PAN GLOBAL DRILLING EXPANDS MINERALIZATION AT LA ROMANA IN THE ESCACENA PROJECT, SPAIN

TSXV: PGZ | OTCQX: PGZFF

La Romana drilling confirms continuity of the higher-grade tin mineralization in the west and adds high grade copper in the northeast
Romana West drilling intersects additional near-surface copper mineralization with assay results pending for eight drill holes
Elevated tin results continue to contribute to the mineralization profile at increased levels as drilling progresses in the west of La Romana

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to report assay results for 15 drill holes at the La Romana discovery at the Company`s 100% owned Escacena Project in the Iberian Pyrite Belt in southern Spain . La Romana represents a coherent zone of moderately northward-dipping copper-tin-silver mineralization, currently delineated over approximately 1.2 kilometers along strike and from surface to 400m down-dip. A planned 25-hole drill program is ongoing to expand and test the western extensions to the near-surface mineralization at the Romana West target.

Highlights

LRD158 – 5.6m at 1.2% Cu, 3.3g/t Ag from 195.4m , and

1m at 3.6% Cu and 19.4g/t Ag from 109m

LRD154 – 23m at 0.4% Cu, 0.12% Sn, 2g/t Ag from 33m , including

7m at 0.5% Cu, 0.23% Sn and 2.8g/t Ag

LRD147 – 32.25m at 0.4% Cu, 0.05% Sn and 1.3g/t Ag from 114m , including

3.25m at 1.9% Cu, 0.36% Sn and 7.6g/t Ag

LRD146 – 30m at 0.3% Cu, 0.05% Sn and 1.8g/t Ag from 151m , including

8m at 0.6% Cu, 0.11% Sn and 3.4g/t Ag

LRD150 – 10m at 0.6% Cu, 2.1g/t Ag from 83m , including

4m at 1.2% Cu, 4g/t Ag

LRD157 – 0.5m at 5.1% Cu, 24.5g/t Ag from 110m , and 3m at 1.5% Cu, 3.6g/t Ag from 195m

"We are very pleased with these results, which successfully expand the copper and copper-tin-silver mineralization at La Romana and further demonstrates the favourable continuity of the mineralization," said Tim Moody , Pan Global's President & CEO.

"The new step-out drill holes show the mineralization continues to remain open down-dip along the northern extent of the drilling. Infill drill holes in the northeast confirms continuity of high-grade mineralization intersected in previous drilling. Three infill holes, drilled for the ongoing tin metallurgy test program, confirm continuity of the tin mineralization in the west."

"At Romana West, we continue to be encouraged by the visible copper and tin mineralization observed in drill core from initial drill holes at this high-priority target that represents the potential western extension to the La Romana copper-tin-silver mineralization."

"Results are also pending from the recently completed follow-up drill program at the Cañada Honda copper-gold target less than 4km to the north of La Romana."

Drill results are summarized in Table 1 and drill hole collar details are presented in Table 2 below. Drill hole locations are shown in Figure 1.

Step-out drill holes

The step-out drill holes have expanded the northern limits of the La Romana copper and copper-tin-silver mineralization a further 50m to 70m down-dip on several sections, and shows the mineralization remains open at depth. Results include broad zones of copper mineralization and/or bands of high-grade copper mineralization with associated strong chlorite alteration, indicating potential for mineralization to continue at depth. The mineralization also remains open along-strike. Selected highlights include:

LRD146 : 30m at 0.3% Cu, 0.05% Sn and 1.8g/t Ag from 151m , including 8m at 0.6% Cu, 0.11% Sn and 3.4g/t Ag
LRD147 : 32.25m @ 0.4% Cu, 0.05% Sn and 1.3g/t Ag from 112m , including 3.25m at 1.9% Cu, 0.36% Sn and 7.6 g/t Ag
LRD149 : 0.5m at 4.6% Cu and 10.3g/t Ag from 290.8m and 0.5m at 3.1% Cu, 9.7g/t Ag from 341.9m
LRD150 : 4m at 1.2% Cu and 4.0 g/t Ag from 83m , stratigraphically above the main La Romana mineralization
LRD153 : 36.5m at 0.3% Cu and 1.7g/t Ag from 288m

Infill drill holes

The infill drilling included testing an area previously inaccessible due to farm infrastructure and confirmed additional high-grade copper mineralization within a continuous zone extending from near surface to approximately 450m down-dip (see Figure 2 below). Three additional infill drill holes ( LRD152 , LRD154 and LRD159 ) complement a tin metallurgical test program and confirmed continuity of the high-grade tin mineralization in the west. Selected highlights include:

