#Spain #Pan Global #Andalusia #Escacena Project #Southern Spain

Pan Global Resources Enhances Exploration Landscape in Spain

Pan Global Resources Inc. has recently made headlines by securing a substantial block of mineral rights adjoining its Escacena project, located in the Iberian Pyrite Belt in Southern Spain. This latest development expands the area of the Escacena project by an impressive 74%, increasing the total area controlled by the company to over 10,000 hectares. The acquisition comes as a result of a competitive bid process, making Pan Global the proud holder of three contiguous mineral blocks.

Strategic Importance of the Expansion

The newly acquired mineral rights are particularly valuable due to them being largely unexplored and holding multiple geophysical targets that present promising opportunities for volcanogenic massive sulfide (VMS) copper mineralization. Tim Moody, CEO of Pan Global, emphasized the significance of this acquisition, stating, “The award of new mineral rights allows us to access one of the most promising areas for discovering significant VMS deposits and one of the last areas still largely unexplored in the Iberian Pyrite Belt.” This expansion is not only vital for Pan Global's current mining interests but also strengthens the potential for discovering new copper and gold deposits close to existing finds such as La Romana and Cañada Honda.

Initial Exploration Efforts

In terms of immediate action, exploration on the new mineral rights will commence soon, focusing on significant gravity anomaly targets already identified within the expanded area. This effort will include preliminary exploration of mineralization targets, which show similarities to historical finds in the region. Notably, the area has seen minimal exploration in the past, with Exxon conducting initial investigations in the 1980s and Rio Tinto following in the 1990s. Recent gravity anomaly data reprocessed indicates several anomalies that are similar in size and scope to those related to the earlier discoveries in La Romana and other local sites.

Upcoming Resource Estimates and Drilling Programs

Additionally, Pan Global is currently progressing with mineral resource estimations for the La Romana site, with expectations to present findings by the end of 2025. Meanwhile, ongoing drilling operations are targeting areas like Bravo and Providencia to further assess their mineralization prospects. This strategic drilling aims to expand the known mineral resources while also tackling the previously undetermined gravity targets, providing a clearer picture of the area's potential.

The recent expansion further complements the company's strategy to target an ambitious cumulative goal of 100 million tons of economically recoverable mineral resources, underscoring the company's proactive approach amid the favorable mining conditions and infrastructure prevalent in the region.

Conclusion

Pan Global Resources is actively positioning itself at the forefront of mineral exploration within Spain's wealthy mining landscapes. The company's commitment to safety, environmental standards, and community engagement reflects its broader responsibility as a mining entity. As exploration and drilling operations continue in the Escacena project, Pan Global looks forward to making significant discoveries that could underline its role in Europe's essential metals supply, particularly copper, which is vital for global electrification and energy transition efforts.

As we advance, further updates regarding exploration progress and resource estimations will be keenly anticipated by both investors and the mining community at large. The recent expansion of rights near the Escacena project is indeed a strategic move that positions Pan Global favorably within one of the richest regions for VMS deposits known today.