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

Pan Global Discovers High-Grade Mineralization in Spain

Pan Global Resources Inc. is making headlines with the recent exploration results from its Cármenes project located in northern Spain. The company announced the discovery of significant high-grade copper, cobalt, nickel, and gold mineralization in the area known as Providencia.

The Cármenes Project

The Cármenes project is fully owned by Pan Global and spans approximately 5,653 hectares. It includes historical mining sites and is situated within the same geological belt as the well-known Orovalle copper-gold mine. This project is particularly noteworthy due to historical production of copper and cobalt, making it a prime location for further exploration.

Recent Findings

New channel sampling has revealed remarkable results, including:

• - 4.17% Copper (Cu)
• - 2.68% Nickel (Ni)
• - 1.28% Cobalt (Co)
• - 0.88 grams/tonne Gold (Au)

The results suggest a robust, sulfide-rich breccia zone in the Providencia mine area, indicating a strong potential for expanding mineral resources. These findings confirm the high grades observed historically in mined areas and open up exciting possibilities for future extraction and exploration.

In total, the channel samples collected over a breadth of 1,467 meters have demonstrated high concentrations of these valuable minerals, confirming the presence of extensive sulfide mineralization. The peak results included 11.0% Cu, 4.47% Ni, 2.47% Co, and 1.34 g/t Au over a 1-meter interval.

Future Exploration Plans

Following these promising results, Pan Global is actively drilling to examine the versatility of mineralization within the breccia zone. Specifically, the focus will be on exploring further west, where the channel samples have indicated the highest levels of mineralization. Currently, drilling activities are underway, targeting a newly identified gold prospect adjacent to the historical mining site, which had previously reported high gold contents in surface samples.

Geological Insights

Geological mapping and surface sampling indicate that the mineralization at Providencia is part of a larger, zoned, hydrothermal breccia system. Preliminary geochemical studies have also identified a variety of key target areas within the Cármenes project, emphasizing its rich geological potential. The company expects these areas, including Profunda—located one kilometer south of Providencia—to present promising opportunities for future exploration.

Broader Implications for the Market

The significance of this discovery extends beyond Pan Global’s immediate prospects. With copper being heralded as a critical metal for global electrification and energy transition, the demand is only expected to rise, making the discovery of high-grade deposits invaluable.

As a company committed to sustainable practices and collaboration with local communities, Pan Global stands out in the mining sector. It aligns with the United Nations Global Compact principles, ensuring a responsible approach to mining and environmental considerations.

Conclusion

The expansion of high-grade copper-cobalt-nickel-gold targets at the Cármenes project marks a significant advancement for Pan Global Resources Inc. The ongoing drilling campaign reinforces the company’s commitment to uncovering and developing mineral resources that can meet the burgeoning demand driven by technological advancements and global energy needs. The upcoming results are highly anticipated and may further enhance the company’s position in the mining landscape.

For more updates and detailed information, interested parties are encouraged to follow Pan Global Resources’ official communications.