Pan Global Resources Inc., a mineral exploration company with operations in Spain’s Iberian Pyrite Belt, has announced a major expansion in the soil geochemistry anomaly at its high-priority Bravo target, located within the company’s 100%-owned Escacena Project. Recent survey results indicate that the area of lead-zinc (Pb-Zn) anomalies has doubled in size, now covering an area of 1.7 km by 1.0 km. This development significantly enhances the potential of the Bravo target as a site for concealed volcanogenic massive sulphide (VMS) mineralisation, which is a key focus of Pan Global’s exploration efforts.
The expanded anomaly coincides with a robust 2.0 km by 1.5 km gravity anomaly, reinforcing the likelihood of substantial mineral deposits beneath the surface. This promising intersection of anomalies is seen as a strong indicator of potential underlying sulphide mineralisation, similar to the companies nearby La Romana copper-tin-silver discovery.
Tim Moody, Pan Global’s President and CEO, highlighted the significance of these findings: “The new soil geochemistry and gravity survey results bolster our belief that the Bravo target could be concealing substantial VMS mineralisation beneath shallow cover. The fact that the lead and zinc anomalies have doubled in size, coupled with a large coincident gravity anomaly, is highly encouraging. This further supports our view that Bravo may be hiding a major mineral deposit.”
Moody also noted that the expanded survey has prompted additional soil geochemistry sampling, aimed at investigating the area between the Bravo target and the La Romana discovery, which lies 1.5 km to the west. “Our next steps involve detailed modelling of the gravity data and conducting further geophysical surveys. These will guide the prioritisation of drill hole locations for the maiden Bravo drill campaign.”
Detailed Survey Findings
A comprehensive soil geochemistry survey at the Bravo target involved the collection of 1,188 soil samples, including 57 duplicates. These samples were spaced at 40-meter intervals along lines 100 meters apart and analysed using a handheld x-ray fluorescence (pXRF) device. The results confirmed a substantial Pb-Zn soil anomaly, with samples showing combined lead and zinc values ranging from 300 ppm to 1,252 ppm, including individual readings of up to 1,115 ppm for lead and 886 ppm for zinc.
To verify the accuracy of the pXRF results, 67 soil samples from two lines over the Bravo target were also sent for multi-element geochemical analysis at ALS laboratory. The laboratory assays confirmed a strong correlation with the pXRF results and revealed additional anomalous silver (Ag) values of up to 5.2 g/t, which were not detected by the pXRF device. These silver anomalies further coincide with the Pb-Zn and gravity anomalies, adding another layer of potential to the Bravo target.
The initial ground gravity survey at Bravo was conducted using data from 788 stations, with grid spacing of 100m x 100m and 100m x 50m over the main target area. The survey confirmed a strong gravity anomaly exceeding 1.2 mGal, with surface dimensions of approximately 2.0 km by 1.5 km. This anomaly is considered a key indicator of potential subsurface mineralisation.
Next Steps in Exploration
With the expanded anomaly now identified, Pan Global is moving forward with detailed modelling of the gravity data. The company also plans to conduct induced polarisation (IP) and electromagnetic (EM) surveys over the peaks of the gravity and geochemistry anomalies to obtain additional three-dimensional information. This data will be crucial in determining the most promising locations for the forthcoming drill campaign at Bravo.
The Bravo target is strategically located on-trend between Pan Global’s La Romana copper-tin-silver discovery and Grupo México’s Aznalcóllar and Los Frailes deposits, both significant VMS deposits in the region. Despite being covered by post-mineral rocks and sediments, Bravo has never been drilled tested, making it a high-priority target for Pan Global’s exploration efforts.
As Pan Global continues its exploration program at the Bravo target, the company remains optimistic about the potential for a significant mineral discovery, building on the success of its La Romana project and furthering its commitment to advancing its assets in the Iberian Pyrite Belt.
