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PAN GLOBAL ANNOUNCES ENCOURAGING SOIL GEOCHEMISTRY RESULTS COINCIDENT WITH BRAVO GRAVITY TARGET

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Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) has announced encouraging soil geochemistry results from its Bravo target within the 100%-owned Escacena Project in southern Spain. The survey revealed a continuous 1km+ east-west lead-zinc soil anomaly coinciding with a gravity anomaly, suggesting potential for concealed mineralization. The anomaly, ranging from 300ppm to 1,252ppm combined Pb+Zn, extends over 1km east-west and up to 700m north-south.

The Bravo target is a 2km x 1.2km gravity anomaly located 1.5km east of Pan Global's La Romana copper-tin-silver discovery. The company is expanding the soil geochemistry survey and conducting a detailed ground gravity survey, which could accelerate drilling plans for the Bravo target. These results support the possibility of massive sulphide mineralization beneath shallow cover sediments.

Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) ha annunciato risultati incoraggianti di geochimica del suolo dal suo obiettivo Bravo all'interno del progetto Escacena, di proprietà al 100%, situato nel sud della Spagna. L'indagine ha rivelato un anomalia di suolo continua di oltre 1 km di piombo-zinco in coincidenza con un'anomalia gravitazionale, suggerendo un potenziale per mineralizzazione nascosta. L'anomalia, che varia da 300ppm a 1.252ppm di Pb+Zn combinati, si estende per oltre 1 km da est a ovest e fino a 700 m da nord a sud.

L'obiettivo Bravo è un anomalia gravitazionale di 2 km x 1,2 km situato a 1,5 km a est della scoperta di rame-stagno-argento di Pan Global a La Romana. L'azienda sta ampliando l'indagine geochimica del suolo e conducendo un'indagine dettagliata della gravità terrestre, il che potrebbe accelerare i piani di perforazione per l'obiettivo Bravo. Questi risultati supportano la possibilità di mineralizzazione di solfuri massivi sotto sedimenti di copertura superficiale.

Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) ha anunciado resultados alentadores de geochemica del suelo de su objetivo Bravo dentro del Proyecto Escacena, de propiedad al 100%, en el sur de España. La encuesta reveló una anomalia de suelo continua de más de 1 km de plomo-zinc que coincide con una anomalía gravitacional, sugiriendo un potencial para mineralización oculta. La anomalía, que varía de 300ppm a 1,252ppm de Pb+Zn combinados, se extiende a lo largo de más de 1 km de este a oeste y hasta 700 m de norte a sur.

El objetivo Bravo es una anomalia gravitacional de 2 km x 1.2 km ubicada a 1.5 km al este del descubrimiento de cobre-estaño-plata de Pan Global en La Romana. La empresa está ampliando la encuesta de geochemica del suelo y llevando a cabo una encuesta detallada de gravedad terrestre, lo que podría acelerar los planes de perforación para el objetivo Bravo. Estos resultados apoyan la posibilidad de mineralización de sulfuros masivos debajo de sedimentos de cobertura superficial.

팬 글로벌 리소스 Inc. (TSXV: PGZ) (OTCQX: PGZFF)는 스페인 남부의 100% 소유의 에스카세나 프로젝트 내 브라보 목표에서 유망한 토양 지화학 결과를 발표했습니다. 조사 결과 동서 방향으로 1km 이상의 지속적인 납-아연 토양 이상이 중력 이상과 일치하여 숨겨진 광물화의 가능성을 시사합니다. 이 이상은 300ppm에서 1,252ppm의 Pb+Zn이 함께 포함되어 있으며, 동서 방향으로 1km 이상, 북남 방향으로 최대 700m까지 확장됩니다.

브라보 목표는 팬 글로벌의 라 로마나 구리-주석-은 발견지에서 동쪽으로 1.5km 떨어진 곳에 위치한 2km x 1.2km 중력 이상입니다. 회사는 토양 지화학 조사를 확장하고 상세한 지중력 조사를 실시하고 있으며, 이는 브라보 목표에 대한 시추 계획을 가속화할 수 있습니다. 이러한 결과는 얕은 덮개 퇴적물 아래에서 대량 황화물 광물화의 가능성을 지지합니다.

Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) a annoncé des résultats encourageants de géochimie des sols concernant son objectif Bravo dans le cadre du projet Escacena, entièrement détenu, dans le sud de l'Espagne. L'enquête a révélé une anomalie de sol continue de plus de 1 km en plomb-zinc qui coïncide avec une anomalie gravitationnelle, suggérant un potentiel de minéralisation cachée. L'anomalie, qui varie de 300ppm à 1 252ppm de Pb+Zn combinés, s'étend sur plus de 1 km d'est en ouest et jusqu'à 700 m du nord au sud.

L'objectif Bravo est une anomalie gravitationnelle de 2 km x 1,2 km située à 1,5 km à l'est de la découverte de cuivre-étain-argent de Pan Global à La Romana. L'entreprise élargit l'enquête de géochimie des sols et mène une enquête gravitationnelle détaillée, ce qui pourrait accélérer les plans de forage pour l'objectif Bravo. Ces résultats soutiennent la possibilité d'une minéralisation massive de sulfures sous des sédiments de couverture peu profonds.

Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) hat ermutigende Ergebnisse der Bodengeochemie von seinem Bravo-Ziel im 100%-Eigentum des Escacena-Projekts im Süden Spaniens angekündigt. Die Untersuchung ergab eine kontinuierliche Bodenaanomalia von über 1 km für Blei-Zink, die mit einer Schwereanomalie übereinstimmt, was auf ein Potenzial für versteckte Mineralisierungen hinweist. Die Anomalie reicht von 300ppm bis 1.252ppm kombiniertem Pb+Zn und erstreckt sich über mehr als 1 km in Ost-West-Richtung und bis zu 700 m in Nord-Süd-Richtung.

Das Bravo-Ziel ist eine Schwereanomalie von 2 km x 1,2 km, die 1,5 km östlich von Pan Globals Kupfer-Zinn- Silberentdeckung in La Romana liegt. Das Unternehmen erweitert die Bodengeochemie-Untersuchung und führt eine detaillierte Schwereuntersuchung durch, die die Bohrpläne für das Bravo-Ziel beschleunigen könnte. Diese Ergebnisse unterstützen die Möglichkeit einer massiven sulfidhaltigen Mineralisierung unter flachen Überdeckungssedimenten.

Positive
  • Continuous 1km+ lead-zinc soil anomaly discovered at Bravo target
  • Soil anomaly coincides with gravity anomaly, indicating potential for concealed mineralization
  • Soil geochemistry survey to be expanded to connect with La Romana discovery
  • Detailed ground gravity survey 30% completed, potentially accelerating drilling plans
Negative
  • None.

TSXV: PGZ   |   OTCQX: PGZFF   |   FRA: 2EU             

  • Soil geochemistry and gravity surveys at the high-priority Bravo gravity target proceeding ahead of schedule
  • Bravo target immediately east of the La Romana copper-tin-silver discovery at Escacena Project
  • A continuous 1 kilometer-plus east-west lead-zinc soil anomaly coincides with the gravity anomaly
  • Soil geochemistry suggests good potential for mineralization concealed beneath shallow post-mineral cover

VANCOUVER, BC, Aug. 1, 2024 /PRNewswire/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) (FRA: 2EU) is pleased to announce soil geochemistry survey results for the maiden exploration program over the Bravo target ("Bravo") within the Company's 100%-owned Escacena Project ("Escacena") in the Iberian Pyrite Belt, southern Spain.

"The initial soil geochemistry results are very encouraging, highlighting a more-than 1km continuous lead ("Pb") plus zinc ("Zn") surface anomaly coincident with a gravity anomaly at the high-priority Bravo target. Importantly, lead and zinc commonly occur laterally or above copper-rich mineralization in zoned volcanogenic massive sulphide deposits. Based on these results, the soil geochemistry survey will now be expanded to connect with the La Romana copper-tin-silver discovery to the west," said Tim Moody, Pan Global's President & CEO.

"The results support our view that the large Bravo gravity anomaly could represent massive sulphide mineralization concealed beneath shallow cover sediments. A more detailed ground gravity survey at Bravo is also making good progress (30% completed) and coupled with the encouraging geochemistry results, could bring forward the timing for drilling at the Bravo target," said Mr. Moody.

