Latest news with #CármenesProject
Cision Canada
18-06-2025
- Business
- Cision Canada
PAN GLOBAL INTERCEPTS FURTHER HIGHER-GRADE GOLD AND COPPER MINERALIZATION AT CÁRMENES PROJECT, SPAIN
Higher-grade intervals include 2.19 g/t gold over 4 meters; 1.05 g/t Au over 10m; and 0.59 g/t Au, 1.05% Cu, 0.22% Ni, 0.22% Co over 4m Wide breccia gold intercepts, including 0.37 g/t Au over 56 meters and 0.23 g/t Au over 110 meters, highlights shallow bulk-tonnage potential Drilling now targeting the principal untested gold zone at Providencia with three planned step-out holes Multiple untested geophysics targets indicates strong potential for additional discoveries at Cármenes VANCOUVER, BC, June 18, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce results for two additional drillholes completed in the maiden drill campaign at the Company's 100%-owned Cármenes Project ("Cármenes"), northern Spain. The new assay results are for drillholes PVD03 and PVD04, which targeted potential extensions of the breccia-hosted mineralization associated with the historical Providencia copper-cobalt-nickel underground mine workings. PVD03 was drilled immediately east of the historical mine workings, and PVD04 drilled through Cu-Ni-Co mineralized breccia. The Providencia target area had no previous drilling and no prior recognition of potential for significant gold mineralization. Drill Highlights: "The wide zones of breccia mineralization in Pan Global's maiden drill program at Cármenes highlight the potential for significant hydrothermal breccia-hosted gold, copper, nickel, and cobalt mineralization. The results expand the breccia-hosted mineralization south, east and north of the historical mine workings at Providencia and the target area remains wide open. The next three step-out holes will be the first tests of a wide zone with highly anomalous gold mineralization east of the Providencia workings, including channel sampling that returned 3.11 g/t gold over 37 meters," said Tim Moody, Pan Global President and CEO. "We are also very excited by the results of the recently completed helicopter geophysics survey over Cármenes, which provides a rich dataset indicating multiple new targets with similar features to Providencia, indicating a high potential for discovery of additional gold, copper, nickel, and cobalt in the Project area." Key points: The drill results reported to date are for three of the planned six-hole maiden drill campaign at Cármenes, which is the first-ever drilling at the Providencia target. First completed drillhole (PVD02) intersected a high-grade interval of 6.27 g/t gold over 4m within a broader interval averaging 1.08 g/t gold over 46m south of the historical mine workings. [See media release from May 19, 2025 ] The results for drillholes PVD03 and PVD04 expand the breccia-hosted gold zone to the east and north of the mine workings, and mineralization remains wide open. The upcoming three drillholes will step out up to 120m east of the Providencia mine workings, testing beneath recently reported high-grade trench and channel sample results (3.11 g/t Au over 37m and 1.74 g/t Au over 20m). [See media release from February 11, 2025 ] Interpretation of a recently completed helicopter electromagnetic, magnetic and radiometric survey over Cármenes is progressing quickly and indicates multiple additional targets with similar characteristics to Providencia. Bravo Target drilling update Pan Global is also pleased to report that following a pause for crop harvesting, drilling will resume at the large high-priority Bravo target at the flagship Escacena Project in southern Spain. The next three Bravo holes will test very strong IP-chargeability and coincident gravity and electromagnetic geophysics anomalies, and are expected to be completed over the next six weeks. Table 1 – Providencia Drill Results Summary 1 All intercepts are reported as downhole drill widths. There is insufficient drilling to constrain the geometry to determine true width. Table 2 –Drillhole Collar Information 2 Coordinate system: UTM30N ERTS89 About the Cármenes Project The Cármenes Project is located approx. 55km north of León in northern Spain and comprises five Investigation Permits over 5,653 hectares. The Project area is highly prospective for multiple bodies or "clusters" of carbonate-hosted "pipe-like" breccia style copper, nickel, cobalt, and gold mineralization. The area includes the former Profunda and Providencia mines that last operated in the 1930s, producing concentrates of copper and cobalt with nickel. Numerous other smaller historical mine workings in the area highlight potential for additional breccia pipes. These types of ore deposits can have significant vertical dimensions exceeding 1km. About Pan Global Resources Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment. The Company's second project, at Cármenes in northern Spain, is also an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact. Qualified Persons Álvaro Merino, Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information for this media release. Mr. Merino is not independent of the Company. QA/QC Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.5 to 2m. Sample intervals were defined using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all times by Company staff. Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch. Samples were delivered to ALS laboratory in Seville, Spain and assayed at the ALS laboratory in Ireland. All samples were crushed and split (method CRU-31, SPL22Y), and pulverized using (method PUL-31). Gold, platinum and palladium analysis was by 50gm fire assay with ICP finish (method Au-ICP-24) and multi element analysis was undertaken using a 4-acid digest with ICP AES finish (method ME-ICP-61). Over grade base metal results were assayed using a 4-acid digest ICP AES (method OG-62). Forward-looking statements Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SOURCE Pan Global Resources Inc.