LRD156 : 1m at 1.5% Cu and 7.5g/t Ag from 171m ; 25m at 0.3% Cu and 1.2g/t Ag from 203m , including 1.6m at 1.9% Cu and 7.4g/t Ag; and 0.5m at 2.0% Cu and 8.4g/t Ag from 262.7m
LRD157 : 0.5m at 5.1% Cu, 24.5g/t Ag and 0.12g/t Au; 3m at 1.5% Cu and 3.6g/t Ag from 195m ; and 0.65m at 1.8% Cu and 13.6g/t Ag from 228.35m
LRD158 : 0.5m at 3.0% Pb, 4.0% Zn, 0.2% Cu and 22.9g/t Ag from 62.5m ; 1m at 3.6% Cu and 19.4g/t Ag from 109m ; 5.6m at 1.2% Cu and 3.3g/t Ag from 195.4m , including 0.35m at 10.5% Cu, 26.1g/t Ag, 0.14g/t Au and 0.08% Co from 196.3m
LRD154 : 23m at 0.4% Cu, 0.12% Sn and 2.0g/t Ag from 33m , including 7m at 0.5% Cu, 0.23% Sn and 2.8g/t Ag (highest tin intersections on this section)
LRD159 : 1m at 0.5% Cu, 0.68% Sn and 2.5g/t Ag from 24m ; and 19m at 0.4% Cu, 0.05% Sn and 1.3g/t Ag from 37m

Table 1 – Escacena Project, drill results summary (all intersections are >90% to approximately 100% of true thickness)

Hole	From	To	Interval	Cu	Sn	Ag	Co	Au	Pb	Zn
	m	m	m	%	%	g/t	ppm	g/t	ppm	ppm
LRD146	151.00	181.00	30.00	0.3	0.05	1.8	59	0.00	228	581
inc.	159.00	181.00	22.00	0.3	0.07	1.9	61	0.01	205	567
inc.	173.00	181.00	8.00	0.6	0.11	3.4	72	0.01	282	687

LRD147	114.00	146.25	32.25	0.4	0.05	1.3	70	0.01	4	75
inc.	129.00	146.25	17.25	0.5	0.08	2.0	84	0.01	16	98
inc.	143.00	146.25	3.25	1.9	0.36	7.6	185	0.03	29	166

LRD148	100.00	124.00	24.00	0.24	0.01	1.0	59	0.01	14	107
inc.	116.00	124.00	8.00	0.4	0.02	1.7	80	0.01	9	89
	152.00	160.00	8.00	0.2	0.03	0.8	57	0.01	10	58

LRD149	227.45	228.00	0.55	0.4		15.2	289	0.26	3410	6010
	256.80	258.00	1.20	0.1		12.7	37	0.04	17800	4940
	290.00	291.30	1.30	1.9		4.4	359	0.10	20	242
inc.	290.80	291.30	0.50	4.6	0.01	10.3	886	0.25	37	486
	341.90	342.40	0.50	3.1	0.01	9.7	369	0.13	268	459

LRD150	22.00	22.50	0.50	1.1		1.9	7	0.01	22	90
	83.00	93.00	10.00	0.6		2.1	46	0.01	19	227
inc.	83.00	87.00	4.00	1.2		3.9	65	0.02	20	316
inc.	84.00	85.00	1.00	3.8	0.01	10.8	123	0.03	37	639

LRD151	257.00	258.00	1.00		0.01	1.4	21	0.01	1205	11950
	391.00	392.00	1.00	1.1	0.01	2.3	76	0.02	27	231

LRD152 ¹	60.00	82.00	22.00	0.3	0.06	1.6	70	0.01	45	140
	60.00	75.00	15.00	0.4	0.06	2.0	73	0.01	52	155

LRD153	251.00	254.00	3.00	0.5		2.3	108	0.01	32	96
	271.00	272.00	1.00	0.8		5.1	92	0.01	261	969
	288.00	324.50	36.50	0.3	0.01	1.7	51	0.01	177	445
inc.	300.00	324.50	24.50	0.3	0.01	2.0	55	0.01	188	503
inc.	313.00	314.00	1.00	1.2	0.02	4.5	70	0.01	89	355
inc.	317.00	317.50	0.50	3.0	0.03	14.3	140	0.07	2300	5730

LRD154 ¹	33.00	56.00	23.00	0.4	0.12	2.0	94	0.01	51	131
inc.	33.00	46.00	13.00	0.5	0.14	2.9	104	0.01	78	155
inc.	36.00	43.00	7.00	0.5	0.23	2.8	122	0.01	47	155

