#Spain #Pan Global #Escacena Project #Southern Spain #mineral resources

Progress Update on Pan Global's Drilling Program at Escacena

Pan Global Resources Inc., known for its strategic focus on copper-rich deposits, is making significant strides in its exploration endeavors at the Escacena Project, located in southern Spain. Recent developments indicate an ambitious program aiming to enhance the understanding of mineral resources in this promising region.

Key Developments

As of recent reports, Pan Global has successfully completed multiple drillholes as part of its 2025 multi-target drill program. Specifically, six drillholes have been executed, targeting new areas and expanding known findings at the La Romana site. This project aims to finalize the maiden mineral resource estimate by drilling additional holes that extend westward from La Romana's near-surface mineralization.

To ensure robust planning, a crucial Induced Polarization (IP) survey was undertaken at the high-priority Bravo target, although weather conditions posed some interruptions. The integration of results from this survey with existing data, including electromagnetic and gravity readings, is ongoing to pinpoint precise drillhole locations. Notably, drilling at the Bravo target is anticipated to commence within the next two weeks.

Comprehensive Exploration Plan

For the year 2025, Pan Global's exploration strategy encompasses up to 30 drillholes and 7,000 meters of drilling, aimed at delineating existing mineral zones while exploring at least five new targets within the Escacena Project. Additionally, two new targets at the adjacent Cármenes Project in northern Spain are set to undergo testing, further bolstering the Company's efforts to uncover additional mineralization.

Geographical Context and Potential

The Escacena Project is characterized by its sizeable 5,760-hectare land package, which grants Pan Global sole control in a region known for its rich mineral heritage, particularly in the Iberian Pyrite Belt. The project borders the operational mine at Riotinto and is adjacent to historical mining sites at Aznalcóllar and Los Frailes, further substantiating its geological significance.

Pan Global has ambitious long-term objectives, intending to delineate around 100 million tonnes of copper resources from an assemblage of deposits in the area, drawing parallels with successful mining operations within the Iberian Pyrite Belt. Among the notable finds within the project are La Romana's copper-tin-silver and Cañada Honda's copper-gold discoveries.

Commitment to Sustainable Practices

In a world increasingly focused on environmental considerations, Pan Global Resources acknowledges the critical demand for copper as a foundational metal driving the global energy transition and electrification efforts. The Company stands committed to environmentally responsible practices, striving to operate with respect for local communities and the surrounding ecosystems. Moreover, Pan Global operates under the principles of the United Nations Global Compact, ensuring its projects align with sustainable development goals.

Conclusion

The advancements at the Escacena Project represent a pivotal moment for Pan Global Resources as it intensifies its drilling efforts and expands its exploration initiatives. With ongoing drilling set to provide exciting new insights, the Company is well-positioned to unveil the geological potential of this promising site, contributing significantly to the copper supply chain and sustainable mining practices.