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Pan Global Resources ( (TSE:PGZ) ) has issued an update.
Pan Global Resources has reported positive step-out drilling results from six holes at the La Romana copper-tin-silver deposit in its Escacena Project in southern Spain, with intercepts including 6 meters grading 1.26% copper and 5 meters grading 1.01% copper with significant tin and silver. The new holes extend higher-grade mineralization by about 50 meters down-dip and indicate the system plunges a further 125 meters to the northwest, while also confirming additional near-surface copper in the hanging wall and footwall, supporting the potential for a larger conceptual open pit. These results will feed into the company’s maiden mineral resource estimate for Escacena, which is currently in progress and expected to clarify the scale and quality of the deposit as Pan Global continues step-out drilling in 2026 to further extend the 1.7-kilometer mineralized trend.
Spark’s Take on TSE:PGZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:PGZ is a Neutral.
Pan Global Resources is currently facing substantial financial and operational challenges, as indicated by ongoing losses and lack of revenue. While recent corporate events show promising exploration results, the lack of financial stability and valuation concerns weigh heavily on the overall stock score.
To see Spark’s full report on TSE:PGZ stock, click here.
More about Pan Global Resources
Pan Global Resources is a mineral exploration company focused on copper, tin and silver deposits at its 100%-owned Escacena Project in the Iberian Pyrite Belt in southern Spain. The company is advancing the La Romana deposit, where it has completed nearly 39,000 meters of drilling to support a maiden mineral resource estimate and potential open-pit development in a well-known European mining district.
Average Trading Volume: 266,987
Technical Sentiment Signal: Sell
Current Market Cap: C$44.11M
Find detailed analytics on PGZ stock on TipRanks’ Stock Analysis page.