Pan Global samples one m of 11% Cu at Carmenes

Executive Summary

• Pan Global reported high‑grade channel sampling at the historic Providencia mine (Carmenes project) with peak assays of 11.0% Cu, 4.47% Ni, 2.47% Co and 1.34 g/t Au over a 1 m interval.
• The sulphide‑rich breccia zone is open in multiple directions and extends from surface to at least 120 m depth; additional drilling is underway to test expansion of both base‑metal and gold mineralization, with results expected in September.
• Ongoing drilling continues at the flagship Escacena project (La Romana copper‑tin‑silver deposit) and surface work has begun on a new “Profunda” target, while the company advances selection of a consultant for an NI 43‑101 technical report and maiden resource estimate.

Key Details

• Channel Sampling – Providencia Target (Carmenes):
• 86 continuous saw‑cut channel samples collected at 1,467 m elevation (≈18–32 m below surface).
• Peak interval: 11.0 % Cu, 4.47 % Ni, 2.47 % Co, 1.34 g/t Au and 7.0 g/t Ag over 1 m (sample D825354).
• High‑grade intervals correlate with sulphide‑rich breccia; gold also occurs in black sandy limestone and red hematitic‑dolomite breccia zones lacking significant base metals.

• Breccia geometry described as “pipelike” from surface to ≥120 m depth, open laterally and at depth.

• Drilling – Providencia Gold Target:

• Current drill program testing a newly identified gold‑in‑soil, trench and channel anomaly east of historic workings.

• Final hole of this phase nearing completion; assay results anticipated September 2026.

• Geological Mapping & Surface Sampling – Profunda Target:

• Initiated ~1 km south of Providencia; expands exploration footprint across multiple high‑priority targets within Carmenes.

• Escacena Project Update (Southern Spain):

• Two drill rigs active, targeting expansion of La Romana copper‑tin‑silver deposit and testing surrounding targets.

• Selection process underway for a consultant to prepare an NI 43‑101‑compliant technical report and maiden mineral resource estimate for La Romana.

• Qualified Person: Alvaro Merino, VP Exploration, qualified under NI 43‑101, approved the scientific and technical information (not independent).

• QA/QC Procedures: Samples processed at ALS facilities (Seville & Ireland) using standard CRU‑31, SPL‑22Y, PUL‑31 methods; gold by 50‑g fire assay with ICP finish; multi‑element analysis via four‑acid digest and ICP‑AES.

Notable Quotes

• “The Carmenes project is a compelling opportunity to discover significant high‑grade copper, nickel, cobalt and gold associated with hydrothermal breccia mineralization at multiple targets,” – Tim Moody, President & CEO.
• “Additional drilling is required to test for expansion of the high‑grade sulphide breccia zone… Drilling is currently investigating potential for more extensive gold mineralization east of the mine workings.” – Tim Moody.