PAN GLOBAL SAMPLES 5.2% COPPER OVER 5m AT PROFUNDA TARGET, CÁRMENES PROJECT, SPAIN
Pan Global Resources (PGZFF) has announced significant high-grade copper results from underground channel sampling at the Profunda target in its 100%-owned Cármenes Project, Spain. The sampling revealed impressive grades including 5.2% Cu over 5m and peak values of 25.7% Cu over 1m, along with notable cobalt, nickel, and silver content.
The Profunda target area extends over 500m x 150m based on initial soil sampling and alteration mapping. The company collected 27 channel samples from the upper 60m of mine workings, averaging 3.62% Cu, 0.17% Co, 0.09% Ni, and 5.7 g/t Ag. The mineralization is associated with east-west trending fault structures.
Drilling is currently in progress at both the Providencia target in the Cármenes Project and the Bravo target in the Escacena Project, with results anticipated in the second quarter.
Pan Global Resources (PGZFF) ha annunciato risultati significativi di rame di alta qualità provenienti da campionamenti di canali sotterranei presso l'obiettivo Profunda nel suo progetto Cármenes, di cui detiene il 100%. I campionamenti hanno rivelato gradi impressionanti, tra cui 5.2% Cu su 5m e valori di picco di 25.7% Cu su 1m, insieme a contenuti notevoli di cobalto, nichel e argento.
L'area dell'obiettivo Profunda si estende per 500m x 150m sulla base dei campionamenti iniziali del suolo e della mappatura delle alterazioni. L'azienda ha raccolto 27 campioni di canale dai primi 60m dei lavori minerari, con una media di 3.62% Cu, 0.17% Co, 0.09% Ni e 5.7 g/t Ag. La mineralizzazione è associata a strutture di faglia orientate est-ovest.
Attualmente sono in corso perforazioni sia presso l'obiettivo Providencia nel progetto Cármenes che presso l'obiettivo Bravo nel progetto Escacena, con risultati attesi nel secondo trimestre.
Pan Global Resources (PGZFF) ha anunciado resultados significativos de cobre de alta calidad provenientes de muestreo de canales subterráneos en el objetivo Profunda de su Proyecto Cármenes, del cual posee el 100%. El muestreo reveló grados impresionantes, incluyendo 5.2% Cu sobre 5m y valores máximos de 25.7% Cu sobre 1m, junto con contenido notable de cobalto, níquel y plata.
El área del objetivo Profunda se extiende por 500m x 150m basándose en muestreos iniciales de suelo y mapeo de alteraciones. La compañía recolectó 27 muestras de canal de los primeros 60m de las labores mineras, promediando 3.62% Cu, 0.17% Co, 0.09% Ni y 5.7 g/t Ag. La mineralización está asociada con estructuras de falla en dirección este-oeste.
Actualmente se están realizando perforaciones tanto en el objetivo Providencia del Proyecto Cármenes como en el objetivo Bravo del Proyecto Escacena, con resultados anticipados para el segundo trimestre.
Pan Global Resources (PGZFF)는 스페인 카르메네스 프로젝트에서 100% 소유하는 Profunda 목표지점의 지하 채널 샘플링에서 고품질 구리 결과를 발표했습니다. 샘플링 결과 5.2% Cu over 5m 및 최대 25.7% Cu over 1m의 인상적인 등급이 드러났으며, 코발트, 니켈 및 은의 함량도 주목할 만합니다.
Profunda 목표 지역은 초기 토양 샘플링 및 변질 매핑을 바탕으로 500m x 150m로 확장됩니다. 회사는 광산 작업의 상위 60m에서 27개의 채널 샘플을 수집하여 평균 3.62% Cu, 0.17% Co, 0.09% Ni 및 5.7 g/t Ag의 결과를 얻었습니다. 광물화는 동서 방향의 단층 구조와 관련이 있습니다.
현재 카르메네스 프로젝트의 Providencia 목표와 에스카세나 프로젝트의 Bravo 목표에서 드릴링이 진행 중이며, 결과는 2분기에 예상됩니다.
Pan Global Resources (PGZFF) a annoncé des résultats significatifs de cuivre de haute qualité provenant d'échantillonnages de canaux souterrains au niveau de la cible Profunda dans son projet Cármenes, dont il détient 100%. Les échantillons ont révélé des teneurs impressionnantes, notamment 5.2% Cu sur 5m et des valeurs maximales de 25.7% Cu sur 1m, ainsi qu'un contenu notable en cobalt, nickel et argent.
