Pan Global Resources Targets Rich Copper Veins in Spain Amidst Rising Global Demand

As global demand for copper steadily rises amidst signs of future shortages, the mining sector finds itself at the heart of a lucrative growth curve. At the front of this push, Pan Global Resources (TSXV:PGZ) seeks to mine the copper-rich terrains of the Iberian Pyrite Belt in Southern Spain. This area, notably the Escacena Project’s Cañada Honda target, holds the potential to address this rising need for copper.

Located in the mineral-laden province of Andalusia, the 100%-owned Escacena Project carries a history deep in mining exploration, driven by its location within the Iberian Pyrite Belt, known for its large deposits of copper and other polymetallic ores.

The copper-gold mineralization is present in skarn and porphyry-type deposits typically associated with the Iberian Pyrite Belt, making the site a promising target for exploration. These formations tend to be rich in copper and gold.

The recent drilling results by Pan Global’s exploration team revealed a broad mineralized intersection within the Cañada Honda target. In particular, copper concentrations of 1.3% and gold concentrations of 0.5 g/t over 5.1 meters, within a wider zone of 20 meters, were identified. Such results indicate a significant concentration of copper and gold mineralization.

Furthermore, the characteristics of the mineralization, such as the substantial sulfide content and the disseminated nature of the copper and gold deposits, make them promising targets for drilling. The deposits are also significant because they’re indicative of a larger copper-gold system, which could potentially hold even more resources.

“Identifying these types of copper-gold mineralization is a testament to the geological potential of the region. It’s a significant step forward in our exploration efforts,” says Tim Moody, Pan Global’s President and CEO.

“It is particularly encouraging to see an increase in thickness of the copper-gold mineralization down-dip coincident with a gravity target. This indicates good potential for additional mineralization associated with the gravity anomaly”

Copper, given its wide array of applications, is a key element in numerous industries, including the rapidly growing green energy sector. With the global energy transition underway, the demand for copper is expected to surge. “The latest drill results underscore the potential of the Cañada Honda target to meet this demand. These results reinforce our confidence in the potential of this region”

These developments come at a critical time, as industry experts are warning about supply shortages from not investing in new copper mines. The discovery of new, economically viable copper mines presents numerous challenges. The task goes beyond just locating areas rich in copper; the mineral needs to be in concentrations, or grades, that justify the costs of mining and processing. 

Additionally, finding new copper mines is a time-consuming process. It involves substantial geological surveying, resource modeling, and feasibility studies before any actual mining can begin. This process can take many years and requires significant investment, all while global demand for copper continues to increase.

In this context, Pan Global Resources’ findings at the Escacena Project, specifically the high-grade copper-gold mineralization in the Cañada Honda target, underscore the significance of their efforts and the potential this project holds for adding to the global supply of copper.