Base Metals

  • Drilling underway at recently identified Romana Deep VMS copper target

  • Romana Deep target features a large heliborne electromagnetic (HEM) anomaly that coincides with the down-dip projection of the near-surface La Romana copper/tin mineralization

  • Drilling continuing at Zarcita copper target

Pan Global Resources Inc. (TSXV: PGZ) (OTC: PGNRF) ("Pan Global" or the "Company") is pleased to announce that drilling has commenced at the Romana Deep volcanogenic massive sulphide ("VMS") target at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain. An initial program of four widely spaced drill holes is planned to provide the first test of the Romana Deep target.

"Romana Deep is a compelling target featuring a large HEM anomaly extending down-dip from Pan Global's La Romana copper discovery," said Tim Moody, Pan Global President and CEO. "Some of the strongest copper mineralization at La Romana exhibits a similar HEM signature and the copper mineralization remains open in the direction of the Romana Deep target. The first of four planned drill holes has commenced at Romana Deep. In addition, drilling continues to the north at the high priority Zarcita target."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5190/144205_783675feb4e37b7b_001.jpg

Figure 1 - Escacena Project gravity anomaly map highlighting the priority targets, including the La Romana copper-tin discovery, Romana Deep and Zarcita target locations where drilling is currently underway.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5190/144205_783675feb4e37b7b_001full.jpg

Romana Deep Target
Further processing and interpretation of the Company's recently completed HEM survey has significantly expanded the previously identified Romana Deep target (see previous news release on September 28, 2022). The Romana Deep target is characterized by a large HEM resistivity low anomaly located down-dip from Pan Global's near-surface La Romana copper discovery (see Figure 1 above). The target is also less than 5 kilometres southwest of the former producing Aznalcollar open pit copper-zinc mine.

The copper-tin mineralization at La Romana also coincides with HEM resistivity low anomalies, providing a further indicator of potential for additional copper mineralization associated with the Romana Deep HEM target. The target extends northwards from La Romana at a depth of approximately 300m and spans more than 1 km east-west. See Figures 2 and 3 below. An initial four drill holes, 150 to 350 meters apart, totalling approximately 2,000 meters are planned to test some of the strongest resistivity low anomalies within the broader target area.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5190/144205_783675feb4e37b7b_002.jpg

Figure 2 - Romana Deep Target: Oblique view looking to the west showing the north-dipping La Romana copper mineralization continuing down-dip towards the Romana Deep HEM target and four planned drill holes, including RDD01 currently in progress. A corridor through the Romana Deep target is shown without EM data due to interference from an overhead electricity power line. A-A' locates the cross section in Figure 3.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/5190/144205_783675feb4e37b7b_002full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5190/144205_783675feb4e37b7b_003.jpg

Figure 3 - La Romana cross-section and Romana Deep target showing drill holes and copper mineralization coincident HEM anomaly at La Romana extending downdip to the north towards the Romana Deep target. Planned hole RDD01 (in-progress) is shown targeting the core of HEM resistivity low anomaly at Romana Deep.

To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/5190/144205_783675feb4e37b7b_003full.jpg

The number of initial planned drill holes at Romana Deep has doubled and will add to the planned 20,000-meter multi-target program outlined in the Company's news release dated September 28, 2022. A multi-hole drill program is continuing at the Zarcita target and drill results are expected to be reported in the coming weeks for the outstanding drill holes at La Romana and other targets at the Escacena Project.

The selected drill results included above are sourced from the Pan Global website - https://www.panglobalresources.com/_files/ugd/eec401_ce630f099b434795a982dff6c4599184.pdf

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. The project is located near operating mines at Las Cruces and Rio Tinto and is immediately adjacent to the former Aznalcollar and Los Frailes mines where Minera Los Frailes/Grupo Mexico is in the permitting stage to restart mining. The Escacena Project hosts the La Romana copper-tin discovery and a number of other prospective targets, including La Jarosa, Hornitos, Zarcita, Romana Deep, Pilar, Bravo and Barbacena.

