#Spain #Pan Global #Cármenes #Cármenes Project #gold exploration

Significant Discoveries at Cármenes Project

Pan Global Resources Inc., operating under the TSXV code PGZ, has recently made headlines with its impressive findings from the Cármenes Project located in northern Spain. The company's commitment to exploring copper, gold, nickel, and cobalt resources has yielded some promising gold assay results from the Providencia target area.

High-Grade Gold Results

The latest exploration efforts have confirmed high-grade gold results from both underground channel and surface trench sampling. Notably, a continuous channel sample returned 3.11 g/t of gold over 37 meters, with intervals that included peaks of 7.70 g/t over a span of 6 meters. Additionally, significant silver values were noted, with results showing 11.2 g/t of silver over 20 meters. These findings are intriguing as they suggest a rich near-surface mineralization, which has been further confirmed by ongoing sampling activities at the site.

Expanding Drilling Program

In light of these promising results, Pan Global has decided to expand its drilling program. The first drillhole, currently in progress, is targeting extensions of high-grade mineralization just beneath the historical mine workings. The company plans to add three more drillholes to explore the newly identified mineralization zone, expanding the exploration beyond the confines of previous excavations. This move highlights the significant potential of the Providencia target, especially given the absence of modern exploration historically conducted in the area since the mining operations ceased in the 1930s.

Historical Context

Historically, the Providencia area was known for high-grade copper and cobalt production, but no substantial gold extraction records exist. The exploration led by Pan Global has unveiled a new gold zone, marking a turning point for the project. The company aims to leverage historical mining knowledge while integrating contemporary exploration techniques to uncover more potential resources.

Geological Insights

The geology of the Providencia target is characterized by a 250m x 150m soil geochemistry anomaly, indicating the possibility for mineralization to stretch beyond historical mine workings. Previous mining engaged in high-grade copper and cobalt extraction, but now with the newfound focus on gold, there’s optimism regarding the economic viability of the Cármenes Project. Assay results are also being processed for additional targets like the Profunda target located 1km south of Providencia.

Future Prospects

As exploration continues, the Pan Global team is poised to unravel further potential within the Cármenes Project. In conjunction with the promising gold findings, the company is also exploring the exceptional copper, nickel, and cobalt possibilities that this region holds. The project’s extensive historic mining records, coupled with modern analytical methods, create an elegant tapestry of opportunity for Pan Global Resources.

While we await further assay results and additional drilling outcomes, the initial findings at Providencia undeniably signal a bright future for Pan Global and its stakeholders. With a strong ethos centered around sustainability and strategic resource management, the company is well-positioned to thrive in the ever-evolving landscape of global mineral exploration.