#Spain #Pan Global #Cármenes Project #León #Copper Discovery

Copper Discovery by Pan Global Resources in Spain

In a remarkable development in the mining sector, Pan Global Resources Inc. has reported significant copper concentrations from its high-potential project located in northern Spain, known as the Cármenes project. The announcement, made on March 28, 2025, highlights an exceptional 5.2% copper concentration over a continuous stretch of 5 meters in the Profunda target area. This discovery is part of a series of underground channel samples which also exhibited notable levels of cobalt, nickel, and silver, showcasing the rich mineralization potential of the area.

Key Findings from the Sampling

The underground channel samples reveal an impressive average copper content of 3.62% across 27 samples collected from the site. Some of the exceptional findings include:

• - 25.7% Cu over 1 meter, accompanied by 41.7 g/t of silver, is a standout highlight, indicating the project’s strong potential for high-grade deposits.
• - 5.2% Cu with 5.9 g/t of silver over 5 meters, further substantiates the mineral richness.
• - Additional notable results include 8.5% Cu over 2 meters and 2.2% Cu over 3 meters, emphasizing the consistent quality of mineralization across multiple sampling areas.

The Profunda target area extends approximately 500 meters by 150 meters, suggesting substantial potential for discovering additional mineralization beyond the historical production sites.

Project Background

The Cármenes project, situated about 55 kilometers north of León, encompasses five exploration permits covering over 5,653 hectares. This region is historically known for past mining activity, particularly in copper, with previous operations occurring as recently as the early 1930s. The Profunda mine, a significant focus area, was previously recognized for producing copper, nickel, and cobalt concentrates. The continuous channel sampling undertaken aims to ascertain the continuity of these mineralization occurrences and guide future exploration efforts.

Tim Moody, President and CEO of Pan Global, expressed enthusiasm about these initial results, as they underscore the potential for significant high-grade mineralization at Profunda and its adjacent Providencia target area. "The results from Profunda illustrate continuous intersections featuring higher-grade mineralizations, confirming the geological prospectivity of the region," Moody remarked.

Ongoing Exploration Efforts

Actually ongoing drilling at the Providencia target aims to confirm the continuity of the mineralization and expand beyond previous production areas. Additionally, the company is conducting extensive surface sampling to delineate the surface extent of mineralization and refine its geological model ahead of deeper drilling.

Recent electromagnetic and magnetic surveys are also being evaluated to enhance the understanding of subsurface structures that may harbor valuable deposits.

The examination of channel samples provides a crucial understanding of the geology and potential extraction viability in the region. As more results are anticipated in the upcoming quarters, investor interest remains high on potential developments as Pan Global continues its exploration endeavors at Cármenes and beyond, including its Escacena project, which also focuses on high-grade copper and tin deposits.

Conclusion

This discovery marks an exciting chapter for Pan Global Resources, especially with copper being a critical metal for global electrification and energy transition initiatives. The promising results and ongoing exploration efforts reinforce the optimism surrounding the Cármenes project and the vast potential it holds for contributing to local and global mining sectors. Stakeholders eagerly await subsequent findings that could significantly influence the project's trajectory and its valuation in the market.