Pan Global Resources Reports High-Grade Gold Discovery in Spain's Providencia and Launches New Drilling Program
Pan Global Resources Unveils High-Grade Gold Findings in Providencia
Pan Global Resources Inc. has made significant strides in their mining exploration activities in Spain. The company, which operates under the ticker symbols TSX-V: PGZ, OTCQB: PGZFF, and FRA: 2EU, recently reported compelling high-grade gold results from its Providencia project located in the north of Spain.
As per their release on March 25, 2026, the recent surface sampling has yielded impressive results: specifically, a segment of 3.0 meters grading 29.8 g/t gold. This exceptional finding comes from a broader interval of 6.0 meters which returned an average grade of 15.0 g/t gold. Notably, within this interval, a particularly high sample recorded a peak grade of 43.8 g/t gold over 1.0 meter. These findings not only showcase the project's potential for high-grade gold but also indicate the presence of platinum and palladium, with preliminary values reported at 1.06 g/t and 0.82 g/t respectively in some samples.
Current Drilling Program
In response to these high-grade discoveries, Pan Global is now actively undertaking a follow-up drilling program that involves 1,000 meters of drilling across seven boreholes in the Providencia target area. This program aims to assess the continuity, orientation, and extent of the gold mineralization, which was first identified during drilling conducted in 2025. Tim Moody, President and CEO of Pan Global, expressed enthusiasm about the ongoing work, stating, "The exceptionally high gold readings observed at surface in Providencia have directly influenced the design of our current drilling program."
Ongoing Exploration and Sampling
Additionally, the company has commenced channel sampling in a newly accessed underground tunnel, about 30 meters below previous sampling sites, where notable sulfide mineralization has been found within breccia formations. The objective of this underground work is to further understand the mineralized system's continuity and refine the structural model of the area. Pan Global plans to release results from the drilling and underground sampling efforts as they become available.
Technical Summary of the Findings
The Providencia deposit is being interpreted as an epithermal gold mineralization, structurally controlled and indicating a robust potential for surface-exposed mineralization. Previous trenching and channel sampling efforts have successfully uncovered mineralized zones, confirming the existence of high-grade gold resources continuing both at depth and beyond previous mining operations.
| Sample ID | Length (m) | Au (g/t) | Pt (g/t) | Pd (g/t) |
|---|---|---|---|---|
| --- | -- | -- | -- | -- |
| D825251 | 1.0 | 0.08 | 0.00 | 0.01 |
| D825252 | 1.0 | 0.33 | 0.04 | 0.02 |
| D825253 | 1.0 | 30.20 | 0.80 | 0.55 |
| D825254 | 1.0 | 15.35 | 0.87 | 0.82 |
| D825255 | 1.0 | 43.80 | 1.06 | 0.82 |
| D825256 | 1.0 | 0.30 | 0.01 | 0.01 |
| D825257 | 1.0 | 0.15 | 0.01 | 0.01 |
Total (Samples 2-7 average): 6.0 m at 15.02 g/t Au
High-grade section (Samples 3-5): 3.0 m at 29.78 g/t Au
These results affirm the robust mineral potential of the Providencia project, and further exploration could unveil even greater resources. Moreover, over 20 new geochemical and geophysical targets have been identified for follow-up sampling and potential drilling across the broader Cármenes project area.
About the Cármenes Project
The Cármenes project lies within the Rio Narcea Gold Belt, approximately 55 kilometers north of León. It consists of five exploration permits covering a total of 5,653 hectares, where Pan Global holds a 100% interest. The region is recognized for its significant potential, featuring multiple copper, nickel, cobalt, and gold mineralization bodies formed in hydrothermal breccia within carbonate formations. Historically, the area hosts former mining operations dating back to the 1930s, which produced copper and cobalt concentrates, further highlighting its mineral-rich history.
Pan Global Resources' Vision
Pan Global Resources is focused on actively exploring and developing copper-rich, gold, and other metal deposits. Given the current high demand for copper driven by global electrification and energy transition, along with the record prices of gold, the company is well-positioned in a strategically significant mining jurisdiction. Boasting a proficient management team with a solid track record in exploration, discovery, and development, Pan Global is committed to advancing their projects responsibly and sustainably.
For more information on Pan Global Resources, interested parties can visit their company profile on Curation Connect and explore the AI-generated insights into their inquiries.
Contact Information
For inquiries related to Pan Global Resources, and to explore their ongoing projects further, please contact:
Jason Mercier, VP Investor Relations and Communications
Email: [email protected]
Phone: +1-236-886-9518
This exciting update from Pan Global Resources not only underscores the potential of the Providencia project but also highlights the company's commitment to sustainable mining practices in its operational regions. As drilling progresses, stakeholders are eager to monitor the developments of this promising prospect.
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