#Spain #Pan Global #Escacena Project #Andalucía #VMS deposits

Pan Global Expands Escacena Project with New Mineral Rights

Pan Global Resources Inc. has announced an exciting development for its Escacena Project, located in the Iberian Pyrite Belt of southern Spain. The company has successfully acquired three contiguous mineral rights blocks, greatly enlarging the project's area by 74% to over 10,000 hectares. This expansion is a strategic move aimed at increasing the potential for polymetallic volcanogenic massive sulphide (VMS) deposits, particularly rich in copper, tin, and gold.

Overview of the New Mineral Rights

The new mineral rights were awarded following a competitive public tender, and they lie close to prominent operators in the region, including First Quantum, Grupo México, Sandfire, and Atalaya. This region is noted for its geological richness and potential for significant mineral discoveries. The awarded areas, titled Flores, Rosario, and Girasoles, cover a total of 4,245 hectares. They have remained largely unexplored, with minimal preliminary investigations conducted by Exxon in the early 1980s and Rio Tinto in the 1990s.

The area boasts numerous untested geophysical targets that show strong indications of VMS-style copper mineralization. Pan Global claims that the identified gravity anomaly targets within these blocks present a promising opportunity for exploration. Tim Moody, President and CEO of Pan Global, expressed optimism, stating that securing these new mineral rights represents one of the last major opportunities for discovery in a largely untouched region of the Iberian Pyrite Belt.

Implications for Future Exploration

The new mineral rights are particularly valuable as they contain strong gravity anomaly targets indicative of substantial mineral potential. The company is already planning initial exploration activities focused on these anomalies. The historical data obtained from Exxon’s 1980s survey has been instrumental in recognizing these strong targets and will guide Pan Global in its exploration efforts.

Currently, drilling operations are ongoing at the La Romana and Bravo targets within the Escacena Project, aiming to expand the known copper-tin-silver deposits. Additionally, drilling is being carried out at the Providencia Gold Target in the nearby Cármenes Project in northern Spain. The company is also on track to present its first mineral resource estimate for La Romana by year-end 2025.

A Bright Future for Pan Global

The Escacena Project holds significant potential, given its strategic location adjacent to past and present mining operations. The acquisition of these new mineral rights significantly boosts Pan Global’s prospects of achieving its goal of a cumulative 100 million tonnes of economically viable mineral resources.

The government of Andalucia recently confirmed the award of the new rights on September 29, 2025. The high demand for copper and gold, driven by their essential roles in global electrification and energy transition, positions Pan Global to benefit from future exploration success.

In summary, Pan Global's expansion of the Escacena Project with these new mineral rights marks a pivotal milestone in its exploration strategy. The company is committed to sustainable operations while delivering long-term value to its stakeholders, leveraging its strong team and favorable mining conditions in the region. This new chapter not only enhances the company’s mineral portfolio but also reaffirms its position as a growing player in the mining industry in Spain.

For more information about Pan Global Resources and its various projects, visit the company’s official website.