Pan Global Expands La Romana Deposit with New Drilling Results in Spain

Expansion of La Romana Deposit

Pan Global Resources Inc., a prominent player in mineral exploration, has announced significant developments at its La Romana deposit, part of the Escacena project located in the Iberian Pyrite Belt of southern Spain. The company recently released promising results from six exploratory drill holes, highlighting the continuous mineralization of copper, tin, and silver. These results are crucial as they come ahead of an imminent first estimation of the mineral resources expected for the Escacena project.

Promising Drill Results

The most notable findings from the recent drilling include intervals exceeding 6 meters with a remarkable 1.26% copper, 0.01% tin, and 2.3 g/t silver. Additionally, more than 5 meters showed 1.01% copper, 0.16% tin, and 4.5 g/t silver. These outcomes continue to build on Pan Global's previous drilling efforts at La Romana, where 192 drill holes have collectively reached depths of 38,734 meters.

Tim Moody, the company’s President and CEO, remarked on the extensive continuity of mineralization across a notable 1.7 km stretch and indicated that the high-grade copper and tin mineralization extends to greater depths, affirming that the structure remains open to both the north and the northwest.

Insights into Mineralization Trends

Electromagnetic studies conducted in the area have indicated a northwest trend of high-grade copper concentration that stretches an additional 125 meters. These findings suggest a more extensive mineral reservoir than previously anticipated. The drilling program for 2026 aims to further explore and expand this mineralization, potentially leading to a viable open-pit mining design.

The Escacena Project's Importance

The Escacena Project is strategically located near operational mines, including Riotinto, and adjacent to historical mines like Aznalcóllar and Los Frailes. This advantageous positioning, coupled with favorable geological conditions, puts the project in a prime location for successful mineral exploration and extraction. Moreover, Pan Global has recently expanded its land package from 5,760 to over 10,000 hectares, with additional applications for research permits under review to encompass more than 13,900 hectares.

Future Prospects

As the company presses on with the first mineral resource estimate and prepares for forthcoming drilling campaigns, the outlook for the La Romana deposit is exceptionally positive. Investors and stakeholders remain keen on the continued development and exploration efforts, especially in light of the burgeoning copper market and its significance in global electrification initiatives.

In conclusion, Pan Global Resources is on the cusp of a significant breakthrough in its exploration endeavors at the Escacena Project, particularly at La Romana. The company's methodical approach to drilling and resource assessment could yield substantial returns, providing a solid foundation for future mining operations.