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Pan Global Announces Initial Mineral Resource Estimates for Escacena Project

Introduction
Pan Global Resources Inc. recently made headlines by announcing the initial mineral resource estimates for its Escacena project located in the Iberian Pyrite Belt of southern Spain. This announcement is a critical milestone for the company as these estimates lay the groundwork for further technical and economic studies. The Escacena project is positioned in a historically rich mining area, making it a subject of interest for investors and stakeholders alike.

Highlights of the Announcement
The announcement highlighted two key deposits: La Romana, primarily containing copper (Cu), tin (Sn), and silver (Ag) and Cañada Honda, which is rich in gold (Au), copper (Cu), and silver (Ag).
- La Romana Resources:
- Measured and Indicated Resources: 32.4 million tonnes containing 119.5 kt of Cu, 8.8 kt of Sn, and 1.7 million ounces (Moz) of Ag. These resources exhibit average grades of 0.37% Cu, 270 ppm Sn, and 1.7 g/t Ag. The equivalent copper grade (CuEq) stands at 0.44%.
- Inferred Resources: 4.0 million tonnes, with contents of 15.8 kt Cu, 0.3 kt Sn, and 0.2 Moz Ag, averaging 0.40% Cu and 1.4 g/t Ag.

- Cañada Honda Resources:
- Inferred Resources: 5.0 million tonnes representing 104 koz Au, 6.8 kt Cu, and 0.2 Moz of Ag, showcasing an average grade of 0.65 g/t Au, 0.14% Cu, and 1.2 g/t Ag. The gold equivalent grade is 0.74 g/t AuEq.

Both deposits exhibit open potential along the fault lines and at depth, indicating continuing exploration efforts aimed at expanding the resource base and preparing for future technical evaluations.

Implications for the Company
The initial estimates point to a significant opportunity for Pan Global as they confirm the continuity of the mineral system at La Romana, which is crucial for future mining endeavors. Tim Moody, the CEO of Pan Global Resources, remarked, “Years of rigorous exploration at Escacena have resulted in multiple discoveries, including the La Romana and Cañada Honda deposits. The strong proportion of measured resources at La Romana bolsters our understanding of the project’s viability.”

Advanced Metallurgical Tests
In addition, advanced metallurgical tests at La Romana have validated the metallurgical characteristics of the mineralization, indicating the potential to produce high-grade copper concentrates with minimal impurities. This is particularly promising given the escalating demand for copper as the world transitions towards greener technologies.

Forward-Looking Statements
It’s worth noting that the mineral resources reported do not demonstrate economic viability. Inferred resources carry a higher degree of uncertainty regarding their existence and legal/economic feasibility. Future statements made by Pan Global regarding the resource estimates will be accompanied by a planned investor webinar and live Q&A to provide clarity and engage the public effectively.

Conclusion
The Escacena project, comprised of over 13,900 hectares of mineral rights, is strategically situated near operating mines, ensuring access to excellent infrastructure and professional expertise in the mining sector. Given Spain’s supportive stance on mining and the EU's recognition of copper as a strategic commodity, Pan Global has set itself up for future success. The announcement serves not only as a crucial milestone for Pan Global but also highlights the growing importance of responsible mining practices that respect environmental and community considerations.

With such promising estimates and ongoing explorations, Pan Global Resources Inc. appears to be on a solid path towards enhancing its position in the mineral exploration market.