10:10 AM EST, 03/04/2025 (MT Newswires) -- Pan Global Resources ( PGZFF ) , which lost more than 10% on Monday, was edging higher on Tuesday after saying it started drilling at the Bravo target at the company's copper, tin, gold, silver Escacena Project, in southern Spain.

The company said the first phase of drilling is expected to be completed by mid-year and will include up to eight wide-spaced drillholes to test for VMS mineralization associated with geophysics and geochemistry anomalies.

"The geophysics at Bravo shows many of the signatures associated with the company's nearby La Romana copper-tin-silver discovery, enhancing the potential for mineralization," said Pan Global Chief Executive Tim Moody. "Based on its size and location, Bravo is a high-priority target amongst several previously untested targets in this highly prospective area for significant volcanogenic massive sulphide ("VMS") associated mineralization."

The recently completed 18.2-line-km IP geophysics survey identified chargeability and resistivity anomalies coincident with the Bravo gravity anomaly, which indicate potential extensions or repetitions of the geology trend hosting the La Romana mineralization 1km to the west of Bravo.

The company added that the current planned 7,000m multi-target drill program at the Escacena Project may be expanded depending on the results.

Price: 0.14, Change: +0.01, Percent Change: +3.85