PAN GLOBAL COMMENCES PHASE 2 DRILLING AT CÁRMENES GOLD DISCOVERY, NORTHERN SPAIN
Pan Global (OTCQB: PGZFF / TSXV: PGZ) has restarted Phase 2 drilling at the 100%-owned Cármenes Project in northern Spain to follow up a gold discovery at the Providencia target.
Phase 1 returned intercepts of 3.01 g/t Au over 34 m and 1.08 g/t Au over 46 m. Four holes are planned in Phase 2, which is expected to be completed before year-end. A strong IP chargeability anomaly coincides with the Providencia mineralization and will be tested for depth extensions.
Surface work has mapped a zoned hydrothermal breccia system covering about 300 m x 150 m, with mineralization open in several areas and 30 additional targets identified from recent airborne surveys.
Pan Global (OTCQB: PGZFF / TSXV: PGZ) ha riavviato la perforazione della Fase 2 presso il progetto Cármenes Project, detenuto al 100%, nel nord della Spagna, per seguire una scoperta d'oro nel target Providencia.
La Fase 1 ha riportato intercetti di 3,01 g/t Au su 34 m e 1,08 g/t Au su 46 m. In Fase 2 sono previsti quattro fori, che dovrebbero completarsi entro la fine dell'anno. Un forte anomalia di caricare IP coincide con la mineralizzazione di Providencia e sarà testata per estensioni in profondità.
Lavori superficiali hanno mappato un sistema di brecce idrotermali zonato che copre circa 300 m x 150 m, con la mineralizzazione aperta in diverse aree e 30 ulteriori target identificati dai recenti rilievi aeromagnetici.
Pan Global (OTCQB: PGZFF / TSXV: PGZ) ha reanudado la perforación de la Fase 2 en el proyecto Cármenes Project, 100% propiedad, en el norte de España, para dar seguimiento a un hallazgo de oro en la zona Providencia.
La Fase 1 arrojó interceptos de 3,01 g/t Au sobre 34 m y 1,08 g/t Au sobre 46 m. Se planifican cuatro agujeros en la Fase 2, que se espera completen antes de fin de año. Una fuerte anomalía de carga IP coincide con la mineralización de Providencia y será probada para posibles extensiones en profundidad.
Trabajos de superficie han cartografiado un sistema de breccias hidrotermales zonificado que abarca aproximadamente 300 m x 150 m, con la mineralización abierta en varias zonas y 30 objetivos adicionales identificados a partir de recientes levantamientos aerotransportados.
Pan Global (OTCQB: PGZFF / TSXV: PGZ)는 북부 스페인에 위치한 100% 소유의 Cármenes Project에서 2단계 드릴링 Phase 2를 재개하여 Providencia 타깃의 금 발견을 추적하고 있습니다.
1단계에서 3.01 g/t Au, 34 m와 1.08 g/t Au, 46 m의 관측치를 얻었습니다. Phase 2에서는 4개의 구멍이 계획되었으며 연말까지 완료될 것으로 예상됩니다. 강한 IP 충전성 이상이 Providencia 광맥과 일치하며 깊이 확장에 대한 시험 대상이 됩니다.
표면 작업은 약 300 m x 150 m의 등급 재조정된 하이드로터마 브래케아 시스템을 지도화했으며, 여러 영역에서 광맥이 열려 있고 최근 항공 측정으로 추가적으로 30개 타깃이 확인되었습니다.
Pan Global (OTCQB: PGZFF / TSXV: PGZ) a relancé le forage de la phase 2 sur le projet Cármenes Project, détenu à 100% et situé dans le nord de l'Espagne, pour faire suite à une découverte d'or sur la cible Providencia.
La phase 1 a donné des carottes de 3,01 g/t Au sur 34 m et 1,08 g/t Au sur 46 m. Quatre sondages sont prévus en phase 2, qui devrait être achevée d'ici la fin de l'année. Une forte anomalie de charge IP coïncide avec la minéralisation Providencia et sera testée pour des extensions en profondeur.
Les travaux de surface ont cartographié un système de breccias hydrothermales zoné couvrant environ 300 m x 150 m, avec la minéralisation ouverte sur plusieurs zones et 30 cibles supplémentaires identifiées à partir des relevés aériens récents.
Pan Global (OTCQB: PGZFF / TSXV: PGZ) hat das Bohrprogramm der Phase 2 am zu 100% im Besitz befindlichen Cármenes Project im Norden Spaniens wieder aufgenommen, um der Goldentdeckung am Providencia-Ziel nachzugehen.
Phase 1 ergab Auffaltungen von 3,01 g/t Au über 34 m und 1,08 g/t Au über 46 m. Vier Bohrlöcher sind in Phase 2 geplant und sollen voraussichtlich vor Jahresende abgeschlossen sein. Eine starke IP-Ladungsanomalie stimmt mit der Providencia-Mineralisierung überein und wird auf Tiefenverlängerungen getestet.
