Pan Global Resources Inc. is actively engaged in precious and base metal exploration in Spain, and is pursuing opportunities from exploration through to mine development.
The company entered an agreement with Minera Águila S.L. to explore a potential new iron-oxide copper district and more generally with the opportunities in Spain. The primary objective is to test a major structure characterized by high-level multi-phase quartzhematite breccia with copper indications and small mine workings. There has been no exploration on the lead-silver mine trend for several decades. Minera Águila S.L. has made good progress with the Spanish authorities to advance the mineral rights applications and has an experienced team to take the project forward.” Minera Águila S.L. Minera Águila has applied for three exploration licenses in Central-Southern Spain comprising a total area of approximately 11,302 hectares, with the target being high grade copper, silver and lead mineralization along major structures.
Extensive hematite-quartz breccia with copper mineralization occurs in the target area with many characteristics in common with the giant Olympic Dam copper deposit in Australia. The area also contains several abandoned mine shafts that produced lead and silver from high grade veins up to the mid-1900’s. There is no reported drilling for copper in the area and the most recent exploration for lead-silver was in the 1980’s. The exploration concession is approximately 50km west of the Linares-La Carolina lead district – Europe’s largest past lead producer.