Pan Global Commences Exploration at Romana WEST IN the Escacena Project, Southern Spain
355 Burrard Street, Suite 1150, Vancouver, BC, V6C 2G8
Tel: +1 778 372-7101
TSXV: PGZ OTCQB: PGZFF MAY 17, 2023
PAN GLOBAL COMMENCES EXPLORATION AT ROMANA
WEST IN THE ESCACENA PROJECT, SOUTHERN SPAIN
• Detailed IP, gravity surveys and geochemical sampling commenced at high
priority Romana West target
• Copper mineralization exposed at surface and nearby historic mine workings
indicates copper mineralization continues and remains open 250m along-strike
west of the La Romana mineralization
• 25-to-30 Romana West drill hole program planned under approved 2023
budget
VANCOUVER, BRITISH COLUMBIA – (May 17, 2023) – Pan Global Resources Inc.
(“Pan Global” or the "Company") (TSX -V: PGZ; OTC QB: PGZFF) is pleased to
announce the commencement of exploration activities at the Romana West target of
the Escacena Project (“Escacena”) in the Iberian Pyrite Belt, southern Spain.
Romana West is a high-priority gravity anomaly on the potential western continuation
of Pan Global's La Romana copper -tin-silver discovery. The gravity anomaly at
Romana West and the coincident historic mine workings indicate potential to extend
the La Romana mineralization a further 800-1,000 meters beyond the 1.2 km of strike
already defined by more than 150 holes drilled to -date. The drilling at La Romana
shows the copper, tin and silver mineralization remains open to the west in the
direction of the Romana West target and is open down-dip.
Since gaining surface access to the 680-hectare area west of La Romana last week,
the Company has accelerated an exploration program over the Romana West target
including detailed gravity and Induced Polarization (IP) surveys, mapping , and
sampling of the historic mine workings. These surveys will help guide the p lanned
diamond drill program. This is the first exploration of this area since the mineral rights
were granted and since the area was last explored in the early 1980s by Exxon. Most
of the area has a thin cover of post-mineral rocks and sediments.
The exploration program at Romana West includes an initial 100m x 50m gravity
survey, a 200m line-spaced dipole-dipole IP survey and soil sample geochemistry .
The geophysics surveys and soil geochemistry will also expand to cover several other
large untested targets at Escacena including Romana North, Barbacena, and El Pozo.
See Figure 1 below.
Specific surveying, geochemical sampling, and mapping of the historic mine workings
at Romana West has also commenced. Initial observations of copper mineralization
exposed in the mine workings and in outcrops nearby suggests the 1.2km copper
mineralized trend at La Ro mana continues at least 250 meters beyond the
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westernmost limit of drilling to date and remains open farther to the west. See Figure
2 below.
An initial 25-to-30 drill hole program is planned at Romana West with drilling to be on
north-south lines 100 meters apart to help delineate the western strike extent and test
continuation of the near -surface La Romana mineralization to 200m down -dip. Site
preparations for the drill program will commence within the next two weeks.
Figure 1 – Map showing La Romana and Romana West target area as well as the
Romana North, Barbacena, and El Pozo targets.
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Figure 2 – Pan Global geologists inspecting copper mineralization exposed at
Romana West, 250m along-strike from the westernmost drill holes at La Romana.
Drilling at the Escacena Project continues with the two planned drill holes at the
Cañada Honda target now complete and core samples sent for chemical analysis. Drill
rigs are completing the final planned holes at the La Romana and Zarcita targets and
will be mobilized to Romana West for the maiden drill campaign. Results pending for
approximately 20 drill holes will be released as soon as they are available.
Pan Global looks forward to updating shareholders as the Romana West exploration
program progresses in the coming weeks.
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 operating mines at Las Cruces and Riotinto and is immediately adjacent
to the form er Aznalcóllar and Los Frailes mines where Minera Los Frailes/Grupo
Mexico is in the final permitting stage with construction anticipated to start in 2023 .
The Escacena Project hosts the La Romana copper-tin-silver discovery and a number
of other prospecti ve targets, including Zarcita, Hornitos, La Jarosa, Romana Deep,
Romana North, Romana West, Cañada Honda, Bravo, Barbacena, El Pozo, and San
Pablo.
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About Pan Global Resources
Pan Global Resources Inc. is actively engaged in base and precious metal exploration
in southern Spain and is pursuing opportunities from exploration through to mine
development. The Company is committed to operating safely and with respect to the
communities and environment where we operate.
Qualified Persons
James Royall, Vice President Exploration for Pan Global Resources and a qualified
person as defined by National Instrument 43 -101, has reviewed the scientific and
technical information for th is news release. Mr. Royall is not independent of the
Company.
On behalf of the Board of Directors
FOR FURTHER INFORMATION PLEASE CONTACT:
Jason Mercier, VP Investor Relations and Communications
+1 778 372-7101
www.panglobalresources.com
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