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Cision Canada
30-07-2025
- Business
- Cision Canada
PAN GLOBAL ADVANCES DRILL PROGRAMS AT ESCACENA AND CÁRMENES PROJECTS, SPAIN
Multi-target drill program in progress at Escacena, testing VMS-associated copper, tin, silver, gold targets Drill program in progress at Cármenes includes testing for high-grade gold and copper-nickel-cobalt at the Providencia target La Romana step-out drilling for high-grade mineralization extensions to add to maiden Mineral Resource Estimate (MRE) in 2025 VANCOUVER, BC, July 30, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to provide updates on its concurrent drill programs at the Company's 100%-owned flagship Escacena Project ("Escacena") in southern Spain and Cármenes Project ("Cármenes") in northern Spain. "The 2025 drill programs at the Escacena and Cármenes Projects are testing a compelling suite of high-priority targets, highlighting excellent potential for additional new discoveries of significant mineralization," said Tim Moody, Pan Global's President and CEO. "Simultaneously, the team is advancing the plans for the La Romana copper-tin-silver deposit's maiden Resource due for delivery before year-end, and the step-out drill program is targeting wider zones of higher-grade mineralization for inclusion in the maiden Resource. We look forward to providing updates as results are available." A total of 20 drillholes have been completed at Escacena and Cármenes as part of the 7,000-meter 2025 drill program, testing multiple targets. Eight additional wide-spaced step-out drillholes are planned at La Romana to test extensions of the high-grade mineralization ahead of the maiden Mineral Resource Estimate. Recent drill results have extended the surface strike-length of the mineralization to 1.7km, and it remains open in several areas Five drillholes have recently been completed at the Bravo target, with three additional drillholes planned for this phase of the drill program. Drilling to-date has intersected encouraging alteration and sulphide mineralization. Results to be reported on completion of the planned drilling Drilling currently testing a strong IP chargeability anomaly on three parallel IP lines, extending over 400 meters east-west, in the south of Bravo and 1 km east of the La Romana copper-tin-silver deposit (see Figure 1) Drilling will also test the Hornitos and Plomillos targets, testing coincident soil Pb-Zn and strong co-incident geophysics anomalies (IP, heliborne EM, and magnetics) Information obtained from the ongoing drill programs is being used to revise the geophysics interpretation to identify additional potential mineralization for follow-up drilling, including the La Pantoja target where recent drilling confirmed high grade copper and tin mineralization, including 1.53% Cu, 0.05% Sn, 3.9 g/t Ag over 3m in drillhole LPD01 and 5.36% Cu, 8.7 g/t Ag over 1m in drillhole LPD03 (see media release on May 12, 2025) Cármenes Three of six planned drillholes at the Providencia target have been completed Results highlight wide breccia intercepts over more than 100m width, and gold mineralization from near surface in every drillhole to date (see media releases on May 19, 2025 and June 18, 2025), including 1.08 g/t over 46m in drillhole PVD02, including 6.27 g/t Au over 4m 0.37 g/t Au over 56m in drillhole PVD03, including 2.19 g/t Au over 4m, 1.05 g/t Au over 10m and 1.22 g/t Au over 4m 0.23 g/t Au over 110m in PVD04, including 0.59 g/t Au, 1.05% Cu, 0.22% Co, 0.22% Ni over 4m, and 0.51 g/t Au over 14m Drilling currently testing an area of breccia with gold identified in soil, trench, and channel sampling immediately east and outside of the historical Providencia mine works (see Figures 2 and 3) Detailed mapping and surface geochemistry sampling planned ahead of drilling at the Profunda target, 1km south of Providencia Target selection and prioritization also in progress following interpretation of the recent helicopter electromagnetic, magnetic, and radiometric survey over Cármenes, with more than 30 new targets identified Pan Global is also advancing the selection process for a consultant to deliver a NI 43-101-compliant Technical Report, including a maiden Mineral Resource Estimate for the La Romana copper-tin-silver deposit at the Company's flagship Escacena Project located within 40km of three existing mining operations/developments and processing plants on the Iberian Pyrite Belt. * Drillholes BR03 and BR03a abandoned About the Escacena Project The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. Escacena is located near the operating mine at Riotinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines where Minera Los Frailes (Grupo México) is in the final permitting stage for mine development. The Escacena Project hosts Pan Global's La Romana and La Pantoja copper-tin-silver discoveries and the Cañada Honda copper-gold discovery. Escacena hosts a number of other prospective targets, including Bravo, Barbacena, El Pozo, Romana Norte, San Pablo, Zarcita, Hornitos, La Jarosa, Romana Deep, and Cortijo. About the Cármenes Project The Cármenes Project is located approx. 55km north of León in northern Spain in the same geologic belt as Orvana's Orovalle copper-gold mining operation and the Salamon gold deposit and comprises five 100%-owned 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. To learn more about Pan Global Resources, please visit the Company's Curation Connect showcase and explore AI-generated responses to your enquiries at 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. 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.
