Pan Global's Escacena Project comprises a significant land package covering more than 5,700 hectares, neighbors the Aznalcóllar and Los Frailes projects owned by Grupo Mexico, and is 12km to the west of First Quantum Mining’s operating Cobre Las Cruces Mine*. Atalaya’s operating Riotinto Mine is 23km to the northwest.
The company has been actively exploring Escacena and the La Romana target since 2019 when a copper-tin-silver discovery was made. Since then, more than 140 holes have been drilled in the Volcanic Massive Sulphide (VMS) style deposit, with 99% hitting mineralization.
First drill holes were immediate discovery holes with near surfacemineralization• Results returned significant tin grades
99% hit rate on drilling to date• Drilling and geophysics are coincident• Surrounded by four mines held by major mining companies
Promising upside potential
In November 2021, Pan Global was granted a permit by the regional government of Andalucia for exploration of the Al Andaluz property
Al Andaluz is located immediately adjacent to the Company’s initial holdings and represents a 115% increase to the exploration area,adding approximately 2,365 hectares to the Escacena Project area
An additional 1,030.5 hectares remain under application
Al Andaluz comes to within 600 meters of the edge of the Aznalcóllar open pit mine and lies approximately 12 km west of the Las Cruces copper mine
The property includes the historical mining areas of the El Pozo and La Zarcita, and the La Jarosa target with a drill hole completed by Exxon in 1985
Expedited exploration is currently underway• Pan Global is actively exploring the Aguilas Project near Cordoba in northern Andalucia, which covers an area of approximately 16,000 hectares. The Company’s business activities include the acquisition of additional mineral rights in Spain for the purpose of further mineral exploration.
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