PAN GLOBAL SAMPLES 3.11 G/T GOLD OVER 37 m, CONFIRMING SIGNIFICANT NEAR-SURFACE MINERALIZATION AT CÁRMENES PROJECT, SPAIN
Pan Global Resources has announced significant gold sampling results from its Cármenes Project in northern Spain. The company reported high-grade results from underground channel sampling and surface trench sampling at the Providencia target, including 3.11 g/t Au over 37m (open), with 7.70 g/t Au over 6m, and 1.74 g/t Au, 11.2 g/t Ag over 20m.
The first drillhole is currently underway at Providencia, testing beneath historical mine workings, with three additional drillholes planned to test the expanded target area. The sampling results are within a 250m x 150m soil geochemistry anomaly, suggesting potential mineralization extension beyond historical workings. Historical mining in the 1930s focused on copper and cobalt extraction, with no recorded gold extraction in the area.
Two drill rigs are also operating at the company's Escacena Project in southern Spain, with IP data analysis being finalized for drilling at the Bravo target.
Pan Global Resources ha annunciato risultati significativi di campionamento dell'oro dal suo progetto Cármenes nel nord della Spagna. L'azienda ha riportato risultati ad alta gradazione dai campionamenti sotterranei e dai campionamenti di trincea superficiali presso il target Providencia, compresi 3.11 g/t Au su 37m (aperto), con 7.70 g/t Au su 6m, e 1.74 g/t Au, 11.2 g/t Ag su 20m.
Il primo pozzo di sondaggio è attualmente in corso a Providencia, testando sotto i lavori minerari storici, con altri tre pozzi di sondaggio pianificati per testare l'area del target ampliata. I risultati del campionamento si trovano all'interno di un'anomalia geochimica del suolo di 250m x 150m, suggerendo un'estensione potenziale della mineralizzazione oltre i lavori storici. L'estrazione mineraria storica negli anni '30 si concentrava sull'estrazione di rame e cobalto, senza registrazioni di estrazione di oro nell'area.
Due trivelle sono anche operative presso il progetto Escacena dell'azienda nel sud della Spagna, con l'analisi dei dati IP in fase di finalizzazione per la perforazione al target Bravo.
Pan Global Resources ha anunciado resultados significativos de muestreo de oro de su Proyecto Cármenes en el norte de España. La empresa reportó resultados de alta ley de muestreo en canteras subterráneas y muestreo de trincheras superficiales en el objetivo Providencia, incluyendo 3.11 g/t Au sobre 37m (abierto), con 7.70 g/t Au sobre 6m, y 1.74 g/t Au, 11.2 g/t Ag sobre 20m.
El primer pozo de perforación está actualmente en curso en Providencia, probando debajo de los trabajos mineros históricos, con tres pozos adicionales planeados para probar el área objetivo ampliada. Los resultados de muestreo se encuentran dentro de una anomalía de geoquímica del suelo de 250m x 150m, sugiriendo una posible extensión de mineralización más allá de los trabajos históricos. La minería histórica en la década de 1930 se centró en la extracción de cobre y cobalto, sin registros de extracción de oro en la zona.
Dos plataformas de perforación también están operando en el Proyecto Escacena de la empresa en el sur de España, con el análisis de datos IP finalizándose para la perforación en el objetivo Bravo.
팬 글로벌 리소스는 스페인 북부의 카르메네스 프로젝트에서 중요한 금 샘플링 결과를 발표했습니다. 회사는 프로비덴시아 목표에서 지하 채널 샘플링 및 지표 트렌치 샘플링 결과가 높은 등급임을 보고하였으며, 3.11 g/t Au, 37m (개방), 7.70 g/t Au, 6m, 1.74 g/t Au, 11.2 g/t Ag, 20m를 포함합니다.
현재 첫 번째 드릴링 홀은 역사적인 광산 작업 아래를 테스트하기 위해 프로비덴시아에서 진행되고 있으며, 확장된 목표 지역을 시험하기 위해 추가로 세 개의 드릴 홀이 계획되어 있습니다. 샘플링 결과는 250m x 150m의 토양 지화학적 이상 내에 위치해 있으며, 이는 역사적인 작업을 넘는 광물화의 잠재적 확장을 제안합니다. 1930년대의 역사적인 광업은 구리와 코발트 추출에 초점을 맞추었으며, 해당 지역에서 금 추출의 기록은 없습니다.
