PAN GLOBAL INTERSECTS WIDE ZONE OF COPPER-STOCKWORK MINERALIZATION AT ZARCITA AND REPORTS DRILL RESULTS FROM MULTIPLE TARGETS

PAN GLOBAL INTERSECTS WIDE ZONE OF COPPER-STOCKWORK MINERALIZATION AT ZARCITA AND REPORTS DRILL RESULTS FROM MULTIPLE TARGETS

 
 

  TSXV: PGZ      OTC: PGNRF  

 
  •   Zarcita: First four drill holes intersect a 75m thick copper-stockwork zone, including massive sulphide intervals with grades up to 2.8% Cu; a further 16 holes planned  
  •  
  •   La Jarosa: 16.5m at 1.1% Pb+Zn, 0.5m at 2.5% Cu and    0.75m at 2.1% Cu; untested conductor identified  
  •  
  •   Hornitos: 15.5m at 1.0% Pb+Zn, including 5m at 2.3% Pb+Zn  
  •  
  •    20,000m multi-target 2023 drill program underway with three rigs active at La Romana, Romana Deep and Zarcita targets  
  •  

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTC: PGNRF) is pleased to announce assay results for 21 drill holes targeting volcanogenic massive sulphide (VMS) copper and polymetallic mineralization at the 100%-owned Escacena Project in the Iberian Pyrite Belt (IPB), southern Spain . The drill holes were all completed in 2022 and provide the first tests of the Zarcita, Hornitos, La Jarosa, Pilar and Bravo Norte targets. Pan Global's 2023 exploration program in Spain includes a 20,000m multi-target drill program with an estimated budget of CAD $8.5 million .

 

"Pan Global is highly encouraged by the drill results with copper and or zinc mineralization intersected in three of the five new targets tested in the Escacena Project area," said Tim Moody, President and CEO. "At Zarcita, the first four completed drill holes have all intersected copper mineralization within a 75-meter-thick pyrite-chalcopyrite stockwork associated with strong chlorite alteration, including bands of semi-massive to massive sulphide. The copper mineralization at Zarcita continues from surface to more than 400m downdip and is open in all directions. The combination of stockwork mineralization together with strong chlorite alteration are excellent indicators of proximity to major VMS ore deposits in the IPB."

 

"In addition, copper-zinc mineralization intersected at the La Jarosa target is within a potential structural repetition of the same host rocks at the nearby Aznalcóllar and Los Frailes VMS deposits and promising near-surface VMS-associated zinc-lead mineralization was identified at the Hornitos target. The Company maintains a strong cash position and is fully funded for another 20,000-meter drill program in 2023."

 

