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

Pan Global Enhances Exploration Activities at Escacena Project

Pan Global Resources Inc. (TSXV: PGZ; OTCQB: PGZFF; FRA: 2EU) has taken significant strides to enhance its exploration activities with the commencement of Phase 2 drilling at the Cañada Honda site, a promising copper and gold deposit within its expansive Escacena Project in the Iberian Pyrite Belt of southern Spain. As the company continues to make headway, they have expanded the project's area to 16,745 hectares, presenting a broader canvas for future exploration.

Expansion of the Escacena Project

The Escacena Project has grown considerably, now covering a vast expanse of land. This includes multiple newly identified drill targets along the Cañada Honda corridor, where promising copper and gold intersections have already been recorded. The most recent geophysical and geochemical studies have uncovered additional drilling targets that further highlight the project's potential.

Tim Moody, President and CEO of Pan Global, asserted, "Escacena continues to grow as a district-scale copper exploration project, with a significantly expanded area and more than 15 priority targets under a fully funded 20,000-meter drilling program set for the next 12 to 18 months. This program aims to systematically assess the growing inventory of targets within the project."

The urgency of the drilling operations has been heightened by the past success at Cañada Honda, where prior drilling uncovered substantial mineralization within only a fraction of the three-kilometer-long target. The new phase includes initial drill holes totaling approximately 2,500 meters, designed to explore the expansion of previously discovered copper and gold deposits and the newly identified geophysical anomalies.

Precision in Exploration

Cañada Honda is notably associated with a low resistivity anomaly that corresponds to a gravity anomaly alongside a helicopter-borne electromagnetic anomaly (HEM). These results were supported by earlier drilling campaigns that confirmed the presence of significant copper and gold throughout the area, with intersections showing continuous mineralization extending from the surface.

Recent studies utilizing SQUID IP and audiomagnetotellurics (AMT) have identified several new drill targets adjacent to the modeled gravity anomaly. The interpretation of coinciding high chargeability and low resistivity anomalies suggests favorable areas for sulfide mineralization, inviting the potential for discovering an even larger mineralized corridor beyond the current targets.

The ongoing improvements and the increase in exploration activities signify Pan Global's commitment to uncovering the full potential of the Escacena Project. The company plans to commence a helicopter-borne electromagnetic survey in July, strategically targeting areas to prioritize objectives and help identify hidden sulfide mineralization.

Ongoing and Future Developments

Pan Global is actively processing exploration permits across the Escacena South region, where historical mining sites coincide with highlighted gravity anomalies. Preliminary drilling targets at Trinidad and Carmen are set to advance pending the finalization of permits, providing an increased opportunity for new discoveries.

As the second phase drilling continues, Pan Global remains committed to achieving optimal results and maximizing exploration success. They intend to keep the market informed of updates and findings as they progress through this promising phase of exploration.

The Escacena Project, surrounded by established mining operations and historical successes in mineral extraction, promises a bright future for Pan Global as it navigates its exploration journey with precision and responsibility. The company’s focus on sustainable mining practices and respect for local communities underscores its commitment to responsible resource development.

For more detailed information on Pan Global Resources and the Escacena Project, please visit their official website.