Pan Global Drives Forward Escacena and Cármenes Projects in Spain Successfully in 2024

Pan Global Resources Inc. has successfully made strides in its mining initiatives in Spain during 2024, particularly focusing on the Escacena and Cármenes projects. These developments pave the way for further explorations and potential mineral discoveries that could substantially contribute to the company’s growth in this critical sector.

Rapid Developments in Escacena Project

The Escacena project has seen exciting advancements, particularly with the La Romana and Cañada Honda discoveries. Recent drilling activities have expanded the copper-tin-gold mineralization at La Romana by over 300 meters, significantly increasing the deposit's near-surface extent to 1.5 kilometers. The project team, led by experienced professionals, emphasizes strong operational achievements amid ongoing drilling operations.

Tim Moody, President and CEO of Pan Global, shared that the completion of metallurgical testing has yielded excellent results, demonstrating high recoveries of copper, which reached up to 88%, alongside commendable tin recovery rates. With over 15 geophysical and geochemical anomalies marked for future drilling, the prospective possibilities are promising as the project progresses into 2025.

In addition to the La Romana developments, the Bravo target, located just 1 km east of La Romana, has also seen exploration activities ramp up, confirming the area as a prime candidate for further inspections and potential finds.

Insights on Cármenes Project

Moving northward, the Cármenes project, covering a vast area of 5,653 hectares, exhibits rich historical mining significance with its past operations focused on copper, cobalt, and nickel. Initial exploration efforts have commenced, revealing the potential for substantial deposits linked to breccia pipe mineralization. Given its historical backdrop and geological findings, Cármenes is anticipated to yield promising results as investigations continue.

As part of its strategy to bolster its mining endeavors, Pan Global secured a private placement worth 7.2 million Canadian dollars from existing investors and new strategic partners. The company aims to utilize these funds to support upcoming exploration programs and to further solidify its position in the mining landscape of Spain.

Looking to the Future

The outlook for Pan Global appears optimistic, with a strategic focus on establishing a robust resource base at the Escacena project. The aim is to define approximately 100 million tons of copper resources through a series of connectable deposits, similar to existing mining operations in the Iberian Pyrite Belt. This ambitious endeavor demonstrates the company’s commitment to contributing to the critical copper supply chain needed for global electrification and energy transition.

Furthermore, Pan Global emphasizes its adherence to high standards of safety and environmental respect in its operations, aligning with the principles laid out by the United Nations Global Compact. As exploration continues, stakeholders and investors eagerly anticipate the upcoming announcements regarding the 2025 exploration campaign, which promises to bring fresh insights into the potential of these projects.

In summary, Pan Global's efforts in Spain—anchored by solid results and a strategic approach—underscore the significance of the Escacena and Cármenes projects in the broader context of the mining industry, particularly as global demand for critical metals continues to rise.