#Spain #Escacena #Cármenes #PAN Global Resources #Escacena, Cármenes

Introduction

In an exciting development for the mining sector, Pan Global Resources Inc., commonly referred to as Pan Global, has announced ambitious drilling plans for the year 2026 at its wholly-owned Escacena and Cármenes projects located in Spain. The company is set to execute a combined multi-target drilling campaign spanning an impressive 10,000 meters, focused on uncovering and expanding high-potential mineral resources in these historically rich mining regions.

Escacena Project Overview

The Escacena project is particularly promising, boasting more than 15 major drilling targets yet to be tested. The upcoming drilling program aims to significantly enhance copper resources through the discovery of new deposits. The focus will be on the North Escacena site, where preparations are underway for drilling, alongside ongoing geochemical studies and geological mapping.

Key Initiatives:

• - Target Areas: Key sites to be drilled include El Pozo and Cortijo. The program will also leverage advanced airborne electromagnetic and magnetic surveys to prioritize drilling targets.
• - Resource Expansion: Drilling will extend existing resources discovered at La Romana and Cañada Honda, aligning with Pan Global's strategic goal of establishing a resource base exceeding 100 million tonnes.

Cármenes Project Insights

The Cármenes project has been attracting attention for its rich mineral potential, particularly copper, nickel, and cobalt deposits found in historic mines that were last operational in the 1930s. The recent discovery of a high-grade gold mineralization at the Providencia site has opened new possibilities for exploration.

Program Highlights:

• - Drilling Plans: The 2026 program includes the construction of essential access roads for upcoming drilling activities beginning in spring, as well as detailed exploratory drilling to map the scale and structure of the newly discovered gold-copper-nickel-cobalt mineralization.
• - Prioritized Targeting: Additional high-priority targets identified through airborne geophysical surveys will undergo sampling and mapping in preparation for future drilling efforts.

Performance Recap of 2025

The upcoming drilling programs build on a successful operational year in 2025, during which the company conducted 8,800 meters of drilling across both Escacena and Cármenes projects. Notable achievements included:

• - Copper-Tin Mineralization: Extension of near-surface copper-tin mineralization at La Romana.
• - High-Grade Confirmation: Confirmation of substantial high-grade copper-tin mineralization at La Pantoja, alongside successful verification of multiple other targets that intersected lesser but significant copper, lead, and zinc mineralization.
• - Resource Estimates Release: Pan Global released initial mineral resource estimates for the Escacena project, surpassing expectations, and underlining the district-scale potential for further discoveries.

Looking Ahead to 2026

Tim Moody, the CEO of Pan Global, emphasized the company's strong financial position, facilitated by substantial backing from a new strategic investor, and expressed an intent to continue building value through resource discoveries in one of Europe's most established mining jurisdictions.

Conclusion

In summary, Pan Global Resources is strategically positioned to explore and expand its mineral resources across its projects in Spain. The company is dedicated to responsible mining practices, community engagement, and sustainable development. Regular updates will be provided as exploration activities progress, heralding an optimistic outlook for both the Escacena and Cármenes projects as 2026 unfolds.