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PAN GLOBAL DOUBLES SIZE OF SOIL GEOCHEMISTRY ANOMALY AT BRAVO TARGET, ESCACENA PROJECT

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Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) has announced expanded soil geochemistry and new gravity survey results for the Bravo target within its Escacena Project in southern Spain. The survey has doubled the size of the lead-zinc soil anomaly to 1.7km x 1.0km, coinciding with a strong 2.0km x 1.5km gravity anomaly. This suggests potential for concealed volcanogenic massive sulphide (VMS) mineralization similar to the nearby La Romana copper-tin-silver discovery.

The Bravo target is located 1.5km east of La Romana and 4.5km southwest of Grupo México's Aznalcóllar and Los Frailes deposits. The expanded survey included 1,188 soil samples analyzed using pXRF, with select samples assayed for multi-element geochemistry. Results show combined Pb+Zn values up to 1,252ppm and anomalous Ag values up to 5.2g/t. The company is now planning detailed modelling, additional geophysical surveys, and prioritizing drill locations for the maiden Bravo drill campaign.

Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) ha annunciato risultati ampliati sulla geochimica del suolo e nuovi risultati di indagine gravitazionale per l'obiettivo Bravo all'interno del suo Progetto Escacena nel sud della Spagna. L'indagine ha doppio le dimensioni dell'anomalia di suolo piombo-zinco a 1,7 km x 1,0 km, coincidente con una forte anomalia gravitazionale di 2,0 km x 1,5 km. Questo suggerisce un potenziale per una mineralizzazione da massa vulcanogena (VMS) simile alla scoperta di rame-stagno-argento di La Romana, situata nelle vicinanze.

L'obiettivo Bravo si trova 1,5 km a est di La Romana e 4,5 km a sud-ovest dei depositi Aznalcóllar e Los Frailes di Grupo México. L'indagine ampliata ha incluso 1.188 campioni di suolo analizzati utilizzando pXRF, con alcuni campioni analizzati per la geochimica multi-elemento. I risultati mostrano valori combinati di Pb+Zn fino a 1.252 ppm e valori anomali di Ag fino a 5,2 g/t. L'azienda ora sta pianificando la modellazione dettagliata, ulteriori indagini geofisiche e la priorità alle posizioni di trivellazione per la prima campagna di trivellazione di Bravo.

Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) ha anunciado resultados ampliados de geoquímica de suelos y nuevos resultados de estudios de gravedad para el objetivo Bravo dentro de su Proyecto Escacena en el sur de España. La encuesta ha doblado el tamaño de la anomalía de suelo de plomo y zinc a 1,7 km x 1,0 km, coincidiendo con una fuerte anomalía de gravedad de 2,0 km x 1,5 km. Esto sugiere un potencial para mineralización por sulfuro masivo volcanogénico (VMS) similar al reciente descubrimiento de cobre-estaño-plata en La Romana.

El objetivo Bravo está ubicado 1,5 km al este de La Romana y 4,5 km al suroeste de los depósitos Aznalcóllar y Los Frailes de Grupo México. La encuesta ampliada incluyó 1.188 muestras de suelo analizadas utilizando pXRF, con algunas muestras analizadas para geoquímica multielemento. Los resultados muestran valores combinados de Pb+Zn de hasta 1.252 ppm y valores anómalos de Ag de hasta 5,2 g/t. La empresa ahora está planeando modelado detallado, encuestas geofísicas adicionales y priorizando las ubicaciones de perforación para la campaña de perforación inicial de Bravo.

팬 글로벌 리소스 Inc. (TSXV: PGZ) (OTCQX: PGZFF)는 확대된 토양 지화학 및 새로운 중력 조사 결과를 스페인 남부에 있는 에스카세나 프로젝트 내 브라보 목표지에 대해 발표했습니다. 조사 결과 납-아연 토양 이상 현상의 크기가 1.7km x 1.0km로 두 배로 증가했습니다, 이는 강력한 2.0km x 1.5km 중력 이상 현상과 일치합니다. 이는 인근 라 로마나 구리-주석-은 발견과 유사한 숨겨진 화산 기원의 대규모 황화물(VMS) 광상 가능성을 시사합니다.

