PAN GLOBAL REPORTS DRILL RESULTS FOR CAÑADA HONDA AND ZARCITA TARGETS AT THE ESCACENA PROJECT, SPAIN

PAN GLOBAL REPORTS DRILL RESULTS FOR CAÑADA HONDA AND ZARCITA TARGETS AT THE ESCACENA PROJECT, SPAIN

 
 

  TSXV: PGZ   |   OTCQX: PGZFF  

 
  • Cañada Honda copper-gold mineralization extended to 600m down-dip at east end of a 2km long east-west gravity anomaly
  •  
  • Zarcita drilling intersects narrow intervals of higher-grade copper within a wider zone of stockwork and alteration
  •  
  • Drilling at Escacena now focused on highly prospective western extension of the La Romana copper-tin-silver mineralization at Romana West
  •  

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to announce positive results for its follow-up drilling at the Cañada Honda and Zarcita targets at the 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain . Both targets are located 4km north of the La Romana copper-tin-silver discovery where ongoing drilling is extending mineralization at Romana West. Three follow-up drill holes have been completed at the Cañada Honda copper-gold target and an additional 13 drill holes have been completed at the Zarcita copper target.

 

The Company will host a conference call and webcast on Monday, September 11, 2023 , at 10:00 a.m. Eastern Time / 7:00 a.m. Pacific Time to discuss the Cañada Honda and Zarcita drill results and also provide an overview of current exploration and drilling at Romana West. An open Q&A session will follow a short presentation. For webcast details please see information at the conclusion of this release.

 

"The follow-up drilling at Cañada Honda confirms copper-gold mineralization coincident with a gravity anomaly, and extends the copper-gold mineralization from surface to 600m down-dip where it remains wide open. The new results highlight additional gold potential in the hanging wall. The drilling is at the eastern end of a 2km long east-west gravity target, indicating potential for the mineralization to significantly expand, making this a compelling, high priority target for additional drilling," said Tim Moody , Pan Global's President & CEO.

 

Currently, drilling at Escacena is focused along the highly prospective western extension (Romana West) of the La Romana copper-tin-silver discovery. In addition to the 12 geophysical targets that are being sequentially prioritized for drill testing, exploration on the 5,760-hectare Escacena Project continues to identify new drill targets. Initial assay results from the first set of drill holes at Romana West are expected soon.

 

Cañada Honda and Zarcita drill hole locations are shown in Figure 1 below. Drill hole assay results for Cañada Honda are summarized in Table 1 and collar details are presented in Table 2 below. Drill assay results for Zarcita are summarized in Table 3 and collar details provided in Table 4.

 
 

  Figure 1 – Simplified geology map with Cañada Honda and Zarcita drill hole locations. Cross section location (A-A') shown in Figure 2. (CNW Group/Pan Global Resources Inc.) 

 
 
  Cañada Honda Highlights  
 
  • New drill hole results include:
  •  
    • CHD05 –   20m at 0.5% Cu, 0.8g/t Au, 1.9g/t Ag , including   5.1m at 1.3% Cu, 0.5g/t Au, 3.9g/t Ag (reported July 4, 2023 ); and new results including   2m at 1.6g/t Au  
    •  
    • CHD06 –   7m at 0.6% Cu, 0.8g/t Au, 6.5g/t Ag , including 3m at 1.1g/t Au, 5.5g/t Ag
    •  
    • CHD07 –   5m at 1.1g/t Au, 0.2% Cu, 2.3g/t Ag  
    •  
  • Surface rock samples up to 9g/t Au
  •  
  • New untested DHEM conductor anomalies
  •  

The follow-up drill program included holes CHD05, CHD06 and CHD07. Drill hole CHD05, testing 150m down-dip from previous drill hole CHD04 and approximately 330m down-dip from a historical mine tunnel, confirmed copper-gold mineralization coincident with the targeted gravity anomaly. CHD06, located 100m east of CHD05, intersected copper-gold mineralization coincident with a DHEM target. Hole CHD07 tested a resistivity low anomaly 190m down-dip from CHD05. Each of the drill holes also intersected additional gold mineralization in the hanging wall.