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, VP 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
www.panglobalresources.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
Tim Moody, President and CEO
tmoody@panglobalresources.com
+44 7766 253145

Jason Mercier, VP Investor Relations and Communications
jason@panglobalresources.com
+1 778-372-7101

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/144205

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PGZ:CA
TSXV:PGZ

Pan Global Resources

Overview

Pan Global Resources (TSXV:PGZ,OTC:PGNRF) is a junior resource company in pursuit of base and precious metals projects in Spain. The company’s flagship Escacena project is located in southern Spain’s Iberian Pyrite Belt, a world-class volcanogenic massive sulfide (VMS) district that hosts at least nine giant VMS ore deposits (>100 million tonnes) and several operating mines.

Pan Global’s land package in the Iberian Pyrite Belt totals approximately 5,760 hectares and lies directly adjacent to the Aznalcollar (>70 million tonnes) and Los Frailes (>90 million tonnes) deposits. The Escacena project is also located only 12 kilometers from the active Cobre Las Cruces mine (42 million tonnes at 2.95% copper) which has been mining grades of more than 5% copper in the open pit. Pan Global is currently focusing on two targets at Escacena, the La Romana massive sulfide copper deposit and the Cañada Honda gravity anomaly. Recent drill results at the La Romana target have returned high multi-metal (copper, tin, silver, zinc) grades from near surface with every hole hitting mineralization indicating the potential for a large size deposit. Escacena’s exceptional land position, great infrastructure and multiple large untested targets make it an exciting prospect for the company.

Pan Global Resources Project Location and Infrastructure Map – Southern Spain

Pan Global has been exploring the Aguilas project since 2017 which comprises more than 16,000 hectares in northern Andalucia, Spain. The Aguilas project contains several major faults and breccia structures with indications of hematite-dominant iron oxide copper-gold (IOCG) and polymetalic lead-zinc-silver mineralization.

Company Highlights

  • Pan Global’s exploration activities are focused in the mining friendly jurisdiction of Andalucia, Spain
  • Flagship Escacena project is located in Spain’s Iberian Pyrite Belt, a world-class VMS district host to at least 9 ore deposits and several operating mines
  • Iberian Pyrite Belt hosts several exploration and mining companies, such as Lundin, Grupo Mexico, First Quantum, Trafigura, Mubadala, Atalaya and juniors including Avrupra Minerals, Ascendant Resources and Emerita Resources
  • Escacena project includes the recent La Romana copper-tin-silver discovery and several other large untested targets
  • Escacena project is located adjacent to the Aznalcollar-Los Frailes mines and only 12 kilometers from the active Cobre Las Cruces mine, one of the highest grade open pit copper mines in the world
    Aguilas project has returned high-grade drill intervals up to 16.85 % lead, 1.9 % zinc and 85 g/t silver
  • Pan Global’s strong management team has a track record of discoveries in Spain and brings decades of resource industry experience and expertise to the company

Key Projects

Pan Global Resources’ Escacena Project

In June 2017, Pan Global Resources acquired the Escacena project. The project hosts two large gravity anomalies, La Romana and Cañada Honda. Historical wide-spaced drilling at the La Romana gravity anomaly confirmed massive sulfide and stockwork mineralization including a best drill interval of 4.68 meters at 2.94 percent copper.

Exploration

Pan Global Resources began its initial exploration of the Escacena project in early 2019, including gravity, induced polarity (IP) and geochemical surveys. The results of this initial exploration work confirmed the La Romana and Cañada Honda gravity targets, allowing the company to move forward with drilling.

Pan Global Resources commenced drilling in July 2019, testing shallow IP targets previously identified at the La Romana and Cañada Honda targets. This included two drill holes at La Romana and one drill hole at Cañada Honda, totaling 547 meters. Channel sampling of the Cañada Honda mine tunnel at the Escacena project returned 26 meters at 0.43 g/t gold and up to 2.91 g/t gold and 0.39 percent copper.