브라보 목표지는 라 로마나에서 동쪽으로 1.5km, Grupo México의 아스날콜라르와 로스 프라이레스 광상에서 남서쪽으로 4.5km 떨어진 곳에 위치하고 있습니다. 확대된 조사는 pXRF를 사용하여 분석된 1,188개의 토양 샘플을 포함했으며, 일부 샘플은 다원소 지화학적 분석을 위해 채굴되었습니다. 결과는 합산 Pb+Zn 값이 최대 1,252ppm이며, 이상 Ag 값이 최대 5.2g/t임을 보여줍니다. 회사는 이제 세부 모델링, 추가 지구물리학 조사를 계획하고, 브라보 최초의 시추 캠페인을 위한 시추 위치를 우선시할 예정입니다.

Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) a annoncé des résultats élargis en géochimie des sols et de nouvelles données d'enquête gravimétrique concernant la cible Bravo dans le cadre de son projet Escacena au sud de l'Espagne. L'enquête a doubler la taille de l'anomalie de sol plomb-zinc à 1,7 km x 1,0 km, coïncidant avec une forte anomalie gravimétrique de 2,0 km x 1,5 km. Cela suggère un potentiel pour une minéralisation massive volcanogène (VMS) masquée, similaire à la découverte de cuivre-étain-argent voisine de La Romana.

La cible Bravo est située à 1,5 km à l'est de La Romana et à 4,5 km au sud-ouest des dépôts d'Aznalcóllar et de Los Frailes du Grupo México. L'enquête élargie a inclus 1 188 échantillons de sol, analysés par pXRF, certains échantillons ayant été soumis à une analyse géochimique multi-éléments. Les résultats montrent des valeurs combinées de Pb+Zn allant jusqu'à 1 252 ppm et des valeurs anomales d'Ag allant jusqu'à 5,2 g/t. L'entreprise envisage maintenant une modélisation détaillée, des enquêtes géophysiques supplémentaires et la priorisation des sites de forage pour la première campagne de forage Bravo.

Die Pan Global Resources Inc. (TSXV: PGZ) (OTCQX: PGZFF) hat erweiterte Boden-geochemische und neue Schwerefelduntersuchungsergebnisse für das Bravo-Ziel innerhalb ihres Escacena-Projekts im Süden Spaniens bekannt gegeben. Die Umfrage hat die Größe der Bleizink-Bodenanomalie auf 1,7 km x 1,0 km verdoppelt, was mit einer starken Schwereanomalie von 2,0 km x 1,5 km übereinstimmt. Dies deutet auf das Potenzial für versteckte vulkanogene massive Sulfid (VMS) Mineralisierung hin, ähnlich wie die nahegelegene Entdeckung von Kupfer-Zinn-Silber in La Romana.

Das Bravo-Ziel befindet sich 1,5 km östlich von La Romana und 4,5 km südwestlich der Lagerstätten Aznalcóllar und Los Frailes von Grupo México. Die erweiterte Untersuchung umfasste 1.188 Bodenproben, die mit pXRF analysiert wurden, wobei ausgewählte Proben auf multi-elementarische Geochemie untersucht wurden. Die Ergebnisse zeigen kombinierte Pb+Zn-Werte von bis zu 1.252 ppm und anomale Ag-Werte von bis zu 5,2 g/t. Das Unternehmen plant nun eine detaillierte Modellierung, weitere geophysikalische Untersuchungen und die Priorisierung von Bohrstandorten für die erste Bravo-Bohrkampagne.

Positive
  • Doubled size of lead-zinc soil anomaly to 1.7km x 1.0km at Bravo target
  • Strong 2.0km x 1.5km gravity anomaly coincident with soil geochemistry
  • Potential for concealed VMS mineralization similar to La Romana discovery
  • High combined Pb+Zn values up to 1,252ppm and anomalous Ag values up to 5.2g/t
Negative
  • None.

TSXV: PGZ | OTCQX: PGZFF | FRA: 2EU

  • Soil lead-zinc (Pb-Zn) anomaly area doubles to 1.7km x 1.0km at the high-priority Bravo target
  • Coincident with a strong 2.0km x 1.5km gravity anomaly
  • Soil geochemistry survey expanded to investigate the area between Bravo target and the La Romana discovery
  • Bravo located on-trend between the La Romana copper-tin-silver discovery and Grupo México's Aznalcóllar and Los Frailes deposits

VANCOUVER, BC, Sept. 4, 2024 /PRNewswire/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) (FRA: 2EU) is pleased to announce additional soil geochemistry and new gravity 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 new soil sample geochemistry and gravity survey results further support our view that the large Bravo target could represent concealed volcanogenic massive sulphide (VMS) mineralization beneath shallow cover, similar to Pan Global's nearby La Romana copper-tin-silver discovery. The new survey results double the size of the lead plus zinc surface anomaly from the initial soil sampling reported last month and confirm a large coincident gravity anomaly," said Tim Moody, Pan Global's President & CEO.