 

DHEM in holes CHD06 and CHD07 confirmed new off-hole conductor anomalies for future drilling to test the potential for stronger sulphide mineralization. See Figure 3 below.

 

Anomalous gold assays from 28 rock grab samples at Cañada Honda indicate a gold anomaly extending 200m west of the historical mine tunnel and up-dip from the recent drilling, with several samples reporting >0.1g/t Au up to 9.0g/t Au.

 
 

  Figure 2 – Geology cross section 737250mE, A-A', showing new results for follow-up drill holes CHD05 and CHD-7, and previous holes CHD03 and CHD04. The results show the main Cu-Au zone extending 600m down-dip from a historical mine tunnel, and multiple Au veins in the hanging wall. Approximately 150m separates CHD04 and CHD05, and 190m separates CHD05 and CHD07. (CNW Group/Pan Global Resources Inc.) 

 
 
 

  Figure 3 – Cañada Honda target map showing a large gravity anomaly extending west of the drill holes, DHEM conductors, soil and rock sample copper-gold anomalies. (CNW Group/Pan Global Resources Inc.) 

 
 

  Table 1 – Cañada Honda drill results summary (all intervals close to true thickness); Results in italics for CHD05 were first reported on July 4, 2023 .

 
 
                                                                                                                                                                                                                            
 

   Hole ID   

 
 

   From   

 
 

   To   

 
 

   Interval   

 
 

   Cu   

 
 

   Au   

 
 

   Ag   

 
 

   Co   

 
 

   Pb   

 
 

   Zn   

 
 
 

   m   

 
 

   m   

 
 

   m   

 
 

   %   

 
 

   g/t   

 
 

   g/t   

 
 

   ppm   

 
 

   ppm   

 
 

   ppm   

 
 

  CHD05  

 
 

  65.00  

 
 

  66.00  

 
 

  1.00  

 
 

  0.28  

 
 

  1.41  

 
 

  14.8  

 
 

  367  

 
 

  3430  

 
 

  4100  

 
 
 

  100.00  

 
 

  102.00  

 
 

  2.00  

 
 

  

 
 

  1.61  

 
 

  0.5  

 
 

  414  

 
 

  37  

 
 

  39  

 
 
 

  203.00  

 
 

  204.00  

 
 

  1.00  

 
 

  0.06  

 
 

  0.41  

 
 

  9.3  

 
 

  603  

 
 

  3900  

 
 

  1.32 %  

 
 
 

   287.00   

 
 

   307.00   

 
 

   20.00   

 
 

   0.50   

 
 

   0.28   

 
 

   1.9   

 
 

   102   

 
 

   38   

 
 

   124   

 
 

   inc.   

 
 

   296.00   

 
 

   307.00   

 
 

   11.00   

 
 

   0.76   

 
 

   0.44   

 
 

   2.4   

 
 

   117   

 
 

   36   

 
 

   147   

 
 

   inc.   

 
 

   296.00   

 
 

   301.10   

 
 

   5.10   

 
 

   1.31   

 
 

   0.47   

 
 

   3.9   

 
 

   182   

 
 

   39   

 
 

   154   

 
 

   inc.   

 
 

   296.00   

 
 

   296.50   

 
 

   0.50   

 
 

   10.3   

 
 

   1.42   

 
 

   29.2   

 
 

   592   

 
 

   114   

 
 

   371   

 
 

  CHD06  

 
 

  57.00  

 
 

  58.00  

 
 

  1.00  

 
 

  

 
 

  1.23  

 
 

  

 
 

  155  

 
 

  8  

 
 

  45  

 
 
 

  73.00  

 
 

  76.00  

 
 

  3.00  

 
 

  0.47  

 
 

  0.05  

 
 

  1.1  

 
 

  109  

 
 

  7  

 
 

  82  

 
 
 

  101.00  

 
 

  102.00  

 
 

  1.00  

 
 

  0.06  

 
 

  1.13  

 
 

  17.8  

 
 

  41  

 
 

  6180  

 
 

  9380  

 
 
 

  120.00  

 
 

  122.00  

 
 

  2.00  

 
 

  0.11  

 
 

  1.36  

 
 

  0.5  

 
 

  54  

 
 

  6  

 
 

  35  

 
 
 

  188.00  

 
 

  195.00  

 
 

  7.00  

 
 

  0.64  

 
 

  0.80  

 
 

  6.5  

 
 

  240  

 
 

  390  

 
 

  412  

 
 

  inc.  

