10:09 AM EDT, 09/04/2024 (MT Newswires) -- Pan Global Resources ( PGZFF ) reported Wednesday additional soil geochemistry and new gravity survey results for the maiden exploration program on the Bravo target within the Escacena project in Spain.

Panl Global's share price jumped 13% at last look to $0.13 on the TSX Venture Exchange. This comes after the stock fell to 52 week lows yesterday.

The company said the soil geochemistry results confirmed samples ranging from 300 parts per million (ppm) to 1,252 ppm lead-zinc, including up to 1,115 ppm lead and 886 ppm zinc.

The ground gravity survey results also confirmed a strong gravity anomaly with surface dimensions approximately 2.0 kilometers by 1.5 kilometers.

"The new soil sample geochemistry and gravity survey results further support our view that the large Bravo target could represent concealed volcanogenic massive sulphide mineralization beneath shallow cover, similar to Pan Global's nearby La Romana copper-tin-silver discovery," President and CEO Tim Moody said. "The new survey results double the size of the lead plus zinc surface anomaly from the initial soil sampling reported last month and confirm a large coincident gravity anomaly."

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