Pan Global Resources Inc. (PGZFF) is excited to announce the launch of drilling at the El Pozo target within the fully owned Escacena Project located in the Iberian Pyrite Belt of southern Spain. This marks the first target to be explored as part of the 2026 multi-target drilling initiative at Escacena.
Situated less than 3 kilometers north of the La Romana copper-tin-silver deposit and just 2 kilometers west of the Cañada Honda copper-gold deposit, El Pozo is positioned strategically for exploration.
Initial drilling at El Pozo will involve up to four drillholes targeting a substantial, previously unexplored area defined by historical mining operations, copper-zinc soil anomalies, and robust Induced Polarization (IP), electromagnetic (EM), and gravity responses. This drilling aims to investigate mineralization beneath the historical mining sites linked to significant geophysical targets.
"El Pozo represents a promising, large-scale target to kick off the 2026 Escacena drilling campaign. The combination of geophysical data and copper geochemistry, particularly a soil-copper anomaly extending over 1.6 kilometers and geophysical anomalies beneath the historical mine workings, are strong indicators of a potential Volcanic Massive Sulphide (VMS) mineralized system, likely intensifying at depth," stated Tim Moody, President and CEO.
The 2026 drilling program is designed to expand Pan Global's copper resource base through focused, high-confidence exploration aimed at discovering new mineralization. The company has identified up to 15 untested targets for follow-up, with additional drilling planned at the Cortijo target at Escacena North, as well as the Trinidad and Carmen targets on the newly acquired Escacena South property. Drilling is also expected to explore extensions of the La Romana and Cañada Honda deposits.
Results will be reported as they become available.
The Escacena Project, which now includes the recently added Escacena South area, comprises a mineral rights land package of over 13,000 hectares, all under 100% control by Pan Global, in the eastern part of the Iberian Pyrite Belt, known to be Europe’s second-largest copper-producing region. Escacena is strategically located near the operating mine at Riotinto (Atalaya) and adjacent to the former Aznalcóllar and Los Frailes mines, where Minera Los Frailes (Grupo México) is initiating a new underground mine development.
The Escacena Project encompasses Mineral Resource Estimates for La Romana and Cañada Honda, alongside 15 additional prospective targets for further exploration.
Pan Global Resources is committed to exploring copper-rich mineral deposits, along with gold and other metals. The outlook for copper remains strong due to its critical role in global electrification and energy transition, while gold continues to attract record prices.
The company’s flagship Escacena Project is located in the productive Iberian Pyrite Belt, benefiting from favorable permitting conditions, excellent infrastructure, and support from the European Commission for copper as a Strategic Raw Material. Its second project in Cármenes, northern Spain, also benefits from a rich mining history and robust infrastructure.
The Pan Global team is comprised of experienced professionals in exploration, discovery, development, and mine operations, committed to safe and environmentally respectful practices. The company operates under the principles of the United Nations Global Compact.
For more information about Pan Global Resources, visit their Curation Connect showcase at Curation Connect or explore related insights at Inside Ticker.
Álvaro Merino, Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information in this release. Mr. Merino is not independent of the Company.
The soil geochemistry survey results mentioned include samples collected from the top 20 cm of the surface over a 100m x 40m grid within the gravity target area. Samples, weighing approximately 1 kg, were collected in plastic bags and analyzed using a Vanta handheld x-ray fluorescence device. Quality control measures include duplicate analyses and insertion of standards.
Statements that are not purely historical are forward-looking, including beliefs, plans, expectations, or intentions regarding the future. Actual outcomes may differ materially from those projected. The company encourages readers to refer to the risk disclosures in its Management Discussion and Analysis filed with the British Columbia Securities Commission.
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