 
 

  188.00  

 
 

  189.00  

 
 

  1.00  

 
 

  0.80  

 
 

  1.32  

 
 

  20.3  

 
 

  117  

 
 

  2140  

 
 

  2280  

 
 

  inc.  

 
 

  191.00  

 
 

  194.00  

 
 

  3.00  

 
 

  0.91  

 
 

  1.10  

 
 

  5.5  

 
 

  413  

 
 

  91  

 
 

  96  

 
 

  CHD07  

 
 

  75.00  

 
 

  76.00  

 
 

  1.00  

 
 

  

 
 

  1.13  

 
 

  3.6  

 
 

  266  

 
 

  261  

 
 

  299  

 
 
 

  241.00  

 
 

  246.00  

 
 

  5.00  

 
 

  0.19  

 
 

  1.09  

 
 

  2.3  

 
 

  219  

 
 

  525  

 
 

  1151  

 
 

  inc.  

 
 

  244.00  

 
 

  245.00  

 
 

  1.00  

 
 

  0.94  

 
 

  4.39  

 
 

  9.0  

 
 

  741  

 
 

  1760  

 
 

  3860  

 
 
 

  258.00  

 
 

  259.00  

 
 

  1.00  

 
 

  0.02  

 
 

  1.17  

 
 

  1.2  

 
 

  115  

 
 

  129  

 
 

  94  

 
 
 

  428.00  

 
 

  433.00  

 
 

  5.00  

 
 

  0.34  

 
 

  0.30  

 
 

  0.9  

 
 

  125  

 
 

  9  

 
 

  53  

 
 

  inc.  

 
 

  430.00  

 
 

  431.00  

 
 

  1.00  

 
 

  1.33  

 
 

  0.69  

 
 

  2.7  

 
 

  145  

 
 

  23  

 
 

  92  

 
 
 

 

 

  Table 2 – Cañada Honda drill hole collar information (3 holes 1,238.95m )

 
 
                        
 

   Hole ID   

 
 

   Easting 1   

 
 

   Northing 1   

 
 

   Azimuth ( o )   

 
 

   Dip ( o )   

 
 

   Depth (m)   

 
 

  CHD05  

 
 

  737208  

 
 

  4156446  

 
 

  180  

 
 

  -70  

 
 

  443.40  

 
 

  CHD06  

 
 

  737336  

 
 

  4156389  

 
 

  180  

 
 

  -75  

 
 

  320.40  

 
 

  CHD07  

 
 

  737286  

 
 

  4156582  

 
 

  180  

 
 

  -75  

 
 

  475.15  

 
 
 
 
 
 

   1 Coordinates are in ERTS89 datum UTM29N   

 
 
 
  
Zarcita results commentary
 
 

"The recent exploration drilling and mapping at Zarcita has highlighted a 2.1km long trend with anomalous copper, lead, zinc, gold and silver. The highest potential remains centered on the historical Zarcita mine workings where drilling has intersected narrow intervals of higher-grade copper within a wider zone of stockwork and alteration. While untested down-hole electromagnetic (DHEM) conductors, gravity and IP anomalies define prospective targets for future campaigns at Zarcita, the Romana West and Cañada Honda targets are key near-term priorities," said Tim Moody , Pan Global's President & CEO.

 
  Zarcita highlights  
 
  • New drill hole results include:
  •  
    • ZAD05: intersected copper mineralization from surface, including 14.45m at 0.2% Cu before entering a 10.5m assumed historical mine cavity
    •  
    • ZAD06: 5.5m at 0.7% Cu from 106.2m , including 1.85m at 1.6% Cu, 0.15g/t Au, 2.4g/t Ag
    •  

The completed drill program at Zarcita includes 17 holes for a total of 4,363m , along a 2.1km east-west trend. The holes were designed to test a combination of geophysical, geological and geochemical targets, and to acquire mineral alteration information to assist in identifying vectors to potential higher-grade mineralization. Results from the first four holes, ZAD01 to ZAD04, drilled on a single north-south section, were reported on January 17, 2023 showing copper grades increasing to 400m down-dip and narrow intervals of higher grade (e.g., drill hole ZAD04: 17m at 0.3% Cu, including 1.9% Cu over 1.1m ). The new drill-holes, ZAD05 to ZAD17, were drilled on a 100m to 600m spacing along the trend. Much of the strike potential to-date has only been tested by single wide-spaced drill holes.