La zone cible Profunda s'étend sur 500m x 150m sur la base des premiers échantillonnages de sol et de la cartographie des altérations. L'entreprise a collecté 27 échantillons de canaux dans les 60 premiers mètres des travaux miniers, avec une moyenne de 3.62% Cu, 0.17% Co, 0.09% Ni et 5.7 g/t Ag. La minéralisation est associée à des structures de faille orientées est-ouest.
Des forages sont actuellement en cours à la fois sur la cible Providencia du projet Cármenes et sur la cible Bravo du projet Escacena, avec des résultats attendus au deuxième trimestre.
Pan Global Resources (PGZFF) hat bedeutende hochgradige Kupferergebnisse aus unterirdischen Kanalsammlungen im Zielbereich Profunda seines 100%-eigenen Cármenes-Projekts in Spanien bekannt gegeben. Die Probenahme ergab beeindruckende Gehalte, darunter 5.2% Cu über 5m und Spitzenwerte von 25.7% Cu über 1m, sowie bemerkenswerte Gehalte an Kobalt, Nickel und Silber.
Der Zielbereich Profunda erstreckt sich über 500m x 150m, basierend auf ersten Bodenproben und Alterationskartierungen. Das Unternehmen sammelte 27 Kanalsamples aus den oberen 60m der Bergwerke, mit einem Durchschnitt von 3.62% Cu, 0.17% Co, 0.09% Ni und 5.7 g/t Ag. Die Mineralisierung ist mit ost-westlich verlaufenden Verwerfungsstrukturen assoziiert.
Derzeit sind Bohrungen sowohl im Zielbereich Providencia des Cármenes-Projekts als auch im Zielbereich Bravo des Escacena-Projekts im Gange, wobei Ergebnisse im zweiten Quartal erwartet werden.
- High-grade copper results: 25.7% Cu over 1m and 5.2% Cu over 5m
- Strong average grades from 27 samples: 3.62% Cu with cobalt, nickel, and silver credits
- Large target area of 500m x 150m indicates expansion potential
- 100% ownership of the Cármenes Project
- Historical mining to 1930s, requiring modern validation
- Current sampling to upper 60m of mine workings
TSXV: PGZ | OTCQX: PGZFF | FRA: 2EU
- Profunda underground channel samples return high grades, including:
- 27 samples averaging
3.62% Cu,0.17% Co,0.09% Ni, 5.7 g/t Ag
- 27 samples averaging
- Select significant continuous channel sample results include:
25.7% Cu,0.37% Co,0.53% Ni, 41.7 g/t Ag over 1m5.2% Cu,0.14% Co,0.13% Ni, 5.9 g/t Ag over 5m8.5% Cu,0.10% Co,0.11% Ni, 20.1 g/t Ag over 2m2.2% Cu,0.07% Co,0.06% Ni, 2.4 g/t Ag over 3m
- Profunda target area extends over 500m x 150m based on initial wide-spaced soil sample copper results and alteration mapping
- Drilling in-progress at the Providencia target in the Cármenes Project, and the Bravo target in the Escacena Project
"These first detailed rock channel sample results from the walls of the underground mine workings at the past producing Profunda mine indicate continuous intervals of higher-grade mineralization. Mining last occurred at Profunda for copper, nickel, and cobalt in the early 1930s. The Providencia target, 1km to the north of Profunda, returned similar high-grade channel sample results. Sampling and geological mapping at the Cármenes Project supports the potential for discovery of multiple high-grade breccia structures in the Project area," said Tim Moody, Pan Global President and CEO.
"Drilling currently underway at the Providencia target is designed to confirm continuity of the high-grade copper and gold mineralization and test beyond the areas of past production."
Key Results:
- A 500m x 150m soil copper anomaly has been outlined from Initial wide-spaced portable-XRF soil sampling (see January 27, 2025 media release). The soil anomaly indicates potential for discovery of additional mineralization beyond the historical mine workings, associated with areas of strong dolomitic alteration, breccia and gossan mapped at surface.
- Results were received for 27 channel samples from the walls in the upper 60m of the mine workings. The results show continuous high copper, cobalt, nickel and silver grades in the sidewalls of the mine workings in several areas (Figure 1).
- Channel samples were collected over 1m intervals. The channels were saw-cut and chip-sampled horizontally across the breccia mineralization. Table 1 (below) highlights significant results.
