite Belt.

Commitment to Sustainable Practices

Pan Global is firmly dedicated to responsible exploration and mining practices, ensuring they operate with respect for both the environment and local communities. The company adheres to the principles of the United Nations Global Compact, reaffirming their commitment to sustainable and socially responsible mining operations.

In summary, the initiation of drilling at Bravo marks a crucial advancement for Pan Global Resources. Stakeholders and investors are keenly awaiting the results from this strategic exploration, which could unlock new pathways for resource development in one of Spain's most promising mining regions.