 

The most promising results are from a 600m section of the 2.1km trend, coincident with the Zarcita mine workings. This includes thin bands of semi-massive and massive sulphide intervals within a wider zone of stockwork veining and chlorite-sericite alteration. DHEM in holes ZAD01 and ZAD05 identified untested off-hole and below-hole anomalies, representing potential nearby stronger sulphide mineralization.

 

Drill hole ZAD05, intersected 0.2% Cu (oxide zone) over 14.85m from surface followed by 10.5m with no core recovery in an assumed historical mine cavity, and trace chalcopyrite continuing in the drill core below the cavity. Drill holes ZAD06 and ZAD15, intersected narrow intervals of high-grade copper. The mineralization remains open down-dip and along-strike within the historical mining area.

 

  Table 3 – Zarcita drill results summary (all intervals close to true thickness to >90%)

 
 
                                                                                                                               
 

   Hole ID   

 
 

   From   

 
 

   To   

 
 

   Interval   

 
 

   Cu   

 
 

   Au   

 
 

   Ag   

 
 

   Co   

 
 

   Pb   

 
 

   Zn   

 
 
 

   m   

 
 

   m   

 
 

   m   

 
 

   %   

 
 

   g/t   

 
 

   g/t   

 
 

   ppm   

 
 

   ppm   

 
 

   ppm   

 
 

  ZAD05  

 
 

  0.00  

 
 

  14.45  

 
 

  14.45  

 
 

  0.19  

 
 

  0.02  

 
 

  0.3  

 
 

  33  

 
 

  60  

 
 

  281  

 
 
 

  14.45  

 
 

  24.95  

 
 

  10.50  

 
 

  No drill core - assumed historical mine cavity  

 
 

  ZAD06  

 
 

  106.20  

 
 

  111.70  

 
 

  5.50  

 
 

  0.67  

 
 

  0.06  

 
 

  1.0  

 
 

  173  

 
 

  30  

 
 

  487  

 
 

  inc.  

 
 

  106.20  

 
 

  108.05  

 
 

  1.85  

 
 

  1.61  

 
 

  0.15  

 
 

  2.4  

 
 

  392  

 
 

  73  

 
 

  737  

 
 

  inc.  

 
 

  146.10  

 
 

  146.35  

 
 

  0.25  

 
 

  1.40  

 
 

  0.13  

 
 

  5.9  

 
 

  197  

 
 

  869  

 
 

  3680  

 
 

  ZAD07  

 
 

  No significant results  

 
 

  ZAD08  

 
 

  130.00  

 
 

  132.00  

 
 

  2.00  

 
 

  0.10  

 
 

  0.06  

 
 

  1.2  

 
 

  12  

 
 

  245  

 
 

  2.09 %  

 
 

  ZAD09  

 
 

  185.00  

 
 

  186.00  

 
 

  1.00  

 
 

  0.03  

 
 

  0.07  

 
 

  1.6  

 
 

  9  

 
 

  566  

 
 

  1.07 %  

 
 

  ZAD10  

 
 

  No significant results  

 
 

  ZAD11  

 
 

  158.00  

 
 

  159.00  

 
 

  1.00  

 
 

  1.04  

 
 

  1.44  

 
 

  4.4  

 
 

  146  

 
 

  77  

 
 

  314  

 
 

  ZAD12  

 
 

  51.00  

 
 

  54.00  

 
 

  3.00  

 
 

  0.08  

 
 

  0.01  

 
 

  5.3  

 
 

  24  

 
 

  6513  

 
 

  1.04 %  

 
 

  ZAD13  

 
 

  No significant results  

 
 

