Pan Global Resources Inc. reports exploration and development news for copper, gold and polymetallic mineral projects in Spain. Company updates focus on the 100%-owned Escacena Project in the Iberian Pyrite Belt of southern Spain and the Cármenes Project in northern Spain, including drilling, surface and underground sampling, assay results, target generation and mineralization at deposits and targets such as La Romana, Cañada Honda, El Pozo, Providencia and Profunda.
Recurring announcements also cover NI 43-101 technical reporting and initial mineral resource estimates for Escacena, plus corporate presentations to mining-sector investor conferences.
Pan Global Resources has announced significant sampling results from its 100%-owned Cármenes Project in northern Spain. The company's soil and rock sampling program at the Providencia target revealed exceptional grades, including up to 24.3 g/t gold and 16.2% copper, along with significant nickel, cobalt, and other metals.
The initial exploration program included 1,089 soil samples over a 1.8km x 1.5km survey area. Detailed follow-up sampling at Providencia identified a 250m x 150m anomaly with 49 samples averaging 5.8 g/t gold. Rock samples confirmed mineralization with values up to 10.5 g/t Au and 48.1% Cu.
The company plans to commence its first-ever drilling at Providencia in January 2025, with results expected in March. A helicopter electromagnetic survey is also in progress to identify new targets across the project area.
Pan Global Resources has announced its 2025 exploration programs for its 100%-owned Escacena and Cármenes Projects in Spain. The company has initiated an extensive drilling campaign utilizing three drill rigs to test multiple copper-gold-tin targets. At the flagship Escacena Project, five new targets will be tested near the La Romana and Cañada Honda discoveries.
The campaign includes wide step-out drilling at the La Romana copper-tin-silver deposit, where mineralization remains open with grades increasing westward. A maiden NI 43-101 Mineral Resource Estimate is planned for mid-2025. The company is also mobilizing a second drill rig for the Bravo target, located 1km east of La Romana, and a third rig will test the copper-nickel-cobalt-gold Cármenes Project starting in January.
The exploration plan encompasses more than 22 drillholes (~6,830 meters) on new targets, alongside expansion drilling at La Romana. The company aims to discover multiple deposits totaling 100 million tonnes of resource, noting that all operating copper mines in the Iberian Pyrite Belt comprise multiple deposits exceeding 100 million tonnes.
Pan Global Resources reported key achievements for 2024 at its Escacena and Cármenes projects in Spain. At the flagship Escacena Project, drilling extended near-surface copper-tin-silver mineralization at La Romana by 300m, increasing strike length to 1.5km. Advanced metallurgical tests showed excellent results with copper recoveries up to 88% at concentrate grades of 32.5%, and tin concentrate grades of 63.2% with 64% recovery rates.
The company completed surface exploration at the Bravo target, located 1km east of La Romana, revealing strong indicators of potential sulphide mineralization. At Cañada Honda, a copper-gold discovery was expanded through an 11-hole step-out drilling program. The company also initiated exploration at the Cármenes copper-nickel-cobalt-gold Project in northern Spain.
Pan Global secured C$7.2 million through a private placement, supported by existing investors and new strategic investments from a Spanish company and Konwave AG.
Pan Global Resources (TSXV: PGZ, OTCQX: PGZFF) announced positive results from its second phase tin metallurgy test program at the La Romana copper-tin-silver deposit in Spain. The tests achieved high tin concentrate grades of 63.2% with recovery rates of 64% using conventional gravity processing.
Key highlights include successful recovery of additional tin from gravity tailings, representing a 10% increase in overall tin recovery. The process demonstrated low levels of penalty elements and uses a simple processing flowsheet with conventional gravity separation for tin and flotation for copper, requiring less energy-intensive grinding compared to other area mines.
The metallurgical work, conducted by Wardell Armstrong International and managed by Minepro Solutions SL, has reached a level suitable for Preliminary Economic Assessment. Next steps may include closed-circuit testing and pilot plant trials for optimization.
