Pan Global Resources Inc. reports exploration and development news for copper, gold and polymetallic mineral projects in Spain. Company updates focus on the 100%-owned Escacena Project in the Iberian Pyrite Belt of southern Spain and the Cármenes Project in northern Spain, including drilling, surface and underground sampling, assay results, target generation and mineralization at deposits and targets such as La Romana, Cañada Honda, El Pozo, Providencia and Profunda.
Recurring announcements also cover NI 43-101 technical reporting and initial mineral resource estimates for Escacena, plus corporate presentations to mining-sector investor conferences.
Pan Global Resources (PGZFF) reported additional near-surface gold drill results from Providencia at its wholly owned Cármenes Project in northern Spain.
PVD18 returned 7.29 grams of gold per tonne over 9.0 meters from 1.0 meter downhole, including 28.10 grams per tonne over 2.0 meters. PVD17 returned 1.53 grams per tonne over 38.0 meters from 17.0 meters downhole, including 2.25 grams per tonne over 25.0 meters. PVD19 returned several gold intervals and a separate uncut interval of 0.81 grams per tonne over 30.0 meters from surface; that interval is not directly comparable to cut-off-based results.
Mineralization remains open in several directions and at depth. The 12-hole Phase 3 program continues, with assays pending for three holes, including PVD22 still in progress. A first drilling program at nearby Profunda is scheduled to begin shortly.
Pan Global Resources (PGZFF) secured a €250,000 non-repayable Spanish government grant through its wholly-owned subsidiary Minera Sabina to accelerate Escacena exploration. The award, approximately C$400,000, provides non-dilutive funding for mapping, soil sampling, geophysical surveys and diamond drilling, with funded work scheduled to begin immediately.
Drilling is underway to expand the Cañada Honda mineral resource at Escacena North. A helicopter electromagnetic and magnetic survey at Escacena South has been completed, with interpretation underway to define drill targets. Testing the highest-priority southern targets depends on receiving required permits. A drill rig is also testing the Providencia target at the Cármenes Project in northern Spain.
Pan Global Resources (PGZFF) reported new drill results from hole PVD16 at the Providencia target on the 100%-owned Cármenes Project in northern Spain, including 83 m averaging 1.74 g/t gold from 9 m depth.
The interval includes several higher-grade zones such as 9 m at 4.88 g/t Au, 2 m at 12.57 g/t Au, 12 m at 2.65 g/t Au and a peak of 32.2 g/t Au over 0.5 m. Assays also show associated copper, nickel, cobalt, silver, platinum and palladium within a 500 m x 200 m carbonate breccia system. The company states that high-grade mineralization extends to surface, remains open along strike and at depth, and appears to strengthen east and south of the historical Providencia mine, indicating potential to expand the mineralized footprint. Pan Global reports it is well-capitalized and continues Phase 3 drilling, with assays pending from four holes and further drilling planned at the nearby Profunda target.
Pan Global Resources (PGZFF) reports that its tender bids for the Salamón Gold Project in León Province, northern Spain, have been accepted by the regional Directorate General of Energy and Mines, with final award subject to resolution of an appeal by a competing bidder.
The project comprises two mineral exploration permits covering 19 mining grid units totalling approximately 532 hectares, secured through a competitive public tender in Castile and León. Salamón lies along the 100‑km León Fault, about 30 km east of Pan Global’s Cármenes Project, in an area with established mining culture and infrastructure. The company expresses confidence that its bid will ultimately be confirmed.
Pan Global Resources (PGZFF) reported high-grade gold and polymetallic drill results from the Phase 3 campaign at the Providencia target on the 100%-owned Cármenes Project in northern Spain.
Drillhole PVD15 intersected 15.0 m from surface grading 3.90 g/t Au, 0.04% Cu, 0.11% Ni and 0.12% Co, including 8.0 m of 6.79 g/t Au with 0.50 g/t Pt and 0.28 g/t Pd, and a higher-grade interval of 1.0 m at 18.55 g/t Au with 2.13 g/t combined Pt+Pd. Holes PVD12–PVD14 returned broad zones of lower-grade gold and Cu-Ni-Co mineralization that outline the margins and continuity of the breccia-hosted system, while PVD11 returned no significant results.
Soil geochemistry has identified a new Cu-anomalous target 400–800 m southwest of Providencia, and Phase 3 drilling has been expanded from eight to 12 holes, with assays pending for PVD16–PVD19.
Pan Global Resources (OTCQB: PGZFF) reported new surface and underground channel sampling results from the Providencia target at its 100%-owned Cármenes Project in northern Spain. Surface sampling outlined a continuous 80-meter near-surface zone grading 2.36 g/t gold, including 3.21 g/t Au over 23 meters, 7.40 g/t Au over 8 meters and a previously reported 20.18 g/t Au over 5 meters.
Underground channel sampling on the 1438m Level returned polymetallic mineralization including 2.40% Cu, 0.83% Ni, 0.27% Co and 0.25 g/t Au over 9 meters, with higher-grade sub-intervals up to 6.96% Cu and 2.34% Ni over 2 meters. According to Pan Global, the results expand gold and copper‑nickel‑cobalt mineralization beyond historical mine workings, support a model of a widening breccia system open laterally and at depth, and define a new higher-grade gold zone southeast of the historic workings. An eight-hole diamond drill campaign is in progress, with assays pending for six completed holes.
Pan Global Resources (OTCQB: PGZFF) reported a major exploration update at its 100%-owned Escacena Project in Spain.
The project area expanded to 16,745 hectares. Phase 2 drilling began at the Cañada Honda copper-gold deposit (8 holes, ~2,500 m) within a 3 km gravity/HEM anomaly, supported by new SQUID IP, AMT and soil geochemistry targets. At El Pozo, hole PZD04 cut 1.2 m grading 440 g/t Ag, 0.93 g/t Au and 0.85% Cu. A helicopter EM and magnetic survey at Escacena South starts in July, alongside permitting for priority Trinidad and Carmen drill targets and a fully funded 20,000 m drill program over 12–18 months.
Pan Global (OTCQB: PGZFF) reported twin saw-cut channel sampling at Cármenes returned 20.2 g/t Au over 5.0 m (average of five 1.0 m samples) including a 51.2 g/t Au 1.0 m bonanza. Underground mapping shows >180 m of sulphide and hematite breccia, expanding the footprint to ~100m x 60m and open at depth. The Providencia drill program has been expanded to eight holes (~1,200 m) and district-scale exploration continues across 25+ targets.
Pan Global Resources (OTCQB: PGZFF; TSXV: PGZ) will present at Deutsche Goldmesse Spring 2026 in Frankfurt on May 15–16, 2026.
Company management will hold investor meetings and present to European investors at The Westin Grand Frankfurt. Registration is available via the Deutsche Goldmesse investor portal.
Pan Global (OTCQB: PGZFF, TSXV: PGZ) reported surface channel sampling at Providencia returning 3.0m at 29.8 g/t Au within 6.0m at 15.0 g/t, including a peak 1.0m at 43.8 g/t Au. Platinum and palladium were also anomalous. A seven-hole, 1,000m follow-up drill program has commenced and underground channel sampling is underway.
Work aims to test continuity, orientation and depth extent of epithermal breccia-hosted mineralization; results and further assays will be released when available.