#Pan Global #GOLD DISCOVERY #Cármenes Project

Significant Gold Discovery at Cármenes Project

Pan Global Resources Inc. has made an announcement that has sent ripples through the mining sector, revealing impressive results from their initial drilling at the Cármenes Project located in northern Spain. With the first drill campaign underway, the company is hitting significant gold mineralization near the surface, marking a pivotal moment for their operations.

The first drillhole, identified as PVD02, uncovered a remarkable 46 meters of mineralization averaging 1.08 g/t gold, including a particularly high-grade section of 4 meters at 6.27 g/t gold. This finding is monumental, as it validates previous geological assessments and confirms the potential for substantial gold deposits in an area that was historically untested for gold, further emphasizing the unexplored riches beneath the surface.

Project Background

The Cármenes Project is strategically located approximately 55 km north of León and spans 5,653 hectares across five investigation permits, a region rich in copper, cobalt, nickel, and now gold. This area is particularly promising as it contains historical mining sites that operated until the early 1930s, primarily targeting copper and cobalt, but surprisingly without any past records of gold extraction. The backdrop of historical copper and cobalt mining sets an exciting precedent for discovering new mineralization types.

Implications of the Discovery

Tim Moody, the President and CEO of Pan Global Resources, expressed enthusiasm about these findings. He remarked that the results represent not just an exceptional start, but a **