Pan Global Resources Confirms Rich Gold Mineralization at Cañada Honda, Spain
In a thrilling development, Pan Global Resources Inc. has confirmed substantial gold mineralization at the Cañada Honda target within its Escacena Project in southern Spain. The recent sampling results show a continuous interval of 26 meters with an impressive grade of 1.14 grams per tonne (g/t) of gold. This significant finding supports the exploration potential of the mineralization that extends near the surface, indicating a promising prospect for both gold and copper mineral resources in the area.
The recent sampling was conducted in a historical mining gallery, revealing a wealth of mineralization that is particularly intriguing given that the results come right after a drilling campaign in 2024. The specific findings indicate not only the presence of gold but also associated copper mineralization within volcanogenic massive sulfide (VMS) systems, adding to the complexity and potential of the site's geological characteristics.
Exploration Highlights
The newly identified anomaly spans approximately three kilometers and has sparked excitement about its scale and potential. The results, which extend upwards of 150 meters from the closest drill hole and vertically down 450 meters, reinforce the geological significance of the Cañada Honda target. Further exploration activities are expected to include geochemical sampling and additional drilling to explore the potential extensions of this near-surface mineralization.
Tim Moody, president and CEO of Pan Global, emphasized the strategic importance of these findings. He noted that the work done in 2025 has significantly expanded the exploration portfolio of new copper and gold targets, including the promising new Escacena South area and an additional gold discovery at the Cármenes project located in northern Spain. Moreover, preparations for the phase two drilling program in Cañada Honda are underway, scheduled for 2026, which promises to be one of the most exciting exploration efforts the company has undertaken thus far.
Geological Significance
The Cañada Honda site itself is located in the Iberian Pyrite Belt, a region known for its rich mineral deposits. The confirmation of a significant gold interval close to the surface is compelling and creates a solid foundation for ongoing exploration. The site has not been fully explored to date, as current drilling predominantly occurs on the eastern side, where the mineralization is nearest to the surface.
Pan Global's Escacena Project comprises more than 10,000 hectares, and the company has recently added rights to additional mining areas to boost their mineral exploration capabilities. With ongoing developments near operational mines, the potential for resource expansion is high, especially as the company looks to redefine its drilling targets through ongoing geological mapping and structural interpretation.
Future Prospects
Moving forward, Pan Global anticipates additional surface geochemical sampling to assess the lateral extent of the gold mineralization discovered. Further geological mapping and drilling will be crucial as the company aims to identify more extensive copper and gold mineralization associated with the deeper extensions of the gravitational and electromagnetic anomalies identified. Results from current drilling programs at other projects, including Bravo and Providencia, are expected soon, adding depth to the company's exploration portfolio.
In summary, the positive sampling results from Cañada Honda mark a significant milestone for Pan Global Resources Inc. and reinforce the potential of the Escacena Project as a top-tier exploration site in the Iberian Pyrite Belt. With a skilled team committed to sustainable practices and a strong focus on environmental responsibility, the company is well-positioned for future success in the mining industry. Stakeholders can anticipate more exciting developments from the ongoing exploration activities as Pan Global continues its partnership with local communities and adheres to the highest standards of environmental stewardship.
The recent sampling was conducted in a historical mining gallery, revealing a wealth of mineralization that is particularly intriguing given that the results come right after a drilling campaign in 2024. The specific findings indicate not only the presence of gold but also associated copper mineralization within volcanogenic massive sulfide (VMS) systems, adding to the complexity and potential of the site's geological characteristics.
Exploration Highlights
The newly identified anomaly spans approximately three kilometers and has sparked excitement about its scale and potential. The results, which extend upwards of 150 meters from the closest drill hole and vertically down 450 meters, reinforce the geological significance of the Cañada Honda target. Further exploration activities are expected to include geochemical sampling and additional drilling to explore the potential extensions of this near-surface mineralization.
Tim Moody, president and CEO of Pan Global, emphasized the strategic importance of these findings. He noted that the work done in 2025 has significantly expanded the exploration portfolio of new copper and gold targets, including the promising new Escacena South area and an additional gold discovery at the Cármenes project located in northern Spain. Moreover, preparations for the phase two drilling program in Cañada Honda are underway, scheduled for 2026, which promises to be one of the most exciting exploration efforts the company has undertaken thus far.
Geological Significance
The Cañada Honda site itself is located in the Iberian Pyrite Belt, a region known for its rich mineral deposits. The confirmation of a significant gold interval close to the surface is compelling and creates a solid foundation for ongoing exploration. The site has not been fully explored to date, as current drilling predominantly occurs on the eastern side, where the mineralization is nearest to the surface.
Pan Global's Escacena Project comprises more than 10,000 hectares, and the company has recently added rights to additional mining areas to boost their mineral exploration capabilities. With ongoing developments near operational mines, the potential for resource expansion is high, especially as the company looks to redefine its drilling targets through ongoing geological mapping and structural interpretation.
Future Prospects
Moving forward, Pan Global anticipates additional surface geochemical sampling to assess the lateral extent of the gold mineralization discovered. Further geological mapping and drilling will be crucial as the company aims to identify more extensive copper and gold mineralization associated with the deeper extensions of the gravitational and electromagnetic anomalies identified. Results from current drilling programs at other projects, including Bravo and Providencia, are expected soon, adding depth to the company's exploration portfolio.
In summary, the positive sampling results from Cañada Honda mark a significant milestone for Pan Global Resources Inc. and reinforce the potential of the Escacena Project as a top-tier exploration site in the Iberian Pyrite Belt. With a skilled team committed to sustainable practices and a strong focus on environmental responsibility, the company is well-positioned for future success in the mining industry. Stakeholders can anticipate more exciting developments from the ongoing exploration activities as Pan Global continues its partnership with local communities and adheres to the highest standards of environmental stewardship.
Topics Energy）
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