#Spain #Pan Global #Cármenes #Cármenes Project #Gold Discoveries

Pan Global Resources Reports High-Grade Gold at Cármenes Project

Pan Global Resources Inc. has made strides at its fully owned Cármenes project, located in northern Spain, supplying exciting results from recent underground sampling efforts. The company announced high-grade gold results up to 3.11 grams per tonne (g/t) over a substantial width of 37 meters, indicating considerable mineralization near the surface. This development is particularly intriguing as the project is situated in a region with a rich mining history.

The sampling covered different areas, including the Providencia target, yielding notable results from both underground gallery samples and surface trench samples. These findings suggest high gold concentrations and confirm the potential for extending the mineralization eastward, beyond the historical mining operations.

The initial drilling program at Providencia has commenced, with three holes completed to explore the larger targeted zones. Results from previous underground channel samples showed consistent high grades, including intervals with 7.70 g/t Au over 6 meters. Similarly, surface trench sampling has highlighted additional gold and silver values, such as 1.74 g/t Au and 11.2 g/t Ag over 20 meters.

Tim Moody, President and CEO of Pan Global, remarked on the promising results: “Our first drill is underway, checking for extensions of high-grade mineralization below historically significant mining sites. We have scheduled three additional drill holes to test areas identified with promising gold content.” This emphasizes the company's commitment to capitalizing on newly identified gold zones, particularly as the region has shown limited exploration since the mining operations were active in the 1930s.

The historical mining at Providencia primarily focused on copper and cobalt extractions, but previous records offer little insight into gold workings, presenting a unique opportunity for Pan Global. The potential high-grade gold findings indicate that new exploration initiatives could uncover valuable resources.

Significantly, exploration efforts have concentrated on two historical underground galleries, where continuous channel samples have provided substantial intervals of gold. The company has noted these galleries, formerly used for exploratory purposes, are key to understanding the mineralization patterns in the region.

Additionally, Pan Global's Cármenes project encompasses 5,653 hectares characterized by multiple promising mineral clusters, including significant deposits of copper, nickel, cobalt, and now gold—enhancing the project’s overall economic viability. The proximity to the former mining sites adds to the allure, suggesting a continuity of valuable ore within the geological formations that shaped the region.

Furthermore, detailed geological assessments and results from extensive electromagnetic surveys across Cármenes are imminent, which will further clarify the mineral distribution and guide ongoing exploration efforts. The team at Pan Global is equipped with experienced professionals committed to environmentally responsible mining practices, ensuring community engagement and adherence to safety protocols.

In conclusion, Pan Global Resources is at the forefront of an exciting prospect with its Cármenes project. The high-grade gold findings are not only significant in potential output but also mark a revitalization of interest in historical mining areas that hold unexplored treasures. Investors and stakeholders are keenly observing the developments, with anticipation for future drill results and mineral assessments.

As the exploration continues and resource evaluations progress, the excitement surrounding Pan Global's venture into Spain reflects a broader trend of rediscovering hidden mineral wealth that the region has to offer.