#Spain #Pan Global #Andalusia #Escacena Project #copper mining

Escacena Project Update

Pan Global Resources Inc., a notable player in the mining sector, has made significant strides in its exploration activities at the Escacena Project located in southern Spain. This initiative is particularly exciting as it focuses on diverse mineral deposits, including copper, tin, gold, and silver, highlighting the region's rich geological potential.

As of February 2025, the company announced the completion of a substantial portion of its drill program for 2025, which encompasses a comprehensive multi-target strategy. This approach includes the successful completion of three step-out drill holes aimed at the western extension of the La Romana near-surface mineralization, an important consideration for the upcoming maiden mineral resource estimate. In addition, three other targets have been tested, and the company continues to employ two drill rigs at the Project to maximize efficiency.

Tim Moody, President and CEO of Pan Global, expressed optimism about the ongoing program, noting that assay results from these strategic drilling efforts are expected shortly, within approximately three weeks. Furthermore, the much-anticipated Induced Polarization (IP) survey at the Bravo target has also been finalized, despite some weather-related delays. The results from this survey will be integrated with other geological data to determine optimal drilling locations, with plans to kick off drilling at the Bravo target within the next two weeks.

For the 2025 drill program, Pan Global aims to execute up to 30 drill holes, totaling around 7,000 meters. This ambitious plan is designed to further define the extent of the La Romana copper-tin-silver mineralization, explore at least five new targets within the Escacena area, and identify two additional targets at the Cármenes Project in northern Spain. Completing the current drill program by mid-year is a primary goal for the company, which is also advancing and prioritizing additional prospects for future exploration.

About the Escacena Project

The Escacena Project boasts a substantial land package of 5,760 hectares, completely owned by Pan Global, and is located in the east of the Iberian Pyrite Belt. Its proximity to the operational mine at Riotinto and adjacent historical sites such as Aznalcóllar and Los Frailes marks it as a strategic focal point for mineral exploration. The Escacena site not only contains the promising La Romana and Cañada Honda mineral discoveries but also a range of other potential targets—including Bravo, Barbacena, and La Pantoja.

Pan Global’s long-term ambition for the Escacena Project is to delineate an impressive 100 million tonnes of copper resources, aligning with global trends favoring sustainable mining practices and regulatory support from the European Commission for copper as a strategic raw material.

Commitment to Sustainable Mining

Pan Global Resources is dedicated to minimizing its environmental impact while maximizing operational efficiency. The company operates under the principles of the United Nations Global Compact, focusing on corporate social responsibility and community partnership. Their skilled team, comprising experts in exploration and mining operations, is committed to fostering safe and environmentally-responsible mining practices.

With the global economy increasingly relying on electrification and energy transition strategies, copper remains a vital component, and the actions of Pan Global Resources at the Escacena Project are poised to contribute significantly to market demands in the coming years.