Pan Global Resources Unveils New High-Priority VMS Target in Escacena South Area

Vancouver, BC - November 6, 2025 – Pan Global Resources Inc. (TSXV: PGZ, OTCQB: PGZFF, FRA: 2EU) has made significant progress with the identification of a new volcanogenic massive sulphide (VMS) target in the recently awarded Escacena South locale in southern Spain. This discovery is a promising update for the company's ongoing commitment to explore and expand its mineral rights in a region historically rich in mining resources.

Expansion of Mineral Rights

The Escacena South area has seen the expansion of mineral rights to an impressive 10,000 hectares, nearly doubling the overall surface area of the Escacena Project. This new acquisition came into effect following the awarding of mineral rights for the Flores, Rosario, and Girasoles areas in September 2025. Pan Global’s strategic expansion reflects the company’s focus on both the copper and other mineral-rich opportunities within the Iberian Pyrite Belt.

Exploration Advancements at Multiple Targets

Current exploration efforts in this new area are focused on the Bravo target within the Escacena Project, alongside ongoing drilling at the Providencia target in the Cármenes Project. Preliminary assessments of the Escacena South region highlight potentials such as strong surface mineralization, indicated by recent field observations confirming copper-bearing minerals over a 1-kilometer trend.

Insights from Historical Data

The identification of the new VMS target is reinforced by historical exploration data and an initial field inspection of past mine workings, particularly at the Trinidad and Carmen sites. Additionally, critical insights have been gathered from the Geological Survey of Spain's public database as well as unpublished geophysical survey maps from the 1980s, which form a comprehensive framework for the exploration initiative.

Promising Indicators of VMS Mineralization

The strategic assessments have spotted significant surface evidence of mineralization and positive geochemical signatures along with strong geological indicators consistent with VMS-type accumulations. Notably, the assessment highlighted a significant untested gravity anomaly extending approximately 3.5 kilometers along strike, which coincides with the historical Trinidad and Carmen mine workings last operated in the 1940s.

Assay results from previous rock grab samples collected in the region reflect promising grades, such as up to 6.3% Cu, 2.45% Sn, and 48.6 g/t Ag. Such findings strongly suggest the potential for discovering new VMS deposits through systematic exploration.

Strategic Importance of Escacena South

Pan Global's President and CEO, Tim Moody, emphasized the significance of the Escacena South area as one of the last remaining, largely unexplored sections of the Iberian Pyrite Belt. The company views this as an extraordinary opportunity to advance its mineral discovery efforts. Moody stated, “Historical mine workings, encouraging surface geochemistry, and large gravity and magnetic anomalies are all key indicators pointing to the possibility of volcanogenic massive sulphide deposits in this unexplored area.”

Future Steps and Continued Growth

Moving forward, Pan Global aims to advance the Trinidad and Carmen areas to the drilling stage expeditiously, contingent upon acquiring necessary permits. Concurrently, evaluations of other promising targets within the wider Escacena South region are actively ongoing. The company is committed to adhering to stringent protocols in both safety and environmental stewardship as it expands its exploration efforts.

With developments underway at both Escacena and Cármenes Projects, Pan Global Resources continues to position itself as a key player in the exploration for copper-rich mineral deposits. The company’s strategy aligns with global energy transitions, where copper is in high demand due to its critical role in electrification efforts.

For more information about Pan Global Resources and its projects, you can explore their comprehensive showcases and updates online.