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Tim Moody of Pan Global Resources Inc. talks to Eric Coffin | Metals Investor Forum Sept. 2026

Metals Investor Forum Sep 25, 2026 14:15

Summary

Pan Global hit 80+ meters at roughly 1.5 g/t gold in a Spanish epithermal system no one knew existed before their discovery.

Carmenes is 30 km from Escacena on the same regional fault, letting one team run both copper and gold targets.

The new land area brings 15+ undrilled massive sulphide outcrops, giving Pan Global nine months of funded drilling.

La Romana is a small, open-pittable VMS copper deposit with simple metallurgy that anchors a target-rich Iberian Pyrite Belt package.

Historic 9 g/t gold resource at nearby Carmenes mine predates NI 43-101 — appeal pending but Pan Global expects to win.

Eric Coffin's takeaways

  • Top takeaway The guest argues PGZ is under-followed and frames it as a discovery story, urging viewers to 'start paying attention' because the new targets are fresh and not retreads of old work.
  • The guest contends the Carmenes gold find could be a major gold discovery because nobody knew gold was on the property before PGZ found it, citing that as evidence the team can find things others missed.
  • The guest argues the upside is in the multiple untested targets at Escacena and the new gold project rather than incremental expansion of La Romano, and that PGZ has multiple drill catalysts lined up.

Tim Moody's takeaways

  • Top takeaway Tim Moody, CEO, describes how soil sampling upslope of old mine workings (up to 20 g/t Au) and rock samples (+10 g/t Au) led to the drill program at Carmenes, calling it a really exciting find from systematic exploration.
  • Moody says the Carmenes breccia system is multi-phase with multiple high-grade orientations, and reports the most recent hole may have been close to true thickness, arguing that supports the scale potential of the system.
  • Moody outlines the near-term plan: build a 3D wireframe of Carmenes while drilling the Profunda target about 1km to the south, then return to drill deeper into the breccia system once the geometry is better understood.
  • Moody discusses the second property won via tender, an historic gold deposit drilled by R2Z in the 1980s and a JV partner thereafter, and argues it sits in the same rocks along the same regional fault as Carmenes, so the two together could form a bona fide gold project.