LRD155	36.50	39.00	2.50	0.5		3.8	27	0.01	842	309
	41.00	42.00	1.00	0.5		3.2	15	0.01	544	387

LRD156	171.00	172.00	1.00	1.5	0.01	7.5	94	0.03	144	151
	203.00	228.00	25.00	0.3		1.2	74	0.02	54	160
Inc.	203.00	204.60	1.60	1.9	0.01	7.4	449	0.08	306	218
	262.70	263.20	0.50	2.0	0.01	8.4	315	0.16	100	390

LRD157	110.00	110.50	0.50	5.1	0.01	24.5	409	0.12	140	481
	161.00	162.00	1.00	0.9		5.9	86	0.03	142	407
	195.00	198.00	3.00	1.5		3.6	201	0.03	15	104
inc.	196.00	197.00	1.00	3.6	0.01	8.8	422	0.08	27	137
	228.35	229.00	0.65	1.8	0.01	13.6	248	0.10	3360	7150
	255.00	256.00	1.00	0.7	0.02	7.3	158	0.06	2570	2180

LRD158	62.50	63.00	0.50	0.2		22.9	21	0.09	30400	39500
	109.00	110.00	1.00	3.6	0.01	19.4	279	0.04	96	405
	185.00	186.00	1.00	1.0		6.6	130	0.02	12	149
	195.40	201.00	5.60	1.2		3.3	152	0.02	42	120
inc.	195.40	197.50	2.10	2.7	0.01	7.3	290	0.05	61	146
inc.	196.30	196.65	0.35	10.5	0.01	26.1	811	0.14	138	298

LRD159 ¹	24.00	25.00	1.00	0.5	0.68	2.5	70	0.04	75	95
	37.00	56.00	19.00	0.4	0.05	1.3	73	0.01	32	107
inc.	48.00	56.00	8.00	0.4	0.08	1.3	80	0.01	30	141
inc.	50.00	51.00	1.00	1.3	0.02	1.2	74	0.01	8	255
inc.	52.00	55.00	3.00	0.3	0.13	1.5	87	0.02	20	108

LRD160	236.00	273.00	37.00	0.25		1.0	64	0.01	123	27
inc.	239.00	242.00	3.00	1.1		2.6	180	0.02	95	40
inc.	239.90	240.40	0.50	5.3	0.01	12.3	635	0.08	215	216
inc.	300.20	300.70	0.50	1.0	0.01	4.0	416	0.16	123	131

¹ Tin metallurgy drill hole

Table 2 – Escacena Project, drill hole collar information (Total 3745.5m )

Hole ID	Easting ²	Northing ²	Azimuth ( ^o )	Dip( ^o )	Depth (m)
LRD146	736281	4152845	180	-60	248.10
LRD147	736136	4152802	180	-60	209.30
LRD148	736085	4152796	180	-55	220.50
LRD149	736956	4152942	180	-60	424.35
LRD150	736539	4152884	180	-62	398.40
LRD151	737003	4152998	180	-60	442.85
LRD152 ¹	736187	4152712	180	-55	86.20
LRD153	736734	4152936	180	-65	367.70
LRD154 ¹	736233	4152669	180	-55	73.30
LRD155	736980	4152570	180	-55	89.40
LRD156	736905	4152811	180	-65	272.35
LRD157	736905	4152811	180	-55	272.50
LRD158	736903	4152812	192	-55	257.50
LRD159 ¹	736138	4152687	180	-55	65.55
LRD160	736898	4152874	180	-60	317.50

¹ Tin metallurgy drill hole
² Coordinates are in ERTS89 datum UTM29N

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 Romana West, Cañada Honda, Zarcita, Hornitos, La Jarosa, Romana Deep , Romana North , 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.

QA/QC Procedures

Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.5 to 2m . Sample intervals were defined using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all times by Company staff. Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch.

Samples were delivered to ALS laboratory in Seville, Spain and assayed at the ALS laboratory in Ireland . All samples were crushed and split (method CRU-31, SPL22Y), and pulverized using (method PUL-31). Gold analysis was by 50gm Fire assay with ICP finish (method Au-ICP22) and multi element analysis was undertaken using a 4-acid digest with ICP AES finish (method ME-ICP61). Over grade base metal results were assayed using a 4-acid digest ICP AES (method OG-62). Over grade tin was determined using peroxide fusion with ICP finish (method Sn-ICP81x).

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.

View original content to download multimedia: https://www.prnewswire.com/news-releases/pan-global-drilling-expands-mineralization-at-la-romana-in-the-escacena-project-spain-301907516.html

SOURCE Pan Global Resources Inc.

