PAN GLOBAL EXPANDS NEAR-SURFACE HIGH-GRADE COPPER-COBALT-NICKEL-GOLD TARGET AT PROVIDENCIA, CÁRMENES PROJECT, SPAIN
Pan Global Resources (OTCQB:PGZFF) has announced significant results from underground channel sampling at its Providencia target within the 100%-owned Cármenes Project in Spain. The sampling revealed high-grade mineralization including exceptional results of 4.17% Cu, 2.68% Ni, 1.28% Co, and 0.88 g/t Au over 5m, with peak samples reaching 11.0% Cu.
The company is currently conducting drilling operations at a new gold target at Providencia, with results expected in September. The mineralization occurs within a large carbonate-hosted hydrothermal breccia system extending over 300m x 150m. Additionally, Pan Global is advancing its flagship Escacena Project, with two drill rigs targeting expansion of the La Romana copper-tin-silver deposit and plans for a maiden NI 43-101 Mineral Resource Estimate.
Pan Global Resources (OTCQB:PGZFF) ha annunciato risultati significativi da campionamenti in canali sotterranei presso il bersaglio Providencia nel progetto Cármenes di sua proprietà al 100% in Spagna. I campionamenti hanno evidenziato una mineralizzazione ad alto tenore, con risultati eccezionali di 4,17% Cu, 2,68% Ni, 1,28% Co e 0,88 g/t Au su 5 m, e campioni di picco che hanno raggiunto l'11,0% Cu.
L'azienda sta attualmente effettuando perforazioni su un nuovo target aurifero a Providencia, con risultati attesi per settembre. La mineralizzazione si manifesta all'interno di un esteso sistema di breccia idrotermale ospitato in carbonati che si estende per oltre 300 m x 150 m. Inoltre, Pan Global sta portando avanti il suo progetto di punta Escacena, con due impianti di perforazione impegnati nell'espansione del giacimento di rame-stagno-argento La Romana e con piani per una prima stima delle risorse mineralimetrica NI 43-101.
Pan Global Resources (OTCQB:PGZFF) ha anunciado resultados significativos de muestreos en canales subterráneos en su objetivo Providencia dentro del Proyecto Cármenes, de su propiedad al 100% en España. Los muestreos revelaron una mineralización de alto grado, incluyendo resultados excepcionales de 4,17% Cu, 2,68% Ni, 1,28% Co y 0,88 g/t Au sobre 5 m, con muestras máximas que alcanzaron 11,0% Cu.
La compañía está llevando a cabo perforaciones en un nuevo objetivo de oro en Providencia, con resultados esperados en septiembre. La mineralización se encuentra en un extenso sistema de brecha hidrotermal hospedado en carbonatos que se extiende por más de 300 m x 150 m. Adicionalmente, Pan Global está avanzando en su proyecto insignia Escacena, con dos unidades de perforación enfocadas en ampliar el depósito de cobre-estaño-plata La Romana y con planes para una estimación inicial de recursos minerales NI 43-101.
Pan Global Resources (OTCQB:PGZFF)는 스페인에서 100% 보유한 Cármenes 프로젝트의 Providencia 타깃에서 실시한 지하 채널 시료 채취 결과를 발표했습니다. 시료 분석에서 5m 구간에서 4.17% Cu, 2.68% Ni, 1.28% Co, 0.88 g/t Au라는 고등급 광화가 확인되었고, 최고 시료는 Cu 11.0%를 기록했습니다.
회사는 현재 Providencia의 새 금(골드) 타깃에서 시추를 진행 중이며 결과는 9월에 발표될 예정입니다. 광화는 300m x 150m에 걸친 대규모 탄산염암 관입형 열수 브레치아 시스템 내에 발달해 있습니다. 또한 Pan Global은 주력 프로젝트인 Escacena를 진전시키고 있으며, La Romana 구리-주석-은 광상의 확장을 목표로 두 대의 시추 장비를 가동하고 있고, NI 43-101 초판 광물자원 추정 계획도 추진 중입니다.
Pan Global Resources (OTCQB:PGZFF) a annoncé des résultats significatifs issus d'échantillonnages en canaux souterrains sur sa cible Providencia, au sein du projet Cármenes détenu à 100% en Espagne. Les prélèvements ont révélé une minéralisation à haute teneur, incluant des résultats exceptionnels de 4,17% Cu, 2,68% Ni, 1,28% Co et 0,88 g/t Au sur 5 m, avec des échantillons culminant à 11,0% Cu.
La société réalise actuellement des forages sur une nouvelle cible aurifère à Providencia, avec des résultats attendus en septembre. La minéralisation se développe dans un vaste système de brèche hydrothermale encaissé dans des carbonates, couvrant plus de 300 m x 150 m. Par ailleurs, Pan Global fait progresser son projet phare Escacena, avec deux plateformes de forage visant l'expansion du gisement de cuivre-étain-argent La Romana et des plans pour une première estimation des ressources minérales NI 43-101.
Pan Global Resources (OTCQB:PGZFF) hat bedeutende Ergebnisse von unterirdischen Kanalproben am Ziel Providencia innerhalb des zu 100% im Besitz befindlichen Cármenes-Projekts in Spanien bekannt gegeben. Die Proben zeigten eine hochgradige Mineralisierung, einschließlich herausragender Werte von 4,17% Cu, 2,68% Ni, 1,28% Co und 0,88 g/t Au über 5 m, mit Spitzenproben bis zu 11,0% Cu.
Das Unternehmen bohrt derzeit an einem neuen Goldziel in Providencia; Ergebnisse werden im September erwartet. Die Mineralisierung tritt in einem ausgedehnten karbonatgehosteten hydrothermalen Brekzien-System auf, das sich über 300 m x 150 m erstreckt. Zusätzlich treibt Pan Global sein Flaggschiffprojekt Escacena voran, mit zwei Bohranlagen, die die Erweiterung der Kupfer-Zinn-Silber-Lagerstätte La Romana anpeilen, sowie Plänen für eine erste NI 43-101-Mineralressourcenschätzung.
