PAN GLOBAL ADVANCES ESCACENA AND CÁRMENES PROJECTS IN SPAIN DURING SUCCESSFUL 2024 PROGRAM
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 ha riportato risultati chiave per il 2024 nei suoi progetti di Escacena e Cármenes in Spagna. Nel progetto principale Escacena, le perforazioni hanno ampliato la mineralizzazione di rame-stagno-argento vicino alla superficie a La Romana di 300m, portando la lunghezza del filone a 1,5 km. I test metallurgici avanzati hanno mostrato risultati eccezionali, con recuperi di rame fino all'88% con gradi di concentrazione del 32,5%, e gradi di concentrazione di stagno del 63,2% con tassi di recupero del 64%.
La società ha completato l'esplorazione superficiale presso il target Bravo, situato a 1 km a est di La Romana, rivelando forti indicatori di potenziale mineralizzazione solforata. A Cañada Honda, una scoperta di rame-oro è stata ampliata attraverso un programma di perforazione da 11 fori. La società ha anche avviato l'esplorazione nel progetto di rame-nichel-cobalto-oro di Cármenes, nel nord della Spagna.
Pan Global ha ottenuto 7,2 milioni di dollari canadesi tramite un collocamento privato, sostenuto da investitori esistenti e nuovi investimenti strategici da una società spagnola e da Konwave AG.
Pan Global Resources reportó logros clave para 2024 en sus proyectos de Escacena y Cármenes en España. En el proyecto insignia Escacena, la perforación extendió la mineralización de cobre estaño plata cerca de la superficie en La Romana por 300 m, aumentando la longitud de la veta a 1.5 km. Las pruebas metalúrgicas avanzadas mostraron excelentes resultados con recuperaciones de cobre de hasta el 88% en grados de concentración del 32.5%, y grados de concentración de estaño del 63.2% con tasas de recuperación del 64%.
La compañía completó la exploración superficial en el objetivo Bravo, ubicado a 1 km al este de La Romana, revelando fuertes indicadores de potencial mineralización de sulfuros. En Cañada Honda, se amplió un descubrimiento de cobre-oro a través de un programa de perforación de 11 agujeros. La compañía también inició exploraciones en el proyecto de cobre-níquel-cobalto-oro de Cármenes, en el norte de España.
Pan Global aseguró 7.2 millones de dólares canadienses a través de una colocación privada, respaldada por inversores existentes y nuevas inversiones estratégicas de una empresa española y Konwave AG.
Pan Global Resources는 스페인의 Escacena와 Cármenes 프로젝트에서 2024년 주요 성과를 보고했습니다. 주 프로젝트인 Escacena에서 시추 작업은 La Romana의 근처 표면에서 구리-주석-은 광물화를 300m 확장하여 스트라이크 길이를 1.5km로 늘렸습니다. 고급 금속공학 시험에서 구리 회수율이 88%에 달하며, 농도 등급 32.5%의 농축과 주석 농축 등급 63.2%에 대해 64%의 회수율을 보여주는 우수한 결과가 나왔습니다.
회사는 La Romana에서 동쪽으로 1km 떨어진 Bravo 목표에서 표면 탐사를 완료하여 황화물 광물화의 잠재력을 강력하게 나타내는 지표들을 밝혔습니다. Cañada Honda에서는 11개 구멍 단계적 시추 프로그램을 통해 구리-금 발견이 확장되었습니다. 또한 회사는 스페인 북부의 Cármenes 구리-니켈-코발트-금 프로젝트에서 탐사를 시작했습니다.
Pan Global은 기존 투자자와 스페인 기업, Konwave AG의 새로운 전략적 투자에 의해 지원받아 C$7.2백만을 사모 배정으로 확보했습니다.
Pan Global Resources a rapporté des réalisations clés pour 2024 dans ses projets d'Escacena et de Cármenes en Espagne. Dans le projet phare d'Escacena, le forage a prolongé la minéralisation de cuivre-étain-argent près de la surface à La Romana de 300 m, augmentant la longueur de la veine à 1,5 km. Des tests métallurgiques avancés ont montré d'excellents résultats avec des récupérations de cuivre allant jusqu'à 88 % à des grades de concentration de 32,5 %, et des grades de concentration d'étain de 63,2 % avec des taux de récupération de 64 %.
La société a complété l'exploration de surface au niveau de la cible Bravo, située à 1 km à l'est de La Romana, révélant de forts indicateurs de minéralisation potentielle des sulfures. À Cañada Honda, une découverte de cuivre-or a été élargie par un programme de forage de 11 sondes. La société a également commencé l'exploration du projet de cuivre-nickel-cobalt-or de Cármenes, dans le nord de l'Espagne.
Pan Global a obtenu 7,2 millions de dollars canadiens par le biais d'un placement privé, soutenu par des investisseurs existants et de nouveaux investissements stratégiques d'une entreprise espagnole et de Konwave AG.
