Pan Global Unveils Major VMS Target in Recently Granted Escacena South Area
Pan Global Resources Inc. has recently made a significant announcement regarding the identification of a new and highly prioritized Volcanogenic Massive Sulfide (VMS) target in the freshly granted Escacena South area located in southern Spain. This announcement comes in conjunction with the expansion of mineral rights to over 10,000 hectares in the Escacena project, particularly focusing on the Bravo target. The increase in mineral rights not only enhances the project's potential but positions Pan Global as a key player in the Iberian Pyrite Belt, a region rich in mineral resources.
The new VMS target is supported by a combination of historical exploration data and preliminary field assessments of the former Trinidad and Carmen mine sites. Notably, Pan Global has utilized public data from the Spanish geological service, along with unpublished survey maps from Exxon dating back to the 1980s. This comprehensive approach underscores the robustness of the data backing this new target.
Exploration activities have already confirmed the presence of copper mineralization along a one-kilometer trend, indicating a strong potential for VMS-type mineralization. The mineralization at the surface manifests alongside significant uninvestigated gravity and magnetic anomalies, which further bolster the promise of finding economically viable deposits.
Tim Moody, the President and CEO of Pan Global, states, "The historical mining facilities, positive geochemical surface values, alongside substantial gravity and magnetic anomalies, are compelling indicators of the potential for volcanogenic massive sulfide mineralization. Our immediate focus will be on the Trinidad and Carmen mining areas, which showcase the most promising newly identified targets for further exploration. Escacena South represents one of the last largely unexplored regions of the Iberian Pyrite Belt, offering immense opportunities for new VMS discoveries."
The existing geological evidence from Trinidad and Carmen points to a notable history of mining, with records of activity stretching back to the 1940s. Historical assays from these sites have reported impressive results, including copper concentrations of up to 6.3% and tin levels reaching 2.45%. The geophysical data indicates a vast region of untapped potential, marked by a dominant gravity anomaly extending 3.5 kilometers along the strike, situated south of the historical workings of Trinidad and Carmen, and just west of La Romana.
With the expanded area of Escacena South nearly doubling the project's footprint, Pan Global has identified numerous unexplored gravity anomalies that resemble the size and scale of the previously identified La Romana copper-tin-silver deposit. This lays the groundwork for future exploratory drilling and mineral evaluation. The immediate next steps involve advancing toward the drilling phase in the Trinidad and Carmen areas once all required permits are obtained.
In addition to the Escacena project, ongoing drilling activities continue at the Bravo target within Escacena and at the Providencia gold-copper-nickel-cobalt site in the Cármenes project located in northern Spain. Preliminary results from these operations are expected shortly.
Pan Global’s exploration strategy is strategically focused in resource-rich areas, highlighted by the proximity of Escacena to the operational Riotinto mine, and the former mines of Aznalcóllar and Los Frailes. As exploration progresses, these factors enhance the attractiveness of Pan Global’s portfolio of mineral projects.
In conclusion, as Pan Global Resources embarks on this significant exploration venture, the focus on high-priority VMS targets presents an emerging landscape of opportunities, poised to contribute to the global supply of critical minerals needed for various industries, particularly in contexts surrounding electrification and green technology. Enhanced infrastructure, mining expertise, and a favorable regulatory environment further increase the attractiveness of these new prospective sites. Investors and stakeholders will closely monitor the upcoming drilling results and the operational advancements at Escacena South.
Historical Context and Justification
The new VMS target is supported by a combination of historical exploration data and preliminary field assessments of the former Trinidad and Carmen mine sites. Notably, Pan Global has utilized public data from the Spanish geological service, along with unpublished survey maps from Exxon dating back to the 1980s. This comprehensive approach underscores the robustness of the data backing this new target.
Exploration activities have already confirmed the presence of copper mineralization along a one-kilometer trend, indicating a strong potential for VMS-type mineralization. The mineralization at the surface manifests alongside significant uninvestigated gravity and magnetic anomalies, which further bolster the promise of finding economically viable deposits.
Insights from Tim Moody
Tim Moody, the President and CEO of Pan Global, states, "The historical mining facilities, positive geochemical surface values, alongside substantial gravity and magnetic anomalies, are compelling indicators of the potential for volcanogenic massive sulfide mineralization. Our immediate focus will be on the Trinidad and Carmen mining areas, which showcase the most promising newly identified targets for further exploration. Escacena South represents one of the last largely unexplored regions of the Iberian Pyrite Belt, offering immense opportunities for new VMS discoveries."
Geological Features of Escacena South
The existing geological evidence from Trinidad and Carmen points to a notable history of mining, with records of activity stretching back to the 1940s. Historical assays from these sites have reported impressive results, including copper concentrations of up to 6.3% and tin levels reaching 2.45%. The geophysical data indicates a vast region of untapped potential, marked by a dominant gravity anomaly extending 3.5 kilometers along the strike, situated south of the historical workings of Trinidad and Carmen, and just west of La Romana.
Exploration Plans
With the expanded area of Escacena South nearly doubling the project's footprint, Pan Global has identified numerous unexplored gravity anomalies that resemble the size and scale of the previously identified La Romana copper-tin-silver deposit. This lays the groundwork for future exploratory drilling and mineral evaluation. The immediate next steps involve advancing toward the drilling phase in the Trinidad and Carmen areas once all required permits are obtained.
Broader Context in Mining Operations
In addition to the Escacena project, ongoing drilling activities continue at the Bravo target within Escacena and at the Providencia gold-copper-nickel-cobalt site in the Cármenes project located in northern Spain. Preliminary results from these operations are expected shortly.
Completion of Surrounding Projects
Pan Global’s exploration strategy is strategically focused in resource-rich areas, highlighted by the proximity of Escacena to the operational Riotinto mine, and the former mines of Aznalcóllar and Los Frailes. As exploration progresses, these factors enhance the attractiveness of Pan Global’s portfolio of mineral projects.
In conclusion, as Pan Global Resources embarks on this significant exploration venture, the focus on high-priority VMS targets presents an emerging landscape of opportunities, poised to contribute to the global supply of critical minerals needed for various industries, particularly in contexts surrounding electrification and green technology. Enhanced infrastructure, mining expertise, and a favorable regulatory environment further increase the attractiveness of these new prospective sites. Investors and stakeholders will closely monitor the upcoming drilling results and the operational advancements at Escacena South.
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