Pan Global Resources Identifies Promising Gold Zone Near Surface at Canada Honda Target
In a recent announcement, Pan Global Resources Inc. has made significant strides in its exploration efforts at the Canada Honda target, part of the Escacena Project located in southern Spain. The exploration has revealed broad zones of near-surface gold mineralization, which has been confirmed through extensive geological surveys. This comes after the completion of a major drilling campaign in 2024, during which 16 drill holes were drilled at the eastern edge of the Canada Honda target.
The most compelling finding is a continuous channel sample that showed an impressive gold grade of 1.14 grams per tonne (g/t) over a lengthy interval of 26 meters. This specific sample was extracted from a historical mine tunnel, showcasing the project's potential for both copper and gold mineralization. The exploration area spans about 3 kilometers, representing a gravity and electromagnetic (EM) anomaly that signals the possibility of a large mineral deposit beneath the surface.
Tim Moody, the President and CEO of Pan Global, emphasized the remarkable nature of these findings, stating, "This 26-meter section with a gold concentration of 1.14 g/t reaffirms the existence of significant near-surface mineralization at the Canada Honda discovery." He also noted that further exploration is necessary to investigate deeper mineralization at this promising site, where previous drilling has indicated the presence of copper-gold-bearing volcanogenic massive sulfide (VMS) and gold-rich veins. The recent drilling results have outlined a mineralized zone that extends both upward and downward from prior drilling sections, suggesting substantial continuity and depth to these deposits.
Additionally, while this announcement centers on the Canada Honda findings, Pan Global is also expanding its portfolio. The Escacena project area has grown significantly due to new mineral rights granted in September 2025, adding to the overall area controlled by the company. The introduction of new targets in the Escacena South area and ongoing exploration activities at the Cármenes project in Northern Spain signify a robust pipeline of opportunities for the company.
As the mining landscape becomes increasingly competitive, the value of copper and gold has seen a surge, with both commodities drawing favorable market projections for the future. Pan Global aims to harness these trends, with their flagship Escacena project strategically positioned in a region renowned for its rich geological framework and mining infrastructure.
Looking ahead, the company plans to conduct further geochemical sampling to evaluate the lateral extent of the gold mineralization and to refine its drilling targets through ongoing geological mapping and structural analysis. The upcoming Phase-2 exploratory drilling program for Canada Honda is scheduled for 2026 and is highly anticipated within the sector as the potential for resource expansion continues to grow.
In conclusion, the remarkable findings at Canada Honda herald a new chapter for Pan Global Resources, as the company establishes itself firmly in the southern Spanish mining sector. The ongoing efforts are supported by a highly experienced exploration team, dedicated to sustainable mining practices while maximizing the potential of their projects. As they move forward, stakeholders and investors alike will be watching closely for the results of future exploratory endeavors and their implications for the broader mining industry.
The most compelling finding is a continuous channel sample that showed an impressive gold grade of 1.14 grams per tonne (g/t) over a lengthy interval of 26 meters. This specific sample was extracted from a historical mine tunnel, showcasing the project's potential for both copper and gold mineralization. The exploration area spans about 3 kilometers, representing a gravity and electromagnetic (EM) anomaly that signals the possibility of a large mineral deposit beneath the surface.
Tim Moody, the President and CEO of Pan Global, emphasized the remarkable nature of these findings, stating, "This 26-meter section with a gold concentration of 1.14 g/t reaffirms the existence of significant near-surface mineralization at the Canada Honda discovery." He also noted that further exploration is necessary to investigate deeper mineralization at this promising site, where previous drilling has indicated the presence of copper-gold-bearing volcanogenic massive sulfide (VMS) and gold-rich veins. The recent drilling results have outlined a mineralized zone that extends both upward and downward from prior drilling sections, suggesting substantial continuity and depth to these deposits.
Additionally, while this announcement centers on the Canada Honda findings, Pan Global is also expanding its portfolio. The Escacena project area has grown significantly due to new mineral rights granted in September 2025, adding to the overall area controlled by the company. The introduction of new targets in the Escacena South area and ongoing exploration activities at the Cármenes project in Northern Spain signify a robust pipeline of opportunities for the company.
As the mining landscape becomes increasingly competitive, the value of copper and gold has seen a surge, with both commodities drawing favorable market projections for the future. Pan Global aims to harness these trends, with their flagship Escacena project strategically positioned in a region renowned for its rich geological framework and mining infrastructure.
Looking ahead, the company plans to conduct further geochemical sampling to evaluate the lateral extent of the gold mineralization and to refine its drilling targets through ongoing geological mapping and structural analysis. The upcoming Phase-2 exploratory drilling program for Canada Honda is scheduled for 2026 and is highly anticipated within the sector as the potential for resource expansion continues to grow.
In conclusion, the remarkable findings at Canada Honda herald a new chapter for Pan Global Resources, as the company establishes itself firmly in the southern Spanish mining sector. The ongoing efforts are supported by a highly experienced exploration team, dedicated to sustainable mining practices while maximizing the potential of their projects. As they move forward, stakeholders and investors alike will be watching closely for the results of future exploratory endeavors and their implications for the broader mining industry.
Topics Consumer Products & Retail）
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