Pan Global Resources' Survey Results Double from Initial Sampling Expanding Escacena Project Potential in Spain

• Pan Global Resources has doubled the size of the soil geochemistry anomaly at its high-priority Bravo target within the Escacena Project, Spain.
• The lead-zinc soil anomaly now extends over an area of 1.7km x 1.0km, coinciding with a substantial 2.0km x 1.5km gravity anomaly.
• These findings suggest the potential for concealed volcanogenic massive sulphide (VMS) mineralization beneath shallow cover.
• The Bravo target is strategically located between Pan Global's La Romana copper-tin-silver discovery and Grupo México's significant deposits.
• Pan Global is expanding its soil geochemistry survey to investigate the area between the Bravo target and the La Romana discovery.

Pan Global Resources Inc. (TSXV:PGZ) is focused on copper-rich deposits in Spain where the company's flagship Escacena Project is situated in the prolific Iberian Pyrite Belt, a region known for its rich mineral resources and favorable mining conditions. Pan Global's strategic approach combines exploration expertise with a commitment to sustainable practices and community partnerships. As a member of the United Nations Global Compact, the company operates under principles that prioritize environmental stewardship and social responsibility.

Bravo Target Expansion: A Game-Changer for Escacena

In a significant development announced on September 4, 2024, Pan Global Resources revealed a substantial expansion of the soil geochemistry anomaly at its high-priority Bravo target within the Escacena Project. This expansion marks a crucial milestone in the company's exploration efforts and potentially signals a major discovery in the making.

Doubling of Soil Anomaly Area

The most striking aspect of the announcement is the doubling of the soil lead-zinc (Pb-Zn) anomaly area at the Bravo target. The anomaly now covers an impressive 1.7km x 1.0km area, a significant increase from previous measurements. This expansion is not merely a numerical achievement; it represents a broader footprint of potential mineralization, greatly enhancing the prospect's attractiveness.

Coincident Gravity Anomaly

Adding weight to the soil geochemistry findings is a coincident strong gravity anomaly measuring 2.0km x 1.5km. The alignment of these two distinct geophysical indicators – soil geochemistry and gravity – provides compelling evidence for the presence of substantial mineralization beneath the surface. This correlation is particularly significant in the context of volcanogenic massive sulphide (VMS) deposits, which are known for their high mineral content and economic value.

The Bravo target's location adds another layer of strategic importance to these findings. Situated just 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 VMS deposits, Bravo occupies a prime position within a proven mineral-rich corridor. This geological setting suggests that Bravo could be part of a larger mineralized system, potentially hosting significant copper and other valuable mineral resources.

Detailed Survey Results & Methodology

Pan Global's thorough approach to exploration is evident in the extensive soil sampling campaign conducted at Bravo. A total of 1,188 soil samples, including 57 duplicates, were collected on a precise grid pattern with 40-meter spacing along lines 100 meters apart. This meticulous sampling strategy ensures comprehensive coverage of the target area and provides a high-resolution geochemical map.

Geochemical Analysis

The company employed both field and laboratory analytical techniques to ensure the accuracy and reliability of their findings:

• pXRF Analysis: Each sample was initially analyzed using a hand-held x-ray fluorescence (pXRF) device, providing rapid, on-site results.
• Laboratory Assays: To validate the pXRF results, 67 soil samples from two lines over the Bravo target were sent to ALS laboratory for multi-element geochemistry assays.
• Results Correlation: The laboratory assays confirmed a close correlation with the pXRF results for lead and zinc, lending credibility to the field measurements.
• Silver Anomaly: Importantly, the lab assays also revealed anomalous silver values up to 5.2g/t, coinciding with the lead-zinc and gravity anomalies. This additional precious metal component could significantly enhance the economic potential of any future discovery.

The gravity survey, completed with 788 stations on a detailed grid, revealed a strong anomaly exceeding 1.2 mGal over an area of approximately 2.0km x 1.5km. This gravity signature is consistent with the presence of dense, potentially mineralized rock masses beneath the surface, further supporting the hypothesis of a significant VMS deposit at Bravo.

Implications for Investors

For investors, the expansion of the Bravo target represents a significant de-risking of Pan Global's exploration efforts at Escacena. The larger anomaly area increases the probability of intersecting mineralization in future drilling campaigns, potentially leading to a major discovery. The coincidence of geochemical and geophysical anomalies is a particularly positive indicator, as it suggests a coherent target with multiple lines of supporting evidence.

Strategic Asset in a World-Class Mining District

The Iberian Pyrite Belt is renowned for its rich mineral endowment, hosting several world-class VMS deposits. Pan Global's Escacena Project, and particularly the Bravo target, is strategically positioned within this prolific belt. The proximity to existing mines and advanced projects (such as Grupo México's nearby operations) underscores the area's proven potential and could facilitate future development scenarios.

Diversification Within the Project

The expansion of the Bravo target adds another dimension to Pan Global's Escacena Project. With the La Romana discovery already demonstrating the presence of copper-tin-silver mineralization, the potential addition of a significant lead-zinc-silver deposit at Bravo could diversify the project's mineral portfolio. This diversification could enhance the overall economic robustness of Escacena, making it more resilient to fluctuations in individual metal prices.

Investors should take note of Pan Global's experienced leadership and technical team. The company's approach to exploration, as demonstrated by the comprehensive geochemical and geophysical surveys at Bravo, reflects a high level of expertise and methodical planning. This technical acumen increases the likelihood of exploration success and efficient resource delineation.

Next Steps & Potential Catalysts

Pan Global has outlined a clear path forward for the Bravo target, which could provide several near-term catalysts for investors:

• Detailed Modelling: The company will conduct detailed modelling of the final gravity data, refining their understanding of the subsurface structures.
• Additional Geophysical Surveys: Induced polarization and/or electromagnetic survey lines are planned over the peaks of the gravity and geochemistry anomalies. These surveys will provide additional three-dimensional information, further refining the target model.
• Drill Target Prioritization: Based on the comprehensive dataset, Pan Global will prioritize drillhole positions for the maiden Bravo drilling campaign.
• Expanded Soil Geochemistry Survey: The company is extending its soil sampling to investigate the area between Bravo and the La Romana discovery, potentially identifying additional targets or mineralized trends.

These upcoming activities have the potential to generate significant news flow and value-creating milestones for Pan Global Resources.

Conclusion

For investors looking at Pan Global Resources, the latest developments at the Bravo target present a compelling investment case. The doubling of the soil anomaly size, coupled with the strong gravity anomaly, significantly enhances the prospectivity of the Escacena Project. The company's strategic position in the Iberian Pyrite Belt, its methodical approach to exploration, and its commitment to sustainable practices create a solid foundation for potential value creation.

As Pan Global advances towards its maiden drilling campaign at Bravo, investors have the opportunity to participate in what could be a significant discovery story. The company's focus on copper and associated metals aligns well with the global trend towards electrification and renewable energy, potentially positioning Pan Global to benefit from long-term demand growth for these critical metals.

While exploration always carries inherent risks, the multiple layers of supporting evidence at Bravo, combined with the success already demonstrated at La Romana, suggest that Pan Global Resources offers an attractive risk-reward profile for investors seeking exposure to the mineral exploration sector. As the company progresses through its planned next steps, close attention should be paid to upcoming announcements, particularly the results of further geophysical surveys and, ultimately, the highly anticipated drill results from the Bravo target.