Pan Global Advances Drill Programs at Escacena and Cármenes Projects, Spain
PAN GLOBAL ADVANCES DRILL PROGRAMS AT ESCACENA
AND CÁRMENES PROJECTS, SPAIN
TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU
Multi-target drill program in progress at Escacena, testing VMS-associated copper, tin, silver, gold targets
Drill program in progress at Cármenes includes testing for high-grade gold and copper-nickel-cobalt at the Providencia
target
La Romana step-out drilling for high-grade mineralization extensions to add to maiden Mineral Resource Estimate (MRE) in
2025
VANCOUVER, BC
,
July 30, 2025
/CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF)
(FRA: 2EU) is pleased to provide updates on its concurrent drill programs at the Company's 100%-owned flagship Escacena Project
("Escacena") in southern
Spain
and Cármenes Project ("Cármenes") in northern
Spain
.
"The 2025 drill programs at the Escacena and Cármenes Projects are testing a compelling suite of high-priority targets, highlighting
excellent potential for additional new discoveries of significant mineralization," said
Tim Moody
, Pan Global's President and CEO.
"Simultaneously, the team is advancing the plans for the La Romana copper-tin-silver deposit's maiden Resource due for delivery before
year-end, and the step-out drill program is targeting wider zones of higher-grade mineralization for inclusion in the maiden Resource. We
look forward to providing updates as results are available."
A total of 20 drillholes have been completed at Escacena and Cármenes as part of the 7,000-meter 2025 drill program, testing multiple
targets.
Escacena
Eight additional wide-spaced step-out drillholes are planned at
La Romana
to test extensions of the high-grade mineralization ahead of
the maiden Mineral Resource Estimate. Recent drill results have extended the surface strike-length of the mineralization to 1.7km, and
it remains open in several areas
Five drillholes have recently been completed at the
Bravo
target, with three additional drillholes planned for this phase of the drill
program. Drilling to-date has intersected encouraging alteration and sulphide mineralization. Results to be reported on completion of
the planned drilling
Drilling currently testing a strong IP chargeability anomaly on three parallel IP lines, extending over 400 meters east-west, in the south
of
Bravo
and 1 km east of the La Romana copper-tin-silver deposit (see Figure 1)
Drilling will also test the
Hornitos
and
Plomillos
targets, testing coincident soil Pb-Zn and strong co-incident geophysics anomalies (IP,
heliborne EM, and magnetics)
Information obtained from the ongoing drill programs is being used to revise the geophysics interpretation to identify additional
potential mineralization for follow-up drilling, including the
La Pantoja
target where recent drilling confirmed high grade copper and tin
mineralization, including 1.53% Cu, 0.05% Sn, 3.9 g/t Ag over
3m
in drillhole LPD01 and 5.36% Cu, 8.7 g/t Ag over
1m
in drillhole
LPD03 (see media release on
May 12, 2025
)
Cármenes
Three of six planned drillholes at the
Providencia
target have been completed
Results highlight wide breccia intercepts over more than
100m
width, and gold mineralization from near surface in every drillhole to date
(see media releases on
May 19, 2025
and
June 18, 2025
), including
1.08 g/t over
46m
in drillhole PVD02, including 6.27 g/t Au over
4m
0.37 g/t Au over
56m
in drillhole PVD03, including 2.19 g/t Au over
4m
, 1.05 g/t Au over
10m
and 1.22 g/t Au over
4m
0.23 g/t Au over
110m
in PVD04, including 0.59 g/t Au, 1.05% Cu, 0.22% Co, 0.22% Ni over
4m
, and 0.51 g/t Au over
14m
Drilling currently testing an area of breccia with gold identified in soil, trench, and channel sampling immediately east and outside of the
historical Providencia mine works (see Figures 2 and 3)
Detailed mapping and surface geochemistry sampling planned ahead of drilling at the
Profunda
target, 1km south of Providencia
Target selection and prioritization also in progress following interpretation of the recent helicopter electromagnetic, magnetic, and
radiometric survey over Cármenes, with more than 30 new targets identified
Pan Global is also advancing the selection process for a consultant to deliver a NI 43-101-compliant Technical Report, including a maiden
Mineral Resource Estimate for the La Romana copper-tin-silver deposit at the Company's flagship Escacena Project located within 40km of
three existing mining operations/developments and processing plants on the Iberian Pyrite Belt.
Figure 1 – Gravity anomaly map showing La Romana and the Bravo target, and Bravo drillhole locations (CNW Group/Pan Global
Resources Inc.)
*
Drillholes BR03 and BR03a abandoned
Figure 2 – Providencia planned drillhole in the Gallery 1 area east of the historical mine workings (drillhole in-progress) (CNW Group/Pan
Global Resources Inc.)
Figure 3 – Providencia planned drillhole in Trench 3 area (CNW Group/Pan Global Resources Inc.)
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 the Cármenes Project
The Cármenes Project is located approx. 55km north of León in northern
Spain
in the same geologic belt as Orvana's Orovalle copper-gold
mining operation and the Salamon gold deposit and comprises five 100%-owned 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.
To learn more about Pan Global Resources, please visit the Company's Curation Connect showcase and explore AI-generated
responses to your enquiries at
https://app.curationconnect.com/company/Pan-Global-Resources-44037?utm_source=pg_mediareleases
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.
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.
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For further information:
FOR MORE INFORMATION PLEASE CONTACT: Jason Mercier, VP Investor Relations and Communications,
[email protected] / [email protected], Tel: +1-236-886-9518, www.panglobalresources.com
CO: Pan Global Resources Inc.
CNW 07:25e 30-JUL-25