Pan Global Initiates Ambitious 2026 Drill Campaign at Escacena Project in Spain
Pan Global Initiates Ambitious 2026 Drill Campaign at Escacena Project in Spain
Pan Global Resources Inc. (TSX-V: PGZ) is thrilled to announce the launch of its 2026 drilling program at the El Pozo target of the Escacena Project, which is fully owned by the company. This project is part of the renowned Iberian Pyrite Belt located in southern Spain, an area rich in mineral resources.
Overview of El Pozo Target
El Pozo represents a large-scale and promising target that has not been previously drilled. It is strategically positioned less than three kilometers north of the La Romana deposit, which is known for its copper, tin, and silver resources. Additionally, it lies around two kilometers west of the Cañada Honda deposit, which boasts copper and gold.
The initial phase of drilling at El Pozo will include up to four drill holes aimed at exploring a substantial, largely untapped area characterized by historical mining activities, elevated soil copper-zinc levels, and significant Induced Polarization (IP) and electromagnetic anomalies detected via extensive geophysical surveys.
Potential of the Escacena Project
According to Tim Moody, President and CEO of Pan Global, the geological indicators at El Pozo suggest the presence of a Volcanic Massive Sulfide (VMS) mineralization system, which may intensify with depth. The alignment of copper geochemistry and geophysical results is particularly compelling, as it highlights a significant copper anomaly extending over 1.6 kilometers in an east-west direction.
This drilling initiative is just the beginning, with the company identifying up to 15 untested targets across the Escacena Project for future exploration. Plans are also underway to potentially drill at other promising sites including Cortijo at Escacena North, as well as Trinidad and Carmen on the Escacena South property. The objective is to assess extensions of existing deposits such as La Romana and Cañada Honda.
About the Escacena Project
Encompassing over 13,000 hectares, the Escacena Project is now larger following the recent addition of the Escacena South area. The project’s significant mineral rights are located adjacent to operating mines, including the Riotinto mine, and former mining sites like Aznalcóllar and Los Frailes, which are currently being revamped for underground operations.
The Escacena Project boasts the following mineral resource estimates:
- - La Romana: Measured and indicated resources totaling 32.4 million tonnes at 0.37% Cu, 270 ppm Sn, and 1.7 g/t Ag, showcasing its substantial copper-tin-silver potential.
- - Cañada Honda: Inferred resources of 5 million tonnes at 0.65 g/t Au and 0.14% Cu, which underline the site’s allure for gold and copper extraction.
The resurgence of interest in copper as a critical raw material, bolstered by greater global demand for electrification and a sustainable energy transition, positions Pan Global's endeavors in a promising light.
Commitment to Responsible Mining
Pan Global Resources is dedicated to sustainable practices and respects for the environment and local communities impacted by its operations. Furthermore, they uphold the principles of the United Nations Global Compact, reinforcing their commitment to ethical business practices.
As drilling progresses, updates and results will be shared publicly. The exploration team aims to expand the copper resource base, targeting quality mineralization in one of Europe’s richest mining regions.
For more detailed information on the company's projects or updates, visit Pan Global Resources.
Topics Energy）
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