Mr. Moody added, "The elevated lead-zinc-silver soil geochemistry and coincident gravity anomaly are strong indicators of the potential for underlying sulphide mineralization. Modelling of the data is underway to finalize locations for the maiden Bravo drill campaign, plus soil geochemistry sampling has expanded to test the potential for mineralization between Bravo and the La Romana discovery to the west."

The Bravo target is located 1.5km east of Pan Global's La Romana copper-tin-silver discovery and 4.5km southwest of Grupo México's Aznalcóllar and Los Frailes volcanogenic massive sulphide deposits. The target is mostly covered by post-mineral rocks and sediments and has never been drill tested.

Figure 1 – Enhanced Bravo gravity target and new Pb+Zn soil anomaly, showing proximity to the La Romana gravity anomaly (CNW Group/Pan Global Resources Inc.)

Figure 2 – Bravo target soil sample geochemistry results superimposed on the new gravity anomaly map, indicating the highest Pb, Zn and Ag coincides with the peak of the gravity anomaly (CNW Group/Pan Global Resources Inc.)

A total of 1,188 soil samples, including 57 duplicates, were collected as part of the expanded Bravo survey. The soil samples were collected on a 40-meter spacing along lines 100 meters apart. Each sample was analyzed using a hand-held x-ray fluorescence ("pXRF") device. Spatial interpretation of the pXRF results confirms a Pb plus Zn soil anomaly extending over 1.7km east-west and up to 1.2km north-south. Samples range from 300ppm to 1,252ppm combined Pb+Zn, including up to 1,115ppm Pb and 886ppm Zn.

A total of 67 soil samples from two lines over the Bravo target were also assayed for multi-element geochemistry by ALS laboratory to check and compare accuracy of the pXRF results. The results confirm a close correlation of the Pb and Zn assay values with the pXRF results and also show anomalous Ag values up to 5.2g/t (not analyzed by the pXRF) coincident with the Pb+Zn and gravity anomalies.

The initial Bravo ground gravity survey is complete, with results obtained from 788 stations on a 100m x 100m, and 100m x 50m grid over the main target area. The results confirmed a strong (>1.2 mGal) gravity anomaly with surface dimensions approximately 2.0km x 1.5km.

Next steps include:

  1. detailed modelling of the final gravity data, followed by;
  2. induced polarization and/or electromagnetic survey lines over the peaks of the gravity plus geochemistry anomalies to provide additional three-dimensional information; and,
  3. prioritize drillhole positions.

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 in Spain, 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.

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 samples were sent to the ALS laboratory in Seville as a further check and comparison with the pXRF results. The samples were crushed and split (method CRU-31, SPL22Y), and pulverized using (method PUL-31). Multi element analysis was undertaken using a multi-acid digest and ICP-MS ultra-low detection method ME-ICP61).

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.

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 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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/pan-global-doubles-size-of-soil-geochemistry-anomaly-at-bravo-target-escacena-project-302237531.html

SOURCE Pan Global Resources Inc.

FAQ

What are the dimensions of the expanded lead-zinc soil anomaly at Pan Global's Bravo target?

The expanded lead-zinc soil anomaly at Pan Global's Bravo target now measures 1.7km east-west and up to 1.2km north-south.

What is the size of the gravity anomaly identified at the Bravo target?

A strong gravity anomaly with surface dimensions of approximately 2.0km x 1.5km was identified at the Bravo target.

How many soil samples were collected in the expanded Bravo survey by Pan Global (PGZFF)?

Pan Global (PGZFF) collected a total of 1,188 soil samples, including 57 duplicates, as part of the expanded Bravo survey.

What are the next steps for Pan Global's Bravo target exploration?

The next steps include detailed modelling of the final gravity data, conducting induced polarization and/or electromagnetic surveys, and prioritizing drillhole positions for the maiden Bravo drill campaign.

PAN GLOBAL RESOURCE INC

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