Latest news with #TimMoody
Cision Canada
03-06-2025
- Business
- Cision Canada
PAN GLOBAL WELCOMES APPROVAL OF GRUPO MEXICO'S ADJACENT LOS FRAILES MINE
Pan Global's Escacena Project strategically located adjacent to Minera Los Fraile s Mine VANCOUVER, BC, June 3, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) today acknowledges the approval by the Government of Andalucia of the restoration plan and exploitation permit for Minera Los Frailes to develop the Los Frailes underground mine adjacent to Pan Global's 100%-owned flagship Escacena Project ("Escacena") in southern Spain. Minera Los Frailes is owned by Grupo México (97.31%), and Magtel (2.69%). Grupo México is the fourth-largest copper producer by volume globally. The granting of the exploitation permit reaffirms Andalucia's status as a Tier-1 global mining jurisdiction. The Los Frailes zinc, copper, lead and silver mining project is expected to generate significant investment and employment in the region. "This milestone for our neighbors at Minera Los Frailes highlights the strength of the permitting environment in Andalucia and underscores the strategic location of our 100%-owned Escacena Project," said Tim Moody, President and CEO of Pan Global. "With our La Romana copper discovery located just west of the planned Los Frailes mine, Pan Global is uniquely positioned to benefit from increased regional investment, infrastructure upgrades, and other synergies. The Los Frailes mine will be a significant new mine development, with an anticipated 20-year mine life, and a plant producing zinc, lead, and copper concentrates." La Romana hosts a near-surface copper-tin-silver deposit with outstanding metallurgy and characteristics favorable to potential open pit development, supporting Pan Global's strategy to advance a significant, low-cost, and sustainable copper project within a Tier-1 mining district. The La Romana deposit remains open for expansion in several areas and significant upside is also represented by the many other targets in the Escacena Project area. A multi-target drill program is continuing at Escacena as drilling is set to resume at the high priority Bravo target after a short pause for the local wheat harvest. The next round of step-out drillholes is being finalized at La Romana, targeting higher-grade extensions of mineralization. Results are also anticipated within the next two weeks from the ongoing drill program in the Cármenes Project in northern Spain where near-surface high-grade gold mineralization has been reported from the Company's first drillhole (see the May 19, 2025 media release). About Pan Global Resources Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment. The Company's second project, at Cármenes, in northern Spain, is also an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact. Forward-looking statements Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SOURCE Pan Global Resources Inc.
Cision Canada
20-05-2025
- Business
- Cision Canada
/R E P E A T -- PAN GLOBAL INTERSECTS 1.08 G/T GOLD OVER 46 METERS FROM NEAR SURFACE IN FIRST DRILLHOLE AT CÁRMENES PROJECT, SPAIN/
Confirms potential for significant new gold discovery at 100%-owned Cármenes Project, northern Spain Potential for additional discoveries in the large Cármenes Project area VANCOUVER, BC, May 19, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce significant near surface gold assay results in the first drillhole completed in the maiden drill campaign at the Company's 100%-owned Cármenes Project ("Cármenes"), northern Spain. The current six-hole drill program is targeting expansion of the breccia-hosted mineralization associated with the historical Providencia copper-cobalt-nickel underground mine workings. The potential for significant gold was highlighted in recent soil, trench and channel sampling results. The Providencia target area had no previous drilling and no past reports of gold mineralization. Drill Highlights: "The first drill results at the Providencia target represent an exceptional start to Pan Global's maiden drill program at Cármenes, confirming discovery of previously unknown near-surface gold mineralization over a wide interval. The results expand the breccia-hosted mineralization south of the historical high-grade copper, cobalt and nickel mine workings at Providencia and is wide open. The new gold zone occurs as a potential halo to the copper-rich mineralization found in the mine workings," said Tim Moody, Pan Global President and CEO. "Multiple targets have been identified from soil geochemistry and mapping in the immediate area around Providencia, including the large untested Profunda target located 1km to the south. This further highlights the potential for additional discoveries in the Cármenes Project." Key points: Current six-hole dill