Mining Stock Daily Exploration Update from Pan Global Resources in Spain
Nov 18, 2025
Jason Mercier, the Vice President of Investor Relations and Communications at Pan Global Resources, shares exciting updates about their exploration projects in Spain. He reveals a groundbreaking gold discovery in Cármenes and expansive copper-tin targets in the newly granted Escacena South area. Mercier discusses the upcoming maiden resource estimate for the La Romana deposit and outlines plans for future drilling. He emphasizes Spain’s mining potential and community engagement, while teasing imminent assay results and catalysts that could influence market sentiment.
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New Gold Discovery Broadens Project Scope
- Pan Global made its first modern gold discovery in northern Spain, with consistent drill hits of 1–3 g/t gold and associated base metals.
- The Cármenes discovery expands the company's commodity mix beyond copper into gold, cobalt and nickel, increasing exploration optionality.
Major Expansion At Escacena Unlocks Surface Targets
- Pan Global was granted ~10,000 ha of Escacena South, revealing a 1 km surface copper-tin showing and historical copper over a 3 km trend.
- The package sits amid four major operators, increasing regional validation and competitive tension.
Exxon's 1980s Work Left Useful Data
- Jason recounts that Exxon did tests in the early 1980s and left a valuable dataset that Pan Global acquired.
- He notes oil companies once briefly entered mining, produced useful data, then exited within a decade.