High-Grade Copper Sampling Announced by Pan Global at Profunda Target in Spain
Pan Global Reports Impressive Copper Grades at Profunda Target
Pan Global Resources Inc. has made headlines with its recent announcement concerning high-grade copper results from the Profunda target within the Cármenes project, located in northern Spain. The company, which operates under the ticker symbols TSXV: PGZ, OTCQX: PGZFF, and FRA: 2EU, revealed striking findings from underground channel samples that indicate substantial copper content—averaging 5.2% across 5 meters in some instances.
These results emerged from detailed underground channel sampling aimed at investigating the mineralization present at Profunda, which has been historically significant for its copper production. The latest sampling conducted by Pan Global found 27 samples grading an impressive average of 3.62% for copper and accompanying values of cobalt, nickel, and silver. Some of the standout results include a channel sample indicating 25.7% copper over 1 meter and another showing 5.2% copper over a length of 5 meters.
The Profunda site has been flagged as a promising area for further exploration due to its geological characteristics. Covering an area of 500 meters by 150 meters, initial soil sampling has already outlined a copper anomaly that corresponds with existing extensive mapping of alteration patterns. According to Tim Moody, CEO of Pan Global, these early results pave the way for potential discovery of multiple high-grade breccia systems throughout the Cármenes project area.
Currently, drilling operations are ongoing at both the Profunda site and the nearby Providencia target. Notably, the Providencia site, located about 1 kilometer to the north of Profunda, has yielded similar high-grade sample results, reinforcing the notion that the region contains rich deposits of valuable minerals.
The ongoing exploration activities at Profunda are not merely exploratory; they represent a continuation of mining efforts that date back to the 1930s. The historical extraction focused on copper, nickel, and cobalt, and the recent findings suggest a revival of interest in these resources. The current strategy aims to confirm the continuity of high-grade mineralization beyond previously mined areas, supported by a thorough geological mapping initiative.
In addition to the underground sampling, Pan Global is also delving into a variety of geophysical explorations, including magnetic, radiometric, and helicopter-borne Electromagnetic surveys (HTEM) to decode further the geological framework of the Cármenes area. These tools will enhance their understanding of the extensiveness and depth of potential high-grade deposits that lie beneath the surface.
The project is situated about 55 kilometers north of León, encompassing five permits across 5,653 hectares of land characterized by carbonates conducive to breccia-type formation. The potential for discovering additional high-grade mineralization is promising, given the historical mining activities that highlight the area's lucrative resources.
As Pan Global Resources continues its exploration activities, the company remains committed to upholding high environmental standards and community engagement, aligning itself with the UN Global Compact in terms of corporate responsibility. The expectation for follow-up results from the ongoing drilling campaign at both Profunda and Providencia is set for the second quarter of 2025, as Pan Global aims to solidify its position as a frontrunner in the European mining sector.
In conclusion, the findings at the Profunda target represent a pivotal development for Pan Global Resources, reaffirming the potential of the Cármenes project and positioning the company favorably within the competitive landscape of resource extraction in Spain.