Heat a large pot of water to boil for pasta.
Heat a large skillet over medium-high heat with EVOO, 2 turns of the pan. Add pancetta and render to golden and crisp at edges, 3 minutes. Add garlic and shallots, stir to coat in drippings, then add peas and asparagus and sauté 3-4 minutes to tender crisp. Season with salt and pepper. Add wine, evaporate and remove from heat.