Águilas Project (100% Owned)

Overview

• The Águilas Project includes nine Investigation Permits, covering approximately 16,300 hectares in northern Andalucia, Spain
• Main targets are major cross cutting fault zones in the Pedroches Batholith, including the Torrubia and Zumanjo Trends
• IOCG style Cu along the >16 km Northeast oriented Torrubia copper trend
• Mineral rights cover the >20km Northwest oriented Zumajo Mine Trend with high grade vein/breccia style Pb-Ag (Zn)
• Torrubia Trend – in May 2019 drilling confirmed wide zones of breccia and Iron Oxide Copper-Gold (IOCG) style mineralization over several kilometers strike length
• Results included 16m @ 0.30% Cu, 30.5ppm Co, 0.6 g/t Ag, 0.05 g/t Au in drill hole TOR-01, including 0.8m @ 2.65% Cu, 125ppm Co, 3 g/t Ag, 0.004g/t Au and 0.7m @ 1.85% Cu, 240ppm Co, 2.1 g/t Ag, 0.02 g/t Au, and 0.7m@ 0.55 g/t Au For complete May 2019 drill results please click here
• Reconnaissance drill holes completed in November 2019 at the Torrubia North target included seven wide-spaced diamond drill holes spread over approximately 1.6 km of strike with hole spacing from 150 to 600 meters and average hole length of 138 meters.
• Drill holes extend the Torrubia copper trend and confirm a steep west-dipping zone of multi-stage breccia up to 68 meters thick
• Several drill holes intersected strongly copper-mineralized clasts within the breccia, providing evidence of an early copper rich stage and exploration potential along the Torrubia structure at depth.
• High gold values in hole TN-06 are associated with quartz pyrite veins and indicate a separate gold stage

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Álvaro Merino P.Geo., Pan Global’s Vice President, Exploration, and a qualified person as defined by National Instrument 43-101, has reviewed the technical information that forms the basis for this webpage.