In October 2019, Pan Global announced the results of its first two drill holes at Escacena testing the La Romana target, including discovery drill hole LRD-02 at La Romana with 20.55m at 1.5% copper equivalent. Both drill holes LRD-01 and LRD-02 intersected shallow volcanic-associated copper stockwork, semi-massive and massive sulphides.

Pan Global Resources Escacena Project Area Map (~5760 ha)

Pan Global continued its exploration of Escacena in 2020 including geochemistry and geophysics designed to identify new targets on the property. The second phase of drilling commenced in February and included the first step out drill holes at the La Romana copper target. The new drill holes intersected copper mineralization over wide intervals and showed the mineralization extends from near surface over several hundred meters of strike and shows copper in several layers open in most directions. Pan Global’s own geophysics results and historical geophysics by Exxon indicate a potential for the copper mineralization to continue more than 2 kilometres along strike.

Selected drilling highlights include:

LRD-02: 20.55m at 1.5 percent copper equivalent (1.02 percent copper, 0.11 percent tin, 4.7 g/t silver) from 37.45m, including 7m at 3.43 percent copper equivalent (2.50 percent copper, 0.23 percent tin, 10.1 g/t silver, 0.014 g/t gold, 0.11 percent zinc, 133 ppm cobalt) from 48m.

LRD-03: 21.3m at 1.03 percent copper equivalent (0.73 percent copper, 0.055 percent tin, 4.1 g/t silver) from 47.3m, including 6.6m at 2.05 percent copper equivalent (>1 percent copper) combined thickness.

LRD-05: 21m at 1.55 percent copper equivalent (1.19 percent copper, 0.069 percent tin, 5.8g/t silver) from 16m, including 11m at 2.60 percent copper equivalent (>1 percent copper or 0.5 percent tin) combined thickness.

Drill core at Escacena Project

In August 2020, Pan Global Resources commenced phase three follow-up drill program at La Romana. The 25-hole drill program is designed to test the multi-layer copper potential and significantly expand the mineralization in the area. The program is also expected to test two large down-hole EM conductor plate anomalies and help define vectors to areas of stronger mineralization.

Pan Global Resources extended its holdings at the Escacena project through the acquisition of the rights to the “Al Andalus” property investigation permit and completed the acquisition of the property in early 2020. Al Andalus is located adjacent to the company’s initial holdings at Escacena and includes potential eastern extensions to the company’s La Romana prospect and several large untested gravity anomalies. The property comes to within 600 meters of the edge of the Aznalcollar open pit and also includes both the historical mining areas of the El Pozo and La Zarcita, and the La Jarosa target where a historical drill hole by Exxon in the mid-1980’s returned 9.5 meters at 1.42 percent. Exploration will commence on the Al Andalus property as soon as permitted.

Pan Global Resources’ Aguilas Project

The Aguilas project comprises nine investigation permits covering a total of 16,300 hectares in northern Andalucia, Spain. The main targets on the property are major cross-cutting fault zones in the Pedroches Batholith, including the Torrubia and Zumanjo trends. The project hosts IOCG-style copper mineralization along the Torrubia copper trend, which was drilled by the company in 2019 and confirmed wide zones of breccia over several kilometers of strike length. Drill holes on the Zumajo trend targeted high grade polymetallic (lead, zinc, silver and lesser copper and gold) vein or breccia mineralization. Several shallow historical mine shafts and ancient workings occur along both trends.

Pan Global first began drilling on the Aguilas project in April 2019, and so-far completed 27 wide-spaced drill holes totaling 3,908 meters. This includes thirteen of the holes along 4.1 kilometers of the more than 20 kilometer long Zumajo lead-zinc-silver trend and 14 drill holes along three sections of the more than 10 kilometer long Torrubia trend.

On the Zumajo trend, high-grade polymetallic mineralization was intersected with an 8 to 20- meter-wide, steeply-dipping zone of multi-stage breccia and veins. High-grade intervals included hole VAC-02 with 14.85% lead, 0.11% zinc, 67.1g/t silver (16.91% lead equivalent or 634g/t silver equivalent) over 1.3 meters and hole VAC-06 with up to 16.85 % lead, 1.9 % zinc and 85 g/t silver (22.15 % lead equivalent or 815 g/t silver equivalent) over 0.6 meters. The drill results show potential for a significant zone of high-grade lead, zinc and silver mineralization near the San Luis and San Cayetano mine workings over several kilometers of strike and open at depth. Several other targets along the Zumajo trend require testing.

