Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
Drill Results

PAN GLOBAL COMMENCES 2026 DRILL PROGRAM AT ESCACENA PROJECT, SPAIN

Pan Global Ignites 2026 Drill Campaign as Strategic Cash Injection De-Risks Multi-Target Exploration in Spain

By The Northwire Desk — AI Analysis Feb 23, 2026 · 07:27 PGZ · 0.15 Pan Global Resources Inc.
Executive Summary

The most recent news (February 23, 2026) announces the commencement of the 2026 drilling program at the 100%-owned Escacena Project in Spain. The campaign begins at the El Pozo target, described as a high-confidence Volcanic Massive Sulphide (VMS) target with a 1.6 km soil copper anomaly. This follows a series of February 2026 updates outlining a total 10,000-meter program across both the Escacena and Cármenes projects. The program is fully funded following the January 2026 closing of a $5.6 million private placement with a strategic investor.

Material Impact

The news is Routine - Positive. While the commencement of drilling is a standard operational step, its materiality is elevated by the context of the historical news: - Strategic Validation: The recent $5.6M financing at $0.16 (above current market price) by a "highly respected strategic investor with mine operating experience" provides a significant valuation floor and technical endorsement. - Resource Foundation: The company recently delivered a maiden Mineral Resource Estimate (MRE) at Escacena (Dec 2025), establishing 32.4Mt at 0.37% Cu (Indicated). The 2026 program is specifically designed to expand this toward a 100Mt target. - High-Grade Potential: Recent results from Cármenes (Feb 2026) showed high-grade gold (8m at 3.5 g/t Au), suggesting the 2026 program has multiple "discovery" levers beyond just expanding the known copper resource.

PGZ · Price
Company Overview

Pan Global is focused on copper-tin-gold discoveries in Spain. Its flagship Escacena Project is located in the Iberian Pyrite Belt, adjacent to world-class operating mines like Riotinto (Atalaya) and Los Frailes (Grupo Mexico). The project hosts the La Romana (Cu-Sn-Ag) and Cañada Honda (Cu-Au) deposits. The company also holds the Cármenes Project in Northern Spain, which recently yielded a significant new gold discovery.

Read the original news release →

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Drill Results