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

 
  • At the Zarcita target , 4km to the north of La Romana, the first four drill holes (ZAD01 to ZAD04) intersected copper stockwork-style mineralization (pyrite and chalcopyrite) over approximately 75m true thickness, including narrow intervals of massive and semi-massive sulphide with high copper grades and strong chlorite-alteration increasing downdip. The copper mineralization continues from surface to more than 400m down-dip and remains open in all directions. ZAD01 to ZAD04 were drilled on a single north-south cross section. Holes ZAD05 and ZAD06 drilled along strike approximately 50m west and 50m east respectively, have also intersected visible copper mineralization with assay results pending. The target extends along more than 2.5km of strike and includes the historic Zarcita copper mine workings. The ongoing drill program includes an additional 14 holes. See Figures 2 and 3 below. Notable results include:
  •  
    •    58m   ( 35m true thickness) at 0.2% Cu including 22.5m at 0.3% Cu, including 0.6m at 1.3% Cu, 3.1g/t Ag in ZAD02
    •  
    •    34m at 0.2% Cu including 10.2m at 0.3% Cu, including 0.4m at 2.8% Cu, 2.9g/t Ag, 0.2g/t Au in ZAD03
    •  
    •    26.4m   ( 15m true thickness) at 0.2% Cu including 5.35m at 0.6% Cu, 1.3g/t Ag, including 1.05m at 1.9% Cu, 4g/t Ag, 0.2g/t Au in ZAD04 (results pending for the upper part of the hole)
    •  
    • A downhole electromagnetic (DHEM) survey identified an untested conductive horizon immediately beneath the end of hole ZAD01 (end of hole depth 325m ) extending from approx. 200m vertical depth and dipping moderately to the North.
    •  
  • At the La Jarosa target, located 4km northeast of La Romana, nine drill holes (LJD01 to LJD09) have been completed over approximately 1.5km of strike with each hole intersecting sulphide mineralization and VMS-style alteration. This includes hole LJD01 that intersected 18.65m at 0.7% Cu, 1g/t Ag, including 9.5m at 1.2% Cu, 1.1g/t Ag and 0.4m at 4.5% Cu, 10.3g/t Ag (reported previously: News Release, March 8, 2022 ). See Figure 4 below. Notable results include:
  •  
    •    0.85m at 1.4% Cu, 1.6g/t Ag   and    0.7m at 1.5% Cu, 1.6g/t Ag in LJD03
    •  
    •    16.25m at 1.1% Pb+Zn, 3.4g/t Ag   and    0.5m at 2.5% Cu, 6g/t Ag   and    0.75m at 2.1% Cu, 5g/t Ag in LJD08
    •  
    • DHEM survey identified an untested off-hole conductor east of hole LJD08 from approx. 300m to 480m depth, implying a sizable target.
    •  
  • Geological interpretation of the drill holes at the La Jarosa, Pilar and Bravo Norte targets indicates a potential structural repetition of the stratigraphy that hosts the nearby Aznalcóllar and Los Frailes VMS deposits. The prospective stratigraphic horizon coincides with a mostly untested 4km-plus east-west IP anomaly trend. The copper and lead-zinc mineralization intersected in the drilling at La Jarosa is within the prospective horizon at the eastern end of the IP trend. The drill holes at Pilar and Bravo Norte drilled dense rhyodacitic volcanics/intrusives with minor sulphides/alteration in the footwall beneath the prospective/target stratigraphy.
  •  
  • At the Hornitos target located 3km north of La Romana, the first two drill holes (HOD01 and HOD02) intersected a 60m -thick, north-dipping zone of breccia-hosted Zn+Pb mineralization (sphalerite and galena), silicification and chlorite alteration extending from near-surface. The mineralization coincides with a 2.5km east-west IP chargeability and gravity anomaly trend. Further drilling is planned, including testing the strongest parts of the gravity plus soil-zinc anomaly to the east. Holes PZD01 (Hornitos-Pozo) and PRD01 (Hornitos-Prado) drilled separate geophysics targets to the west of Hornitos and intersected no significant mineralization. See Figure 5 below. Notable results include:
  •  
    •    15.5m at 1% Zn+Pb, including 5m at 2.3% Zn+Pb in HOD01
    •  
    •    17m @ 0.6% Pb+Zn, including 3m at 1.0%, Zn+Pb, 3m at 1.2% Pb+Zn and 1m at 1.8% Pb+Zn in HOD02
    •  
  • Methodical approach to drilling the target-rich Escacena Project continues to deliver positive results with drilling on-going at Zarcita, Romana Deep and Cañada Honda. Additional targets for drilling in 2023 include extensions of La Romana, Bravo, Barbacena, Pozo and San Pablo.
  •  
 

  Figure 1 – Escacena Project gravity targets and new drill hole locations (CNW Group/Pan Global Resources Inc.) 

 
 
 

  Figure 2 – Zarcita Target map showing drill hole locations and coincident soil-copper, gravity and IP anomalies extending over >2.5km east-west (CNW Group/Pan Global Resources Inc.) 

 
 
 

  Figure 3 – Zarcita Drill Section for holes ZAD01, 02, 03 and 04 indicating a 75m thick, north-dipping sulphide stockwork from surface to >400m down dip (CNW Group/Pan Global Resources Inc.) 

