#Spain #Pan Global #Cármenes Project #León #High-Grade Gold

Pan Global Resources Takes Big Steps with High-Grade Gold Discoveries at Cármenes Project

In an exciting development for the mining industry, Pan Global Resources Inc. has reported promising results from its ongoing exploration at the Cármenes project located in northern Spain. The company, which is known for its focus on mining high-value mineral deposits, has pinpointed high-grade gold levels not far from the surface, strengthening the project’s allure for investors and stakeholders alike.

Promising Drill Results

During the latest phase of drilling, results showed notable intercepts, including 8 meters averaging 3.5 grams per tonne (g/t) of gold and another 10 meters at 1.2 g/t in drill hole PVD10. These findings are particularly significant as they include native free gold found within hematite breccias, indicating favorable metallurgical conditions for extraction.

Following these promising indicators, chief executive Tim Moody expressed optimism about the implications for future mining operations. He stated, “The drilling results continue to confirm the presence of high-grade gold mineralization near the surface, strongly associated with hematite breccia zones. The identification of free native gold within the breccias supports the potential for favorable metallurgy.”

A Rich Historical Context

The Cármenes project sits in the famed gold belt of the Rio Narcea, approximately 55 kilometers north of León. This area is historically rich in mineral resources, having hosted significant mining activity in the past, including the former Profunda and Providencia mines that produced copper and cobalt concentrates. With over two dozen unexplored gold and polymetallic targets identified, the project holds immense potential for further discoveries.

The company plans to commence Phase 3 of its drilling program in the first quarter of 2026, aimed at defining the full extent of the mining system and assessing additional drilling targets across the Cármenes area.

Geophysical Data and Exploration Potential

Recent hydrothermal breccia mapping within a 500 m by 200 m area has revealed anomalous geochemical results in copper and gold, suggesting the existence of a far more extensive polymetallic and gold system in the vicinity of Providencia. Furthermore, geophysical surveys show that mineralization continues open at depth beneath the historic mines.

The upcoming phase of drilling will focus on testing a newly identified gold zone, which averages 1.74 g/t Au and 11.2 g/t Ag over a 20-meter trench, scheduled for drilling in 2026. Such findings reinforce the project's potential for wealth creation and sustainability in mineral extraction.

Footnotes and Future Direction

As the company prepares for the next phase of its project development, it is committed to operating within strict environmental standards and maintaining transparency with its stakeholders. Alongside Tim Moody, Pan Global’s team of talented professionals is dedicated to leveraging innovative exploration techniques to maximize resource recovery safely.

In conclusion, the Cármenes project continues to emerge as a focal point within the mining sector, buoyed by its promising findings and the historical context that has shaped its development. With each subsequent phase of drilling, expectations rise, not only for Pan Global Resources but for the broader mining community looking to invest in high-potential mineral projects.

For more information, visit Pan Global Resources’ official website or consult the latest investor updates as they prepare for the next milestone in their exploration journey.