- Mapping inside the mine workings indicates the breccia mineralization is spatially-associated with a series of east-west trending fault structures, and regionally is located near the junction of interpreted northeast and northwest trending fault zones.
Detailed surface sampling at Profunda will continue to better delineate the surface extent of the mineralization and refine the geological model ahead of drilling. Results are also currently being interpreted from a recently completed Helicopter Transient Electro-Magnetic (HTEM), magnetic and radiometric survey over the Cármenes Project. Drilling is underway at the nearby high-priority Providencia target, with first drill results anticipated in the second quarter.
Mining at Profunda up to the 1930s extracted high-grade copper and cobalt within a pipe-like breccia body, similar to the nearby Providencia target. Pan Global has also confirmed the potential for gold mineralization with identification of a high-grade gold zone adjacent to the main breccia pipe at Providencia.
Drilling is continuing at the Company's flagship Escacena Project in southern
Profunda Target Underground Channel Sampling Results
A total of 27 continuous rock chip channel samples were collected from the side walls of the Profunda mine workings and La Cuevona open-stope. The samples were taken from within the upper 60m of the mine workings, with tunnel and shafts extending to 260m depth below surface. Each sample was collected over a 1-meter length and weighed from 1 to 5 kg. Results are summarized in Table 1 (below).
Table 1 – Underground channel sample results; selected intervals highlighted
Channel | Length | Au | Ag | Cu | Co | Ni |
Sample No. | meters | g/t | g/t | % | % | % |
1 | 1 | 0.01 | 1.30 | 0.90 | 0.15 | 0.04 |
2 | 1 | 0.01 | 0.25 | 0.15 | 0.12 | 0.02 |
3 | 1 | 0.01 | 20.80 | 9.56 | 0.15 | 0.06 |
23 | 1 | 0.07 | 19.30 | 7.45 | 0.05 | 0.15 |
3, 23 | 2 | 0.04 | 20.05 | 8.51 | 0.10 | 0.11 |
4 | 1 | <0.01 | 0.90 | 0.49 | 0.08 | 0.02 |
5 | 1 | 0.01 | 0.70 | 0.81 | 0.05 | 0.05 |
6 | 1 | 0.04 | 14.10 | 5.27 | 0.50 | 0.12 |
7 | 1 | 0.01 | 0.25 | 0.58 | 0.04 | 0.05 |
8 | 1 | 0.01 | 1.40 | 1.37 | 0.22 | 0.05 |
9 | 1 | 0.02 | 1.30 | 1.96 | 1.70 | 0.27 |
9 | 1 | 0.01 | 4.56 | 2.34 | 0.33 | 0.08 |
10 | 1 | <0.01 | 0.25 | 0.20 | 0.18 | 0.19 |
11 | 1 | 0.09 | 41.70 | 25.70 | 0.37 | 0.53 |
12 | 1 | <0.01 | 0.25 | 0.08 | 0.01 | 0.01 |
13 | 1 | <0.01 | 0.60 | 0.17 | 0.01 | 0.01 |
14 | 1 | 0.01 | 1.00 | 0.61 | 0.13 | 0.08 |
15 | 1 | 0.02 | 6.00 | 6.05 | 0.08 | 0.08 |
16 | 1 | <0.01 | 0.25 | 0.03 | 0.01 | 0.01 |
14-16 | 3 | 0.01 | 2.42 | 2.23 | 0.07 | 0.06 |
17 | 1 | <0.01 | 0.25 | 0.42 | 0.03 | 0.01 |
18 | 1 | 0.01 | 4.10 | 4.21 | 0.16 | 0.05 |
19 | 1 | 0.01 | 6.60 | 7.68 | 0.12 | 0.08 |
20 | 1 | 0.02 | 13.40 | 8.99 | 0.23 | 0.35 |
21 | 1 | 0.02 | 3.00 | 2.94 | 0.11 | 0.12 |
22 | 1 | 0.01 | 2.20 | 2.09 | 0.07 | 0.07 |
18-22 | 5 | 0.01 | 5.86 | 5.18 | 0.14 | 0.13 |
24 | 1 | 0.02 | 4.70 | 3.78 | 0.02 | 0.03 |
25 | 1 | 0.01 | 2.10 | 1.47 | 0.05 | 0.03 |
26 | 1 | 0.01 | 2.90 | 2.40 | 0.01 | 0.02 |
27 | 1 | 0.02 | 3.50 | 2.25 | 0.04 | 0.04 |
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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