Pan Global Resources berichtete über wichtige Errungenschaften für 2024 in seinen Projekten Escacena und Cármenes in Spanien. Im Flagship-Projekt Escacena hat das Bohrprogramm die nahe der Oberfläche befindliche Kupfer-Zinn-Silber-Mineralisierung in La Romana um 300 m erweitert, wodurch die Streichenlänge auf 1,5 km erhöht wurde. Fortgeschrittene metallurgische Tests zeigten hervorragende Ergebnisse mit Kupfer-Rückgewinnungen von bis zu 88% bei Konzentrationsgraden von 32,5% und Zinnkonzentrationsgraden von 63,2% mit einer Rückgewinnungsrate von 64%.
Das Unternehmen hat die Oberflächenexploration am Ziel Bravo abgeschlossen, das 1 km östlich von La Romana liegt, und starke Indikatoren für potenzielle Sulfidmineralisierungen aufgedeckt. In Cañada Honda wurde durch ein 11-Bohrlöcher umfassendes Bohrprogramm eine Kupfer-Gold-Entdeckung erweitert. Das Unternehmen hat auch die Exploration im Kupfer-Nickel-Kobalt-Gold-Projekt Cármenes im Norden Spaniens begonnen.
Pan Global sicherte sich durch eine Privatplatzierung 7,2 Millionen CAD, unterstützt von bestehenden Investoren und neuen strategischen Investitionen eines spanischen Unternehmens und Konwave AG.
- Extended La Romana deposit mineralization by 300m, reaching 1.5km strike length
- Achieved high metallurgical test results: 88% copper recovery with 32.5% concentrate grades
- Secured C$7.2 million financing with strategic investors
- Demonstrated strong tin recovery rates of 64% with 63.2% concentrate grades
- None.
TSXV: PGZ | OTCQX: PGZFF | FRA: 2EU
- Expanded copper-tin-gold mineralization at La Romana and Cañada Honda discoveries at flagship Escacena Project in southern
Spain - Gained surface access to highly prospective Bravo target located 1km east of La Romana
- Completed surface exploration at Bravo target ahead of planned drilling this month
- Completed advanced copper-tin metallurgical test program for La Romana mineralization with industry-leading results
- Commenced exploration at the copper-nickel-cobalt-gold Cármenes Project in northern
Spain - Details for 2025 drill campaign to be released shortly
"With the support of an exceptional exploration team in
"All of the operating copper mines on the Iberian Pyrite Belt are comprised of multiple deposits, further indicating the likelihood that the multiple geophysical anomalies at Escacena could also indicate additional copper deposits. The planned 2025 drill campaign will further test this," said Mr. Moody.
2024 Achievement Highlights
- Reported results for 21 drill holes (4,956m) on three targets (La Romana, La Romana West, Cañada Honda)
- Drilling extended the near-surface copper-tin-silver mineralization at the La Romana deposit 300m to the west, and remains open for further expansion in several areas
- Completed surface exploration at the high-priority Bravo target, located on-trend 1km to the east from the La Romana copper-tin-silver discovery. Surface soil geochemistry and geophysics confirmed strong coincident indicators consistent with potential for underlying sulphide mineralization
- Completed advanced copper metallurgy variability tests for La Romana, confirming excellent copper recoveries up to
88% at concentrate grades of up to32.5% with silver credits and very low deleterious elements. The results are at Preliminary Economic Assessment (PEA) level and indicate a simple, conventional processing flowsheet - Released positive tin metallurgy test results for La Romana, with the most recent tests showing high tin concentrate grades of
63.2% at recovery rates of64% calculated from conventional gravity processing - The La Romana metallurgical testwork confirmed potential for higher grades and recoveries for copper compared to other advanced projects and mines on the Iberian Pyrite Belt
- Expanded the copper-gold discovery at Escacena's Cañada Honda target with the completion of an 11-hole step-out drilling program. A total of 16 holes have now been completed on the eastern end of a 3km gravity anomaly, indicating large size potential with most of the target untested
- Commenced exploration for copper-nickel-cobalt-gold hosted within pipe-like breccia bodies at the Cármenes Project. Excellent potential for new discoveries has been identified at several targets. Drilling is scheduled to commence this month
- Completed a
C up-sized non-brokered private placement financing in November, with existing investors providing strong support and adding two new major investors in a strategic investment from a private Spanish company and Konwave AG, a prominent European institutional resource fund$7.2 million
Details of Pan Global's 2025 exploration program at the Escacena and Carmenes projects will be provided shortly.
About the Escacena Project
The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled
About the Cármenes Project
The Cármenes Project is located approx. 55km north of León in northern
About Pan Global Resources
Pan Global Resources Inc. is actively targeting copper-rich mineral deposits, given copper's compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern
Qualified Persons
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 for this media release. Mr. Merino is not independent of the Company.
Forward-looking statements
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.
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SOURCE Pan Global Resources Inc.
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