program is Pan Global's maiden drill campaign at the Cármenes Project, and the first-ever drillholes at the Providencia target. First completed drillhole (PVD02) intersected a high-grade interval of 6.27 g/t gold over 4m within a broader interval averaging 1.08 g/t gold over 46m from 24m down-hole. The gold intersection in PVD02 is associated with strong multi-stage hydrothermal breccia within strongly dolomitized/altered limestones, with local trace quantities of sulphides, and favourable very low contents of metals such as arsenic or antimony. Assay results are anticipated within three weeks for completed drillholes (PVD03 and PVD04), with breccia intersected over more than 120m from near-surface in PVD04. Drillhole PVD01 was abandoned before reaching the target after the hole collapsed. Historical underground mine workings at Providencia extracted copper, cobalt and nickel ore from within a "pipe-like" hydrothermal breccia to a depth of 110 meters. The mineralization remained open when mining ceased in the early-1930s. There is no record of gold extraction at Providencia and the new gold zone appears to have been previously unrecognized. The on-going drilling includes three step-out holes up to 120m east of the Providencia mine workings, testing beneath recently reported highly anomalous trench and channel sample results (3.11 g/t Au over 37m, and 1.74 g/t Au over 20m). [See media release from February 11, 2025 ] Large surface target area extending more than 250m x 150m, characterized by coincident strong dolomite-alteration, breccia and strongly anomalous Cu, Au, Ni, Co and Pb geochemistry in soils, trench and channel sample assays. Channel sampling inside the historical mine workings at Providencia is underway to better understand the continuity of the mineralization. Multiple targets identified in the Cármenes Project area highlight the potential for additional discoveries from the ongoing exploration program. Interpretation of a recently completed helicopter electromagnetic, magnetic and radiometric survey over the Cármenes Project is in progress to fast-track identification and prioritization of additional potential drill targets. Pan Global is also pleased to report that drilling has resumed at the Company's flagship Escacena Project in southern Spain following record rainfall in March and April, with the focus on the high-priority Bravo target, expansion of the La Romana copper-tin discovery, and testing of new targets. Table 1 – Providencia Drill Results Summary 1 All intercepts are reported as downhole drill widths. There is insufficient drilling to constrain the geometry to determine true width. Table 2 –Drillhole Collar Information 2 Coordinate system: UTM30N ERTS89 About the Cármenes Project The Cármenes Project is located approx. 55km north of León in northern Spain and comprises five Investigation Permits over 5,653 hectares. The Project area is highly prospective for multiple bodies or "clusters" of carbonate-hosted "pipe-like" breccia style copper, nickel, cobalt, and gold mineralization. The area includes the former Profunda and Providencia mines that last operated in the 1930s, producing concentrates of copper and cobalt with nickel. Numerous other smaller historical mine workings in the area highlight potential for additional breccia pipes. These types of ore deposits can have significant vertical dimensions exceeding 1km. About Pan Global Resources Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment. The Company's second project, at Cármenes, in northern Spain, is also an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact. Qualified Persons Álvaro Merino, Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information for this media release. Mr. Merino is not independent of the Company. QA/QC Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.5 to 2m. Sample intervals were defined using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all times by Company staff. Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch. Samples were delivered to ALS laboratory in Seville, Spain and assayed at the ALS laboratory in Ireland. All samples were crushed and split (method CRU-31, SPL22Y), and pulverized using (method PUL-31). Gold, platinum and palladium analysis was by 50gm fire assay with ICP finish (method Au-ICP-24) and multi element analysis was undertaken using a 4-acid digest with ICP AES finish (method ME-ICP-61). Over grade base metal results were assayed using a 4-acid digest ICP AES (method OG-62). Forward-looking statements Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The Market Online
20-05-2025
- Business
- The Market Online
Pan Global proves potential for large gold discovery in Spain
