Pan Global Commences 2026 Drill Program at Escacena Project, Spain
PAN GLOBAL COMMENCES 2026 DRILL PROGRAM AT
ESCACENA PROJECT, SPAIN
TSXV: PGZ | OTCQB:
PGZFF
| FRA: 2EU
El Pozo is a large scale, high-confidence VMS target
Soil copper anomaly trends over 1.6 km east-west
Coincident geochemistry and geophysics
Historical mine workings
VANCOUVER, BC
,
Feb. 23, 2026
/CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSX-V: PGZ) (OTCQB:
PGZFF) (FRA: 2EU) is pleased to announce the commencement of drilling at the El Pozo target in the 100%-owned Escacena
Project ("Escacena") located in the Iberian Pyrite Belt in southern Spain. El Pozo is the first target to be tested as part of the 2026
multi-target drill program at Escacena. El Pozo is located less than 3-km north of the Company's La Romana copper-tin-silver
deposit and 2-km along-trend west of the Cañada Honda copper-gold deposit.
Drilling at El Pozo will initially include up to four drillholes testing a large, previously untested target defined by historical mine
workings, coincident copper-zinc soil sample anomalies, strong Induced Polarization (IP), electromagnetic (EM), and gravity
responses. The drilling will test for mineralization extending beneath the historical mine workings associated with the large
geophysics' targets. The historical mine workings include a small shaft, with no information of past production.
"El Pozo is a compelling, large-scale target to initiate the 2026 Escacena drill campaign. The alignment of geophysics and copper
geochemistry, including a soil-copper anomaly trending over 1.6 km east-west and geophysics anomalies extending beneath the
historical mine workings, are strong indicators of a Volcanic Massive Sulphide (VMS) mineralized system, potentially strengthening
at depth," said Tim Moody, President and CEO.
The 2026 drill program aims to grow Pan Global's copper resource base through targeted, high-confidence exploration drilling to
discover new mineralization. Up to 15 untested targets have been identified for follow-up, with drilling also planned at the Cortijo
target at Escacena North and the Trinidad and Carmen targets on the newly awarded Escacena South property. Drilling will also
test for extensions to the La Romana (copper-tin-silver) and Cañada Honda (copper-gold) deposits.
Results will be announced as soon as they are available.
Figure 1 – Escacena Project Gravity Anomaly Targets (CNW Group/Pan Global Resources Inc.)
Figure 2 – El Pozo Target: copper-zinc soil sample anomalies, historical “El Pozo” mine, planned drillholes
and cross-section A-A’ position (Figs. 3 & 4) (CNW Group/Pan Global Resources Inc.)
Figure 3 – Gravity anomaly profile and coincident Heliborne Electro-Magnetic (Heli-EM) anomaly extending below the
historical El Pozo mine workings (CNW Group/Pan Global Resources Inc.)
Figure 4 – Induced Polarization chargeability and resistivity cross-sections (CNW Group/Pan Global Resources Inc.)
About the Escacena Project
The Escacena Project, recently added Escacena South area and new application areas, together comprise a mineral rights land
package covering more than 13,000-hectares controlled 100% by Pan Global in the east of the Iberian Pyrite Belt, Europe's
second-largest copper-producing region. Escacena is located near the operating mine at Riotinto (Atalaya) and is immediately
adjacent to the former Aznalcóllar and Los Frailes mines where Minera Los Frailes (Grupo México) is commencing a new
underground mine development beneath the former Los Frailes open pit mine. The Escacena Project includes Mineral Resource
Estimates at the La Romana copper-tin-silver and Cañada Honda copper-gold deposits, and hosts 15 other prospective targets for
follow-up.
Escacena Project Maiden Mineral Resource Estimates
La Romana
Measured and Indicated
: 32.4 Mt at 0.37% Cu, 270 ppm Sn, 1.7 g/t Ag, 0.44% CuEq (119.5 kt Cu, 8.8 kt Sn, 1.7 Moz Ag)
– at 0.2 % copper cutoff grade, and
Inferred
: 4.0 Mt at 0.40% Cu, 71 ppm Sn, 1.4 g/t Ag; 0.42% CuEq (15.8 kt Cu, 0.3 kt Sn, 0.2 Moz Ag) – at 0.2% copper
cutoff grade.
Cañada Honda
Inferred
: 5.0 Mt at 0.65 g/t Au, 0.14% Cu, 1.2 g/t Ag; 0.74 g/t AuEq (104 koz Au, 6.8 kt Cu, 0.2 Moz Ag) – at 0.25 g/t gold
cutoff grade.
For details and additional technical disclosure, please see the
February 12, 2026
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 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 an area with a long mining history and excellent infrastructure. The Pan Global team comprises
proven talent in exploration, discovery, development, and mine operations. Pan Global Resources is 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.
QA/QC
The soil geochemistry survey results in this announcement include samples collected from the top 20cm from surface (un-sieved,
weighing approx. 1kg) on a 100m x 40m grid over the gravity target area. The samples are collected in plastic bags, and a multi-
element analysis obtained using a Vanta hand-held x-ray fluorescence ("pXRF") device. Analyses are repeated on 1 per 20
samples, and standards inserted to check for deviation.
Samples were prepared at ALS Laboratories in Seville, Spain using method PREP-41, which includes drying at <60
°
C (140
°
F) and
sieving to -180 microns (80 mesh). Prepared samples were then forwarded to the ALS analytical laboratory in Ireland, where all
samples were analysed for gold by 50 g fire assay with ICP-AES finish (method Au-ICP22).
As an additional quality control measure, approximately 10% of the samples were also subjected to check analysis using method
ME-MS41L, involving aqua regia digestion followed by analysis via ICP-MS and ICP-AES. These check assays were used to verify
analytical accuracy and consistency of the primary results.
www.panglobalresources.com
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.
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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
CO: Pan Global Resources Inc.
CNW 07:27e 23-FEB-26