Pan Global Resources Discovers High-Grade Gold Near Surface at Cármenes Project in Spain

Pan Global Resources Inc. has announced remarkable results from its recent sampling campaigns at the Cármenes project located in northern Spain. The company, operating under the ticker symbols TSX-V: PGZ and OTCQX: PGZFF, has revealed high-grade gold findings that could significantly impact its future mining endeavors in the region.

Overview of the Findings

The sampling results from the Providencia target included notable high-grade gold metrics such as 3.11 grams per tonne (g/t) of gold over a stretch of 37 meters, with peak values reaching 7.70 g/t over 6 meters. Additionally, surface trench samples indicate 1.74 g/t Au and 11.2 g/t Ag over 20 meters, underscoring the richness of the area and its potential for extensive mining operations.

Currently, an initial drilling program at the Providencia site is underway, having been expanded to include three additional drill holes aimed at exploring a broader area following recent sampling successes. The historical context of the site adds to its intrigue; while mining activities in the past (notably in the 1930s) predominantly extracted copper and cobalt, gold extraction was minimal, leading to a lack of modern exploration prior to Pan Global’s involvement.

Project Cármenes

The Cármenes project spans 5,653 hectares, situated approximately 55 kilometers north of León. This area is rich in geological formations conducive to copper, nickel, cobalt, and gold, particularly in the form of