11:03 AM EDT, 07/18/2024 (MT Newswires) -- Pan Global Resources ( PGZFF ) on Thursday released results for three additional holes from the drill program at the Canada Honda discovery on its Escacena Project in southern Spain.

The drill holes are part of an 11-hole step-out drill program at Canada Honda that started in November, with eight completed and three additional drillholes planned.

Highlights include 6.5 meters testing at 1.22 grams per tonne of gold and 14 meters of 0.46% copper.

"These latest drill results testing the northern edge of the gravity target at Canada Honda have successfully confirmed the down-dip continuation of the copper and gold mineralization and expanded the surface extent to more than 450m x 450m," said Tim Moody, Pan Global's chief executive.

The company's shares were last seen down $0.005 to $0.17 on the TSX Venture Exchange.