# PAN GLOBAL COMMENCES PHASE 2 DRILLING AT CA&\#xD1;ADA HONDA DEPOSIT: PROVIDES ESCACENA PROJECT UPDATE, SPAIN Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--2b2a839c-a041-4363-9805-25e56a21cd1f Original source: https://money.tmx.com/en/quote/PGZ/news/6108483097622108/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac Publisher: tmx Original announcement: 2026-06-29T11:38:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Pan Global Resources Inc. - Ticker: PGZ - Exchange: TSX - Region: Spain - Primary commodity: Copper - Secondary commodities: Gold, Silver, Lead, Zinc, Antimony - Document categories: Drill results, Other - Extracted: 2026-09-12 18:32:54 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Pan Global Resources has commenced Phase 2 drilling at the Cañada Honda copper-gold deposit and expanded its Escacena Project area to 16,745 hectares in Spain. The company also reported a high-grade polymetallic intercept at the El Pozo target and is planning a 20,000-meter drill program over the next 12-18 months. Reasoning: The release reports a high-grade polymetallic intercept at El Pozo and announces the expansion of the Escacena project area alongside the start of a new drilling phase at Cañada Honda. - Positive factor: high-grade polymetallic intercept reported at El Pozo - Positive factor: expansion of project area to 16,745 hectares - Positive factor: commencement of Phase 2 drilling at Cañada Honda - Positive factor: QA/QC protocols clearly disclosed including certified lab and standards Facts used in scoring: 6 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release details sampling, duplicate, and standard protocols, and names ALS as the certified laboratory. Evidence · text > Samples were delivered to certified and accredited ALS laboratory ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### PZD04 [Link to this fact](https://atlas-extractions.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--2b2a839c-a041-4363-9805-25e56a21cd1f#fact-drill-facts-0) Escacena North · silver #### Identity - Hole ID: PZD04 - Project: Escacena North - Commodity: silver - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 440 - Grade Unit: g/t - Intercept: 1.2 m - From: 101 m - To: 102.2 m - Hole Depth: 226.1 m - Intercept Depth: 101 m #### Classification - Sample Type: drill - Group ID: PZD04:101-102.2 - Mining Method: unknown #### Location - Location: El Pozo - Easting: 735067 - Northing: 4155610 - CRS: UTM29N ERTS89 - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: 440 g/t Ag is a strong intercept for a polymetallic target. - Positive factor: high-grade silver intercept Evidence · table > 440 Context: 1.2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Recent geophysical and geochemical surveys have generated additional drill targets and continue to highlight the potenti" #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: 440 g/t Ag is a high-grade intercept in this polymetallic context. Evidence · table > 440 Context: 1.2 ### PZD04 [Link to this fact](https://atlas-extractions.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--2b2a839c-a041-4363-9805-25e56a21cd1f#fact-drill-facts-1) Escacena North · gold #### Identity - Hole ID: PZD04 - Project: Escacena North - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 0.93 - Grade Unit: g/t - Intercept: 1.2 m - From: 101 m - To: 102.2 m - Hole Depth: 226.1 m - Intercept Depth: 101 m #### Classification - Sample Type: drill - Group ID: PZD04:101-102.2 - Mining Method: unknown #### Location - Location: El Pozo - Easting: 735067 - Northing: 4155610 - CRS: UTM29N ERTS89 - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: 0.93 g/t Au is a moderate grade within a high-grade polymetallic interval. Evidence · table > 0.93 Context: 1.2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Recent geophysical and geochemical surveys have generated additional drill targets and continue to highlight the potenti" ### PZD04 [Link to this fact](https://atlas-extractions.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--2b2a839c-a041-4363-9805-25e56a21cd1f#fact-drill-facts-2) Escacena North · copper #### Identity - Hole ID: PZD04 - Project: Escacena North - Commodity: copper - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 0.85 - Grade Unit: % - Intercept: 1.2 m - From: 101 m - To: 102.2 m - Hole Depth: 226.1 m - Intercept Depth: 101 m #### Classification - Sample Type: drill - Group ID: PZD04:101-102.2 - Mining Method: unknown #### Location - Location: El Pozo - Easting: 735067 - Northing: 4155610 - CRS: UTM29N ERTS89 - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: 0.85% Cu is a strong grade for a polymetallic intercept. Evidence · table > 0.85 Context: 1.2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Recent geophysical and geochemical surveys have generated additional drill targets and continue to highlight the potenti" ### PZD04 [Link to this fact](https://atlas-extractions.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--2b2a839c-a041-4363-9805-25e56a21cd1f#fact-drill-facts-3) Escacena North · lead #### Identity - Hole ID: PZD04 - Project: Escacena North - Commodity: lead - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 0.4 - Grade Unit: % - Intercept: 1.2 m - From: 101 m - To: 102.2 m - Hole Depth: 226.1 m - Intercept Depth: 101 m #### Classification - Sample Type: drill - Group ID: PZD04:101-102.2 - Mining Method: unknown #### Location - Location: El Pozo - Easting: 735067 - Northing: 4155610 - CRS: UTM29N ERTS89 - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: 0.4% Pb is a minor component of the polymetallic interval. Evidence · table > 0.40 Context: 1.2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Recent geophysical and geochemical surveys have generated additional drill targets and continue to highlight the potenti" ### PZD04 [Link to this fact](https://atlas-extractions.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--2b2a839c-a041-4363-9805-25e56a21cd1f#fact-drill-facts-4) Escacena North · zinc #### Identity - Hole ID: PZD04 - Project: Escacena North - Commodity: zinc - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 0.1 - Grade Unit: % - Intercept: 1.2 m - From: 101 m - To: 102.2 m - Hole Depth: 226.1 m - Intercept Depth: 101 m #### Classification - Sample Type: drill - Group ID: PZD04:101-102.2 - Mining Method: unknown #### Location - Location: El Pozo - Easting: 735067 - Northing: 4155610 - CRS: UTM29N ERTS89 - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: 0.1% Zn is a low-grade component. Evidence · table > 0.10 Context: 1.2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Recent geophysical and geochemical surveys have generated additional drill targets and continue to highlight the potenti" ### PZD04 [Link to this fact](https://atlas-extractions.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--2b2a839c-a041-4363-9805-25e56a21cd1f#fact-drill-facts-5) Escacena North · antimony #### Identity - Hole ID: PZD04 - Project: Escacena North - Commodity: antimony - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 0.52 - Grade Unit: % - Intercept: 1.2 m - From: 101 m - To: 102.2 m - Hole Depth: 226.1 m - Intercept Depth: 101 m #### Classification - Sample Type: drill - Group ID: PZD04:101-102.2 - Mining Method: unknown #### Location - Location: El Pozo - Easting: 735067 - Northing: 4155610 - CRS: UTM29N ERTS89 - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-06-29T00:00:00.000Z Reasoning: 0.52% Sb is a penalty element. - Negative factor: presence of antimony Evidence · table > 0.52 Context: 1.2 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Recent geophysical and geochemical surveys have generated additional drill targets and continue to highlight the potenti" #### Rejected tags **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent. Reason: Antimony \(0.52%\) is a penalty element. Evidence · table > 0.52 Context: 1.2 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.