 
 
 

  Figure 4 – La Jarosa, Pilar, Bravo Norte Targets, target horizon, IP anomaly trend and drill hole locations (Aznalcóllar open pit 2km northeast of La Jarosa) (CNW Group/Pan Global Resources Inc.) 

 
 
 

  Figure 5 – The Hornitos Target area Pb Zn Soil geochemistry, IP and gravity anomalies and drillhole locations (CNW Group/Pan Global Resources Inc.) 

 
 

  Table 1- Escacena Project, drill results summary  

 

  Zarcita  

 
 
                                                                                                                                           
 

   HOLE   

 
 

   From   

 
 

   To   

 
 

   Interval    1   

 
 

   Cu   

 
 

   Ag   

 
 

   Au   

 
 

   Pb   

 
 

   Zn   

 
 

   True thickness   

 
 

   (m)   

 
 

   (m)   

 
 

   (m)   

 
 

   ( %)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   (ppm)   

 
 

   (ppm)   

 
 

   (m)   

 
 

   ZAD01   

 
 

  33.00  

 
 

  45.00  

 
 

  12.00  

 
 

  0.14  

 
 

  0.3  

 
 

  0.02  

 
 

  43  

 
 

  457  

 
 

  n/c 2  

 
 

   ZAD02   

 
 

  89.00  

 
 

  147.50  

 
 

  58.50  

 
 

  0.16  

 
 

  0.5  

 
 

  0.03  

 
 

  34  

 
 

  240  

 
 

  35  

 
 

  inc  

 
 

  125.00  

 
 

  147.50  

 
 

  22.50  

 
 

  0.28  

 
 

  0.7  

 
 

  0.04  

 
 

  52  

 
 

  271  

 
 

  14  

 
 

  inc  

 
 

  137.00  

 
 

  143.60  

 
 

  6.60  

 
 

  0.42  

 
 

  0.9  

 
 

  0.04  

 
 

  37  

 
 

  405  

 
 

  4  

 
 

  inc  

 
 

  143.00  

 
 

  143.60  

 
 

  0.60  

 
 

  1.32  

 
 

  3.1  

 
 

  0.06  

 
 

  19  

 
 

  1235  

 
 

  0.4  

 
 

   ZAD03   

 
 

  132.00  

 
 

  166.00  

 
 

  34.00  

 
 

  0.17  

 
 

  0.5  

 
 

  0.02  

 
 

  46  

 
 

  178  

 
 

  n/c  

 
 

  inc  

 
 

  134.00  

 
 

  137.40  

 
 

  3.40  

 
 

  0.23  

 
 

  0.7  

 
 

  0.01  

 
 

  37  

 
 

  227  

 
 

  n/c  

 
 

  inc  

 
 

  154.00  

 
 

  164.20  

 
 

  10.20  

 
 

  0.31  

 
 

  0.8  

 
 

  0.04  

 
 

  56  

 
 

  199  

 
 

  n/c  

 
 

  inc  

 
 

  163.80  

 
 

  164.20  

 
 

  0.40  

 
 

  2.80  

 
 

  2.9  

 
 

  0.21  

 
 

  112  

 
 

  143  

 
 

  n/c  

 
 

   ZAD04   

 
 

  273.00  

 
 

  299.35  

 
 

  26.35  

 
 

  0.18  

 
 

  0.5  

 
 

  0.06  

 
 

  55  

 
 

  474  

 
 

  15  

 
 

  inc  

 
 

  294.00  

 
 

  299.35  

 
 

  5.35  

 
 

  0.59  

 
 

  1.3  

 
 

  0.08  

 
 

  43  

 
 

  963  

 
 

  3.5  

 
 

  inc  

 
 

  298.30  

 
 

  299.35  

 
 

  1.05  

 
 

  1.86  

 
 

  4.0  

 
 

  0.20  

 
 

  91  

 
 