Oberflächenarbeiten haben ein zoniertes hydrothermalisch-Bruchgestein-System kartiert, das etwa 300 m x 150 m abdeckt, wobei die Mineralisierung in mehreren Bereichen offen ist und aus jüngsten Flugkartierungen 30 zusätzliche Ziele identifiziert wurden.
Pan Global (OTCQB: PGZFF / TSXV: PGZ) أعادت بدء الحفر للمرحلة 2 في مشروع Cármenes Project المملوك بنسبة 100% في شمال إسبانيا لمتابعة اكتشاف ذهب في هدف Providencia.
أظهرت المرحلة 1 إكتشافات بعوائد 3.01 g/t Au على 34 م و 1.08 g/t Au على 46 م. مخطط إجراء أربعة آبار في المرحلة 2، التي من المتوقع أن تكتمل قبل نهاية السنة. تتوافق شذوذ شحنة IP القوي مع التمعدن Providencia وسيتم اختباره لامتدادات العمق.
أعمال السطح قد خرّطت نظام breccia هيدروحراري موزع يغطي نحو 300 م × 150 م، مع وجود التمعدن مفتوح في عدة مناطق وتم تحديد 30 هدفاً إضافياً من المسوح الجوية الحديثة.
Pan Global (OTCQB: PGZFF / TSXV: PGZ) 已在西班牙北部100%自有的Cármenes Project重新启动第2阶段钻探，以继续在 Providencia 靶区的金矿发现。
第1阶段的截获为3.01 g/t Au 在 34 m和1.08 g/t Au 在 46 m。第2阶段计划进行4个钻孔，预计在年内完成。一个与 Providencia 矿化相吻合的强烈IP 充电异常将测试深部扩展。
地表工作已绘制出约覆盖 300 m × 150 m 的分区水热角砾岩系统，矿化在若干区域仍有未完成的开放，并从最近的航空测绘中识别出 30 个额外靶点。
- Intercept of 3.01 g/t Au over 34 m (PVD06)
- Intercept of 1.08 g/t Au over 46 m (PVD02)
- Four Phase 2 drillholes planned to test extensions
- Strong IP chargeability anomaly coincident with mineralization
- Breccia footprint of ~300 m x 150 m mapped at surface
- 30 targets identified from airborne EM/magnetic/radiometric survey
- Phase 2 comprises only four holes, limiting immediate coverage
- Mineralization remains open at depth and unconfirmed by deep drilling
TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU
- Testing for extensions of the near-surface gold mineralization after intercepting 3.01 g/t Au over 34m at the Providencia target
- Depth extension potential indicated by strong IP anomaly
- Geochemical sampling and mapping underway at numerous Providencia targets
"Phase 2 drilling is now underway at the Providencia target after intercepting significant near-surface gold mineralization in the initial drill program earlier this year. This program aims to better understand the geometry by testing for extensions of the gold-rich breccia and high-grade copper-nickel-cobalt mineralization," said Tim Moody, President and CEO.
The Phase 1 program in the Cármenes Project included six drillholes at the Providencia target resulting in the new gold discovery with intercepts of 1.08 g/t Au over 46 meters (hole PVD02) and 3.01 g/t Au over 34 meters (hole PVD06) – (Media releases on September 9, 2025 and May 19, 2025). The Phase 2 drill program is expected to completed before year-end.
Mr. Moody added: "A strong IP chargeability anomaly is coincident with the Providencia mineralization and remains open well below the former underground mine workings, indicating the mineralization extends and potentially expands at depth. This anomaly is included for testing in the Phase 2 drill program." (see Figure 1 below)
Extensive surface geological mapping and sampling at the Providencia target have identified a large zoned, multi-phase hydrothermal breccia system in mostly carbonate rocks that is hosting the copper, cobalt, nickel, and gold mineralization. The breccia and associated alteration extend over a surface area of more than 300 meters x 150 meters, with the mineralization open in several areas. These types of deposits can have significant vertical dimensions exceeding 1km.
Detailed surface geochemical sampling and mapping has also commenced on targets surrounding Providencia, with 30 targets identified from a recent helicopter electromagnetic, magnetic, and radiometric survey.
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 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, a tier-one mining jurisdiction in southern
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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.
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SOURCE Pan Global Resources Inc.
FAQ
What did Pan Global announce about Phase 2 drilling at Cármenes (PGZFF) on October 20, 2025?
What significant gold intercepts did Pan Global report from Phase 1 at Providencia (PGZFF)?
Does Pan Global have geophysical targets to test at Cármenes (PGZFF)?
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