#Spain #Pan Global #Escacena #Bravo Target

Pan Global Resources Initiates Drilling at Bravo Target in Spain

Pan Global Resources Inc. has officially commenced drilling at the Bravo target, part of its wholly-owned Escacena copper-tin-silver project located in southern Spain. This exciting development aligns with the company's strategy to explore significant mineralization potential in a geologically rich area known for its historical significance in mining.

Overview of the Bravo Target

The Bravo target is strategically positioned approximately one kilometer east of the La Romana copper-tin-silver discovery, which is an essential reference point for potential mineralization at Bravo. This area is within proximity to the well-known Aznalcóllar-Los Frailes mining project operated by Grupo México, signifying the high prospectivity of the region.

Pan Global's initial drilling phase at Bravo is projected to consist of up to eight widely spaced drill holes. These holes will specifically target the mineralization associated with the anomalies identified from geophysical surveys conducted in the region. Initial findings from the surveys indicate promising geophysical signatures that are commonly associated with valuable mineral deposits, enhancing the potential for discovering significant mineral resources at Bravo.

Geophysical Insights

In conjunction with the drilling announcement, Pan Global shared preliminary data from its recent geophysical survey, which covered an 18.2-kilometer line. This survey identified chargeability and resistivity anomalies coinciding with the gravity anomaly at Bravo. Such anomalies are indicative of possible extensions of geological trends that host mineralization akin to what is found in nearby La Romana. The integration of these survey results with detailed gravity modeling and soil geochemistry data has prioritized the drilling targets effectively.

Tim Moody, CEO of Pan Global Resources, expressed enthusiasm about the beginning of the drilling process, stating, "The geophysical signatures at Bravo are numerous and demonstrate correlations with our nearby La Romana copper-tin-silver discovery, bolstering the potential for significant mineralization here. Given Bravo's size and location, it stands out as one of our highest-priority targets among several previously untested sites in this highly promising region for volcanogenic massive sulfide (VMS) mineralization."

Further Development Plans

The drilling program is designed not just to assess known anomalies but also to explore a strong chargeability anomaly located 500 meters south of the main gravity anomaly at Bravo. This strategic approach may lead to the identification of a continuous trend of mineralization extending from La Romana to Bravo. As the project advances, the company anticipates releasing results from the initial drilling phase as they become available.

Project Escacena and Future Prospects

The Escacena project encompasses an impressive contiguous land package totaling 5,760 hectares, showcasing Pan Global's commitment to exploring and developing rich mineral resources in the Iberian pyrite belt. This area is known for its mining history and resource-rich geology. Pan Global aims to define a resource base of approximately 100 million tons of copper within the project area, reflecting its ambitions to match successful mining operations in the Iberian region.

With a focus on responsible mining practices, Pan Global Resources holds itself to high standards, prioritizing environmental stewardship and community relations. As exploration efforts progress, the company remains optimistic about its potential discoveries at Bravo and other targets within Escacena, aiming to contribute to the global copper supply amid rising demand for the metal in renewable energy and electrification initiatives.

Conclusion

The commencement of drilling at the Bravo target marks a significant milestone for Pan Global Resources as it seeks to enhance its resource portfolio and strengthen its position in the competitive mining landscape. The company's commitment to exploration in a historically rich mining region, combined with ongoing geophysical insights, lays a solid foundation for potential mineral discoveries that could shape the future of the Escacena project in the years to come.