Pan Global Resources Inc. is excited to announce the start of its first exploration program at the Bravo target, part of the Company’s 100%-owned Escacena project located in southern Spain’s Iberian Pyrite Belt.
Tim Moody, Pan Global’s President & CEO, highlighted Bravo as a top priority due to its large gravity anomaly and its proximity—just 1.5 km—from the Company’s La Romana copper-tin-silver discovery. The gravity anomaly at Bravo coincides with known mineralization at La Romana, as well as with the nearby Aznalcóllar-Los Frailes (copper, lead, zinc) and Las Cruces (copper) deposits. The current exploration, which includes soil geochemistry and geophysical surveys, marks the first ground-based assessment of Bravo since the early 1980s.
The Bravo target is characterized by a significant 2 km x 1.2 km gravity anomaly, situated 1.5 km east of the La Romana discovery and 4.5 km southwest of the Aznalcóllar volcanogenic massive sulphide (VMS) deposit. This anomaly was first detected through early-1980s gravity surveys and was interpreted as a potential concealed massive sulphide deposit. However, it has not been drill-tested to date and is mostly covered by post-mineral rocks and sediments.
The initial phase of exploration will involve a 100m x 50m gravity survey, soil geochemistry, geological mapping, and 200m line-spaced dipole-dipole Induced Polarization (IP) surveys. These efforts are expected to be completed within the next three months and will help direct future drilling activities at Bravo.
Pan Global is eager to keep shareholders updated as the Bravo exploration program progresses over the coming weeks.
About the Escacena project
The Escacena Project encompasses a substantial 5,760-hectare land package fully controlled by Pan Global, situated in the eastern part of the Iberian Pyrite Belt. The project is located near the Riotinto mine and adjacent to the former Aznalcóllar and Los Frailes mines, where Minera Los Frailes/Grupo México is nearing the final stages of permitting for new mine construction. The Escacena Project includes Pan Global’s La Romana copper-tin-silver and Cañada Honda copper-gold discoveries, among other promising targets such as Bravo, Barbacena, El Pozo, Romana Norte, San Pablo, Zarcita, Hornitos, La Jarosa, Romana Deep and Cortijo.