Pan Global Resources Reports Significant Gold and Copper Samples from Cármenes Project in Northern Spain

Pan Global Resources Reports Significant Findings



Pan Global Resources Inc. has recently released promising results from its Cármenes Project located in northern Spain. The geochemical analysis, conducted on soil and rock samples from the Providencia target within the project, highlights high concentrations of valuable metals, including up to 24.3 grams per ton (g/t) of gold and 16.2% of copper.

The comprehensive exploration initiated at Cármenes aims to tap into the minerals found in the area, such as gold, copper, nickel, and cobalt. The latest sampling has confirmed a substantial geological target, measuring around 250 meters by 150 meters, surpassing previously mined areas. Notably, out of the analyzed samples, 49 demonstrated an impressive average of 5.8 g/t of gold, pointing to the potential richness of the site.

Explorative Techniques and Results



The exploration team collected a total of 1,089 soil samples over an extensive area measuring 1.8 km by 1.5 km, scrutinizing anomalies historically linked to Previous mine sites. The results from portable X-ray fluorescence (pXRF) analyses have illuminated significant copper deposits and indicated areas yet to be explored thoroughly, showing further potential for discovering additional mineralizations.

Recent excavations at Providencia and Profunda mines, previously operational in the 1930s, have yielded essential insights regarding the mineral formations. Not only were historical mining sites assessed, but new surface anomalies were identified, with concentrated samples yielding results as high as 10.6 g/t of gold from rock samples.

"The new data from Cármenes that highlight notable levels of copper, gold, and other metals is highly encouraging. Our initial findings suggest that the mineralization footprint at Providencia is larger than previously expected, showcasing significant gold potential," expressed Tim Moody, CEO of Pan Global.

Future Steps



Moving forward, the team anticipates further results from trench sampling activities and underground collections at the Profunda target, aiming to uncover more about the depths of these mineral-rich sites. Two drilling machines are currently engaged in operations at the nearby Escacena Project, while preparations are being made to commence the first drilling at Providencia soon.

Additionally, the Company has initiated a helicopter-borne survey, focusing on electromagnetic and magnetic data across the Cármenes Project to expedite the identification of new targets for further investigation.

About the Cármenes Project



The Cármenes Project is situated approximately 55 kilometers north of León, Spain, encompassing five exploration permits over 5,653 hectares. The area is recognized for hosting unique bladed deposits of carbonated minerals with copper, nickel, cobalt, and gold. Recent achievements in exploration signal a thriving potential for mining activities in this promising region, which continues to attract attention for its mineral wealth.

Pan Global Resources is actively pursuing the extraction of these essential minerals, driven by robust market fundamentals supporting long-term copper demand, increased electrification, and the broader energy transition. The Company is committed to developing these mineral resources while maintaining a focus on environmental and community standards as part of its operational ethos.

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