Unlocking Near-Mineable Gold Potential: The Escacena Project's Strategic Advantages in Southern Spain

In the ever-evolving landscape of mineral exploration, projects that combine near-surface gold potential with geopolitical stability are rare gems. The Escacena Project in southern Spain, operated by Pan Global Resources Inc., has emerged as a standout opportunity in 2025. Recent discoveries and strategic expansions position the project as a de-risked exploration play in one of Europe's most politically stable jurisdictions.

A Geopolitical Safe Haven for Mining

Southern Spain, part of the Iberian Pyrite Belt-a world-class mineralized region-offers a regulatory environment that is both transparent and investor-friendly. According to a report by Pan Global Resources, the company secured new mineral rights in September 2025 through a competitive public tender process, expanding the Escacena Project by 74% to over 10,000 hectares. This expansion includes three contiguous blocks-Flores, Rosario, and Girasoles-which are largely unexplored but sit adjacent to the company's existing 100%-owned assets. The Iberian Pyrite Belt's long history of mining activity, coupled with Spain's stable legal framework, reduces jurisdictional risks that often plague projects in politically volatile regions.

Near-Surface Gold: A Low-Cost Path to Production

The Escacena Project's most compelling asset is its near-surface gold mineralization, which significantly lowers capital and operational costs. At the Cañada Honda target, continuous twin saw-cut channel sampling returned 1.14 g/t Au over 26 meters, including intervals with grades as high as 2.52 g/t Au. Such results are not only economically attractive but also validate the potential for shallow, easily accessible deposits.

Further, preliminary field inspections at the Trinidad and Carmen mine workings revealed surface copper mineralization along a 1-kilometre trend, accompanied by semi-massive sulphides and gossans. Historical rock grab samples from these areas returned exceptional grades, including up to 6.3% Cu, 2.45% Sn, and 48.6 g/t Ag. While these are not indicative of a resource, they underscore the project's polymetallic nature and the likelihood of gold being a byproduct in a copper-dominant deposit.

De-Risked Exploration and Strategic Expansion

Pan Global's recent expansion has transformed the Escacena Project into one of the largest and most prospective assets in the Iberian Pyrite Belt. The newly acquired mineral rights are adjacent to the company's La Romana deposit, which is on track for a maiden Mineral Resource Estimate by year-end 2025. This deposit, already showing promise for volcanogenic massive sulphide (VMS) mineralization, serves as a template for the untested targets in the expanded area.

The Escacena South region, in particular, has become a focal point. It hosts gravity and magnetic anomalies similar in size and magnitude to those associated with La Romana, suggesting analogous geological conditions. Drilling is currently underway at the Bravo target, with further exploration contingent on permit approvals. The presence of historical data and visible mineralization further de-risks the project, as it eliminates the need for extensive early-stage exploration.

The Road Ahead: From Discovery to Development

With a maiden resource estimate imminent and drilling programs in progress, the Escacena Project is transitioning from exploration to a more advanced stage. The company's focus on near-surface mineralization aligns with industry trends favoring low-cost, high-margin projects. Additionally, the polymetallic nature of the deposit-combining gold, copper, tin, and silver-provides flexibility in commodity pricing cycles.

For investors, the key risks remain permitting delays and market volatility. However, Spain's stable regulatory environment and the project's proximity to existing infrastructure mitigate these concerns. As Pan Global moves toward feasibility studies, the Escacena Project could become a cornerstone of the company's portfolio and a model for responsible, geopolitically secure mining in Europe.