  2570  

 
 

  0.75  

 
 
 

 

 

  La Jarosa  

 
 
                                                                                                                                                                                                                   
 

   HOLE   

 
 

   From   

 
 

   To   

 
 

   Interval    1   

 
 

   Cu   

 
 

   Ag   

 
 

   Au   

 
 

   Pb   

 
 

   Zn   

 
 

   PbZn   

 
 

   (m)   

 
 

   (m)   

 
 

   (m)   

 
 

   ( %)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   (ppm)   

 
 

   (ppm)   

 
 

   ( %)   

 
 

   LJD02   

 
 

  228.20  

 
 

  237.30  

 
 

  9.10  

 
 

  0.11  

 
 

  0.3  

 
 

  

 
 

  40  

 
 

  140  

 
 

  

 
 

  inc  

 
 

  237.05  

 
 

  237.30  

 
 

  0.25  

 
 

  1.00  

 
 

  1.0  

 
 

  

 
 

  20  

 
 

  170  

 
 

  

 
 

   LJD03   

 
 

  81.90  

 
 

  92.00  

 
 

  10.10  

 
 

  0.01  

 
 

  3.2  

 
 

  

 
 

  5770  

 
 

  3750  

 
 

  1.0  

 
 

  and  

 
 

  434.20  

 
 

  437.70  

 
 

  3.50  

 
 

  0.80  

 
 

  0.9  

 
 

  

 
 

  40  

 
 

  790  

 
 

  0.1  

 
 

  inc  

 
 

  435.20  

 
 

  436.05  

 
 

  0.85  

 
 

  1.42  

 
 

  1.6  

 
 

  

 
 

  100  

 
 

  3020  

 
 

  0.3  

 
 

  inc  

 
 

  437.00  

 
 

  437.70  

 
 

  0.70  

 
 

  1.50  

 
 

  1.6  

 
 

  

 
 

  30  

 
 

  100  

 
 

  

 
 

   LJD04   

 
 

  67.80  

 
 

  83.00  

 
 

  15.20  

 
 

  

 
 

  0.4  

 
 

  

 
 

  670  

 
 

  2220  

 
 

  0.3  

 
 

   LJD05   

 
 

  65.70  

 
 

  79.20  

 
 

  13.50  

 
 

  0.16  

 
 

  0.3  

 
 

  

 
 

  10  

 
 

  90  

 
 

  

 
 

  and  

 
 

  107.00  

 
 

  112.00  

 
 

  5.00  

 
 

  0.15  

 
 

  2.0  

 
 

  0.02  

 
 

  610  

 
 

  4400  

 
 

  0.5  

 
 

  inc  

 
 

  107.00  

 
 

  108.00  

 
 

  1.00  

 
 

  0.34  

 
 

  6.1  

 
 

  0.07  

 
 

  2020  

 
 

  16500  

 
 

  1.9  

 
 

  and  

 
 

  117.00  

 
 

  132.00  

 
 

  15.00  

 
 

  0.11  

 
 

  0.4  

 
 

  

 
 

  20  

 
 

  170  

 
 

  

 
 

   LJD06   

 
 

  Hole abandoned  

 
 

   LJD07   

 
 

  238.00  

 
 

  246.00  

 
 

  8.00  

 
 

  

 
 

  1.1  

 
 

  0.02  

 
 

  880  

 
 

  3390  

 
 

  0.4  

 
 

  inc  

 
 

  240.00  

 
 

  241.00  

 
 

  1.00  

 
 

  0.01  

 
 

  1.7  

 
 

  0.06  

 
 

  1060  

 
 

  9870  

 
 

  1.1  

 
 

   LJD08   

 
 

  367.75  

 
 

  384.00  

 
 

  16.25  

 
 

  0.13  

 
 

  3.4  

 
 

  0.01  

 
 

  3917  

 
 

  9330  

 
 

  1.1  

 
 

  inc  

 
 

  367.75  

 
 

  375.00  

 
 