Pan Global Resources has initiated an induced polarization (IP) survey at the Bravo target within its Escacena Project in Spain. The survey targets a 2.0km x 1.5km gravity anomaly with coincident lead-zinc and silver soil geochemistry. The IP survey will help identify sulphide concentrations potentially associated with copper mineralization, preparing for a maiden drill program. Helicopter electromagnetic (HEM) survey data shows resistivity low anomalies coincident with the gravity target, suggesting potential sulphide mineralization. The Bravo target is located 1.5km east of Pan Global's La Romana copper-tin-silver discovery and has never been drill tested.
Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) has announced promising results from its ongoing drill program at the La Romana copper-tin-silver discovery in southern Spain. Highlights include:
- Drillhole LRD181: 18.0m at 1.24% CuEq (1.14% Cu, 0.03% Sn, 2.6 g/t Ag) from 69m, including 5.0m at 3.51% CuEq
- Drillhole LRD183: 9.0m at 1.31% CuEq (1.27% Cu, 0.01% Sn, 2.7 g/t Ag) from 103m, including 2.0m at 5.12% CuEq
These results confirm the continuity and expansion of near-surface Cu-Sn-Ag mineralization to the west. The La Romana mineralization now spans 1.5km east-west, with significant potential for further expansion.
Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) has announced expanded soil geochemistry and new gravity survey results for the Bravo target within its Escacena Project in southern Spain. The survey has doubled the size of the lead-zinc soil anomaly to 1.7km x 1.0km, coinciding with a strong 2.0km x 1.5km gravity anomaly. This suggests potential for concealed volcanogenic massive sulphide (VMS) mineralization similar to the nearby La Romana copper-tin-silver discovery.
The Bravo target is located 1.5km east of La Romana and 4.5km southwest of Grupo México's Aznalcóllar and Los Frailes deposits. The expanded survey included 1,188 soil samples analyzed using pXRF, with select samples assayed for multi-element geochemistry. Results show combined Pb+Zn values up to 1,252ppm and anomalous Ag values up to 5.2g/t. The company is now planning detailed modelling, additional geophysical surveys, and prioritizing drill locations for the maiden Bravo drill campaign.
Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) has announced encouraging soil geochemistry results from its Bravo target within the 100%-owned Escacena Project in southern Spain. The survey revealed a continuous 1km+ east-west lead-zinc soil anomaly coinciding with a gravity anomaly, suggesting potential for concealed mineralization. The anomaly, ranging from 300ppm to 1,252ppm combined Pb+Zn, extends over 1km east-west and up to 700m north-south.
The Bravo target is a 2km x 1.2km gravity anomaly located 1.5km east of Pan Global's La Romana copper-tin-silver discovery. The company is expanding the soil geochemistry survey and conducting a detailed ground gravity survey, which could accelerate drilling plans for the Bravo target. These results support the possibility of massive sulphide mineralization beneath shallow cover sediments.
Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) has initiated its maiden exploration program at the Bravo target within the 100%-owned Escacena Project in southern Spain. Bravo is a large, untested gravity anomaly located 1.5km east of Pan Global's La Romana copper-tin-silver discovery and 4.5km southwest of the Aznalcóllar VMS deposit. The exploration program includes a gravity survey, soil sample geochemistry, geological mapping, and IP surveys, expected to be completed within three months. These efforts will guide future drill testing of the Bravo target, which represents a high-priority exploration opportunity due to its size and strategic location.
Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) has announced results from three additional drill holes at the Cañada Honda copper-gold discovery in southern Spain. The drilling has expanded mineralization, confirming copper-gold continuity down-dip to the north. Highlights include:
- CHD14: 6.5m at 1.22g/t Au and 14m at 0.46% Cu, 0.16g/t Au
- CHD16: 13m at 0.62g/t Au and 15m at 0.23% Cu, 0.51g/t Au
The results are part of an 11-hole step-out program, with eight holes completed. The mineralization now extends over 450m x 450m, associated with a 3km-long geophysical anomaly. Future drilling will target higher grades and westward expansion.