Pan Global Resources (TSXV:PGZ) yielded significant near-surface gold from its first drillhole (PDV02) on its 5,653-hectare Cármenes project in Spain, backing up recent soil, trench and channel samples Highlights include 46 m at 1.08 grams per ton gold from 24 m down-hole Pan Global explores for copper and gold in mining-friendly Spain guided by a leadership team proven in the areas of exploration, discovery, development and mine operations Pan Global Resources stock has given back 37.50 per cent year-over-year and 45.65 per cent since 2020 Pan Global Resources (TSXV:PGZ) yielded significant near-surface gold from its first drillhole (PDV02) on its 5,653-hectare Cármenes project in Spain, backing up recent soil, trench and channel samples. Highlights include 46 m at 1.08 grams per ton (g/t) gold from 24 m down-hole, including 4 m at 6.27 g/t gold and 0.25 g/t platinum and palladium from 66 m, associated with strong multi-stage hydrothermal breccia. The maiden six-hole program seeks to expand mineralization tied to the historical Providencia copper, cobalt and nickel underground mine. The target area extends for more than 250 m x 150 m, has no previous drilling or reports of gold mineralization, and features samples of strongly anomalous copper, gold, nickel, cobalt and lead. Channel sampling is underway with assay results for drillholes PVD03 and PVD04 expected within three weeks, the latter intersecting breccia over more than 120 m near surface. Management is also studying a recently completed helicopter electromagnetic, magnetic and radiometric survey to identify additional drill targets on the project. Leadership insights 'The first drill results at the Providencia target represent an exceptional start to Pan Global's maiden drill program at Cármenes, confirming discovery of previously unknown near-surface gold mineralization over a wide interval,' Tim Moody, Pan Global Resources' president and chief executive officer, said in a statement. 'The results expand the breccia-hosted mineralization south of the historical high-grade copper, cobalt and nickel mine workings at Providencia and is wide open. The new gold zone occurs as a potential halo to the copper-rich mineralization found in the mine workings.' 'Multiple targets have been identified from soil geochemistry and mapping in the immediate area around Providencia, including the large untested Profunda target located 1 km to the south. This further highlights the potential for additional discoveries in the Cármenes Project,' Moody added. About Pan Global Resources Pan Global explores for copper and gold in mining-friendly Spain guided by a leadership team proven in the areas of exploration, discovery, development and mine operations. Pan Global Resources stock (TSXV:PGZ) last traded at C$0.12. The stock has given back 37.50 per cent year-over-year and 45.65 per cent since 2020. Join the discussion: Find out what everybody's saying about this copper and gold stock on the Pan Global Resources Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Cision Canada
19-05-2025
- Business
- Cision Canada
PAN GLOBAL INTERSECTS 1.08 G/T GOLD OVER 46 METERS FROM NEAR SURFACE IN FIRST DRILLHOLE AT CÁRMENES PROJECT, SPAIN
Confirms potential for significant new gold discovery at 100%-owned Cármenes Project, northern Spain Potential for additional discoveries in the large Cármenes Project area VANCOUVER, BC, May 19, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce significant near surface gold assay results in the first drillhole completed in the maiden drill campaign at the Company's 100%-owned Cármenes Project ("Cármenes"), northern Spain. The current six-hole drill program is targeting expansion of the breccia-hosted mineralization associated with the historical Providencia copper-cobalt-nickel underground mine workings. The potential for significant gold was highlighted in recent soil, trench and channel sampling results. The Providencia target area had no previous drilling and no past reports of gold mineralization. Drill Highlights: "The first drill results at the Providencia target represent an exceptional start to Pan Global's maiden drill program at Cármenes, confirming discovery of previously unknown near-surface gold mineralization over a wide interval. The results expand the breccia-hosted mineralization south of the historical high-grade copper, cobalt and nickel mine workings at Providencia and is wide open. The new gold zone occurs as a potential halo to the copper-rich mineralization found in the mine workings," said Tim Moody, Pan Global President and CEO. "Multiple targets have been identified from soil geochemistry and mapping in the immediate area around Providencia, including the large untested Profunda target located 1km to the south. This further highlights the potential for additional discoveries in the Cármenes Project." Key points: Current six-hole dill