Figure 1 – Bravo gravity target planned exploration survey area, new Pb+Zn soil anomaly, highlighting proximity to La Romana gravity anomaly and mineralization (CNW Group/Pan Global Resources Inc.)

Figure 2 – Bravo target soil sample locations and Zn, Pb, and Pb+Zn soil geochemistry results on the gravity anomaly; <percent>57%</percent> of planned soil geochemistry survey area completed (CNW Group/Pan Global Resources Inc.)

The soil geochemistry results reported today are for 326 soil samples, representing 57% of the planned Bravo survey. The soil samples are collected on a 40m-spacing along lines 100m apart. Each soil sample was analyzed using a hand-held x-ray fluorescence ("pXRF") device. Spatial interpretation of the pXRF results confirms a Pb plus Zn anomaly extending over 1km east-west and up to 700m north-south. Samples are ranging from 300ppm to 1,252ppm combined Pb+Zn, and individual samples reporting up to 1,115ppm Pb and 288ppm Zn. The soil anomaly is an indicator of potential deeper underlying sulphide mineralization concealed beneath post-mineral cover sediments.

Bravo is a prominent 2km x 1.2km gravity anomaly located 1.5km east of Pan Global's La Romana copper-tin-silver discovery and 4.5km southwest of the Aznalcóllar and Los Frailes volcanogenic massive sulphide (VMS) deposits. The Bravo anomaly was originally identified from early-1980's gravity survey data and interpreted as potential concealed massive sulphide mineralization. The target is mostly covered by post-mineral rocks and sediments and has never been drill tested.

Results from planned soil geochemistry, gravity and IP surveys at Bravo will guide future drilling. Pan Global looks forward to updating shareholders as the Bravo exploration program progresses in the coming weeks. 

Further to the July 3, 2024 media release announcing the engagement of Soar Financial to support public relations activities at the Company, the agreement specifies a monthly fee of €5,500.

QA/QC

The soil geochemistry survey includes samples collected from the top 20cm from surface (un-sieved, weighing approx. 1kg) on a 100m x 40m grid over the gravity target area. The samples are collected in plastic bags, and a multi-element analysis obtained using an Olympus Vanta hand-held x-ray fluorescence ("pXRF") device. Analyses are repeated on 1 per 20 samples, and standards analyzed to check for deviation. Additional sample duplicates will be sent to the ALS laboratory in Seville as a further check and comparison with the pXRF results.

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 the operating mine at Riotinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines where Minera Los Frailes/Grupo México is in the final permitting stage to allow new mine construction to commence. The Escacena Project hosts Pan Global's La Romana copper-tin-silver and Cañada Honda copper-gold discoveries, and a number of other prospective targets, including, Bravo, Barbacena, El Pozo, Romana Norte, San Pablo, Zarcita, Hornitos, La Jarosa, Romana Deep, and Cortijo.

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 a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact.

Qualified Persons

Álvaro Merino. Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information for this media release. Mr. Merino is not independent of the Company.

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

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SOURCE Pan Global Resources Inc.

FAQ

What are the key findings from Pan Global's soil geochemistry survey at the Bravo target?

The survey revealed a continuous 1km+ east-west lead-zinc soil anomaly coinciding with a gravity anomaly, suggesting potential for concealed mineralization. The anomaly ranges from 300ppm to 1,252ppm combined Pb+Zn, extending over 1km east-west and up to 700m north-south.

Where is the Bravo target located in relation to Pan Global's other discoveries?

The Bravo target is a 2km x 1.2km gravity anomaly located 1.5km east of Pan Global's La Romana copper-tin-silver discovery and 4.5km southwest of the Aznalcóllar and Los Frailes VMS deposits.

How might the soil geochemistry results impact Pan Global's (PGZFF) exploration plans?

The encouraging results have led Pan Global to expand the soil geochemistry survey to connect with the La Romana discovery. Additionally, the ongoing detailed ground gravity survey, coupled with these results, could accelerate drilling plans for the Bravo target.

What is the significance of the lead and zinc anomalies found at the Bravo target?

Lead and zinc commonly occur laterally or above copper-rich mineralization in zoned volcanogenic massive sulphide deposits. The presence of these anomalies suggests good potential for mineralization concealed beneath shallow post-mineral cover.

PAN GLOBAL RESOURCE INC

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