Cision Canada
05-06-2025
- Business
- Cision Canada
PAN GLOBAL ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER
VANCOUVER, BC, June 5, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce effective June 16, 2025 the appointment of Justin Byrd as Chief Financial Officer ('CFO"), replacing Andy Marshall who will remain with the Company until June 30 to ensure an orderly transition. Mr. Byrd has a Master of Business Administration from Arizona State University and a Master of Science in Economics and Finance from Southern Illinois University. Mr. Byrd served as Chief Financial Officer for Mayfair Gold until July 2024 where he managed all finance, accounting, and corporate secretarial functions whilst progressing from private company, through initial public offering on the TSX Venture Exchange, to the company being named a 2024 OTCQX Best 50 performing company with a market capitalization of more than C$250 million. Prior to this, he held senior finance roles outside of mining where he was involved in cost analysis, forecasting, inventory management, pricing, and financial modelling. "We welcome Justin to the senior management team for Pan Global. He is joining the Company at an exciting time with ongoing drill programs on new targets at two projects in Spain, a maiden resource at the La Romana copper-tin-silver deposit planned for later 2025, a potential new gold discovery in the north of Spain and other opportunities to grow the Company. His experience in working from early-stage exploration, financing and progression to C$250 million company with an advanced project will benefit our shareholders," said Tim Moody, Pan Global President and CEO. "On behalf of the Board of Pan Global, I thank Andy Marshall for the high degree of professionalism and experience he has provided as CFO over the past three years while the Company has continued to grow its asset base in Spain. We are grateful to Andy for his continued support through the transition and we all wish him success in the future," said Mr. Moody. "Pan Global offers a dynamic environment with two active projects being drilled and multiple discoveries already made in Spain, including the recent gold discovery at the Cármenes Project. I look forward to meeting investors, supporting the management team and Board of Directors as the Company pursues the next stage to create value," said Justin Byrd. Mr. Byrd has been granted 500,000 stock options of the Company. The stock options were granted pursuant to the Company's Omnibus Equity Incentive Compensation Plan. Each stock option entitles the holder to purchase one common share of the Company at a price of $0.145 per common share for a period of five years from the date of grant. The options will vest over three years from the effective date of Mr. Byrd's appointment, with 250,000 vesting 12 months after the effective date and 125,000 vesting on the second and third anniversaries of the effective date. About Pan Global Resources Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment. The Company's second project, at Cármenes, in northern Spain, is also an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact. Forward-looking statements Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. SOURCE Pan Global Resources Inc.
Yahoo
05-06-2025
- Business
- Yahoo
PAN GLOBAL ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER
TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU VANCOUVER, BC, June 5, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce effective June 16, 2025 the appointment of Justin Byrd as Chief Financial Officer ('CFO"), replacing Andy Marshall who will remain with the Company until June 30 to ensure an orderly transition. Mr. Byrd has a Master of Business Administration from Arizona State University and a Master of Science in Economics and Finance from Southern Illinois University. Mr. Byrd served as Chief Financial Officer for Mayfair Gold until July 2024 where he managed all finance, accounting, and corporate secretarial functions whilst progressing from private company, through initial public offering on the TSX Venture Exchange, to the company being named a 2024 OTCQX Best 50 performing company with a market capitalization of more than C$250 million. Prior to this, he held senior finance roles outside of mining where he was involved in cost analysis, forecasting, inventory management, pricing, and financial modelling. "We welcome Justin to the senior management team for Pan Global. He is joining the Company at an exciting time with ongoing drill programs on new targets at two projects in Spain, a maiden resource at the La Romana copper-tin-silver deposit planned for later 2025, a potential new gold discovery in the north of Spain and other opportunities to grow the Company. His experience in working from early-stage exploration, financing and progression to C$250 million company with an advanced project will benefit our shareholders," said Tim Moody, Pan Global President and CEO. "On behalf of the Board of Pan Global, I thank Andy Marshall for the high degree of professionalism and experience he has provided as CFO over the past three years while the Company has continued to grow its asset base in Spain. We are grateful to Andy for his continued support through the transition and we all wish him success in the future," said Mr. Moody. "Pan Global offers a dynamic environment with two active projects being drilled and multiple discoveries already made in Spain, including the recent gold discovery at the Cármenes Project. I look forward to meeting investors, supporting the management team and Board of Directors as the Company pursues the next stage to create value," said Justin Byrd. Mr. Byrd has been granted 500,000 stock options of the Company. The stock options were granted pursuant to the Company's Omnibus Equity Incentive Compensation Plan. Each stock option entitles the holder to purchase one common share of the Company at a price of $0.145 per common share for a period of five years from the date of grant. The options will vest over three years from the effective date of Mr. Byrd's appointment, with 250,000 vesting 12 months after the effective date and 125,000 vesting on the second and third anniversaries of the effective date. About Pan Global Resources Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment. The Company's second project, at Cármenes, in northern Spain, is also an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact. Forward-looking statements Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SOURCE Pan Global Resources Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
