PAN GLOBAL COMMENCES DRILLING AT ROMANA WEST COPPER-TIN-SILVER TARGET IN THE ESCACENA PROJECT, SPAIN

PAN GLOBAL COMMENCES DRILLING AT ROMANA WEST COPPER-TIN-SILVER TARGET IN THE ESCACENA PROJECT, SPAIN

TSXV: PGZ      OTCQB: PGZFF

Romana West on strike and contiguous to La Romana copper-tin discovery

Initial 25-30 drill hole program underway at Romana West

Drilling in-progress at the Cañada Honda high-grade Cu-Au target

VANCOUVER, BC , June 20, 2023 /PRNewswire/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) is pleased to announce that it has commenced diamond drilling at the Romana West target at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain . New detailed geophysics, geochemistry and geological surveys, along with the location of historical mine workings, highlight the potential to extend the La Romana copper-tin-silver (Cu-Sn-Ag) mineralization for more than 800m to the west at the Romana West target. Drilling also continues at the high priority Cañada Honda target.

"We are excited to have the first drill turning on the high-priority Romana West copper target as exploration in the Escacena Project continues to accelerate. Mineralization at La Romana has already been defined over a strike of over one kilometer and has the potential to expand to more than two kilometers at the contiguous Romana West target. The first 13 drill sites have been positioned as part of an initial 25 to 30 drillhole campaign with the goal of extending the La Romana near-surface Cu-Sn-Ag mineralization. A second drill rig is expected to arrive in approximately three weeks," said Tim Moody , Pan Global's President & CEO.

The Romana West target includes the westward projection of a large gravity anomaly coincident with the La Romana mineralization and potential extension to the near-surface La Romana Cu-Sn-Ag mineralization. Drilling to date at La Romana shows the mineralization extends over approximately 1.2 kilometers of strike and remains wide open to the west in the direction of the historical La Romana mine workings at the Romana West target. The mineralization also remains open down dip in several areas.

The planned drill program at Romana West includes 25 to 30 drill holes (approximately 6,000m ) on north-south lines approximately 100m apart to delineate the western extent of the near-surface La Romana mineralization. Ongoing geophysics and geochemistry surveys will be used to prioritize and refine drill hole locations. Initial planned drill hole locations are shown on Figure 1 below.

After recently securing surface access to the Romana West target, detailed gravity, Induced Polarity (IP), soil geochemistry and geological surveys commenced and is ongoing in the surrounding area. More than 750 gravity data points, 500 soil samples analyzed by portable-XRF (pXRF) and three 200m -to-250m-spaced IP lines have been completed covering the Romana West target. Geological mapping and Lidar surveys are in progress over the historical mine workings.

The new survey results highlight a prominent, 0.6mGal gravity anomaly at Romana West extending for up to 1,000m west of the La Romana drilling. The peak of the Romana West gravity anomaly coincides with the location of the historical mine workings. A pXRF soil-Cu-Sn anomaly and IP chargeability high indicate strong potential to extend the La Romana near-surface Cu-Sn-Ag mineralization in this area.

Additional gravity anomalies have been identified by the new survey to the west and north of Romana West, which require further investigation.

Investigation of the historical mine workings at Romana West has identified several shallow surface pits and tunnels, with secondary copper mineralization evident at surface. The historical mine workings align with the projected strike continuation of the La Romana mineralization.

Drilling is also ongoing at the Cañada Honda target with the second of three follow-up drill holes in-progress.

Assay results are pending for approximately 20 drill holes from Zarcita and La Romana.

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 former 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 prospective targets, including Zarcita, Hornitos, La Jarosa, Romana Deep , Romana North , Romana West, Cañada Honda, Bravo, Barbacena, El Pozo, and San Pablo.

About Pan Global Resources
Pan Global Resources Inc. is actively targeting copper-rich mineral deposits, given copper's compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain , where infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one jurisdiction for mining investment. The Pan Global team comprises proven talent in exploration, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities.

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 this news release. Mr. Royall is not independent of the Company.

On behalf of the Board of Directors

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 news 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 news release is based on information available to the Company as of the date of this news 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.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/pan-global-commences-drilling-at-romana-west-copper-tin-silver-target-in-the-escacena-project-spain-301854786.html

SOURCE Pan Global Resources Inc.