- High-grade mineralization with peak samples of 11.0% Cu, 4.47% Ni, 2.47% Co
- Wide mineralization intervals including 32m at 1.02% Cu, 0.65% Ni, 0.38% Co
- Large mineralized breccia system extending over 300m x 150m area
- Multiple high-priority exploration targets within Cármenes Project
- Advancement toward maiden Mineral Resource Estimate at La Romana deposit
- No previous drilling history at Providencia target
- Mineralization geometry remains unconstrained
- Results from current drilling program still pending
TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU
- New channel sampling shows high-grade copper, cobalt, nickel and gold mineralization over wide intervals at the Providencia target
- Results include
4.17% Cu,2.68% Ni,1.28% Co, 0.88 g/t Au over 5m (including11.0% Cu,4.47% Ni,2.47% Co, 1.34 g/t Au, 7.0 g/t Ag over 1m) and1.02% Cu,0.65% Ni,0.38% Co, 0.17g/t Au over 32m - Drilling in progress testing new gold target at Providencia
"The Cármenes Project is a compelling opportunity to discover significant high-grade copper, nickel, cobalt and gold associated with hydrothermal breccia mineralization at multiple targets," said Tim Moody, Pan Global's President and CEO.
"The new channel sample assay results from the walls of the approximately 100-year-old Providencia mine workings confirm the high-grade nature of the sulphide-rich copper, cobalt and nickel mineralization that was previously mined. The new sampling and mapping are providing valuable information on the geological controls on the mineralization, and potential for expansion," said Mr. Moody. "Additional drilling is required to test for expansion of the high-grade sulphide breccia zone, particularly in the west where the highest-grade copper-nickel-cobalt channel samples are located. Drilling is currently investigating potential for more extensive gold mineralization east of the mine workings."
Key results
- Assay results received from detailed channel sampling at the historical Providencia mine workings confirms high-grade copper, nickel, cobalt, gold extends over wide intervals and remains open in several directions (see Figures 1 and 2, below). Significant intervals include:
Mineralized Zone | Interval* (m) | Cu % | Co % | Ni % | Au g/t | Ag g/t |
D825354 - D825358 | 5 | 4.17 | 1.28 | 2.68 | 0.88 | 4.0 |
D825367 - D825376 | 10 | 0.86 | 0.18 | 0.28 | 0.21 | 1.1 |
D825381 - D825400 | 32 | 1.02 | 0.38 | 0.65 | 0.17 | 0.7 |
D825451 - D825462 | ||||||
D825381 - D825395 | 15 | 1.37 | 1.04 | 0.62 | 0.22 | 0.8 |
* Intervals are continuous along-channel sample widths |
- Peak channel sample assays of
11.0% Cu,4.47% Ni,2.47% Co, 1.34 g/t Au, 7.0 g/t Ag over 1m (Sample D825354) - The higher-grade copper, cobalt, and nickel channel samples correspond predominantly with sulphide-rich breccia and supergene mineralization. The results also show that gold is anomalous in both the sulphide-rich breccia and as "gold-only" mineralization (without significant copper, cobalt, nickel or sulfides) in a black sandy limestone and outer zone of red hematitic-dolomite breccia with traces of fine-grained sulphide minerals
- The new results are from 86 continuous saw-cut channel samples collected over 1-meter intervals along the walls of the mine workings at the 1,467m elevation level (approx. 18m-to-32m depth below surface). The mine workings indicate a pipe-like geometry of the sulphide-rich copper, cobalt, nickel breccia mineralization from surface to at least 120 meters depth and remains open to depth
Drilling Underway at New Gold Target
Drilling is currently testing potential for a more extensive zone of gold mineralization at Providencia associated with an area identified with high gold-in-soil, trench, and channel sampling immediately east and outside of the historical mine workings. There was no previous drilling at Providencia, which is the first of multiple targets to be investigated at Cármenes. The final drillhole of the current drill program at Providencia is nearing completion, with results anticipated in September.
Geological mapping and surface sampling at the Providencia target show a large zoned, carbonate-hosted, multi-phase hydrothermal breccia system is hosting the copper, cobalt, nickel and gold mineralization. The breccia and associated alteration system extend over a surface area of 300m x 150m, with the geometry unconstrained.
Surface geochemistry and geological mapping commenced at the Profunda target, 1 km south of Providencia, expanding exploration across multiple high-priority targets within the Cármenes Project.
Escacena Project update
Drilling is also in progress at the Company's flagship Escacena Project in the Iberian Pyrite Belt in southern
The Company is advancing the selection process for a consultant to deliver a NI 43-101-compliant Technical Report and maiden Mineral Resource Estimate for the La Romana deposit.
About the Cármenes Project
The Cármenes Project is located approx. 55km north of León in northern
About the Escacena Project
The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled
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
To learn more about Pan Global Resources, please visit the Company's Curation Connect showcase and explore AI-generated responses to your enquiries at https://app.curationconnect.com/company/Pan-Global-Resources-44037?utm_source=pg_mediareleases
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.
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pan-global-expands-near-surface-high-grade-copper-cobalt-nickel-gold-target-at-providencia-carmenes-project-spain-302534212.html
SOURCE Pan Global Resources Inc.
FAQ
What are the latest sampling results from Pan Global's Providencia target?
What is the size of the mineralized system at PGZFF's Providencia target?
When will Pan Global release the drilling results from Providencia?
What are Pan Global's plans for the La Romana deposit?
How deep does the mineralization at PGZFF's Providencia target extend?