  7.25  

 
 

  0.22  

 
 

  0.6  

 
 

  

 
 

  9  

 
 

  60  

 
 

  

 
 

  inc  

 
 

  368.20  

 
 

  368.70  

 
 

  0.50  

 
 

  2.53  

 
 

  6.0  

 
 

  0.03  

 
 

  55  

 
 

  81  

 
 

  

 
 

  and  

 
 

  393.00  

 
 

  397.55  

 
 

  4.55  

 
 

  0.44  

 
 

  1.1  

 
 

  

 
 

  26  

 
 

  130  

 
 

  

 
 

  inc  

 
 

  394.00  

 
 

  394.75  

 
 

  0.75  

 
 

  2.06  

 
 

  5.0  

 
 

  

 
 

  18  

 
 

  104  

 
 

  

 
 

   LJD09   

 
 

  327.00  

 
 

  331.00  

 
 

  4.00  

 
 

  0.01  

 
 

  1.2  

 
 

  0.06  

 
 

  1091  

 
 

  3058  

 
 

  0.4  

 
 
 

 

 

  Hornitos  

 
 
                                                                                                                 
 

   HOLE   

 
 

   From   

 
 

   To   

 
 

   Interval    1   

 
 

   Cu   

 
 

   Ag   

 
 

   Au   

 
 

   Pb   

 
 

   Zn   

 
 

   Pb+Zn   

 
 

   (m)   

 
 

   (m)   

 
 

   (m)   

 
 

   ( %)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   (ppm)   

 
 

   (ppm)   

 
 

   ( %)   

 
 

   HOD01   

 
 

  61.00  

 
 

  71.30  

 
 

  10.30  

 
 

  

 
 

  0.5  

 
 

  

 
 

  960  

 
 

  3500  

 
 

  0.4  

 
 

  and  

 
 

  99.00  

 
 

  114.55  

 
 

  15.55  

 
 

  

 
 

  0.8  

 
 

  

 
 

  1300  

 
 

  8400  

 
 

  1.0  

 
 

  inc  

 
 

  99.00  

 
 

  104.00  

 
 

  5.00  

 
 

  

 
 

  1.4  

 
 

  

 
 

  2100  

 
 

  21000  

 
 

  2.3  

 
 

   HOD02   

 
 

  82.00  

 
 

  97.00  

 
 

  15.00  

 
 

  

 
 

  0.4  

 
 

  

 
 

  1036  

 
 

  1856  

 
 

  0.3  

 
 

  and  

 
 

  115.00  

 
 

  149.00  

 
 

  34.00  

 
 

  

 
 

  0.5  

 
 

  

 
 

  1065  

 
 

  2855  

 
 

  0.4  

 
 

  inc  

 
 

  115.00  

 
 

  132.00  

 
 

  17.00  

 
 

  

 
 

  0.6  

 
 

  

 
 

  1513  

 
 

  4650  

 
 

  0.6  

 
 

  inc  

 
 

  116.00  

 
 

  119.00  

 
 

  3.00  

 
 

  

 
 

  0.7  

 
 

  

 
 

  1586  

 
 

  8817  

 
 

  1.0  

 
 

  inc  

 
 

  129.00  

 
 

  132.00  

 
 

  3.00  

 
 

  

 
 

  1.0  

 
 

  

 
 

  2595  

 
 

  9460  

 
 

  1.2  

 
 

  inc  

 
 

  129.00  

 
 

  130.00  

 
 

  1.00  

 
 

  

 
 

  1.0  

 
 

  

 
 

  2300  

 
 

  15500  

 
 

  1.8  

 
 

  PRD01  

 
 

  No significant results  

 
 

  PZD01  

 
 

  No significant results  

 
 
 

 

 

  Pilar and Bravo Norte  

 
 
                                     
 

   HOLE   

 
 

   From   

 
 

   To   

 
 

   Interval    1   

 
 

   Cu   

 
 

   Ag   

 
 

