#Spain #Pan Global #Escacena Project #Andalucía #Mineral Rights

Major Expansion of the Escacena Project

Pan Global Resources Inc. has made headlines with the recent announcement of substantial expansion in its Escacena Project located in southern Spain. Following a successful bidding process, the company has secured mineral rights to three contiguous blocks adjacent to its present holdings, increasing the area by 74% to over 10,000 hectares. This development not only enhances Pan Global's exploration potential but also positions the company strategically among significant mining operations in the region.

New Prospects in the Iberian Pyrite Belt

The acquisition of these mineral rights places Pan Global within a highly promising geological area known for its polymetallic volcanogenic massive sulphide (VMS) deposits. Major operators in the vicinity include First Quantum, Grupo México, Sandfire, and Atalaya, indicating the region's rich mining heritage and future potential.

Tim Moody, the company's President and CEO, expressed optimism regarding the new opportunities brought forth by this expansion. He stated, “The award of the new mineral rights provides Pan Global access to one of the most promising areas for discovery of large VMS deposits.” This underscores the tremendous expectations surrounding these newly acquired lands.

Unexplored Territory

The newly acquired blocks—Flores (1,879.8 hectares), Rosario (636.7 hectares), and Girasoles (1,728.5 hectares)—represent largely unexplored territories with several geophysical targets that have never been tested. Historically, minimal exploration has been done in this area; Exxon conducted preliminary assessments in the early 1980s, while Rio Tinto followed suit in the 1990s. Today, newly processed geological data reveals numerous anomalies that could potentially lead to significant discoveries in copper, tin, and gold deposits adjacent to known discoveries at La Romana and Cañada Honda.

Drilling Progress

Pan Global is currently advancing its drilling operations at several targets within the Escacena Project. Drilling rigs are operational at La Romana and Bravo, with efforts focused on expanding the La Romana copper-tin-silver deposit. Additionally, work on a maiden Mineral Resource Estimate for La Romana is on track for completion by the end of 2025.

The company has faced challenges with the initial drillholes at Bravo not correlating with identified gravity targets. Nevertheless, reanalysis of geological data has led to a renewed exploration model, prompting plans for three new drillholes to test revised anomalies effectively.

Strategic Growth Amidst Thriving Industry

Beyond Escacena, Pan Global is also engaged in drilling activities at the Providencia gold and copper-nickel-cobalt target in the neighboring Cármenes Project. This dual focus reflects the company's strategy to maximize exploration across highly prospective terrains in Spain, an important area for mining due to its historical richness and infrastructure support.

The Escacena Project's continuous development aligns with global demand for copper and other critical minerals, especially with the ongoing transition toward greener energy solutions. As the European Commission emphasizes copper as a Strategic Raw Material, Pan Global's activities stand to benefit significantly from favorable permitting processes and an overall supportive mining environment in southern Spain.

Conclusion

Pan Global Resources Inc. is embarking on an exciting phase of growth and discovery with its expanded Escacena Project. As the company mobilizes efforts to explore untested geological targets, the potential for significant mineral discoveries appears promising. Investors and the mining community alike will be keenly watching how Pan Global navigates this crucial period of exploration and development in one of Europe’s richest mining districts.