Pan Global Reports Significant Gold Discoveries and Launches Follow-Up Drilling Program in Spain
Pan Global Resources Reports Extensive Gold Discoveries
In March 2026, Pan Global Resources Inc. made headlines by announcing high-grade gold results from its Providencia site as part of its ongoing exploration efforts in Spain. The company reported an impressive gold grade of 29.8 grams per ton (g/t) over 3.0 meters, within a broader segment of 6.0 meters averaging 15.0 g/t gold. This discovery is part of a larger follow-up drilling program consisting of seven drill holes totaling 1,000 meters at the Cármenes project in Northern Spain.
Noteworthy Discoveries
The exceptional results were derived from channel sampling conducted on newly exposed surface rocks at Providencia. Not only do these samples confirm significant gold mineralization near the surface, but they also showed remarkable levels of platinum and palladium. Notably, one of the samples achieved a peak result of 43.8 g/t gold over a 1.0-meter length, indicating a rich mineral deposit that could be valuable for future mining operations.
"The remarkably high-grade mineralization found at the surface at Providencia has directly influenced the planning of our current drilling program," stated Tim Moody, President and CEO of Pan Global. This current phase of drilling follows encouraging results from initial drilling in 2025, further driving the company’s efforts to assess the continuity and extent of the mineralization both along strike and at depth.
Continued Exploration Efforts
In addition to the surface work, the company is conducting channel sampling in a recently opened underground tunnel, approximately 30 meters below previous underground testings. Here, embedded sulfidic mineralization has been identified within breccias. This part of the ongoing exploration is essential for assessing the continuity and refining the structural model of the mineralized system.
The results from both the drilling program and underground sampling will be released as they become available, providing further insight into the potential of the Providencia target.
Technical Overview of the Providencia Target
The Providencia area is believed to contain epithermal, structurally-controlled gold mineralization surrounded by characteristic breccia formations. Surface trenching and sampling have exposed these mineralized zones, while drill results from 2025 confirm high-grade gold continuity. The exploration strategy focuses on both surface and underground explorations in this historically rich mining region.
Sampling Results
The sampling strategy involved taking channel samples across prepared rock faces to accurately represent the mineral distribution. The following table highlights the key sampling results:
| Sample ID | Sample Length (m) | Gold (g/t) | Platinum (g/t) | Palladium (g/t) |
|---|---|---|---|---|
| ---- | ---- | -- | ---- | ------ |
| D825251 | 1.0 | 0.08 | 0.00 | 0.01 |
| D825252 | 1.0 | 0.33 | 0.04 | 0.02 |
| D825253 | 1.0 | 30.2 | 0.80 | 0.55 |
| D825254 | 1.0 | 15.35 | 0.87 | 0.82 |
| D825255 | 1.0 | 43.8 | 1.06 | 0.82 |
| D825256 | 1.0 | 0.30 | 0.01 | 0.01 |
| D825257 | 1.0 | 0.15 | 0.01 | 0.01 |
| Overall | 6.0 | 15.02 | 0.46 | 0.37 |
Future Directions
The Cármenes project, situated in the Rio Narcea gold belt near León, comprises over 5,600 hectares of exploration licenses, all 100% owned by Pan Global. This area has shown significant potential for multiple rich mineral clusters of copper, nickel, cobalt, and gold. The landscape of former mining operations highlights the likelihood of further breccia-type mineralization existing in the region.
Pan Global is keen on expanding its exploration initiatives, including over 20 new geochemical and geophysical targets identified for future sampling across the project area.
As the global demand for metals like copper and gold continues to rise, Pan Global’s robust exploration strategy positions it well to capitalize on the upcoming opportunities in the mining sector. With a competent team equipped with significant expertise in mining exploration, Pan Global is committed to sustainable mining and community respect while actively pursuing new mineral discoveries that could contribute to a greener and electrified future.
For further information about Pan Global Resources, visit their website at www.panglobalresources.com.
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