#Spain #gold #Cármenes #Copper #PAN Global Resources

Pan Global Resources Reports High-Grade Discoveries in Cármenes Project

Pan Global Resources Inc. recently announced significant findings from its Cármenes project, located in Northern Spain. This mining venture is becoming increasingly promising due to the latest drill results that highlight rich deposits of gold and copper, enhancing the project's overall potential.

Recent Drill Results

During their initial drilling campaign, two key holes—labeled PVD03 and PVD04—produced spectacular results. PVD03 yielded a high-grade interval of 2.19 g/t of gold over 4 meters, while PVD04 showcased 1.05 g/t of gold over 10 meters along with impressive copper and nickel findings, marking a critical step for the exploration company.

The results underscore the presence of broad intervals of gold-bearing breccia, including 56 meters at 0.37 g/t gold and an even more extensive 110 meters at 0.23 g/t gold. These findings signify excellent potential for bulk tonnage at shallow depths in the area's geological structure.

Geophysical Insights and Future Plans

The company expressed enthusiasm about several untested geophysical targets identified during a recent airborne survey. These indicate the likelihood of more gold and copper discoveries in the region surrounding Cármenes. Currently, Pan Global is focusing on the Providencia target, which has never been drilled before, suggesting an uncharted potential for mineralization in the area.

The upcoming drilling efforts will extend further into high-potential zones around Providencia, utilizing data gathered from previous trench sampling that returned values as high as 3.11 g/t gold over 37 meters. With three additional holes planned for drilling, the urgency and excitement surrounding the prospective bounty in Cármenes are palpable.

Project Overview

The Cármenes project encompasses 5,653 hectares situated approximately 55 kilometers north of León. Historically rich in resources, it has previously hosted active mines for copper, cobalt, and nickel, aligning with Pan Global's strategy to capitalize on mining areas with promising geological features. The vast mineral bodies are linked to hydrothermal conditions, crucial for the formation of rich mineral deposits.

Pan Global aims to explore areas that have been overlooked, leveraging extensive geological experience and a robust exploration team to maximize the project's potential.

Commitment to Sustainable Mining

As pressures mount for sustainable mining practices, Pan Global is dedicated to conducting its exploration with a strong emphasis on environmental stewardship, safety, and community impact. The mining company is also a member of the United Nations Global Compact, aligning its operations with global standards for corporate responsibility.

In conclusion, the latest drill results from the Cármenes project reinforce the potential for a substantial gold and copper resource in Spain. With the upcoming exploration plans and positive geological indicators, Pan Global Resources is at the forefront of what could be a significant mining discovery, potentially shaping the region's mineral landscape for the years to come.

Stay tuned for more updates as Pan Global Resources continues its exploration endeavors in this historically rich and promising area of Northern Spain.