두 대의 드릴 장비도 스페인 남부의 회사의 에스카세나 프로젝트에서 운영되고 있으며, 브라보 목표에서 드릴링을 위한 IP 데이터 분석이 마무리되고 있습니다.
Pan Global Resources a annoncé des résultats significatifs d'échantillonnage de l'or de son projet Cármenes dans le nord de l'Espagne. L'entreprise a rapporté des résultats de haute qualité provenant de l'échantillonnage de canaux souterrains et de l'échantillonnage de tranchées superficielles au niveau de l'objectif Providencia, incluant 3.11 g/t Au sur 37m (ouvert), avec 7.70 g/t Au sur 6m et 1.74 g/t Au, 11.2 g/t Ag sur 20m.
Le premier forage est actuellement en cours à Providencia, testant en dessous des travaux miniers historiques, avec trois autres forages prévus pour tester la zone cible étendue. Les résultats d'échantillonnage se situent au sein d'une anomalie de géochimie du sol de 250m x 150m, suggérant une extension potentielle de la minéralisation au-delà des travaux historiques. L'exploitation minière historique dans les années 1930 se concentrait sur l'extraction de cuivre et de cobalt, sans enregistrement d'extraction d'or dans la région.
Deux foreuses sont également en service sur le projet Escacena de l'entreprise dans le sud de l'Espagne, avec l'analyse des données IP en cours de finalisation pour le forage au niveau de l'objectif Bravo.
Pan Global Resources hat bedeutende Goldprobenresultate aus seinem Cármenes-Projekt im Norden Spaniens angekündigt. Das Unternehmen berichtete von Hochgrad-Ergebnissen aus der unterirdischen Kanalprobenahme und der oberflächlichen Grabenprobenahme am Ziel Providencia, einschließlich 3.11 g/t Au über 37m (offen), mit 7.70 g/t Au über 6m und 1.74 g/t Au, 11.2 g/t Ag über 20m.
Das erste Bohrloch wird derzeit in Providencia durchgeführt und testet unter historischen Bergbauarbeiten, wobei drei zusätzliche Bohrlöcher geplant sind, um das erweiterte Zielgebiet zu testen. Die Probenahmergebnisse liegen innerhalb einer 250m x 150m großen Boden-Geochemie-Anomalie, die auf eine potenzielle Mineralisierungsverlängerung über die historischen Arbeiten hinaus hindeutet. Der historische Bergbau in den 1930er Jahren konzentrierte sich auf die Gewinnung von Kupfer und Kobalt, wobei in diesem Gebiet keine Goldgewinnung verzeichnet wurde.
Zwei Bohrgeräte sind auch im Projekt Escacena des Unternehmens im Süden Spaniens im Einsatz, wobei die IP-Datenanalyse für die Bohrungen am Ziel Bravo abgeschlossen wird.
- Discovery of new high-grade gold zone with 3.11 g/t Au over 37m
- Expansion of drilling program with three additional holes following positive results
- Mineralization remains open, indicating expansion potential
- Strong multi-metal soil anomaly extending 250m x 150m
- No previous systematic exploration or historical data for gold extraction
- Results pending for multiple sampling and survey activities
TSXV: PGZ | OTCQX: PGZFF | FRA: 2EU
- Providencia target sampling results include
- 3.11 g/t Au over 37m (open), including 7.70 g/t Au over 6m
- 1.74 g/t Au, 11.2 g/t Ag over 20m, including 2.59 g/t Au, 9.5 g/t Ag over 6m
- Providencia maiden drill program in-progress: now expanded by three drillholes following the recent results to test the wider target area
"The first drillhole is underway at the high-priority Providencia target testing for extensions to the high-grade mineralization beneath the main historical mine workings. Three additional drillholes are now planned in the expanded target area to the east of the historical mine workings within a strong multi-metal soil anomaly. There has been no previous or historical drilling at Providencia. Two drill rigs are also currently operating at the Company's flagship Escacena Project in southern
"Historical mining in the 1930s at Providencia extracted high-grade copper and cobalt within a pipe-like breccia body, with no recorded gold extraction in the area and limited modern exploration since the mines closed. Pan Global's recent exploration led to the discovery of the new gold zone to the east at Providencia."
