Maiden Mineral Resource Estimates For The Escacena Project

VANCOUVER – Pan Global Resources Inc. reported on the 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.
Tim Moody, President and CEO, said, “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.
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.”