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 announced positive results from initial tests using X-Ray Transmission (XRT) sensor technology for sorting and pre-concentration of copper and tin at their La Romana project in Spain. The study, conducted at TOMRA’s Mining Test Centre, showed promising potential for improving ore processing efficiency by removing waste before processing. This could lower costs, enhance recovery of valuable materials, and reduce environmental impacts. The ore sorting technology, already in use at various mines, could improve the economic value of the La Romana project. Ongoing work aims to further refine the process and evaluate its economic benefits before an initial scoping study and Preliminary Economic Assessment (PEA).
Pan Global Resources has commenced exploration at its 100%-owned Carmenes Project in northern Spain, covering 56.5km2. The project area includes the Providencia and Profunda mines, which have shown high grades of copper, nickel, cobalt, and gold. Notable assay results include 2.53% Cu, 1.28% Ni, 0.68% Co, 0.6g/t Au from Providencia, and 10.30% Cu, 0.18% Ni, 0.19% Co, 0.1g/t Au from Profunda. Systematic exploration efforts, including geochemical surveys and drilling, are underway to target extensions of existing mineralization. Additionally, Pan Global is advancing its Escacena Project with ongoing drilling at the La Romana target and preparing to access the Bravo target. An investor webcast is scheduled for July 9, 2024, to discuss these developments.
Pan Global Resources has announced the addition of a second drill rig to its Escacena Project in southern Spain, aiming to accelerate the 2024 drilling program. The project, located in the Iberian Pyrite Belt, is 100%-owned by Pan Global.
They plan to drill 30-40 holes (8,000-12,000 meters), focusing on the La Romana copper-tin-silver deposit and the recently discovered Cañada Honda copper-gold-silver mineralization. Approximately 70% of this drilling plan has already been completed.
Results are pending for three drill holes at Cañada Honda, and preparations are being made to access the Bravo gravity target. Positive metallurgy results for copper and tin were reported earlier this year, alongside confirmed expansions of mineralization at both La Romana and Cañada Honda.
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