Pan Global Resources Provides Operational and Financial Update, Highlighting Progress at Flagship Spanish Copper Project

Vancouver-based Pan Global Resources Inc. (TSX-V: PGZ; OTCQB: PGZFF) is a copper exploration and development company focused on the prolific Iberian Pyrite Belt in southern Spain. In their latest news release, Pan Global provided an operational and financial update, summarizing progress made in 2022 and outlook for 2023.

The company had a successful 2022, completing over 16,600 meters of drilling across 10 targets at their Escacena and Águilas projects in Spain. Drilling at the La Romana discovery expanded the area of copper-tin-silver mineralization, and positive preliminary metallurgical tests showed high copper recoveries using conventional flotation. Pan Global also added key personnel and mining engineers to strengthen operations.

Looking ahead, Pan Global has an approved 20,000-meter drill program for Escacena in 2023, with a budget of $8.5 million. Key potential catalysts in the next 18 months include ongoing drill results, metallurgical tests, maiden resource estimation at La Romana in H1 2024, and engineering studies.

The update underscores Pan Global's rapid advancement of the flagship Escacena Project. With copper demand growing for electrification and energy transition, the company is well-positioned in a top mining jurisdiction. For investors seeking copper exposure, Pan Global offers an attractive early-stage opportunity. As drilling continues and the project advances towards development, investors should keep an eye on progress at Escacena.