Pan Global Resources Reports Significant Gold and Copper Intercepts at Cármenes Project in Spain
Pan Global Resources Inc. has unveiled promising findings from its ongoing exploration at the Cármenes project located in northern Spain. The company is particularly excited about the results from drill holes PVD03 and PVD04, which indicate high-grade gold and copper mineralization.
The drilling campaigns have revealed several noteworthy intersections of high-grade minerals:
- Within this interval, higher grades of gold were reported as follows:
- 4 meters at 1.22 g/t from a depth of 64 meters;
- 10 meters at 1.05 g/t from a depth of 75 meters;
- 4 meters at 2.19 g/t from a depth of 81 meters.
- It included notable sections such as:
- 4 meters at 0.59 g/t gold, 1.05% copper, 0.22% cobalt, and 0.22% nickel from 81 meters.
These findings amplify the potential for significant mineralization at Cármenes, as spaces surrounding the historic mining operations yielded positive results. Pan Global's drilling campaign seeks to further establish the area’s potential, particularly in regions not previously examined.
As Pan Global positions itself for further exploration, their upcoming drill points aim to explore a sizable area with previously untested mineralization, especially adjacent to historic mining sites. The company has committed to expanding its drilling efforts into three new locations, aiming to intersect prospective areas that have shown promising signs of high gold grades. The upcoming drill targets will focus on an area with channel sampling that reported 3.11 g/t of gold over a significant stretch.
The company is also excited about the geophysical helicopter study recently completed over Cármenes, which has provided a rich dataset indicating multiple targets similar to that of the Providencia site. This suggests that the potential for further discoveries of gold and associated minerals remains high, as the drilling has only scratched the surface of this rich geological landscape.
President and CEO Tim Moody expressed enthusiasm regarding the results thus far, noting that they point to a substantial sector of hydrothermal mineralization containing not only gold but also copper, nickel, and cobalt in an extravagantly wide area. The results from holes PVD03 and PVD04 expand the known mineralization to the south, east, and north of Providencia's historical mines, leaving open the prospect for more mineralization in all directions.
Up to date, the project has seen three of the planned six drill holes executed during this campaign, marking the first exploratory drilling at the Providencia target. The results have thus far justified the company’s focus on Cármenes as a viable exploration site with significant potential for finding substantial gold deposits. As such, Pan Global remains upbeat about the results, and additional drilling is planned to further unravel the geological complexities of this exciting site.
With ongoing operations and promising results, Pan Global Resources Inc. stands on the brink of transformative exploration within its Cármenes project, leveraging its expertise and the advantageous geographical setting of northern Spain. As they pursue further analyses and explorations, the mining community keenly watches for the next updates from this dynamic exploration ground.
Key Highlights from the Drilling Results
The drilling campaigns have revealed several noteworthy intersections of high-grade minerals:
- - PVD03 Drill Hole:
- Within this interval, higher grades of gold were reported as follows:
- 4 meters at 1.22 g/t from a depth of 64 meters;
- 10 meters at 1.05 g/t from a depth of 75 meters;
- 4 meters at 2.19 g/t from a depth of 81 meters.
- - PVD04 Drill Hole:
- It included notable sections such as:
- 4 meters at 0.59 g/t gold, 1.05% copper, 0.22% cobalt, and 0.22% nickel from 81 meters.
These findings amplify the potential for significant mineralization at Cármenes, as spaces surrounding the historic mining operations yielded positive results. Pan Global's drilling campaign seeks to further establish the area’s potential, particularly in regions not previously examined.
Future Vertical Potential and Exploration Plans
As Pan Global positions itself for further exploration, their upcoming drill points aim to explore a sizable area with previously untested mineralization, especially adjacent to historic mining sites. The company has committed to expanding its drilling efforts into three new locations, aiming to intersect prospective areas that have shown promising signs of high gold grades. The upcoming drill targets will focus on an area with channel sampling that reported 3.11 g/t of gold over a significant stretch.
Ongoing Initiatives and Prospective Discoveries
The company is also excited about the geophysical helicopter study recently completed over Cármenes, which has provided a rich dataset indicating multiple targets similar to that of the Providencia site. This suggests that the potential for further discoveries of gold and associated minerals remains high, as the drilling has only scratched the surface of this rich geological landscape.
President and CEO Tim Moody expressed enthusiasm regarding the results thus far, noting that they point to a substantial sector of hydrothermal mineralization containing not only gold but also copper, nickel, and cobalt in an extravagantly wide area. The results from holes PVD03 and PVD04 expand the known mineralization to the south, east, and north of Providencia's historical mines, leaving open the prospect for more mineralization in all directions.
Summary and Breakdown of Results
Up to date, the project has seen three of the planned six drill holes executed during this campaign, marking the first exploratory drilling at the Providencia target. The results have thus far justified the company’s focus on Cármenes as a viable exploration site with significant potential for finding substantial gold deposits. As such, Pan Global remains upbeat about the results, and additional drilling is planned to further unravel the geological complexities of this exciting site.
Conclusion
With ongoing operations and promising results, Pan Global Resources Inc. stands on the brink of transformative exploration within its Cármenes project, leveraging its expertise and the advantageous geographical setting of northern Spain. As they pursue further analyses and explorations, the mining community keenly watches for the next updates from this dynamic exploration ground.
Topics Energy）
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