#Spain #Pan Global #Southern Spain #Escacena South #VMS Target

Pan Global Resources Identifies a New High-Priority VMS Target at Escacena South

Pan Global Resources Inc. has recently announced the discovery of a significant new target for volcanogenic massive sulphides (VMS) within its newly awarded Escacena South area located in southern Spain. The project area, now expanded to over 10,000 hectares, offers exciting prospects based on historical exploration data and initial field inspections of the former Trinidad and Carmen mine sites. This marks a pivotal advancement for the company, potentially leading to significant mineral discoveries.

Background and Exploration Progress

Escacena South continues Pan Global's strategic efforts to expand its mineral exploration footprint within the Iberian Pyrite Belt, a region known for its rich geological resources. The Escacena Project previously consisted of approximately 5,760 hectares, but the recent addition of Escacena South effectively doubles the area open for exploration. Historical data and preliminary assessments indicate a high potential for VMS-style mineralization.

The new target, which has been designated a high priority, is bolstered by findings from the Geological Survey of Spain's public database as well as insights from unpublished geological surveys from the 1980s. Early investigations have already revealed notable surface mineralization, with evidence of copper presence along a one-kilometer stretch consistent with the geological indicators of VMS systems.

Strong Indicators of Mineralization

Initial findings at the Trinidad and Carmen mine workings show that semi-massive sulphides, gossans, and visible copper are prevalent. The exploration has confirmed surface copper mineralization along a 1-kilometer east-west trend, indicating promising geological conditions conducive to VMS deposits. Furthermore, a significant untested gravity anomaly, extending over 3.5 kilometers, has been identified, centered south of the historical mine workings, highlighting the potential for substantial mineral deposits lying beneath shallow cover.

Historical assays from rock samples in the region have reported impressive grades, including values reaching up to 6.3% copper and significant quantities of tin and silver. These findings suggest that the area not only harbors historical mineral significance but also holds substantial untapped potential for future resources.

Next Steps and Strategic Importance

Pan Global's President and CEO, Tim Moody, emphasized the need to prioritize drilling at the Trinidad and Carmen area and to address the remaining targets in Escacena South adequately. As drilling operations are set to commence, acquiring the necessary permits will be critical to push forward into the exploration and development phases successfully. The company has also announced that drilling is ongoing at the Bravo target in the Escacena Project and the Providencia target in the Cármenes Project, with results expected in the near future.

The Escacena South area stands out as one of the last largely unexplored sections of the Iberian Pyrite Belt, providing a timely opportunity for Pan Global to capitalize on this rich geological landscape amid an uptick in demand for copper and other critical metals essential for global electrification and energy transition.

Conclusion

With an expanding mineral rights portfolio and promising initial findings, Pan Global Resources is strategically positioned to explore and potentially discover lucrative mineral deposits in the Escacena Project and its surroundings. The strong indicators of copper mineralization coupled with advanced geological data pave the way for significant future developments at Escacena South, making it a noteworthy endeavor for investors and stakeholders in the mining industry. Stay tuned as Pan Global continues its path toward responsible exploration and sustainable mining practices.