Drilling conducted at the Torrubia trend included 40 to 90-meter-wide intervals of intense multi-stage breccia and hematite-quartz-carbonate alteration over several kilometers of strike. The best grades at Torrubia included 2.65% copper, 125ppm cobalt and 3 g/t silver (2.76% copper equivalent) over 0.8m and 1.65% copper, 240ppm cobalt and 2.1 g/t silver (2.05% copper equivalent) over 0.7m in drill hole TOR-001; and 3m at 1.16g/t gold from 74m, including 0.8m at 3.48g/t gold and 1.5g/t silver in drill hole TN-06. The breccia includes fragments or casts with high contents of chalcopyrite and hematite indicating an early copper mineralizing stage and further potential both along-strike and at depth.

Management Team

Patrick Evans—Chairman and Director

For over 30 years, Mr. Evans has enjoyed an exemplary career as a mining executive holding multiple senior management positions in the industry. Of note are CEO of Dominion Diamond Mines and Norsemont Mining and Vice President of Placer Dome Inc. He has extensive M&A experience and has helped a number of public mining companies discover and develop base metals, precious metals, and diamond mining projects on four continents. Mr. Evans is a graduate of the University of Cape Town and served as Consul-General of South Africa to Canada.

Andrew Marshall - Chief Financial Officer

Andrew Marshall is a Chartered Accountant and Chartered Financial Analyst with more than 11 years of finance and CFO experience in the mining sector. He has an extensive background in financial and risk management; corporate reporting, ESG management; M&A transactions and working with international jurisdictions. Most recently, he served as Chief Financial Officer at First Mining Gold Corp. and assisted in building the company's gold project portfolio during its initial period of growth in 2015 when it acquired eight companies in just over one year. Prior to this, Andy held finance roles at two Vancouver based TSX/NYSE MKT-listed silver mining companies with operations in Mexico and Canada. Mr. Marshall started his career with PricewaterhouseCoopers LLP in London and moved to Vancouver in 2008.

Tim Moody—Director

Mr. Moody has over 30 years of experience in the mining industry including mineral exploration, resource assessment, business development and strategy. He spent 24 of those years with Rio Tinto, where he held the posts of Exploration Director, Vice President and Director of Business Development. Mr. Moody has a Bachelor of Science in Geology and Geophysics (Honours) from the University of New England. He is a graduate of the Senior Leadership Program from the London Business School, a graduate of the Business Leadership Development Program from the Australian Graduate School of Management and a Fellow of the Society of Economic Geologists.

Directorships: Pan Global Resources, Prism Resources, Indico Resources and Xiana Mining.

Brian Kerzner—Director

Mr. Kerzner has over 25 years of experience as a successful entrepreneur in the retail and real estate industries. He is the founder and President of Rocky Mountain Chocolate Factory Canada Inc. and he established several private companies that have completed extensive residential and commercial developments throughout North America. Mr. Kerzner has been broadly involved in providing seed capital for many successful public and private companies in the resource, environmental, and technology sectors. Mr. Kerzner is a graduate of the University of Toronto Bachelor of Commerce (Honours) program. He is a member of the British Columbia’s Children’s Hospital Circle of Care and is actively involved in many other charitable organizations.

Directorships: Pan Global Resources, Prism Resources Inc and Indico Resources.

Patrick Downey—Director

Mr. Downey brings over 25 years of international experience in the resource industry and he is currently President and CEO of Orezone. His past senior positions include President and CEO of Aura Minerals Inc. and Viceroy Exploration Ltd. before its acquisition by Yamana Gold Inc. in 2006 for $600 million. He also negotiated the successful merger of Consolidated Trillion Resources Ltd and Oliver Gold Corporation that became Canico Resource Corp, which was purchased by CVRD in 2006 for over $800 million. Mr. Downey holds a BSc (Honours) degree in Engineering from Queens University in Belfast, Ireland.

