#Spain #Pan Global #Escacena Project #Southern Spain #Canada Honda

Significant Gold Discovery at Cañada Honda

Pan Global Resources Inc. is making headlines with its latest findings at the Cañada Honda target within the Escacena Project located in southern Spain. Recently, continuous twin saw-cut channel sampling has revealed impressive results, including a gold grade of 1.14 grams per tonne (g/t) over a length of 26 meters. This discovery underscores the potential for a significant near-surface gold deposit, confirming expectations that have been building since the inception of the project.

Exploration Highlights

The latest 1.14 g/t gold result was obtained from channel samples collected within a historical mine tunnel, a site that has previously shown promise during initial exploratory drilling campaigns. Specifically, these channel samples demonstrate high-grade intervals, including portions yielding grades of up to 2.52 g/t Au over 6 meters and a noteworthy 11.30 g/t over 1 meter. Such results bolster Pan Global's confidence in the Cañada Honda target, confirming significant mineralization from the surface and suggesting that much more lies beneath.

According to Tim Moody, the President and CEO of Pan Global Resources, these ongoing findings are significant as they extend 150 meters up-dip from the nearest drill hole. The results are part of a broader exploration strategy aimed at a Phase 2 drilling program slated for 2026, following a successful maiden 16-hole drill program completed in 2024.

The Potential of Escacena

The Escacena Project is a promising area within the renowned Iberian Pyrite Belt, which has a rich history of mining. The project area has expanded from 5,760 hectares to more than 10,000 hectares thanks to new mineral rights awarded in September 2025. Additionally, ongoing exploration efforts have been complemented by the discovery of new copper-gold targets, significantly enhancing the project's overall prospects.

The geological setup at Cañada Honda includes a coincident gravity anomaly and a helicopter-borne electromagnetic (EM) resistivity-low anomaly suggesting an extensive mineral system that may not yet be fully explored. So far, only a small segment of the geophysical target has been tested, primarily at the eastern end where mineralization alerts are nearest to the surface. This leaves a broad opportunity for further exploration and discovery in the region.

Next Steps in Exploration

Looking ahead, Pan Global Resources is preparing for more surface geochemical sampling to better understand the lateral extent of the near-surface gold mineralization. This will be coupled with geological mapping and structural interpretation aimed at refining drill targets further. Moreover, step-out drilling is also planned to explore additional VMS-style copper-gold mineralization located deeper and associated with the gravity and electromagnetic anomalies observed so far.

Pan Global’s aggressive exploration strategy is also set against the backdrop of global dynamics for copper and gold. As markets become increasingly hungry for these essential minerals, particularly with a focus on clean energy and technology transition, the timing for exploration endeavors could not be more advantageous.

Conclusion

In conclusion, the significant gold mineralization reported by Pan Global Resources at its Cañada Honda target signals an exciting period ahead for not just the company, but for mining activity in the Iberian region as a whole. As the exploration progresses, the results are expected to illuminate a clearer picture of the area's mineral potential, solidifying its status in the global mining landscape. With the groundwork laid and exciting discoveries emerging, all eyes will be on the ensuing phases of exploration in this vibrant project.