   Au   

 
 

   Pb   

 
 

   Zn   

 
 

   Pb+Zn   

 
 

   (m)   

 
 

   (m)   

 
 

   (m)   

 
 

   ( %)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   (ppm)   

 
 

   (ppm)   

 
 

   ( %)   

 
 

  EPD01  

 
 

  No significant results  

 
 

  EPD02  

 
 

  No significant results  

 
 

  EPD03  

 
 

  83.00  

 
 

  88.00  

 
 

  5.00  

 
 

  0.00  

 
 

  0.6  

 
 

  0.00  

 
 

  1127  

 
 

  2247  

 
 

  0.3  

 
 

  EPD04  

 
 

  No significant results  

 
 

  BND01  

 
 

  No significant results  

 
 
 
 
  
 

   1 Drilled interval (most holes are near true thickness)   

 
 

   2 Not calculated   (most holes are near true thickness)   

 
 
 

 

 

  Table 2 – Escacena Project, drill hole collar information (Total 7,605.1m )  

 
 
                                                                                                                                                          
 

   HOLE   

 
 

   Easting 1   

 
 

   Northing 1   

 
 

   Azimuth   

 
 

   Dip   

 
 

   EOH (m)   

 
 

   Target   

 
 

   ZAD01   

 
 

  738370  

 
 

  4156940  

 
 

  180  

 
 

  -65  

 
 

  325  

 
 

  Zarcita  

 
 

   ZAD02   

 
 

  738369  

 
 

  4156937  

 
 

  0  

 
 

  -70  

 
 

  203.1  

 
 

  Zarcita  

 
 

   ZAD03   

 
 

  738352  

 
 

  4157082  

 
 

  180  

 
 

  -52  

 
 

  242.1  

 
 

  Zarcita  

 
 

   ZAD04   

 
 

  738351  

 
 

  4157082  

 
 

  0  

 
 

  -80  

 
 

  371.4  

 
 

  Zarcita  

 
 

   HOD01   

 
 

  736391  

 
 

  4155510  

 
 

  180  

 
 

  -50  

 
 

  239.2  

 
 

  Hornitos  

 
 

   HOD02   

 
 

  736391  

 
 

  4155511  

 
 

  180  

 
 

  -85  

 
 

  217.3  

 
 

  Hornitos  

 
 

   PRD01   

 
 

  735832  

 
 

  4155013  

 
 

  180  

 
 

  -60  

 
 

  314.3  

 
 

  Hornitos-El Prado  

 
 

   PZD01   

 
 

  735546  

 
 

  4155669  

 
 

  180  

 
 

  -60  

 
 

  224.4  

 
 

  Hornitos-Pozo  

 
 

   LJD02   

 
 

  740648  

 
 

  4154536  

 
 

  180  

 
 

  -67  

 
 

  405.2  

 
 

  La Jarosa  

 
 

   LJD03   

 
 

  740583  

 
 

  4154639  

 
 

  180  

 
 

  -76  

 
 

  470.2  

 
 

  La Jarosa  

 
 

   LJD04   

 
 

  740528  

 
 

  4154643  

 
 

  180  

 
 

  -65  

 
 

  461.8  

 
 

  La Jarosa  

 
 

   LJD05   

 
 

  740545  

 
 

  4154360  

 
 

  180  

 
 

  -65  

 
 

  353.1  

 
 

  La Jarosa  

 
 

   LJD06   

 
 

  740773  

 
 

  4154640  

 
 

  180  

 
 

  -65  

 
 

  304.2  

 
 

  La Jarosa  

 
 

   LJD07   

 
 

  741492  

 
 

  4154262  

 
 

  180  

 
 

  -60  

 
 

  350.3  

 
 

  La Jarosa  

 
 

   LJD08   

 
 

  740778  

 
 

  4154639  

 
 

  180  

 
 

  -65  

 
 

  491.6  

 
 

  La Jarosa  

 
 

   LJD09   

 
 