program is Pan Global's maiden drill campaign at the Cármenes Project, and the first-ever drillholes at the Providencia target. First completed drillhole (PVD02) intersected a high-grade interval of 6.27 g/t gold over 4m within a broader interval averaging 1.08 g/t gold over 46m from 24m down-hole. The gold intersection in PVD02 is associated with strong multi-stage hydrothermal breccia within strongly dolomitized/altered limestones, with local trace quantities of sulphides, and favourable very low contents of metals such as arsenic or antimony. Assay results are anticipated within three weeks for completed drillholes (PVD03 and PVD04), with breccia intersected over more than 120m from near-surface in PVD04. Drillhole PVD01 was abandoned before reaching the target after the hole collapsed. Historical underground mine workings at Providencia extracted copper, cobalt and nickel ore from within a "pipe-like" hydrothermal breccia to a depth of 110 meters. The mineralization remained open when mining ceased in the early-1930s. There is no record of gold extraction at Providencia and the new gold zone appears to have been previously unrecognized. The on-going drilling includes three step-out holes up to 120m east of the Providencia mine workings, testing beneath recently reported highly anomalous trench and channel sample results (3.11 g/t Au over 37m, and 1.74 g/t Au over 20m). [See media release from February 11, 2025 ] Large surface target area extending more than 250m x 150m, characterized by coincident strong dolomite-alteration, breccia and strongly anomalous Cu, Au, Ni, Co and Pb geochemistry in soils, trench and channel sample assays. Channel sampling inside the historical mine workings at Providencia is underway to better understand the continuity of the mineralization. Multiple targets identified in the Cármenes Project area highlight the potential for additional discoveries from the ongoing exploration program. Interpretation of a recently completed helicopter electromagnetic, magnetic and radiometric survey over the Cármenes Project is in progress to fast-track identification and prioritization of additional potential drill targets. Pan Global is also pleased to report that drilling has resumed at the Company's flagship Escacena Project in southern Spain following record rainfall in March and April, with the focus on the high-priority Bravo target, expansion of the La Romana copper-tin discovery, and testing of new targets. Table 1 – Providencia Drill Results Summary 1 All intercepts are reported as downhole drill widths. There is insufficient drilling to constrain the geometry to determine true width. Table 2 –Drillhole Collar Information 2 Coordinate system: UTM30N ERTS89 About the Cármenes Project The Cármenes Project is located approx. 55km north of León in northern Spain and comprises five Investigation Permits over 5,653 hectares. The Project area is highly prospective for multiple bodies or "clusters" of carbonate-hosted "pipe-like" breccia style copper, nickel, cobalt, and gold mineralization. The area includes the former Profunda and Providencia mines that last operated in the 1930s, producing concentrates of copper and cobalt with nickel. Numerous other smaller historical mine workings in the area highlight potential for additional breccia pipes. These types of ore deposits can have significant vertical dimensions exceeding 1km. About Pan Global Resources Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment. The Company's second project, at Cármenes, in northern Spain, is also an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact. Qualified Persons Álvaro Merino, Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information for this media release. Mr. Merino is not independent of the Company. QA/QC Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.5 to 2m. Sample intervals were defined using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all times by Company staff. Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch. Samples were delivered to ALS laboratory in Seville, Spain and assayed at the ALS laboratory in Ireland. All samples were crushed and split (method CRU-31, SPL22Y), and pulverized using (method PUL-31). Gold, platinum and palladium analysis was by 50gm fire assay with ICP finish (method Au-ICP-24) and multi element analysis was undertaken using a 4-acid digest with ICP AES finish (method ME-ICP-61). Over grade base metal results were assayed using a 4-acid digest ICP AES (method OG-62). Forward-looking statements Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SOURCE Pan Global Resources Inc.
Cision Canada
12-05-2025
- Business
- Cision Canada
PAN GLOBAL INTERCEPTS 1.5% COPPER OVER 8m AT LA ROMANA TARGET AND DISCOVERS COPPER-TIN-SILVER AT LA PANTOJA TARGET, SOUTHERN SPAIN
TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU Drill results confirm strong VMS-style mineralization at La Romana continues northwest and remains open on strike and at depth, including 1.51% copper, 0.02% tin and 3.6 g/t silver over 8m Initial drilling at La Pantoja target highlights new zone of copper-tin mineralization beneath La Romana, including copper assays up to 5.36% Drilling underway at the Bravo target 1km east of La Romana, and the Providencia target in the Cármenes Project, northern Spain VANCOUVER, BC , May 12, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce positive results for three additional step-out drillholes at the La Romana target ("La Romana"), and three initial drill results at the La Pantoja target ("La Pantoja") west of La Romana, in the Company's 100%-owned Escacena Project ("Escacena") in the Iberian Pyrite Belt, southern Spain . La Romana drill highlights Continue Reading Drillhole LRD186 – northwest step out, open at depth 8.0m at 1.57% CuEq 1 (1.51% Cu, 0.02% Sn, 3.6 g/t Ag) from 123m, including 3.0m at 3.35% CuEq 1 (3.20% Cu, 0.04% Sn, 7.8 g/t Ag) – northwest step out, open at depth Drillhole LRD184 – near-surface, up-dip extension 16.0m at 0.65% CuEq 1 (0.53% Cu, 0.04% Sn, 2.2 g/t Ag) from 44m , including 8.0m at 1.08% CuEq 1 (0.92% Cu, 0.05% Sn, 3.8 g/t Ag) 3.0m at 2.06% CuEq 1 (1.88% Cu, 0.05% Sn, 8.5 g/t Ag) 2.0m at 1.16% CuEq 1 (1.12% Cu, <0.01% Sn, 3.0 g/t Ag) from 138m – near-surface, up-dip extension Drillhole LRD185 – down-dip extension, open at depth 5.0m at 0.66% CuEq 1 (0.63% Cu, 0.01% Sn, 2.0 g/t Ag) from 133m, and 9.0m at 0.69% CuEq 1 (0.55% Cu, 0.05% Sn, 1.7 g/t Ag) from 180m , including 3m at 1.13% CuEq 1 (0.91% Cu, 0.08% Sn, 2.6 g/t Ag) – down-dip extension, open at depth La Pantoja drill highlights Drillhole LPD01 1.35m at 1.83% CuEq 1 (1.80% Cu, <0.01% Sn, 3.5 g/t Ag) from 76.75m , and 3.0m at 1.70 % CuEq 1 (1.53% Cu, 0.05% Sn, 3.9 g/t Ag) from 97m Wide tin anomalous zone, 22.0m at 0.05% Sn from 116m , including Drillhole LPD03 1.0m at 5.42% CuEq 1 (5.36% Cu, <0.01% Sn, 8.7 g/t Ag) from 117m "The first results from the 2025 multi-target Escacena drill program confirm that the higher-grade copper-tin corridor at La Romana remains open to the northwest with the mineralized trend now extending over 1.7km east-west. New downhole electro-magnetic geophysics (DHEM) indicates excellent potential to expand the higher-grade zone at depth at La Romana. We are also pleased to report that a similar style of mineralization has been intersected in the maiden drill program at the La Pantoja target to the west of La Romana," said Tim Moody , Pan Global President and CEO. "The early results at La Pantoja confirm a new zone of copper-tin mineralization stratigraphically beneath La Romana, providing further confirmation of the potential for additional discoveries at the Escacena Project. La Pantoja is a large-scale target with compelling geophysical indicators of stronger mineralization at depth. We look forward to advancing this target with further drilling." Drilling continues at the flagship Escacena Project in southern Spain , with the focus on the high-priority Bravo target east of La Romana where wet weather initially hampered access, and at the Providencia target in the Cármenes Project in northern Spain . Additional drill results will be announced over the coming weeks. Key points about the new results: La Romana Step-out drilling was focused on testing the western extent of the near-surface higher-grade copper mineralization Drillhole LRD186 with 8.0m at 1.5% Cu confirms the continuity of the La Romana target extending the higher-grade zone 50m , and remains wide-open at depth to the northwest with at 1.5% Cu confirms the continuity of the La Romana target extending the higher-grade zone , and remains wide-open at depth to the northwest Excellent potential to extend the higher-grade zone coincident with an untested downhole electro-magnetic anomaly ( 190m x 70m ) projecting down-dip from drillhole LRD186 x ) projecting down-dip from drillhole Two additional wide-spaced step-out drillholes ( LRD 187 and LRD188 ) indicate the mineralized trend at La Romana extends a further 300m to the west, with more than a 1.7 km strike-length overall and ) indicate the mineralized trend at La Romana extends a further to the west, with more than a 1.7 km strike-length overall Assay results are pending for two westernmost drillholes at La Romana ( LRD187 and LRD188 ), and DHEM is in-progress in hole LRD188 and ), and DHEM is in-progress in hole Additional step-out drillholes are planned, aiming to add to a maiden resource La Pantoja Large geophysical target located west of La Romana, with a 500m NW-SE orientation, and extending to over 600m depth NW-SE orientation, and extending to over depth Geophysical