Directorships: Orezone and Pan Global Resources

Bob Parsons—Director

As a Chartered Professional Accountant and partner at PricewaterhouseCoopers, Mr. Parsons spent 34 years heading up the firm’s global mining practice. He has advised governments around the world on mineral policy matters and has served on the boards of the PDAC, Indonesian Mining Association, Canada Indonesia Chamber of Commerce, World Mines Ministries Forum, Canadian Minerals Industry Federation, Advisory Council of the Centre for Resource Studies at Queens University, and the Professional Advisory Board of the Government of Canada’s Petroleum Monitoring Agency. In 2005, the PDAC presented Mr. Parsons with their Distinguished Services Award, and in 2013 the Government of Canada awarded him the Queen Elizabeth II Diamond Jubilee Medal for his contribution to Canada’s mining industry. Mr. Parsons is a graduate of McGill University (B.Com).

Directorships: Pan Global Resources, Kennady Diamonds Inc, Indico Resources Ltd, Prism Resources Inc.

Juan Garcia Valledor - General Manager Spain

Juan Garcia Valledor brings over 27 years project development, open pit mining and operational experience from mine design to mine closure in Spain. This includes previous roles as operations manager at Rio Tinto's talc mining operations, re-opening of the Alquife iron ore open pit mine in Granada and, most recently, as operations manager at W Resources La Parrilla tungsten and tin mine going from development to production. Mr Garcia Valledor was awarded a degree in Mining Engineering (MEng) in 1991, Master's Degree (MBA) in Occupational Risk Prevention in 2005 and Diploma in Business Administration in 2007.

Michael Westcott - Advisor

Michael Westcott is a capital markets professional with wide-ranging experience in senior management, team leadership, institutional sales and mining equity research. Mr. Westcott retired from Raymond James Ltd. in 2021 as Head of Equities following a 25-year career with the firm. Mr. Westcott was awarded a Bachelor of Science, Geology degree in 1988 and a Master's Degree, Mineral Exploration (Minex) in 1991

Pan Global Announces Appointment of Vice President Investor Relations and Communications

Pan Global Announces Appointment of Vice President Investor Relations and Communications

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce the appointment of Jason Mercier as Vice President of Investor Relations and Communications.

Mr. Mercier is an investor and media relations professional with more than 20 years of experience that has been acquired in a range of mining companies, from exploration-stage juniors to a $15 billion market cap producer. Most recently, he was the global investor relations and external communications lead for a base and precious metals producer with mines in Canada, Burkina Faso and Namibia. Mr. Mercier's past communications successes are grounded in a journalism degree and he has significant experience building investor support at the institutional, family office and retail levels. He is based in the Company's Vancouver head office.

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Pan Global Enhances Its ESG Goals Through Acceptance to the United Nations Global Compact Initiative

Pan Global Enhances Its ESG Goals Through Acceptance to the United Nations Global Compact Initiative

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce that it has joined the United Nations Global Compact ("UNGC"), a voluntary commitment to its Ten Principles and broader Sustainable Development Goals. Membership of the UNGC augments Pan Global's approach to Environment, Social and Governance ("ESG") best practice.

Tim Moody, Pan Global President and CEO states: "Pan Global's participation in the United Nations Global Compact provides a clear statement of the ongoing commitment to fulfilling our ESG objectives and operating our business responsibly and sustainably for the benefit of all our stakeholders. Pan Global will join more than 17,000 other companies in 177 countries, including many large and small mining companies, who have chosen to follow these important principles and objectives."