Highlights:
- Drilling is underway at the Providencia target with the first drillhole testing beneath the historical underground mine working for extensions of the copper, cobalt, and nickel mineralization.
- Three additional drillholes are planned to test beneath higher grade gold mineralization identified by the new channel and trench sample results.
- New assay results from continuous channel sampling in two historical underground adits (Gallery 1 and 2) and from shallow surface trench samples include high gold grades over significant widths, and confirm mineralization extends east beyond the main historical Providencia mine workings (Figure 1).
- Channel sampling in Gallery 1 included a 37-meter-wide gold interval with assays up to 14.95 grams-per-tonne (g/t) Au, and starts and ends in high gold mineralization, indicating good expansion potential. Significant results (Figure 2):
- 3.11 g/t Au over 37m, including
- 7.70 g/t Au over 6m,
- 7.59 g/t Au over 3m, and
- 4.45 g/t Au over 3m (surface channel at the entrance to the adit)
- 3.11 g/t Au over 37m, including
- Channel sampling in Gallery 2 includes a 3-meter-wide higher-grade interval at the northern end of the adit, with results pending for the first 29m of the adit. Significant results:
- 1.48 g/t Au, 10.4 g/t Ag,
0.07% Cu,0.16% Co,0.19% Ni,0.24% Pb over 3m
- 1.48 g/t Au, 10.4 g/t Ag,
- Surface trench sample results also confirm near-surface mineralization extending east of the Providencia target. Significant results (Figure 3):
- 1.74 g/t Au, 11.2 g/t Ag,
0.05% Cu,0.07% Co,0.06% Ni,0.64% Pb over 20m, including- 2.59 g/t Au, 9.5 g/t Ag,
0.06% Cu,0.06% Co,0.05% Ni and0.39% Pb over 6m, and - 1.70 g/t Au, 18.5 g/t Ag,
0.06% Cu,0.09% Co,0.08% Ni and0.98% Pb over 8m
- 2.59 g/t Au, 9.5 g/t Ag,
- 1.74 g/t Au, 11.2 g/t Ag,
- The new surface trench and underground channel results are within a 250m x 150m soil geochemistry anomaly (see January 27, 2025 media release). The soil anomaly indicates potential for mineralization to extend beyond the historical mine workings to the east, with assays up to 24.30 g/t gold, and high levels of copper, nickel, and lead.
- The Providencia target has not been previously drill-tested, and no records have been found of systematic exploration for gold or gold extraction at Cármenes.
- Assay results are pending for underground and surface sampling at the Profunda target, 1km south of the Providencia target.
- Results are pending from a recent Helicopter Transient Electro-Magnetic (HTEM), magnetic and radiometric survey over most of the Cármenes Project.
Providencia Target Channel and Trench Sampling Results
A total of 79 continuous twin saw-cut channel samples were collected within two historical horizontal adits (Gallery 1 and Gallery 2) over 1-meter sample lengths. Gallery 1 and 2 (probably historic exploration adits) are located approximately 60m and 90m respectively east of the main Providencia mine workings. Each sample was collected over 1-meter length along the adit side wall. Significant results are summarized in Table 1 (below).
Table 1 – Significant underground adit channel sample results. Intervals are from south to north.
* Surface channel samples from Trench 1 at the entrance to the adit |
A total of 306 trench / surface channel samples were collected, comprising rock chips collected over approx. 1-meter lengths of bedrock at surface or exposed beneath thin overburden. Significant results are summarized in Table 2 (below).
Table 2 – Significant surface trench/channel sample results >1.00 g/t gold.
About the Cármenes Project
The Cármenes Project is located approx. 55km north of León in northern
About Pan Global Resources
Pan Global Resources Inc. is actively targeting copper-rich mineral deposits, given copper's compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern
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
Rock samples delivered to the ALS sample preparation facility in
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.
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SOURCE Pan Global Resources Inc.
FAQ
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