03-06-2025
- Business
- Cision Canada
PAN GLOBAL WELCOMES APPROVAL OF GRUPO MEXICO'S ADJACENT LOS FRAILES MINE
Pan Global's Escacena Project strategically located adjacent to Minera Los Fraile s Mine VANCOUVER, BC, June 3, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) today acknowledges the approval by the Government of Andalucia of the restoration plan and exploitation permit for Minera Los Frailes to develop the Los Frailes underground mine adjacent to Pan Global's 100%-owned flagship Escacena Project ("Escacena") in southern Spain. Minera Los Frailes is owned by Grupo México (97.31%), and Magtel (2.69%). Grupo México is the fourth-largest copper producer by volume globally. The granting of the exploitation permit reaffirms Andalucia's status as a Tier-1 global mining jurisdiction. The Los Frailes zinc, copper, lead and silver mining project is expected to generate significant investment and employment in the region. "This milestone for our neighbors at Minera Los Frailes highlights the strength of the permitting environment in Andalucia and underscores the strategic location of our 100%-owned Escacena Project," said Tim Moody, President and CEO of Pan Global. "With our La Romana copper discovery located just west of the planned Los Frailes mine, Pan Global is uniquely positioned to benefit from increased regional investment, infrastructure upgrades, and other synergies. The Los Frailes mine will be a significant new mine development, with an anticipated 20-year mine life, and a plant producing zinc, lead, and copper concentrates." La Romana hosts a near-surface copper-tin-silver deposit with outstanding metallurgy and characteristics favorable to potential open pit development, supporting Pan Global's strategy to advance a significant, low-cost, and sustainable copper project within a Tier-1 mining district. The La Romana deposit remains open for expansion in several areas and significant upside is also represented by the many other targets in the Escacena Project area. A multi-target drill program is continuing at Escacena as drilling is set to resume at the high priority Bravo target after a short pause for the local wheat harvest. The next round of step-out drillholes is being finalized at La Romana, targeting higher-grade extensions of mineralization. Results are also anticipated within the next two weeks from the ongoing drill program in the Cármenes Project in northern Spain where near-surface high-grade gold mineralization has been reported from the Company's first drillhole (see the May 19, 2025 media release). About Pan Global Resources Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment. The Company's second project, at Cármenes, in northern Spain, is also an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United Nations Global Compact. Forward-looking statements Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission. The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. SOURCE Pan Global Resources Inc.
The Market Online
20-05-2025
- Business
- The Market Online
Pan Global proves potential for large gold discovery in Spain
Pan Global Resources (TSXV:PGZ) yielded significant near-surface gold from its first drillhole (PDV02) on its 5,653-hectare Cármenes project in Spain, backing up recent soil, trench and channel samples Highlights include 46 m at 1.08 grams per ton gold from 24 m down-hole Pan Global explores for copper and gold in mining-friendly Spain guided by a leadership team proven in the areas of exploration, discovery, development and mine operations Pan Global Resources stock has given back 37.50 per cent year-over-year and 45.65 per cent since 2020 Pan Global Resources (TSXV:PGZ) yielded significant near-surface gold from its first drillhole (PDV02) on its 5,653-hectare Cármenes project in Spain, backing up recent soil, trench and channel samples. Highlights include 46 m at 1.08 grams per ton (g/t) gold from 24 m down-hole, including 4 m at 6.27 g/t gold and 0.25 g/t platinum and palladium from 66 m, associated with strong multi-stage hydrothermal breccia. The maiden six-hole program seeks to expand mineralization tied to the historical Providencia copper, cobalt and nickel underground mine. The target area extends for more than 250 m x 150 m, has no previous drilling or reports of gold mineralization, and features samples of strongly anomalous copper, gold, nickel, cobalt and lead. Channel sampling is underway with assay results for drillholes PVD03 and PVD04 expected within three weeks, the latter intersecting breccia over more than 120 m near surface. Management is also studying a recently completed helicopter electromagnetic, magnetic and radiometric survey to identify additional drill targets on the project. Leadership insights 'The first drill results at the Providencia target represent an exceptional start to Pan Global's maiden drill program at Cármenes, confirming discovery of previously unknown near-surface gold mineralization over a wide interval,' Tim Moody, Pan Global Resources' president and chief executive officer, said in a statement. 'The results expand the breccia-hosted mineralization south of the historical high-grade copper, cobalt and nickel mine workings at Providencia and is wide open. The new gold zone occurs as a potential halo to the copper-rich mineralization found in the mine workings.' 'Multiple targets have been identified from soil geochemistry and mapping in the immediate area around Providencia, including the large untested Profunda target located 1 km to the south. This further highlights the potential for additional discoveries in the Cármenes Project,' Moody added. About Pan Global Resources Pan Global explores for copper and gold in mining-friendly Spain guided by a leadership team proven in the areas of exploration, discovery, development and mine operations. Pan Global Resources stock (TSXV:PGZ) last traded at C$0.12. The stock has given back 37.50 per cent year-over-year and 45.65 per cent since 2020. Join the discussion: Find out what everybody's saying about this copper and gold stock on the Pan Global Resources Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
