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Yes, both shotguns are built on the AR12 platform and can use the same magazines

Bill, yes Sir. The Panzer normally uses the ProMag MKA 1919 Drum which has the same magazine tower as AR-12 Magazines. Examples are SDS AR-12 Magazines, VR Series Magazines, MKA 1919 Magazines and Drums : https://www.budsgunshop.com/product_info.php/products_id/714020477/promag+mka+1919+12ga+275%22+20rd+drum