Pan Global Resources Expands its Drill Programs in Spain's Escacena and Cármenes Projects

Pan Global Resources Inc. has recently made headlines with its ongoing drill programs at two significant sites in Spain: the Escacena Project located in the southern region and the Cármenes Project in the north. These ambitious initiatives aim to explore various high-priority mineral targets with promising potential for substantial mineral discoveries.

Escacena Project: A Focus on High-Priority Targets

The Escacena Project, which is wholly owned by Pan Global, spans a vast area of 5,760 hectares in the Iberian Pyrite Belt. This region is rich in mining history and is strategically located near operational mines. The current drill program, which comprises 7,000 meters, has already seen 20 drill holes completed, focusing on a suite of targets that includes the promising La Romana deposit. The La Romana deposit itself is expected to yield its maiden Mineral Resource Estimate (MRE) by the year's end.

According to Tim Moody, the President and CEO of Pan Global, the drill programs at both projects are experiencing strong momentum, indicating the possibility of discovering significant mineralization. Recent drilling results at La Romana have extended the surface strike length of mineralization to an impressive 1.7 kilometers, showcasing the potential for further exploration.

Currently, additional drill holes are planned to further investigate extensions of high-grade mineralization at La Romana. In parallel, drilling at the Bravo target has yielded encouraging alterations and signs of sulphide mineralization, contributing to the overall excitement surrounding the potential findings.

Cármenes Project: Uncovering Rich Resources

Moving to the Cármenes Project, which covers an area of 5,653 hectares and lies approximately 55 kilometers north of León, Pan Global is targeting the Providencia area as part of its drill programs. So far, three of the six planned drill holes have been completed, and the results have unveiled significant mineralization, including notable gold intercepts from near-surface readings across all drilling locations. Highlights from these findings include a notable 1.08 g/t of gold over a width of 46 meters in one of the drill holes.

The drilling activities are currently focused on an area that has previously shown promising breccia with identified gold presence. The site outside the historical Providencia mine workings is being examined for further geological insights. Additional exploration efforts are planned, including detailed mapping and sampling at the Profunda target position south of Providencia.

Overall, the Cármenes Project demonstrates an extensive potential for discovering rich deposits of copper, nickel, cobalt, and gold, reflecting its promising geological setting. New targets identified through recent airborne surveys will further assist the exploration team in refining their strategies in this highly prospective region.

Commitment to Safe and Sustainable Mining

Pan Global's commitment to responsible mining practices is an essential aspect of their operations. With a robust team of experts dedicated to exploration and development, the company aims to carry out its activities while upholding environmental responsibility and community engagement.

The Spanish government's supportive stance on mining activities, coupled with the area's existing infrastructure and favorable permitting processes, establishes a conducive environment for Pan Global's ambitions on both projects.

As Pan Global Resources continues to progress its drilling activities at the Escacena and Cármenes projects, industry stakeholders and curious investors eagerly await further updates that may confirm its discoveries in these mineral-rich regions of Spain.