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
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.
Cision Canada
20-05-2025
- Business
- Cision Canada
/R E P E A T -- PAN GLOBAL INTERSECTS 1.08 G/T GOLD OVER 46 METERS FROM NEAR SURFACE IN FIRST DRILLHOLE AT CÁRMENES PROJECT, SPAIN/
Confirms potential for significant new gold discovery at 100%-owned Cármenes Project, northern Spain Potential for additional discoveries in the large Cármenes Project area VANCOUVER, BC, May 19, 2025 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce significant near surface gold assay results in the first drillhole completed in the maiden drill campaign at the Company's 100%-owned Cármenes Project ("Cármenes"), northern Spain. The current six-hole drill program is targeting expansion of the breccia-hosted mineralization associated with the historical Providencia copper-cobalt-nickel underground mine workings. The potential for significant gold was highlighted in recent soil, trench and channel sampling results. The Providencia target area had no previous drilling and no past reports of gold mineralization. Drill Highlights: "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. 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," said Tim Moody, Pan Global President and CEO. "Multiple targets have been identified from soil geochemistry and mapping in the immediate area around Providencia, including the large untested Profunda target located 1km to the south. This further highlights the potential for additional discoveries in the Cármenes Project." Key points: Current six-hole dill program is Pan Global's maiden drill campaign at the Cármenes Project, and the first-ever drillholes 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 from 24m down-hole. The gold intersection in PVD02 is associated with strong multi-stage hydrothermal breccia within strongly dolomitized/altered limestones, with local trace quantities of sulphides, and favourable very low contents of metals such as arsenic or antimony. Assay results are anticipated within three weeks for completed drillholes (PVD03 and PVD04), with breccia intersected over more than 120m from near-surface in PVD04. Drillhole PVD01 was abandoned before reaching the target after the hole collapsed. Historical underground mine workings at Providencia extracted copper, cobalt and nickel ore from within a "pipe-like" hydrothermal breccia to a depth of 110 meters. The mineralization remained open when mining ceased in the early-1930s. There is no record of gold extraction at Providencia and the new gold zone appears to have been previously unrecognized. The on-going drilling includes three step-out holes up to 120m east of the Providencia mine workings, testing beneath recently reported highly anomalous 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 ] Large surface target area extending more than 250m x 150m, characterized by coincident strong dolomite-alteration, breccia and strongly anomalous Cu, Au, Ni, Co and Pb geochemistry in soils, trench and channel sample assays. Channel sampling inside the historical mine workings at Providencia is underway to better understand the continuity of the mineralization. Multiple targets identified in the Cármenes Project area highlight the potential for additional discoveries from the ongoing exploration program. Interpretation of a recently completed helicopter electromagnetic, magnetic and radiometric survey over the Cármenes Project is in progress to fast-track identification and prioritization of additional potential drill targets. Pan Global is also pleased to report that drilling has resumed at the Company's flagship Escacena Project in southern Spain following record rainfall in March and April, with the focus on the high-priority Bravo target, expansion of the La Romana copper-tin discovery, and testing of new targets. 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.
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.
