Pan Global Resources (TSX-V:PGZ) plans to execute a 10,000m drilling campaign across its Escacena and Cármenes projects in Spain during 2026.
The company aims to expand its copper resource base at the 13,000-hectare Escacena Project while advancing a recent gold discovery at the Cármenes Project.
CEO Tim Moody says the company is well-positioned following support from a new strategic investor.
“Our goal at Escacena is to build on the La Romana and Cañada Honda discoveries to define a 100-plus-million tonne resource base. At Cármenes, we plan to build on the high-grade Providencia gold discovery and define the copper-nickel-cobalt resource potential,” Moody says.
The Escacena Project, located in the Iberian Pyrite Belt near the operating Riotinto mine, hosts more than 15 untested priority drill targets alongside the La Romana copper-tin-silver deposit and Cañada Honda copper-gold discovery.
At the 5,653-hectare Cármenes Project, situated 55km north of León in the Rio Narcea Gold Belt, Pan Global plans to expand its 2025 gold discovery at the Providencia target. The project includes the former Providencia and Profunda mines, which produced copper and cobalt with nickel until the 1930s.
The company notes Cármenes hosts more than 25 exploration targets and potential for carbonate-hosted hydrothermal breccia style mineralisation extending beyond 1km depth.
Pan Global maintains a focus on copper exploration, citing strong fundamentals and long-term pricing outlook driven by global electrification and energy transition demands.
This content was created with AI assistance and human editing.
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Images: Pan Global Resources
