Pan Global Resources Inc. announced results for two further drillholes from an 11-hole step out drill program at the Canada Honda copper-gold (Cu-Au) discovery, on the Company's 100% owned Escacena Project in the Iberian Pyrite Belt, southern Spain. Drilling has resumed, with additional holes planned targeting extensions of Canada Honda copper and gold mineralization. Copper-gold volcanogenic massive sulphide (VMS) style mineralization (pyrite, chalcopyrite), including stockwork, semi-massive and massive-sulphides hosted within shales, similar to the host rocks at the former Aznalcóllar and Los Frailes mines, 4km to the east; and Gold mineralization associated with quartz-sulphide (pyrite, and lesser chalcopyrite, sphalerite and arsenopyrite) veins and stockwork within folded and fractured shale and quartzites, in the structural hanging wall above the copper-gold mineralization.

The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. Escacena is located near the operating mine at Riotinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines where Minera Los Frailes/Grupo Mexico is in the final permitting stage with construction anticipated to start in 2024. The Escacena Project hosts Pan Global's La Romana copper-tin-silver and Cañada Honda copper-gold discoveries and a number of other prospective targets, including, Bravo, Barbacena, El Pozo, Romana Norte, San Pablo, Zarcita, Hornitos, La Jarosa, and Romana Deep.