#Spain #Pan Global #La Romana #Andalusia #Escacena Project

Expansion of La Romana Deposit by Pan Global Resources

Pan Global Resources Inc. (TSXV: PGZ, OTCQB: PGZFF, FRA: 2EU) recently announced significant advancements at its Escacena project located in southern Spain's Iberian Pyrite Belt. The company has successfully completed six extension drillings in the La Romana target, revealing promising results that support the ongoing efforts in mineralization estimation.

The recent drilling yielded notable intercepts, including:

• - LRD189: 2 meters at 1.63% Copper Equivalent (CuEq) from 86 meters depth, including 1.0 meter at 3.02% CuEq.
• - LRD191: 6 meters at 1.31% CuEq from 122 meters depth, highlighting a higher-grade copper zone.

These results indicate that high-grade copper-tin mineralization extends downward and to the northwest, increasing the potential for resource estimation as part of Pan Global's ongoing efforts to delineate the resource at Escacena. The project has thus far witnessed 192 drill holes totaling 38,734 meters, further affirming the continuity of mineralization across a 1.7 km stretch from east to west.

Tim Moody, the CEO, stated that the extension drilling has confirmed that the mineralization continues not only downwards but also in lateral sections, potentially allowing for the capture of additional mineralization within a conceptual open-pit model. The company anticipates that future drilling scheduled for 2026 will further expand the mineralized area of La Romana, reinforcing the project's viability.

Project Overview

The Escacena project encompasses extensive contiguous mining rights solely owned by Pan Global, covering over 10,000 hectares after recent expansions. This strategic positioning near operational mines such as Riotinto and former sites like Aznalcóllar enhances Escacena's potential, leveraging the rich mining history and supportive mining policies in the region. The project centers around the La Romana deposit, known for its copper-tin-silver resources, along with other promising prospects, including the Cañada Honda gold-copper discovery.

Furthermore, the company asserts its commitment to sustainable practices and community engagement, adhering to safety and environmental standards. Pan Global is also a participant in the United Nations Global Compact, reinforcing its dedication to responsible mining practices.

Industry Context

In recent years, the demand for metals, particularly copper, has surged due to its essential role in global electrification and energy transitions. The favorable supply-demand dynamics and favorable pricing forecasts underscore the strategic importance of projects like Escacena, aimed at tapping into rich mineral resources.

In conclusion, with the ongoing exploration and positive drilling results, Pan Global Resources is positioned to make significant strides in the mining sector, particularly in the Iberian Pyrite Belt. Investors and stakeholders are encouraged to keep a close watch on upcoming developments as the company progresses with its mineral resource estimation for the Escacena project.

For more information about Pan Global Resources, visit their official website or follow their updates on ongoing exploration initiatives.