Pan Global's Escacena Project: A High-Grade Copper-Tin-Silver Expansion with Strong Resource Potential in a Tier-One Jurisdiction

The Iberian Pyrite Belt, a globally renowned polymetallic mining district in southern Spain, has long attracted exploration activity due to its geological richness and political stability. Pan Global Resources Inc. (TSXV: PYZ) has positioned itself as a key player in this Tier-One jurisdiction through its Escacena Project, a copper-tin-silver deposit with expanding resource potential and aggressive exploration plans. With a maiden mineral resource estimate (MRE) nearing completion and multiple high-priority targets under investigation, the project represents a compelling case for strategic resource expansion and exploration-driven growth.

Strategic Resource Expansion at La Romana

At the heart of the Escacena Project is the La Romana deposit, a high-grade copper-tin-silver system that has seen significant expansion in 2025. Step-out drilling has confirmed the continuity of mineralization along strike and down-dip, with drillholes such as LRD189 and LRD191 intersecting 1.01% copper, 0.16% tin, and 4.5 g/t silver over 5 meters and 1.26% copper, 0.01% tin, and 2.3 g/t silver over 6 meters, respectively. These results have extended the mineralized strike length to 1.7 kilometers, while downhole electromagnetics suggest further northwestward plunge of higher-grade copper mineralization.

The company's 2025 drill program has also demonstrated the deposit's potential to host a 20–25 million tonne resource, with a maiden MRE expected by year-end 2025. This estimate will provide critical clarity for future development, particularly given the project's favorable metallurgical characteristics. Conventional gravity separation has achieved 88% copper recovery and 63.2% tin concentrate grades, underscoring the economic viability of the deposit.

Exploration Potential in a Highly Prospective District

Beyond La Romana, the Escacena Project's exploration potential is underscored by its vast landholding of over 10,000 hectares, including newly acquired mineral rights in the Escacena South area. This expansion, announced in September 2025, adds 4,245 hectares of prospective ground adjacent to historical copper mineralization identified by Exxon and Rio Tinto. The area is characterized by untested gravity and magnetic anomalies, suggesting the presence of volcanogenic massive sulphide (VMS) deposits-a commodity class with strong global demand.

Notable progress has also been made at the Cañada Honda target, where channel sampling in a historical mine tunnel returned 1.14 g/t gold over 26 meters, indicating a potential copper-gold system. This discovery, coupled with the identification of multiple high-priority VMS targets, positions Pan Global to leverage the Iberian Pyrite Belt's historical productivity while applying modern exploration techniques to unlock new resources.

Strategic Positioning and Future Outlook

The Escacena Project's strategic value is further enhanced by its proximity to operating mines and major operators such as Grupo México and First Quantum Minerals. This adjacency not only reduces infrastructure costs but also validates the district's geological potential. Pan Global's aggressive exploration strategy-focusing on step-out drilling at La Romana and testing high-priority anomalies in Escacena South-aims to deliver a 100 million tonne resource base by 2026, combining the La Romana deposit with potential new discoveries.

With a 2025 drill program already expanding the resource footprint and a maiden MRE on track for late 2025, the company is well-positioned to attract capital for further development. The Iberian Pyrite Belt's Tier-One status, coupled with Pan Global's disciplined approach to exploration and resource delineation, creates a compelling investment narrative.

Conclusion

Pan Global's Escacena Project exemplifies the intersection of high-grade mineralization, strategic expansion, and exploration potential in a politically stable jurisdiction. The La Romana deposit's robust metallurgical performance and expanding resource base, combined with the company's aggressive targeting of VMS-style mineralization in newly acquired ground, position the project as a key growth driver. As the maiden MRE approaches and 2026 drilling plans take shape, investors are poised to benefit from a project with the potential to evolve into a multi-metal district-scale operation.