08:06 AM EDT, 05/12/2025 (MT Newswires) -- Pan Global Resources ( PGZFF ) reported overnight Sunday the latest positive drill results from the Escacena project in Spain.

Highlights from the La Romana target include 8.0 meters at 1.57% copper equivalent while results from the La Pantoja target include 1.35 meters at 1.83% copper equivalent.

"The first results from the 2025 multi-target Escacena drill program confirm that the higher-grade copper-tin corridor at La Romana remains open to the northwest with the mineralized trend now extending over 1.7 kilometers east-west," said Tim Moody, president and CEO of Pan Global.

"The early results at La Pantoja confirm a new zone of copper-tin mineralization stratigraphically beneath La Romana, providing further confirmation of the potential for additional discoveries at the Escacena project," Moody said.

Pan Global said drilling continues at the Escacena project, with focus on the high-priority Bravo target, where wet weather initially hampered access.

The company is also drilling the Carmenes project in Spain.

Pan Global's share price closed 4.8% higher on Friday to $0.11 on the TSXV.