Pan Global Resources Inc. announced new drill results and the expansion of the La Romana mineralized target area at the Escacena Project in the Iberian Pyrite Belt, southern Spain. Exploration is also in progress on the adjoining Al Andaluz permit area within the Escacena Project where drilling has commenced at the La Jarosa target. Drill results: The latest drill results are from nine holes completed in 2021 in the Phase 4 drill program at the La Romana discovery.

Drill holes LRD90 and 92 tested near-surface extension up-dip from previous drill holes LRD05 and LRD31, respectively. Drill holes LRD98, 99 and 104 were aimed at extending the mineralization to the west. LRD 82, 83 and 88 tested down-dip extensions and hole LRD87 tested for mineralized extensions in the far east of the target area.

The results add near-surface copper and tin mineralization in the west and extends the mineralization to more than 1.2km strike. The latest drill results continue to show that the mineralization remains wide open in the west, up-dip and down-dip in some sections. The copper mineralization appears to plunge to the northeast where it remains open.

The primary mineralization includes mainly stockwork, semi-massive sulphides and bands of massive sulphide, with chalcopyrite as the primary copper mineral and cassiterite as the only observed tin mineral. The copper mineralization is also associated with elevated levels of silver, cobalt and gold. A metal zonation is also apparent, progressing from copper and tin in the west to copper and zinc in the east.

Drill hole LRD87 was a shallow test in the east and intersected a 27.4m thick mineralized zone grading approx. 0.5% Pb+Zn (0.18% Pb, 1.51% Zn) from 94m. Drill hole LRD88 tested approx.

50m down dip from hole LRD53 showing a shallow low grade oxide copper zone and several narrow intervals with anomalous copper, tin, cobalt, lead, zinc and silver.