Pan Global posts maiden mineral resource estimates for Escacena Project, Spain
Pan Global Resources Inc. [TSXV: PGZ; OTCQB: PGZFF; FRA: 2EU] reported maiden Mineral Resource Estimates (MRE) for the La Romana (Cu-Sn-Ag) and Cañada Honda (Au-Cu-Ag) deposits, at its 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain. The initial estimates represent a significant milestone for the company and establishes a foundation for future technical and economic studies.
Highlights – La Romana (Cu-Sn-Ag) Mineral Resources: Measured and Indicated: 32.4 Mt containing 119.5 kt Cu, 8.8 kt Sn, 1.7 Moz Ag (average grades of 0.37% Cu, 270 ppm Sn, 1.7 g/t Ag; 0.44% CuEq).
Inferred: 4.0 Mt containing 15.8 kt Cu, 0.3 kt Sn, 0.2 Moz Ag (average grades of 0.40% Cu, 71 ppm Sn, 1.4 g/t Ag; 0.42% CuEq). The estimates include a substantial portion of the Mineral Resources constrained within a conceptual open-pit shell.
Cañada Honda (Au-Cu-Ag) Mineral Resources – Inferred: 5.0 Mt containing 104 koz Au, 6.8 kt Cu, 0.2 Moz Ag (average grades of 0.65 g/t Au, 0.14% Cu, 1.2 g/t Ag; 0.74 g/t AuEq). Additional unclassified mineralization has been identified, indicating potential for further resource delineation.
Resources at both La Romana and Cañada Honda remain open along strike and at depth. Ongoing exploration focused on expanding the resource base and supporting future technical evaluation
“Several years of disciplined exploration at Escacena resulted in multiple discoveries, including the La Romana and Cañada Honda deposits. The high proportion of Measured Resource and the in-pit component at La Romana confirms the strong continuity of the mineral system. The initial resource at Cañada Honda, located approx. 4 km north of La Romana, adds a second distinct gold-dominant mineralized system with meaningful copper and silver content,” said Tim Moody, President and CEO.
Moody added: “Advanced metallurgical tests at La Romana, confirming the metallurgical characteristics of the mineralization, indicate the potential to produce concentrates with higher copper grades and very low levels of penalty elements. With both deposits open for expansion and a pipeline of exploration targets, located in an established mining district, Escacena has a solid technical foundation to build upon through the next stages of advancement of exploration and technical evaluation.”
The In-Pit Resource is constrained within a conceptual open-pit shell designed for reasonable prospects for eventual economic extraction (RPEEE). The majority (over 90%) of the In-Pit Resource is classified as Measured, with higher-grade material relative to the broader La Romana Mineral Resource captured in the conceptual open-pit shell.
La Romana Cut-off Grade Sensitivity (Illustrative Only): 0.15% Cu: 48.9 Mt at 0.38% CuEq; 0.20% Cu: 36.4 Mt at 0.44% CuEq; 0.25% Cu: 27.1 Mt at 0.50% CuEq and 0.30% Cu: 19.9 Mt at 0.56% CuEq.
The In-Pit Mineral Resource is constrained within a conceptual open-pit shell developed to demonstrate RPEEE. The pit shell captures a portion Inferred Mineral Resource with higher grades on average than the broader Cañada Honda Mineral Resource.
The MREs for La Romana and Cañada Honda were prepared by Orelogy Consulting Pty Ltd. under the supervision of a Qualified Person (QP) in accordance with NI 43-101 and the 2014 CIM Definition Standards. The La Romana MRE is based on 198 diamond drill holes (41,528 m) and the Cañada Honda MRE on 16 drill holes (5,495 m). Mineralization was modelled using 3D geological wireframes.
Grades for Cu, Sn, Ag, and Au were estimated into a block model using Ordinary Kriging, with search parameters and block sizes (e.g. 10m x 5m x 4m) optimized to reflect the local geometry and continuity of mineralization. High-grade outliers were restricted through top-cutting to ensure statistical representativeness. Models were validated using visual inspection, global statistical comparisons, and swath plot analysis.
The Escacena Project, including Escacena South, comprises a contiguous 100%-owned mineral rights land package in the Iberian Pyrite Belt, totalling over 13,900 hectares. The Project is located near operating mines at Riotinto and adjacent to former Aznalcóllar and Los Frailes mines where Minera Los Frailes has announced plans to advance redevelopment. Escacena hosts La Romana, Cañada Honda, and multiple exploration targets.
Pan Global’s flagship Escacena Project is in the prolific Iberian Pyrite Belt in southern Spain, where a favourable track record for mine permitting, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a well-established mining jurisdiction with a long history of mineral production.
The company’s second project, at Cármenes in northern Spain, is also an area with a long mining history and excellent infrastructure. The company is a member, and operates under the principles, of the United Nations Global Compact.
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