Dual-Listed Miner Finds Bullish Momentum with Multi-Target Drill Success

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Monday, May 12, 2025

On a risk-on trading day marked by slumping commodity prices and a rebound in beaten-down sectors like technology, retail and consumer service stocks, one dual-listed miner stood out, surging on the back of strong drill results.

Shares of Pan Global Resources Inc. (TSX-Venture: PGZ) (OTCQB: PGZFF) have been an outlier among its peers today as the company announced positive results for three additional step-out drillholes at the La Romana target, and three initial drill results at the La Pantoja target west of La Romana, in the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain.

Recent drill results from the La Romana project confirm continued mineralization along strike and at depth. Drillhole LRD186 intersected 8.0m grading 1.57% CuEq, including a high-grade core of 3.0m at 3.35% CuEq, indicating strong potential northwest and at depth. LRD184 confirmed near-surface up-dip mineralization with 16.0m at 0.65% CuEq, including higher-grade intervals of 8.0m at 1.08% and 3.0m at 2.06% CuEq. LRD185 extended mineralization down-dip, returning 5.0m at 0.66% and 9.0m at 0.69% CuEq, with a higher-grade section of 3.0m at 1.13% CuEq, suggesting mineralization remains open.

Initial drill results from La Pantoja indicate promising copper and tin mineralization. Drillhole LPD01 returned two copper-rich intervals: 1.35m at 1.83% CuEq and 3.0m at 1.70% CuEq, along with a broad 22.0m tin-anomalous zone averaging 0.05% Sn, including a higher-grade section of 6.0m at 0.11% Sn. Notably, drillhole LPD03 intersected a high-grade copper zone of 1.0m at 5.42% CuEq, highlighting the project's strong exploration potential.

"The first results from the 2025 multi-target Escacena drill program confirm that the higher-grade copper-tin corridor at La Romana remains open to the northwest with the mineralized trend now extending over 1.7km east-west. New downhole electro-magnetic geophysics (DHEM) indicates excellent potential to expand the higher-grade zone at depth at La Romana. We are also pleased to report that a similar style of mineralization has been intersected in the maiden drill program at the La Pantoja target to the west of La Romana," said Tim Moody, Pan Global President and CEO.

"The early results at La Pantoja confirm a new zone of copper-tin mineralization stratigraphically beneath La Romana, providing further confirmation of the potential for additional discoveries at the Escacena Project. La Pantoja is a large-scale target with compelling geophysical indicators of stronger mineralization at depth. We look forward to advancing this target with further drilling."

Shares of PGZ are currently up 9.09% at $0.12 while U.S. listed shares (PGZFF) surge 10% to $0.0825 in early-afternoon trading.

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