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Pan Global Adds Third Drill Rig and Commences Drilling on Two New Copper Targets at the Escacena Project, Spain

Pan Global Adds Third Drill Rig and Commences Drilling on Two New Copper Targets at the Escacena Project, Spain

  • First drill holes commence at the Zarcita and Bravo Norte VMS copper targets

  • Zarcita copper target expanded and number of planned drill holes increased

  • A third drill rig added to test new copper targets

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce that drilling has commenced at the Zarcita and Bravo Norte volcanogenic massive sulphide ("VMS") targets at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain. This is the first time these two priority targets have been drill tested.

Tim Moody, Pan Global President and CEO, states: "Zarcita is a significant high priority, 2.5 kilometer long target defined by historic mine workings, soil copper geochemistry, host rock alteration and geophysical anomalies indicative of potential for copper mineralization. Bravo Norte is a large coincident gravity and Induced Polarization (IP) anomaly. Zarcita and Bravo Norte are both within 5km of our La Romana copper-tin discovery and the neighbouring historic Aznalcollar open pit mine. We are very pleased that drilling is now underway at these compelling targets. A third drill rig has also been added and we expect the ongoing systematic exploration will continue to generate more drill targets. Results are also anticipated in the next few weeks from the initial drilling at the La Jarosa, Hornitos and Pilar targets."

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Pan Global Adds Third Drill Rig and Commences Drilling on Two New Copper Targets at the Escacena Project, Spain

Pan Global Adds Third Drill Rig and Commences Drilling on Two New Copper Targets at the Escacena Project, Spain

  • First drill holes commence at the Zarcita and Bravo Norte VMS copper targets

  • Zarcita copper target expanded and number of planned drill holes increased

  • A third drill rig added to test new copper targets

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to announce that drilling has commenced at the Zarcita and Bravo Norte volcanogenic massive sulphide ("VMS") targets at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain. This is the first time these two priority targets have been drill tested.

Tim Moody, Pan Global President and CEO, states: "Zarcita is a significant high priority, 2.5 kilometer long target defined by historic mine workings, soil copper geochemistry, host rock alteration and geophysical anomalies indicative of potential for copper mineralization. Bravo Norte is a large coincident gravity and Induced Polarization (IP) anomaly. Zarcita and Bravo Norte are both within 5km of our La Romana copper-tin discovery and the neighbouring historic Aznalcollar open pit mine. We are very pleased that drilling is now underway at these compelling targets. A third drill rig has also been added and we expect the ongoing systematic exploration will continue to generate more drill targets. Results are also anticipated in the next few weeks from the initial drilling at the La Jarosa, Hornitos and Pilar targets."

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Pan Global Reports Multiple High-Grade Polymetallic Drill Intercepts at the Aguilas Project, Spain

Pan Global Reports Multiple High-Grade Polymetallic Drill Intercepts at the Aguilas Project, Spain

7.3% LEAD+ZINC AND 9.1 G/T SILVER OVER 5.25 METERS
37.6% LEAD+ZINC AND 6.8 G/T SILVER OVER 0.55 METERS

Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ("Pan Global" or the "Company") is pleased to report results for ten new drill holes on the 25-kilometer long Zumajo faultbreccia zone and historical mine trend at the Company's 100%-owned Aguilas Project in the Cordoba Province, southern Spain.

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Voltage Metals Corp Corporate Update

Voltage Metals Corp Corporate Update

Voltage Metals Corp. (CSE: VOLT) (OTC: VLTMF) (FSE: 8L10); (the "Company" or "Voltage"), is pleased to provide this corporate update to its shareholders.

Voltage Metals Corp. (CNW Group/Voltage Metals Corp.)

Voltage has made progress on several fronts during the second half of 2022, as detailed below:

  • Completed 2,457 metre diamond drill program at the Company's St Laurent Project in northeastern Ontario . All assays from this drill program have now been received from the lab and the Company will provide a news release on the St Laurent program in coming days.
  • Entered into a definitive option and joint venture agreement with Mink Ventures (TSX-V: MINK) whereby MINK may acquire an 80% interest in Voltage's 100% owned Montcalm nickel-copper-cobalt project, located 60km northwest of Timmins Ontario . The Montcalm Project covers 38.8 sq. km and is located adjacent to Glencore's past producing Montcalm Mine, which had historical production of approximately 3.9 million tonnes grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2011). See VOLT news release of August 11, 2022 for terms of the definitive agreement. Separate from the ground optioned to MINK, Voltage still controls over 60 square kilometres of prospective gabbro in the Montcalm camp area.
  • Completed 285 line-kilometre airborne VTEM at the Company's Jerry Lake project, located approximately 50km to the west of the Company's St Laurent Project. Voltage will report on the geophysical results of this survey when the requisite compilation and interpretation is concluded.
  • Listed successfully to the U.S. OTCQB market, (OTC: VLTMF), with DTC eligibility. Also listed on Germany's Frankfurt Exchange (FSE: 8L10)

In addition to the above, Voltage continues to review new projects and strategic opportunities which will enhance shareholder value, and looks forward to frequently updating the market throughout the remainder of 2022 and into 2023.

Property Acquisition:

The Company has acquired forty (40) mining claims known as the Strachan Property located in Strachan Township, Cochrane District in the Province of Ontario . These claims augment the Montcalm Gabbro complex projects already held within Voltage. Strachan is considered highly prospective and has seen no recent airborne geophysics or state of the art VTEM, which Voltage intends to deploy as a next step. Gabbro complexes like Montcalm and Strachan represent attractive nickel-copper targets, in light of the nickel rush underway in and around Timmins since mid 2020.

Pursuant to the terms of the purchase agreement with the vendor, the Company has: (i) issued 900,000 common shares to the vendor, and (ii) granted to the vendor a 1.5% net smelter royalty (NSR), which the Company shall have the right at any time, at its sole option, to acquire 1% of the NSR from the vendor for the sum of $1,000,000 .

Voltage is a mineral exploration company with a highly experienced team focused on nickel and other battery metals exploration in the Canadian provinces of Ontario and Newfoundland . The Company looks to create shareholder value by aggregating and exploring projects that possess sound geology and brand-new discovery potential. Voltage has a deep roster among management and key stakeholders that are well-versed in the essential resource trifecta of exploration, operations and finance.

Forward Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by management. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information. There can be no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward- looking information for anything other than its intended purpose. Management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Voltage Metals Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2022/28/c6209.html

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Noble Mineral: Exploration Update - Geophysical Crews Mobilized to Kidd Creek Project, Timmins, Ontario

Noble Mineral: Exploration Update - Geophysical Crews Mobilized to Kidd Creek Project, Timmins, Ontario

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - November 28, 2022 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to report on progress on a number of its active projects.

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Renforth Intersects Surface Battery Metals Mineralization in Lalonde Channeling

Renforth Intersects Surface Battery Metals Mineralization in Lalonde Channeling

(TheNewswire)

Renforth Resources Inc.

November 27 th 2022 TheNewswire Pickering, ON - Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") is pleased to advise shareholders that channels cut within the 3 stripped trenches at Lalonde, which are being undercut in the current drill program, did intersect surface battery metals mineralization as measured in the field and confirmed by the assay laboratory.

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Inomin Expands Beaver-Lynx Critical Minerals Project

Inomin Expands Beaver-Lynx Critical Minerals Project

Scoping Test Work Underway

Inomin Mines Inc. (TSXV: MINE), ("Inomin", "MINE" or the "Company") reports it has staked 1,516 hectares of mineral claims to enlarge the Company's Beaver-Lynx critical minerals project to 22,436 hectares. The new claims were acquired to cover prospective magnetic targets identified by airborne surveys.

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Avrupa Minerals Live

Avrupa Minerals Live

(TheNewswire)

Avrupa Minerals Ltd.

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Power Nickel Extends High-Grade Nickel Mineralization at Nisk

Power Nickel Extends High-Grade Nickel Mineralization at Nisk

1.17% Ni, 0.80% Cu, 0.08% Co, 1.46 ppm Pd and 0.23 ppm Pt over 25.86m in PN-22-009

Including 11.00m @ 1.50% Ni, 0.93% Cu, 0.10% Co, 1.85 ppm Pd and 0.36 ppm Pt

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