Pan Global Resources (OTCQB:PGNRF) reported significant gold assay results from its maiden drilling program at the Providencia target within its 100%-owned Cármenes Project in Spain. The highlight includes drillhole PVD06 intersecting 34.0 meters at 3.01 g/t gold near surface, including 5.0 meters at 8.93 g/t gold.
The drilling program revealed high-grade intercepts including 2.0m at 15.18 g/t Au with 1.23 g/t Pt+Pd, and the highest-grade assay of 17.6 g/t Au over 1m. The gold mineralization is hosted in red haematitic hydrothermal-altered brecciated carbonate rocks and extends the gold zone up to 70m east of previous drilling.
Additionally, the company continues drilling at its flagship Escacena Project in southern Spain, focusing on expanding the La Romana copper-tin-silver deposit, with a maiden Mineral Resource Estimate expected in 2025.
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Pan Global Resources Inc. announced its qualification for trading on the OTCQB Venture Market in the U.S. under the symbol PGZFF. This upgrade from the OTC Pinks to OTCQB enhances the company's visibility and access to U.S. investors, which is crucial as it advances the Escacena Copper Project in southern Spain. The 2023 project involves over 50 drill holes and ongoing exploration at key targets, including La Romana and Zarcita. The listing supports the company’s growth strategy and allows lower-barrier access for investors. Current financial details can be accessed via www.otcmarkets.com.
Pan Global Resources has announced a fully funded 20,000-meter drill program at its Escacena Project, located in southern Spain. The drilling aims to expand on the La Romana target, which has shown promising copper, tin, and silver mineralization. Ongoing operations include drilling at La Romana, Romana Deep, and Zarcita, with over 50 additional drill holes planned. Metallurgical studies are also in progress. The Company has approved annual incentive grants totaling over 2.165 million stock options and units to employees and directors. The Escacena Project is strategically located near significant producing mines, enhancing its prospectivity.
Pan Global Resources Inc. (TSXV: PGZ, OTC: PGNRF) announced promising assay results from its 2022 drilling at the Escacena Project, southern Spain. The first four drill holes at the Zarcita target revealed a 75m thick copper-stockwork zone, with grades up to 2.8% Cu. Additional notable results included 16.5m at 1.1% Pb+Zn at La Jarosa and 15.5m at 1.0% Pb+Zn at Hornitos. The ongoing 20,000m drilling program, budgeted at CAD $8.5 million, targets several prospective areas, with results that underscore the project's potential for major VMS mineralization.