#Spain #Pan Global #Cármenes #Cármenes Project #Profunda Target

Exciting High-Grade Copper Findings at Cármenes Project in Spain Reveal Potential for Further Discoveries

Pan Global Resources Reports High-Grade Copper in Cármenes Project

Introduction

In a significant development for the mining industry, Pan Global Resources Inc. has reported remarkable findings from their Cármenes Project in northern Spain. The company has revealed high-grade copper results from underground channel sampling at the Profunda target, underscoring the project's promising potential.

Significant Findings

Pan Global's recent sampling efforts returned an impressive average of 3.62% copper (Cu), along with cobalt (Co), nickel (Ni), and silver (Ag). Among the 27 samples collected, notable measurements include 25.7% Cu, 0.37% Co, and 41.7 g/t Ag over a 1-meter stretch. Furthermore, 5.2% Cu, 0.14% Co, and 5.9 g/t Ag were reported over a 5-meter length. These results highlight not only the quality of the mineralization but also indicate the area’s potential for extensive high-grade deposits.

Profunda Target Area

The Profunda target, part of the Cármenes Project, spans a significant area measuring 500m x 150m, confirmed by preliminary soil sampling data. Sampling was conducted in an area previously mined for copper and cobalt, which last saw operations in the early 1930s. The recent findings suggest a continuous high-grade mineralization that may lead to the discovery of more significant resources.

Mining History

Historically, the Profunda mine was known for producing high-grade copper and cobalt from a breccia body, which is akin to the conditions observed at nearby Providencia target. Mining activities ceased in the early 1930s, yet the surrounding geological conditions suggest the presence of similar structures waiting to be explored.

Current Explorations

Pan Global is actively drilling at the Providencia target, located about 1 kilometer north of Profunda. Early results from this target have mirrored the high-grade results seen in Profunda, reflecting the company’s optimism about discovering more valuable mineral deposits. The drilling in this area aims to validate the continuity of high-grade mineralization previously indicated through sampling and mapping activities.

Additional Geological Analysis

Geological investigations and mapping at the Profunda site suggest that the breccia mineralization is closely related to fault structures trending east-west. This geographical characteristic enriches the site’s potential and opens avenues for discovering additional mineralization beyond historical mining activities.

Future Prospects

As part of its exploration strategy, Pan Global will continue detailed surface sampling and geological mapping, seeking to outline the surface extent of mineralization while refining geological models ahead of future drilling campaigns. The company has also conducted a Helicopter Transient Electro-Magnetic (HTEM) survey, the results of which are still under analysis.

Broader Implications

The Cármenes Project is not only promising for immediate resource extraction; it is also indicative of Spain’s rich mining potential—especially for copper, which is becoming increasingly critical for global energy transition initiatives. With copper's strong market demand, Pan Global is set to tap into a lucrative sector that aligns with wider environmental and economic goals.

Conclusion

In conclusion, Pan Global Resources' latest findings at the Cármenes Project's Profunda target signify a breakthrough in high-grade copper discovery. As the company continues to explore this historically rich mining area, the potential for future mineral discoveries remains robust, promising strong prospects for resource development in Spain.