#Spain #Vancouver #Pan Global #Escacena #Cármenes

Overview of Pan Global Resources

Pan Global Resources Inc. is making significant strides in its exploration efforts, particularly focusing on its flagship projects located in Spain: Escacena and Cármenes. Led by President and CEO Tim Moody, the company is actively engaged in drilling programs that target high-priority mineralization zones including copper, tin, silver, and gold. This article will delve into the specifics of Pan Global's drilling initiatives, the geological context of their projects, and the potential implications for resource development.

Escacena Project Updates

At the Escacena project, a comprehensive drill program is underway, amounting to 7,000 meters in total. As part of this program, the company has already completed 20 drill holes aimed at exploring several prospective targets. Among these, the La Romana site has shown considerable promise, with plans for eight additional step-out drill holes to test the extensions of high-grade mineralization. Recent drilling has extended mineralization over 1.7 kilometers and remains open in various areas, making it an exciting development for the company.

The Bravo target has also been under investigation, with five drill holes recently completed and three more planned. Initial drilling results indicate a promising alteration and sulfidation of mineralization, encouraging further exploration. Current drilling focuses on three parallel induced polarization (IP) lines that expose a robust IP anomaly. This is complemented by testing additional targets, such as Hornitos and Plomillos, with corresponding lead-zinc soil anomalies and significant electromagnetic and magnetic geophysical anomalies.

Cármenes Project Insights

In northern Spain, the Cármenes project is also gaining traction as three of the six planned drill holes have been completed at the Providencia target. The results reveal broad breccia sections exceeding 100 meters in width and surface gold mineralization across all drill holes. Noteworthy findings include:

• - Drill hole PVD02: 1.08 g/t gold over 46 meters, with a peak of 6.27 g/t over 4 meters.
• - Drill hole PVD03: 0.37 g/t gold over 56 meters, including significant intercepts of 2.19 g/t over 4 meters.
• - Drill hole PVD04: 0.23 g/t gold over 110 meters, showcasing additional mineralization with copper, cobalt, and nickel elements.

This strong mineralization is a promising indicator of potential further discoveries within the historically rich mining areas that have previously produced copper and cobalt concentrates.

The Broader Geological Context

Both Escacena and Cármenes projects are strategically located within the Iberian Pyrite Belt, an area renowned for its high mineral potential. Escacena, covering 5,760 hectares, is situated close to active mining operations, enhancing its logistical advantages and infrastructure support. Cármenes, on the other hand, spans 5,653 hectares and has a history of mining that dates back to the 1930s—this further solidifies its potential due to existing mining knowledge and infrastructure.

Environmental and Community Commitment

Pan Global Resources prides itself on conducting responsible mining practices with minimal environmental impact. The company has committed to adhering to stringent environmental standards and maintaining strong relationships with local communities. As it advances its drilling initiatives, Pan Global continues to work in accordance with the UN's Global Compact principles, ensuring that its exploration efforts also contribute to economic and social welfare in the regions it operates.

Future Prospects

As Pan Global progresses with its drill programs, all eyes are on the results that will emerge in the coming months. The company’s plans to produce its first mineral resource estimation for the La Romana site are set for late 2025, and the forthcoming results from current drilling at both Escacena and Cármenes could significantly boost the company's presence within the mining sector.

For investors and stakeholders keen on the future of copper, gold, and other strategic minerals, Pan Global Resources represents an exciting opportunity for growth and diversification in the resource exploration landscape. Keep an eye out for updates as the year unfolds and further results are anticipated from these promising projects.