Pan Global Resources Inc. has announced the commencement of drilling at the El Pozo target in the 100%-owned Escacena Project located in the Iberian Pyrite Belt in southern Spain. El Pozo is the first target to be tested as part of the 2026 multi-target drill programme at Escacena. El Pozo is located less than 3-km north of the Company’s La Romana copper-tin-silver deposit and 2-km along-trend west of the Cañada Honda copper-gold deposit.
Drilling at El Pozo will initially include up to four drillholes testing a large, previously untested target defined by historical mine workings, coincident copper-zinc soil sample anomalies, strong Induced Polarisation (IP), electromagnetic (EM), and gravity responses. The drilling will test for mineralisation extending beneath the historical mine workings associated with the large geophysics’ targets. The historical mine workings include a small shaft, with no information of past production.
“El Pozo is a compelling, large-scale target to initiate the 2026 Escacena drill campaign,” said Tim Moody, President and CEO. “The alignment of geophysics and copper geochemistry, including a soil-copper anomaly trending over 1.6 km east-west and geophysics anomalies extending beneath the historical mine workings, are strong indicators of a Volcanic Massive Sulphide (VMS) mineralised system, potentially strengthening at depth.”
The 2026 drill programme aims to grow Pan Global’s copper resource base through targeted, high-confidence exploration drilling to discover new mineralisation. Up to 15 untested targets have been identified for follow-up, with drilling also planned at the Cortijo target at Escacena North and the Trinidad and Carmen targets on the newly awarded Escacena South property. Drilling will also test for extensions to the La Romana (copper-tin-silver) and Cañada Honda (copper-gold) deposits.
Results will be announced as soon as they are available.
The Escacena Project, recently added Escacena South area and new application areas, together comprise a mineral rights land package covering more than 13,000-hectares controlled 100% by Pan Global in the east of the Iberian Pyrite Belt, Europe’s second-largest copper-producing region. Escacena is located near the operating mine at Riotinto (Atalaya) 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 includes Mineral Resource Estimates at the La Romana copper-tin-silver and Cañada Honda copper-gold deposits, and hosts 15 other prospective targets for follow-up.
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