#Spain #Vancouver #Pan Global #Escacena #Cármenes

Overview of Recent Progress

Pan Global Resources Inc. has recently reported significant advancements in its flagship projects, Escacena and Cármenes, located in Spain. The company’s exploration efforts in 2024 have yielded promising results, leading to increased mineralization levels especially for copper-tin-gold deposits. With a dedicated exploration team on the ground, Pan Global’s operations have not only met but exceeded expectations for this year, positioning the projects for further growth.

Escacena Project Highlights

The Escacena Project has proven to be a hotspot for mineral discovery, with notable findings at the La Romana and Cañada Honda sites. Recent exploration has identified expanded copper-tin-gold mineralization, which has encouraged the company to enhance its drilling strategies. The La Romana target has seen the near-surface mineralization extended by 300 meters, increasing its total length to an impressive 1.5 kilometers. This result underscores the potential for further expansion, which the company believes could lead to the discovery of multiple additional copper deposits within the region.

Moreover, surface exploration at the high-priority Bravo target has revealed over 15 geophysical and geochemical anomalies, indicating a rich vein of minerals waiting to be extracted. The completion of advanced metallurgical tests has additionally provided encouraging results — with copper recoveries reaching up to 88% and tin grades showing high potential as well.

As operations ramp up again at Escacena, five new drill targets, identified for their high prospects, are set to be tested in an impending drilling campaign. Pan Global President and CEO, Tim Moody, remains optimistic about the potential discoveries, emphasizing the likelihood of more deposits based on current indications seen in the Iberian Pyrite Belt.

Cármenes Project Exploration

Moving to the Cármenes Project, which lies in northern Spain approximately 55 kilometers from León, new exploratory activities are planned for the copper-nickel-cobalt-gold mineralization hosted within unique breccia structures. This site includes remnants of historical mining activities that indicate the promise of high-grade deposits within the area. Initial data suggests strong potential for significant new discoveries, and drilling operations are anticipated to kick off in the near future.

Financial Backing and Future Plans

To support these ambitious projects, Pan Global successfully completed a C$7.2 million non-brokered private placement financing in late 2024. The financing highlighted strong support from existing investors as well as the entry of new major stakeholders, which reinforces the confidence in Pan Global’s growth trajectory.

As the company prepares for a busy 2025, details regarding its exploration program for both the Escacena and Cármenes projects will be released shortly. The excitement brewing around these initiatives underscores Pan Global’s commitment to unlocking the mineral wealth of Spain while adhering to sustainable practices that respect both the environment and local communities.

Conclusion

With an impressive array of developments, Pan Global Resources is on a clear trajectory toward expansion and success in the mining sector. The company’s unwavering focus on exploration in the Escacena and Cármenes projects stands to not only benefit its stakeholders but could also play a pivotal role in meeting the increasing global demand for copper and other essential minerals amid rising electrification and energy transition efforts.