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  • Providencia drillhole PVD15 intersects 15 meters grading 3.90 g/t gold, 0.04% copper, 0.11% nickel and 0.12% cobalt, commencing from surface
  • Includes 8 meters of 6.79 g/t gold and grades up to 18.55 g/t gold over 1 meter with 2.13 g/t combined platinum and palladium
  • Gold and polymetallic mineralization extends beyond historical mine workings and remains open along strike and at depth
  • New target found from 400 to 800 meters southwest of Providencia with similar alteration and elevated copper-in-soil; gold assaying underway

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VANCOUVER, British Columbia, Sept. 09, 2026 (GLOBE NEWSWIRE) — Pan Global Resources Inc. (“Pan Global” or the “Company”) (TSXV: PGZ; OTCQB: PGZFF; FRA: 2EU) is pleased to announce new assay results from five drillholes from the ongoing Phase 3 drill campaign at the Providencia target, (“Providencia”) within the Company’s 100%-owned Cármenes Project (“Cármenes”) in northern Spain.

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The results continue to demonstrate that gold and copper-nickel-cobalt mineralization from surface extends beyond the historical Providencia mine workings, within a large, multiphase hydrothermal breccia system favourable for potential high grades.

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Drillhole PVD15 returned the strongest gold intersection from the current phase of drilling, with 15 meters grading 3.90 g/t gold, 0.04% copper, 0.11% nickel and 0.12% cobalt from surface, including:

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  • 8 meters grading 6.79 g/t gold, 0.03% copper, 0.12% nickel and 0.11% cobalt, including 0.50 g/t platinum and 0.28 g/t palladium; and
  • 1 meter grading 18.55 g/t gold, 1.39 g/t platinum and 0.74 g/t palladium

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PVD15 commenced in mineralization from surface and confirms high gold grades extending beneath previously reported surface channel sampling that returned 20.18 g/t gold over 5 meters.

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“The latest drilling continues to demonstrate significant exploration potential at Providencia, with gold and polymetallic mineralization extending well beyond the historical copper-cobalt-nickel mine workings,” said Tim Moody, President and CEO of Pan Global.

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“PVD15 is particularly encouraging, with strong gold and polymetallic mineralization from surface and an association that supports our interpretation of a potentially more proximal, higher-temperature part of the system. The mineralization remains open both along strike and at depth, providing scope for further expansion.”

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Drilling, surface and underground channel sampling, and geophysical data continue to support the interpretation that the mineralized system widens at depth and remains open laterally and vertically.

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New copper anomalies identified by expanded soil geochemistry southwest of Providencia also provide additional targets, bringing the total to more than two dozen targets identified and being prioritized across the Cármenes Project.

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At the Company’s Escacena Project in southern Spain, a second drill rig is performing step-out drilling at the large Cañada Honda copper-gold target and deposit. Assay results from the ongoing drilling will be reported when available.