Pan Global Resources Delivers Encouraging Copper-Gold Findings
New Discoveries at the Providencia Target
Pan Global Resources Inc. (TSXV: PGZ, OTCQB: PGZFF, FRA: 2EU) is excited to share the latest findings from its ongoing exploration of the Providencia target at its 100%-owned Cármenes Project. The new channel sampling results indicate significant high-grade mineralization of copper, cobalt, nickel, and gold over extensive sections. These findings underscore the potential for substantial deposits within this area.
High-Grade Results Unveiled
Recent channel sampling has revealed impressive results, including substantial grades of 4.17% copper, 2.68% nickel, 1.28% cobalt, and 0.88 grams per tonne gold across a 5-meter interval. Notably, within that interval, there was a remarkable peak assay of 11.0% copper, 4.47% nickel, and 2.47% cobalt over just 1 meter. The ongoing assessment of the Providencia site not only confirms previous mineralizations but also opens up the possibility of discovering new mineral-rich areas.
Ongoing Drilling Programs
Currently, Pan Global is conducting drilling operations to explore a promising new gold target at Providencia. This exploration focuses on areas identified through high gold-in-soil and trench sampling analysis, which are situated just outside the historical mine workings. These efforts aim to enhance understanding and potentially uncover extensive gold deposits. The final drillhole is nearing completion with results expected to be available shortly.
Expanding Exploration Efforts
The geology at the Providencia target features a large, carbonate-hosted, multi-phase hydrothermal breccia. This geological system is key for hosting the copper, cobalt, nickel, and gold mineralization, spanning a wide format across 300m by 150m, and remains open for further exploration. The area exhibits promising geology that suggests the potential for additional mineral discoveries.
Updates on the Escacena Project
Simultaneously, activity at Pan Global’s flagship Escacena Project continues to ramp up. Drilling is actively occurring in the prolific Iberian Pyrite Belt, with plans to expand the La Romana copper-tin-silver deposit. This drill program aims to evaluate new targets identified in the vicinity of existing operations, further reinforcing Pan Global's strategic position in the mineral exploration landscape.
Significance of the Cármenes Project
The Cármenes Project itself is situated approximately 55 kilometers north of León, within a geologically rich region known for valuable mineral deposits. Its historical significance is backed by mining operations dating back to the 1930s, where previous extractions focused on copper and cobalt. Current investigations suggest the region's vast potential, with multiple targets for further exploration.
Technological and Operational Development
Pan Global is advancing preparations for an NI 43-101-compliant Technical Report and a maiden Mineral Resource Estimate for the La Romana deposit. This initiative marks a significant step toward realizing the full potential of their projects, reinforcing the importance of diligent exploration plans supported by technological advancements.
About Pan Global Resources Inc.
Pan Global Resources Inc. commits to the exploration of copper-rich mineral deposits alongside gold and other precious metals. With the increasing demand for copper and gold driven by global energy transitions, Pan Global stands poised for future growth in the mineral sector. The company operates under a framework of professional integrity and environmental stewardship, committed to community engagement and partnerships.
Frequently Asked Questions
What is the significance of the Providencia target?
The Providencia target showcases high-grade copper, cobalt, nickel, and gold mineralization, reinforcing its potential as a valuable resource for Pan Global.
What grades were reported in the recent findings?
Recent channel sampling revealed grades of up to 11.0% copper, with other significant minerals like nickel and gold present in considerable quantities.
How is Pan Global advancing its exploration efforts?
Pan Global is actively drilling at Providencia and is also expanding exploration at the Escacena Project to enhance its resource assessments and understand mineral distributions.
What is the historical background of the Cármenes Project?
The Cármenes Project is located in a historically rich mining region, with past operations dating back to the 1930s, focusing on copper and cobalt extraction.
What role does environmental stewardship play in Pan Global's operations?
Pan Global is committed to operating responsibly, emphasizing environmental stewardship and community partnerships while exploring mineral solutions sustainably.
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