Pan Global Resources Intersects 1.6% Copper Over 9.7 Meters at La Romana Deposit

• Pan Global Resources has intersected 1.6% copper over 9.7 meters at its La Romana deposit in southern Spain, confirming continuity of copper-tin-silver mineralization over 1.4 km strike length
• The results come from a 25-hole drill program aimed at expanding the deposit to the west, with drilling still in progress
• A new high-grade core has been discovered, with copper grades up to 7.7% over 1.7 meters coincident with a large geophysical target
• Mineralization starts at surface and has been traced over 200 meters down-dip, remaining open along strike and at depth
• Five additional holes are planned at La Romana once drilling resumes in 2024

About Pan Global Resources

Pan Global Resources is a copper focused mining company targeting deposits in southern Spain, a tier-one jurisdiction with excellent infrastructure and support for responsible mining. Its flagship project is the Escacena Project in the prolific Iberian Pyrite Belt, host to numerous active and past-producing mines.

Drilling Confirms Continuous Mineralization over 1.4 km of Strike Length

The latest drill holes at La Romana have successfully delineated continuous copper-tin-silver mineralization over an expansive 1.4 km of strike length, establishing the deposit as a significant greenfield discovery. These results also allow more confident assessment of the eventual economic value of La Romana within Pan Global’s flagship Escacena Project.

The dimensions of the La Romana system continue growing with ongoing step-out drilling, highlighting the strong potential for Pan Global to outline an initial compliant resource in the near term. Continuity of mineralization is critical in demonstrating the scale needed for an underground bulk tonnage mining scenario that is emerging as the likely development model.

High Grade Zone Identified

A highlight of the recent drill program is the discovery of appreciably higher copper grades in a newly defined zone measuring approximately 290 by 90 meters. This area produced an intersection grading 7.7% copper over 1.7 meters in hole LRD173, demonstrating the presence of a high-grade core that significantly enhances the value proposition of the deposit.

The ultimate size and grade potential of this zone is unknown, as current drilling has only begun to test the margins of a large conductive anomaly that spatially coincides with the high-grade mineralization. Additional drilling will aim to expand this sector through 2024.

Mineralization Remains Open at Depth

While La Romana has so far only been drilled to 200 meter depths, copper mineralization shows encouraging continuity down-dip and an strengthening grade profile at increasing depths. This trend corresponds with a broad conductive anomaly that persists to depth, likely reflecting increasing proportions of conductive sulphide minerals like chalcopyrite.

Further drilling will continue targeting this conductive feature to depths beyond 250 meters, as bottoming higher grade intercepts substantiate the presence of a large copper system plunging to depth. Many major Pyrite Belt deposits extend 500 to 1000 meters down-dip, demonstrating the potential scale remaining completely untested by existing drilling.

Ongoing Exploration Upside

Beyond resource definition drilling underway at La Romana, Pan Global’s 100% controlled Escacena Project encompasses an extensive 5,760 hectare land package with numerous early-stage base and precious metal prospects. Additional targets like Cañada Honda, Barbacena, El Pozo, and Romana Deep offer substantial upside potential for new discoveries through continued exploration.

Combined with resource growth potential from La Romana itself, Pan Global offers investors tremendous leverage to exploration success in a proven mineral belt. As drilling continues to demonstrate wider discovery potential, investors can anticipate increasing value attribution to Pan Global’s dominant district-scale landholding around La Romana.

Conclusion for Investors

With mineralization open along strike and at depth at La Romana, plus numerous untested exploration targets, further catalysts for growth are anticipated. As Pan Global continues resource definition drilling and advances its pipeline of prospects, investors can expect a steady news flow highlighting the wider copper discovery potential of the Escacena Project. For investors looking to capitalize on the coming copper boom, Pan Global offers exceptional leverage to value-accretive discoveries in a premier jurisdiction for new mine development.