VANCOUVER, BRITISH COLUMBIA (By Pan Global, 6.Nov.2025, Words: 720) — Pan Global Resources Inc. announced identification of a new high-priority volcanogenic massive sulphide (VMS) target in the recently awarded Escacena South area, southern Spain.
The new target is supported by historical exploration data and preliminary field inspection of the former Trinidad and Carmen mine workings, and the interpretation incorporates information compiled from the geological survey of Spain public database and unpublished 1980s Exxon survey maps.
Field observations confirm surface copper mineralization along a 1km trend, coincident with a large, untested gravity and magnetic anomaly, indicating strong potential for VMS-style mineralization.
“Historical mine workings, positive surface geochemistry, and coincident large gravity and magnetic anomalies are all strong indicators of potential for volcanogenic massive sulphide mineralization. The historical Trinidad and Carmen mine workings are in the first target area to be inspected, and one of many new targets to be assessed and followed up with further exploration at Escacena South,” said Tim Moody, Pan Global’s President and CEO.
“Escacena South is one of the last remaining, largely unexplored areas of the Iberian Pyrite Belt and represents a significant expansion of the potential for new VMS discoveries for the company, with numerous large gravity anomalies all untested by drilling, in an active mining district,” said Mr. Moody.
Escacena South: high-potential target
— surface evidence of mineralization: Preliminary ground inspection confirms semi-massive sulphides on dumps from historical mining, gossans, and visible copper mineralization at the mine workings along a 1km east-west trend at the Trinidad and Carmen mine workings, last mined in the 1940s for copper.
— large untested anomaly: Review of historical geophysical datasets highlights a coincident gravity and magnetic anomaly extending 3.5km along strike, south of the historical Trinidad and Carmen mine workings and west of La Romana. The strongest portion of the gravity anomaly (>1 mGal) in the south covers an area exceeding 1.5km x 1km beneath shallow post-mineral cover.
— historical high grades: Assay results from historical rock grab samples include up to 6.3% Cu, 2.45% Sn, and 48.6 g/t Ag from gossans, and up to 2.59% Cu, 2.8% Sn, and 25 g/t Ag from mine dumps.*
— expanded exploration potential: Escacena South nearly doubles the surface area of the Escacena Project and includes multiple untested gravity anomalies similar in size and magnitude to the anomaly associated with the company’s La Romana copper-tin-silver deposit. These provide important targets for future exploration.
— next steps: The Trinidad and Carmen area is a priority for advancing to drilling stage as soon as possible after obtaining all the necessary permits. Review of other targets in the Escacena South area is ongoing.
Drilling in progress at Escacena and Cármenes Projects
Drilling is ongoing at the Bravo target in the Escacena Project, and Phase 2 drilling is underway at the Providencia gold and copper-nickel-cobalt target in the Cármenes project (northern Spain), with results expected in the coming weeks.
About the Escacena and Escacena South Project areas
The Escacena and Escacena South Project comprises a large, contiguous mineral rights land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. The area has been expanded from 5,760-hectares to more than 10,000-hectares with the award of the Flores, Rosario and Girasoles mineral rights (Escacena South) in Sep. 2025.
Pan Global has also submitted four additional Investigation Permit applications covering 3,888-hectares (Inmaculada, Santa Isabel, Santa Micaela I and Santa Micaela II) that will further increase the mineral rights holdings in the Iberian Pyrite Belt to more than 13,900-hectares. Escacena is located near the operating mine at Riotinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines where Minera Los Frailes (Grupo México) is commencing a new underground mine development beneath the former Los Frailes open-pit mine.
The Escacena project hosts Pan Global’s La Romana copper-tin-silver deposit, the Cañada Honda copper-gold discovery, and a number of other prospective targets.
____________________