News Provided by PR Newswire via QuoteMedia

PGZ:CA
The Conversation (0)
PAN GLOBAL INTERSECTS 1.04% COPPER OVER 15.9 METERS AT WESTERN EXPANSION OF LA ROMANA COPPER-TIN-SILVER DISCOVERY

PAN GLOBAL INTERSECTS 1.04% COPPER OVER 15.9 METERS AT WESTERN EXPANSION OF LA ROMANA COPPER-TIN-SILVER DISCOVERY

TSXV: PGZ   |   OTCQX: PGZFF

  • Highest grades intersected to-date in the current 25-hole drill program
  • New drilling confirms continuation of high-grade near-surface copper-tin-silver (Cu-Sn-Ag) mineralization
  • Mineralization remains wide open, with grades increasing to the west and down-dip to the north

 Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to announce the intersection of additional high-grade near-surface copper mineralization at the Company's 100% owned Escacena Project in the Iberian Pyrite Belt in southern Spain .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
PAN GLOBAL COMPLETES UPSIZED $6 MILLION PRIVATE PLACEMENT FINANCING

PAN GLOBAL COMPLETES UPSIZED $6 MILLION PRIVATE PLACEMENT FINANCING

/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

TSXV: PGZ   |   OTCQX: PGZFF

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
PAN GLOBAL INCREASES PRIVATE PLACEMENT FINANCING FROM $2 MILLION TO $6 MILLION DUE TO STRONG DEMAND

PAN GLOBAL INCREASES PRIVATE PLACEMENT FINANCING FROM $2 MILLION TO $6 MILLION DUE TO STRONG DEMAND

/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

TSXV: PGZ | OTCQX: PGZFF

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
PAN GLOBAL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

PAN GLOBAL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/

TSXV: PGZ  | OTCQX: PGZFF

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
PAN GLOBAL ANNOUNCES FIRST ESG REPORT

PAN GLOBAL ANNOUNCES FIRST ESG REPORT

TSXV: PGZ  |  OTCQX: PGZFF

 Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to announce completion of the Company's first sustainability assessment report from Digbee ESG ™ ("Digbee"), a leading independent assessment platform for the mining industry.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Angkor Advances Exploration Independently On Andong Bor License, Cambodia

Angkor Advances Exploration Independently On Andong Bor License, Cambodia

(TheNewswire)

GRANDE PRAIRIE, ALBERTA - August 28, 2025 TheNewswire - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces its previous partner, CanBodia Copper Corp. ("CCC") failed to meet its obligations regarding the Andong Bor License.  Following multiple notices to CCC from October 2024 to May 31, 2025, Angkor, through its Cambodian solicitor, filed a Notice of Default with CCC on July 1, 2025, terminating the letter agreement with CCC on the Andong Bor License and declaring the joint relationship null and void.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Bold Ventures Receives Exploration Permits for the Burchell Gold Copper Project and Highlights Ring of Fire News

Bold Ventures Receives Exploration Permits for the Burchell Gold Copper Project and Highlights Ring of Fire News

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the "Company" or "Bold") is pleased to announce that it has received two exploration permits for work at the Burchell Gold Copper Project. The applications were made as a result of recent exploration work in and around the "111 Zone" gold discovery (see Bold News Release dated January 9, 2025) and the strike extension of the Moss Trend on the adjacent Moss Gold Property of Goldshore Resources Inc. to the west (see Bold New Release dated July 21, 2025 and Bold News Release dated August 18, 2025). The Burchell Property is located approximately 100 km west of Thunder Bay, Ontario.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Heritage Mining Provides Exploration and Melba Project Update

Heritage Mining Provides Exploration and Melba Project Update

(TheNewswire)

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Group Eleven Drills 6.2m of 312 g/t Ag and 0.95% Cu, incl. 2.8m of 549 g/t Ag and 1.77% Cu in a 90m Step-Out, Further Supporting Deeper Cu-Ag Target at Ballywire

Group Eleven Drills 6.2m of 312 g/t Ag and 0.95% Cu, incl. 2.8m of 549 g/t Ag and 1.77% Cu in a 90m Step-Out, Further Supporting Deeper Cu-Ag Target at Ballywire

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce the latest three step-out drill holes from the discovery horizon at its Ballywire discovery ("Ballywire") at the 100%-owned PG West Project ("PG West"), Republic of Ireland. Drilling at Ballywire's deeper, Cu-Ag target (100-200m below discovery horizon) is in progress (to be reported as soon as possible).

Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Prismo Metals Discovers Two Separate Mineralized Veins at Silver King

Prismo Metals Discovers Two Separate Mineralized Veins at Silver King

(TheNewswire)

Prismo to Host Webinar on September 3rd

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×