#Spain #Pan Global #Andalusia #Escacena Project

Significant Milestone for Pan Global Resources

Pan Global Resources Inc. is making waves in the mining industry with the announcement of its initial Mineral Resource Estimates (MRE) for the Escacena Project, located in the highly prospective Iberian Pyrite Belt in southern Spain. The news comes after years of dedicated exploration, leading to the discovery of the La Romana and Cañada Honda deposits.

Details of the Resource Estimates

The La Romana deposit is estimated to contain a measured and indicated mineral resource of 32.4 million tonnes with 119.5 thousand tonnes of copper (Cu), 8.8 thousand tonnes of tin (Sn), and 1.7 million ounces of silver (Ag). The average grades of the metals are approximately 0.37% Cu, 270 ppm Sn, and 1.7 g/t Ag, equating to 0.44% copper equivalent. Additionally, there are inferred resources of 4.0 million tonnes containing 15.8 thousand tonnes of copper, 0.3 thousand tonnes of tin, and 0.2 million ounces of silver.

The Cañada Honda deposit presents an inferred mineral resource of 5.0 million tonnes, hosting 104,000 ounces of gold (Au), alongside significant quantities of copper and silver. The potential for additional resource identification in this area is evident, with ongoing exploration efforts to map further deposits.

Broader Implications of Discoveries

The significance of this announcement cannot be overstated. According to Tim Moody, President and CEO of Pan Global, the high proportion of measured resources at La Romana indicates a strong continuity in the mineral system, which bodes well for future production capabilities. Moreover, the introduction of a second distinct mineralized system at Cañada Honda promises to diversify the company's resource base further.

Future Plans

Pan Global aims to provide further insights through an investor webinar and Q&A session, discussing these new resource estimates in detail. This initiative reflects the company's commitment to transparency and stakeholder engagement regarding its ongoing projects.

Economic Potential

While these estimated mineral resources signify a positive step, it is noteworthy that they do not yet affirm demonstrated economic viability. The company is actively working toward enhancing its resource base, with the ongoing exploration focusing on expanding the identified resources and supporting future technical evaluations.

Conclusion

In conclusion, Pan Global Resources' latest mineral resource estimates for the Escacena Project represent a critical advancement towards establishing a sustainable mining operation in Spain. With its strategic positioning in the Iberian Pyrite Belt and a well-established mining jurisdiction, the company is on a promising pathway, particularly in light of the increasing demand for copper in global electrification efforts. Pan Global's proactive approach clearly sets the stage for further success in the mining sector, potentially benefiting local economies and investors alike.