# PAN GLOBAL COMMENCES PHASE 2 DRILLING AT CA&\#xD1;ADA HONDA DEPOSIT: PROVIDES ESCACENA PROJECT UPDATE, SPAIN

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--e0971b39-5074-4c46-909c-e3c6df8d195f

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: 2026-08-24 05:04:45 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Pan Global has commenced Phase 2 drilling at the Cañada Honda copper-gold deposit and expanded the Escacena Project area to over 16,745 hectares. The update also highlights new drill targets generated from recent geophysical surveys and a high-grade polymetallic intercept at the El Pozo target.

Reasoning: The company is advancing its flagship project through new drilling phases and land expansion, supported by encouraging geophysical data, though no new major discovery grades were reported in this specific update.

- Positive factor: Phase 2 drilling commencement

- Positive factor: Project area expansion

- Positive factor: New drill targets identified via geophysics

- Positive factor: High-grade polymetallic intercept at El Pozo

Facts used in scoring: 6

## Classification and evidence

No classification tags are available.

## 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-staging.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--e0971b39-5074-4c46-909c-e3c6df8d195f#fact-drill-facts-0)

Escacena · silver

#### Identity

- Hole ID: PZD04
- Project: Escacena
- 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

#### Classification

- Sample Type: drill
- Group ID: PZD04:101.0-102.2

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### 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 this corridor.

- Positive factor: High grade silver intercept

Evidence · table

> 440

Context: 1.2

### PZD04

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--e0971b39-5074-4c46-909c-e3c6df8d195f#fact-drill-facts-1)

Escacena · gold

#### Identity

- Hole ID: PZD04
- Project: Escacena
- 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

#### Classification

- Sample Type: drill
- Group ID: PZD04:101.0-102.2

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-06-29T00:00:00.000Z

Reasoning: Moderate gold grade within a polymetallic interval.

Evidence · table

> 0.93

Context: 1.2

### PZD04

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--e0971b39-5074-4c46-909c-e3c6df8d195f#fact-drill-facts-2)

Escacena · copper

#### Identity

- Hole ID: PZD04
- Project: Escacena
- 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

#### Classification

- Sample Type: drill
- Group ID: PZD04:101.0-102.2

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-06-29T00:00:00.000Z

Reasoning: Solid copper grade in a narrow interval.

Evidence · table

> 0.85

Context: 1.2

### PZD04

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--e0971b39-5074-4c46-909c-e3c6df8d195f#fact-drill-facts-3)

Escacena · lead

#### Identity

- Hole ID: PZD04
- Project: Escacena
- 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

#### Classification

- Sample Type: drill
- Group ID: PZD04:101.0-102.2

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-06-29T00:00:00.000Z

Reasoning: Trace lead present.

Evidence · table

> 0.40

Context: 1.2

### PZD04

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--e0971b39-5074-4c46-909c-e3c6df8d195f#fact-drill-facts-4)

Escacena · zinc

#### Identity

- Hole ID: PZD04
- Project: Escacena
- 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

#### Classification

- Sample Type: drill
- Group ID: PZD04:101.0-102.2

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-06-29T00:00:00.000Z

Reasoning: Trace zinc present.

Evidence · table

> 0.10

Context: 1.2

### PZD04

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-commences-phase-2-drilling-at-ca-xd1-ada-honda-deposit-provides-escac--e0971b39-5074-4c46-909c-e3c6df8d195f#fact-drill-facts-5)

Escacena · antimony

#### Identity

- Hole ID: PZD04
- Project: Escacena
- 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

#### Classification

- Sample Type: drill
- Group ID: PZD04:101.0-102.2

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-06-29T00:00:00.000Z

Reasoning: Antimony is a deleterious element.

- Negative factor: Presence of antimony

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.