  ZAD14  

 
 

  No significant results  

 
 

  ZAD15  

 
 

  41.50  

 
 

  42.00  

 
 

  0.50  

 
 

  1.93  

 
 

  0.41  

 
 

  6.5  

 
 

  362  

 
 

  186  

 
 

  1105  

 
 

  ZAD16  

 
 

  No Significant results  

 
 

  ZAD17  

 
 

  No Significant results  

 
 
 

 

 

  Table 4 – Zarcita drill hole collar information (13 holes 3221.15m )

 
 
                                                                                    
 

   Hole ID   

 
 

   Easting 1   

 
 

   Northing 1   

 
 

   Azimuth ( o )   

 
 

   Dip ( o )   

 
 

   Depth (m)   

 
 

  ZAD05  

 
 

  738291  

 
 

  4156973  

 
 

  180  

 
 

  -70  

 
 

  179.40  

 
 

  ZAD06  

 
 

  738351  

 
 

  4157082  

 
 

  130  

 
 

  -55  

 
 

  305.00  

 
 

  ZAD07  

 
 

  738180  

 
 

  4157081  

 
 

  180  

 
 

  -50  

 
 

  241.10  

 
 

  ZAD08  

 
 

  737986  

 
 

  4156899  

 
 

  180  

 
 

  -55  

 
 

  201.85  

 
 

  ZAD09  

 
 

  737985  

 
 

  4156900  

 
 

  0  

 
 

  -90  

 
 

  203.50  

 
 

  ZAD10  

 
 

  737984  

 
 

  4157098  

 
 

  180  

 
 

  -70  

 
 

  356.25  

 
 

  ZAD11  

 
 

  737439  

 
 

  4156993  

 
 

  180  

 
 

  -55  

 
 

  275.35  

 
 

  ZAD12  

 
 

  738984  

 
 

  4157026  

 
 

  180  

 
 

  -60  

 
 

  230.20  

 
 

  ZAD13  

 
 

  738984  

 
 

  4157027  

 
 

  0  

 
 

  -90  

 
 

  179.50  

 
 

  ZAD14  

 
 

  738987  

 
 

  4157027  

 
 

  140  

 
 

  -55  

 
 

  124.40  

 
 

  ZAD15  

 
 

  738984  

 
 

  4157027  

 
 

  220  

 
 

  -55  

 
 

  117.70  

 
 

  ZAD16  

 
 

  737095  

 
 

  4157069  

 
 

  180  

 
 

  -60  

 
 

  360.90  

 
 

  ZAD17  

 
 

  739264  

 
 

  4157060  

 
 

  215  

 
 

  -55  

 
 

  446.00  

 
 
 
 
 
 

   1 Coordinates are in ERTS89 datum UTM29N   

 
 
 
  
Investor Call to Discuss Drill Results and Escacena Exploration Update
 
 

The Company will host a conference call and webcast on Monday, September 11, 2023 , at 10:00 a.m. Eastern Time to discuss the Cañada Honda and Zarcita drill results and provide an overview of current exploration and drill testing at Romana West. An open Q&A session will follow a short presentation.

 

Date: Monday, September 11, 2023  
Time: 10:00 a.m. Eastern Time | 7:00 a.m. Pacific Time  
Please register in advance:
https://us06web.zoom.us/meeting/register/tZ0pcumgqTksH9Qjcmz0fzUGukwCwrpLAVng

 

After registering, you will receive a confirmation email containing information about joining the meeting. Investors are encouraged to send questions or topics of interest in advance to investors@panglobalresources.com to be addressed following the presentation. A link to the webcast will be available on the Company's website at: https://panglobalresources.com following the live broadcast.

 
  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, Bravo, Barbacena, El Pozo, Zarcita, Hornitos, La Jarosa, Romana Deep , Romana North , and San Pablo.

  

 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.

 

Drill core and rock 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

 

   www.panglobalresources.com   

 
   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.

 
 

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

 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/pan-global-reports-drill-results-for-canada-honda-and-zarcita-targets-at-the-escacena-project-spain-301921688.html  

 

SOURCE Pan Global Resources Inc. 

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/September2023/08/c9664.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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