#Spain #Pan Global #Cármenes #Cármenes Project #Providencia

Pan Global Resources Announces Impressive Gold Findings at Providencia

Pan Global Resources Inc. has recently shared exciting news regarding significant gold findings at its Providencia target, part of the Cármenes Project located in northern Spain. The results indicate continuous high-grade gold mineralization, showcasing the potential of this area for future mining operations.

Key Highlights

The standout results from Providencia include:

• - High-Grade Gold: Recent surface sampling yielded 29.8 grams per ton (g/t) of gold over a length of 3.0 meters, included in a broader interval of 6.0 meters grading 15.0 g/t of gold. Moreover, there were peak assay values attained at 43.8 g/t gold over a one-meter segment.
• - Polymetallic Values: Alongside gold, notable values of platinum (1.06 g/t) and palladium (0.82 g/t) were also recorded, indicating a diverse mineralization which is promising for overall mineral resource estimation.
• - Follow-Up Drill Program: The company is launching a follow-up drilling program consisting of approximately 1,000 meters across seven drill holes to further investigate the extent and continuity of the mineralization at Providencia. This systematic approach aims to discern the mineralization's orientation, continuity, and depth characteristics, following up on the initial drilling efforts from last year that revealed a major near-surface gold discovery.

The Role of Channel Sampling

As part of enhancing the understanding of mineralization at Providencia, channel sampling is also conducted in a new lower underground tunnel identified during ongoing exploration activities. This underground survey, approximately 30 meters below previous sample locations, aims to evaluate the mineralized system's continuity while refining the structural model based on geochemical and geophysical research outcomes.

CEO Tim Moody remarked, “The exceptionally high-grade gold mineralization at surface at Providencia has directly informed the design of the current drill program.” He emphasized the importance of this discovery, which could significantly bolster the company's resource portfolio within the burgeoning European mining sector.

Cármenes Project Overview

The Cármenes Project, nestled within the Rio Narcea Gold Belt, encompasses five investigation permits spanning across 5,653 hectares. Historically, this region has been a hotspot for mining activities, particularly the former Profunda and Providencia mines, which primarily operated during the 1930s and yielded concentrates of copper and cobalt. This backdrop highlights the area's promise for discovering additional breccia mineralization, which can potentially reach vertical depths exceeding 1 km, thereby enhancing the overall value of the project.

The company’s previous endeavors in 2025 underlined a significant gold discovery, reinforcing the project's potential to yield high-grade copper, nickel, cobalt, and other metals critical for modern industry.

Future Prospects

Pan Global Resources is on a robust path to broaden its operational scope in Europe, committed to safe and environmentally respectful practices while exploring mineral resources. The recent announcements signify an optimistic outlook not just for Pan Global, but also for investors and stakeholders interested in the growing European gold and copper market. With exploration and drilling mobilized, results from both the current drilling program and underground channel sampling are eagerly awaited as the company strives to establish the full potential of the Cármenes target.

For more detailed information, interested parties can visit Pan Global Resources’ website.