#Spain #Pan Global #Andalusia #Escacena Project #Mineral Resource

Pan Global Resources Inc. Unveils Mineral Resource Estimates for Escacena Project

Pan Global Resources Inc., a dynamic entity in the resource exploration sector, has recently disclosed its initial Mineral Resource Estimates (MRE) for two significant deposits—La Romana (Copper-Tin-Silver) and Cañada Honda (Gold-Copper-Silver)—located within the Escacena Project in the heart of the Iberian Pyrite Belt, southern Spain. This announcement marks a pivotal moment in the company's journey as it establishes a solid foundation for further technical assessments and economic evaluations.

Highlights of the Resource Estimates

La Romana Mineral Resources

The La Romana deposit showcases promising mineral resources with:

• - Measured and Indicated: 32.4 million tonnes containing 119.5 kilotonnes of copper, 8.8 kilotonnes of tin, and 1.7 million ounces of silver. The average grades stand at 0.37% copper, 270 ppm tin, and 1.7 g/t silver.
• - Inferred: 4.0 million tonnes containing 15.8 kilotonnes of copper, 0.3 kilotonnes of tin, and 0.2 million ounces of silver. Average grades are reported at 0.40% copper, 71 ppm tin, and 1.4 g/t silver.

A considerable portion of these resources is confined within a conceptual open-pit design, indicating potential for further economic extraction.

Cañada Honda Mineral Resources

The Cañada Honda deposit also reveals:

• - Inferred: 5.0 million tonnes containing 104,000 ounces of gold, 6.8 kilotonnes of copper, and 0.2 million ounces of silver, achieving average grades of 0.65 g/t gold, 0.14% copper, and 1.2 g/t silver.

Additional unclassified mineralization has been detected, highlighting prospects for further resource delineation. Both La Romana and Cañada Honda deposits remain open along their respective strike and depth, necessitating ongoing exploration to expand the resource base and support comprehensive technical evaluations.

Insights from Company Leadership

Tim Moody, the President and CEO of Pan Global, commented on the team's strategic and disciplined exploration efforts at Escacena, resulting in notable discoveries such as La Romana and Cañada Honda. He highlighted the high proportion of measured resources, specifically at La Romana, which confirms a robust continuity within the mineral system. Furthermore, he discussed advanced metallurgical evaluations that reveal favorable characteristics, potentially yielding high-grade copper concentrates with minimal penalty elements.

Moody emphasized the strategic significance of having both deposits available for expansion within a region renowned for its mining legacy, setting the stage for responsible exploration and evaluation in a well-established jurisdiction.

Technical and Economic Viability

Despite the promising figures, it’s crucial to note that these mineral resources do not equate to mineral reserves, as they lack demonstrated economic feasibility. Inferred resources come with higher degrees of uncertainty regarding their existence and potential lawful viability.

Pan Global indicated intentions to hold a webinar soon to delve deeper into the Mineral Resource Estimates, presenting further details pertinent to investors and stakeholders. Presentations will look to inform the community about foundational insights and future projections that align with the company's broader goals and strategies.

Conclusion

Overall, Pan Global's maiden resource announcements reflect its strategic positioning and ongoing commitment to exploring rich mineral deposits in the Iberian Peninsula. With a robust resource foundation now established, Pan Global is poised to capitalize on these findings, fostering future technological and economic studies that could drive forward its operational ambitions in resource-rich territories.

For more information regarding Pan Global Resources Inc. and its exciting developments, visit the official company website where up-to-date news and further details can be found. As the firm continues to make strides in mineral exploration, the industry eagerly anticipates the outcomes of their ongoing efforts and upcoming discoveries in a landscape ripe with opportunity.