View original content to download multimedia: https://www.newswire.ca/en/releases/archive/August2023/23/c1025.html

News Provided by Canada Newswire via QuoteMedia

Pan Global Resources PGZ:CA TSXV:PGZ Base Metals Investing

PGZ:CA

Falco Announces Resignation of Board Member

Falco Resources Ltd. (TSX-V: FPC) ( "Falco" or the " Corporation" ) announced today that Mr. Claude Dufresne has resigned as a member of the Board of Directors so that he may focus his efforts on other professional duties.

The Board of Directors would like to thank Mr. Dufresne for his contribution over the past few years and wish him well in his future endeavors.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Bold Options Claims in Ring of Fire Region

Bold Ventures Inc. (TSXV:BOL) (the "Company" or "Bold") is pleased to announce that it has signed an option agreement (the "Agreement") to option a 100% interest in two claim groups (the "Optioned Claims") to an arms-length party (the "Optionee"). The claims are located in the Ring of Fire Region. The Optioned Claims were staked during a regional airborne Electromagnetic and Magnetic survey flown in 2013 for Bold Ventures and its co-Venturer, a subsidiary of Dundee Resources. The survey resulted in over 14 claim groups being staked at various times over two campaigns. The Optioned Claims have a combined area of approximately 2,595 acres (1,050 hectares) and comprise approximately 90 claim units. The Optioned Claims have seen very little exploration work in the past

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

WESTERN COPPER AND GOLD ANNOUNCES VOTING RESULTS FROM ANNUAL SHAREHOLDERS' MEETING

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces the voting results from the Company's Annual General and Special Meeting ("AGM") held on June 27, 2024.

A total of 101,875,249 common shares were represented at the AGM, representing 51.92% of the votes attached to all outstanding common shares as at the record date.

Shareholders voted in favour of setting the number of directors at seven (7) and elected all directors, as follows:

Director	Votes For	% For	Votes Withheld	% Withheld
Robert Chausse	90,608,768	99.84 %	165,930	0.16 %
Tara Christie	82,647,749	90.20 %	8,979,661	9.80 %
Sandeep Singh	91,295,444	99.64 %	331,966	0.36 %
Raymond Threlkeld	90,876,101	98.85 %	1,018,642	1.11 %
Michael Vitton	87,843,574	95.87 %	3,783,836	4.13 %
Bill Williams	83,566,754	91.20 %	8,060,656	8.80 %
Klaus Zeitler	83,576,626	91.21 %	8,050,785	8.79 %

Shareholders also approved: (i) the appointment of PricewaterhouseCoopers LLP as auditors of the Company and authorized the directors to set their remuneration, (ii) unallocated stock options under the Company's stock option plan, (iii) unallocated rights under the Company's deferred share unit plan, (iv) unallocated rights under the Company's restricted share unit plan.

The Company's report of voting results will be available on SEDAR ( www.sedar.com ), EDGAR ( www.sec.gov/edgar.shtml ), and on the Company's website.

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices. For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

SOURCE western copper and gold corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2024/27/c2084.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Forte Minerals Corp. Closes Oversubscribed Private Placement Offering

(Not for distribution to United States newswire services or for dissemination in the United States of America)

Forte Minerals Corp. ("Forte" or the "Company") (CSE:CUAU)(OTCQB:FOMNF)(Frankfurt:2OA), is pleased to announce the closing of its previously announced non-brokered private placement (the "Offering") (see press release dated June 5, 2024). The Offering was initially set for 7,500,000 units but, due to high demand, was oversubscribed, resulting in the issuance of 8,953,000 units at a price of CAD $0.20 per unit for aggregate gross proceeds of CAD $1,790,600

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Aston Bay Announces Planned Exploration Program at its Epworth Sediment Hosted Copper-Silver-Zinc-Cobalt Project, Nunavut, Canada

Airborne geophysics, structural mapping, and sampling to define drill targets

Aston Bay Holdings Ltd. (TSX-V:BAY)(OTCQB:ATBHF) (the "Company" or "Aston Bay") is pleased to announce the proposed summer 2024 exploration program at its Epworth sediment hosted copper-silver-zinc-cobalt project located 80 kilometres ("km") southeast of Kugluktuk in Nunavut, Canada

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Hole ID	Easting ²	Northing ²	Azimuth ( ^o )	Dip ( ^o )	Depth (m)
LRD167	735976	4152716	156	-50	122.15
LRD168	735954	4152761	180	-50	125.55
LRD169	735865	4152803	240	-60	191.65
LRD170	735866	4152806	180	-55	155.65
LRD171	735866	4152807	0	-90	197.1

PAN GLOBAL DRILLING EXPANDS MINERALIZATION AT LA ROMANA IN THE ESCACENA PROJECT, SPAIN

Latest News

Latest Press Releases

Related News

TOP STOCKS