#Spain #Pan Global #Cármenes #copper mining #Cármenes Gold

Pan Global Resources Launches Phase 2 Drilling at Cármenes Gold Project

Introduction
Pan Global Resources Inc. has officially re-commenced its drilling operations at the Cármenes Project, located in northern Spain. This move comes as part of the much-anticipated Phase 2 drilling campaign which is aimed at exploring the extent of gold mineralization discovered during the initial drilling phase. Following the successful intercepts achieved in Phase 1, which included an impressive 3.01 g/t Au over 34m from hole PVD06, the company is now eager to unravel more about this promising mineral-rich site.

Expanding Horizons
The Phase 1 drilling program provided valuable insights, revealing significant near-surface gold mineralization. The targeted drillholes in Phase 2 are designed to enhance the understanding of the geological layout, particularly in areas that indicate potential extensions of gold-rich breccia. According to Tim Moody, President and CEO of Pan Global, this next phase of drilling will strategically test zones associated with a strong induced polarization (IP) anomaly. This anomaly suggests a continuous mineralization trend that could extend deeper than the historical workings of the former mines in the area, indicating not only the presence of gold but also high-grade copper, nickel, and cobalt mineralization.

Geological Insights
Recent geological mapping and surface sampling at the Providencia target highlighted the existence of a substantial, multi-phase hydrothermal breccia system predominantly situated in carbonate rock formations. This geological feature spans over 300 meters by 150 meters and has open areas indicating numerous prospects for further exploration. These types of deposits are known for their substantial vertical dimensions, often exceeding 1 km, suggesting an extensive mineralization potential which could significantly boost the project's outputs.

Investment and Exploration Potential
With a total of five investigation permits covering 5,653 hectares, the Cármenes Project is strategically located about 55 kilometers north of León, a region rich in mining history. The area encompasses previously operational mines, such as Profunda and Providencia, which were active until the 1930s, primarily producing copper and cobalt concentrates. The scope of the Cármenes Project is bolstered by local infrastructure, which is essential for efficient extraction operations.

Company Overview
Pan Global Resources Inc. continues to position itself as a leader in the exploration and development of base and precious metals. The firm is diligently focused on strengthening their portfolio, which includes the flagship Escacena Project, known for its favorable location in the Iberian Pyrite Belt, an area identified for its high mining potential. As global demand for critical metals, particularly copper, surges due to the energy transition and electrification trends, Pan Global is poised to capitalize on these market dynamics.

Conclusion
The restart of drilling at the Cármenes Project marks an exciting chapter for Pan Global Resources. With promising initial results and plans for extensive exploration, the firm is keen to unravel the potential that lies beneath the surface. As exploration progresses, stakeholders eagerly await further updates and hopefully, more signs of valuable mineralization from this thriving gold and copper project in northern Spain.