indicators (Heliborne-EM and IP) at La Pantoja are analogous to those at La Romana with coincident copper-tin-silver mineralization Initial drilling in the upper part of the target confirms copper-tin mineralization and extensive related mineral alteration at stratigraphic levels beneath La Romana Heliborne EM and new DHEM survey results suggest stronger mineralization exists laterally and at depth Results suggest additional untested mineral potential beneath La Romana, at depths below current drilling Table 1 –Selected Drill Results from La Romana ( LRD184 to LRD186 ) and La Pantoja (LPD01 to LPD03) Drillhole From To Interval CuEq 1 Cu Sn Ag Pb Zn True Thickness m m m % % % g/t ppm ppm (m) LRD184 44.00 60.00 16.00 0.65 0.53 0.04 2.2 16 87 15.2 including 52.00 60.00 8.00 1.08 0.92 0.05 3.8 28 114 7.6 including 57.00 60.00 3.00 2.06 1.88 0.05 8.5 67 183 2.9 and 138.00 140.00 2.00 1.16 1.12 <0.01 3.0 47 107 1.9 LRD185 133.00 138.00 5.00 0.66 0.63 0.01 2.0 155 409 2.1 including 133.00 134.00 1.00 1.38 1.31 0.02 4.5 255 1190 0.7 and 180.00 189.00 9.00 0.69 0.55 0.05 1.7 14 73 6.3 including 186.00 189.00 3.00 1.13 0.91 0.08 2.6 30 101 2.1 LRD186 123.00 131.00 8.00 1.57 1.51 0.02 3.6 11 93 7.8 including 127.00 130.00 3.00 3.35 3.20 0.04 7.8 21 125 2.9 including 129.00 130.00 1.00 7.00 6.73 0.07 14.6 29 207 1.0 and 165.00 166.00 1.00 1.19 1.10 0.03 1.7 17 80 1.0 and 183.00 185.00 2.00 0.69 0.64 0.02 1.0 34 166 2.0 and 224.00 225.00 1.00 0.63 0.60 <0.01 3.5 38 72 1.0 LPD01 41.00 42.00 1.00 0.93 0.79 0.05 2.0 19 83 0.8 and 53.00 54.00 1.00 0.56 0.46 0.04 0.7 6 49 0.8 and 76.75 78.10 1.35 1.83 1.80 <0.01 3.5 34 138 1.1 and 97.00 100.00 3.00 1.70 1.53 0.05 3.9 31 118 2.5 including 98.00 99.00 1.00 2.79 2.5 0.10 7.0 58 168 0.8 and 121.00 143.00 22.00 0.17 0.02 0.05 0.3 6 49 17.9 including 137.00 143,00 6.00 0.33 0.02 0.11 0.3 8 48 4.9 LPD02 81.00 95.00 14.00 0.16 0.14 0.01 <0.1 11 117 11.9 LPD03 117.00 118.00 1.00 5.42 5.36 <0.01 8.7 36 145 0.9 1 Copper Equivalent = CuEq. CuEq is calculated using Cu, Sn, and Ag grades. Metallurgical recoveries include 86% for Cu, 68% for Sn and 56% for Ag, based on preliminary studies performed by Wardell Armstrong International and MinePro. The CuEq calculation uses US$ 8,693/tonne Cu, US$ 29,069/tonne Sn and US$ 23.72/oz Ag, corresponding to the three-year monthly price averages to July 2023. The effective formula is [CuEq %] = [Cu %] + 2.6440 * [Sn %] + 0.0057 * [Ag ppm] Table 2 – Drillhole Collar Information Hole ID Easting 2 Northing 2 Azimuth (°) Dip (°) Length (m) LRD184 735892 4152780 180 -60 152.40 LRD185 735907 4152848 0 -90 240.00 LRD186 735819 4152936 220 -50 229.50 LPD01 735553 4152918 190 -75 359.00 LPD02 735400 4152930 180 -70 239.25 LPD03 735581 4152965 180 -70 337.25 2 Coordinate system: UTM29N ERTS89 About the Escacena Project The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. Escacena is located near the operating mine at Riotinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines where Minera Los Frailes (Grupo México) is in the final permitting stage for mine development. The Escacena Project hosts Pan Global's La Romana and La Pantoja copper-tin-silver discoveries and the Cañada Honda copper-gold discovery. Escacena hosts a number of other prospective targets, including Bravo, Barbacena, El Pozo, Romana Norte , San Pablo, Zarcita, Hornitos, La Jarosa, Romana Deep , and Cortijo. About Pan Global Resources Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain , where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment. The Company's second project, at Cármenes, in northern Spain , is also an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact. Qualified Persons Álvaro Merino, Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information for this media release. Mr. Merino is not independent of the Company. QA/QC Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.5 to 2m . Sample intervals were defined using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all times by Company staff. Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch. Samples were delivered to ALS laboratory in Seville, Spain and assayed at the ALS laboratory in Ireland . All samples were crushed and split (method CRU-31, SPL22Y), and pulverized using (method PUL-31). Gold analysis was by 50gm fire assay with ICP finish (method Au-ICP22) and multi element analysis was undertaken using a 4-acid digest with ICP AES finish (method ME-ICP61). Over grade base metal results were assayed using a 4-acid digest ICP AES (method OG-62). Forward-looking statements Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SOURCE Pan Global Resources Inc. FOR MORE INFORMATION PLEASE CONTACT: Jason Mercier, VP Investor Relations and Communications, [email protected] / [email protected], Tel: +1-236-886-9518