  741439  

 
 

  4154449  

 
 

  180  

 
 

  -60  

 
 

  447.1  

 
 

  La Jarosa  

 
 

   BND01   

 
 

  739471  

 
 

  4154118  

 
 

  180  

 
 

  -77  

 
 

  439.5  

 
 

  Bravo Norte  

 
 

   EPD01   

 
 

  740977  

 
 

  4153563  

 
 

  0  

 
 

  -90  

 
 

  465.4  

 
 

  Pilar  

 
 

   EPD02   

 
 

  740660  

 
 

  4153962  

 
 

  180  

 
 

  -60  

 
 

  434.3  

 
 

  Pilar  

 
 

   EPD03   

 
 

  740773  

 
 

  4153914  

 
 

  180  

 
 

  -60  

 
 

  401.4  

 
 

  Pilar  

 
 

   EPD04   

 
 

  741229  

 
 

  4153013  

 
 

  180  

 
 

  -80  

 
 

  444.2  

 
 

  Pilar  

 
 
 
 
 
 

   1 Coordinates are in ERTZ89 datum UTM29N   

 
 
 

 

 
  QA/QC Procedures  
 

Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.4 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).

 
  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 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 mining anticipated to restart in late 2023. The Escacena Project hosts the La Romana copper-tin discovery and a number of other prospective targets, including Zarcita, Hornitos, La Jarosa, Romana Deep , Pilar, Bravo, Barbacena and San Pablo.

  

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

 

On behalf of the Board of Directors

 

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.

 

 

 
 

  Pan Global Resources Inc. (CNW Group/Pan Global Resources Inc.) 

 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/pan-global-intersects-wide-zone-of-copper-stockwork-mineralization-at-zarcita-and-reports-drill-results-from-multiple-targets-301723131.html  

 

SOURCE Pan Global Resources Inc. 

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2023/17/c9306.html  

 
 

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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 .

 

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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  

 

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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  

 

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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  

 

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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.

 

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FPX Nickel Announces Share-Based Compensation Grant

FPX Nickel Announces Share-Based Compensation Grant

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that the board of directors of the Company has approved the grant of 5,305,000 stock options (the " Options ") to directors, officers and employees of the Company pursuant to the Company's Share Compensation Plan. The Options have an exercise price of $0.30 per share, with a five-year term and are fully vested on the grant date, July 10, 2025 .

 
 

  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The Company also granted an aggregate 750,000 restricted share units (the " RSUs ") to certain officers of the Company. The RSUs vest in three equal installments on the annual anniversaries of the grant date and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 
 

 

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Cygnus Metals Limited: Issue of Performance Rights

Cygnus Metals Limited: Issue of Performance Rights

 

Cygnus Metals Limited ("Cygnus" or the "Company") advises that it has issued an aggregate of 67,050,000 performance rights ("Performance Rights") to directors, and key employees and consultants, under the Company's Omnibus Equity Incentive Plan ("Plan").

 

Shareholders approved the Plan and the issue of Performance Rights to directors at the Company's annual general meeting held on May 14, 2025. The Performance Rights to key personnel were issued on the same terms and conditions as the director Performance Rights, as set out in the notice of annual general meeting released to ASX on April 14, 2025.

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Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the 2025 exploration program is nearing completion at its wholly-owned Adams Plateau Project (the "Project") in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX project.

Gary Thompson, CEO of Silver47, stated: "We are glad to continue our work on Adams Plateau toward defining drill targets on this road-accessible project. The abundance of surface mineralization on the Project is very encouraging for the potential of new and exciting discoveries. The Company has received a 5-year permit for drilling. This year is shaping up to be transformational for the Company with a full season of drilling at the flagship Red Mountain Project and the pending merger with Summa Silver."

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Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

 

   New Expansion Hole Intersects    279    Metres Averaging    0.49    % Cu   

 

   Nine Drill Rigs Now Active on Site   

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Vertex Minerals Limited  Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

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