Promising Gold and Copper Drill Results from Pan Global Resources
Exciting Findings at the Cármenes Project
Pan Global Resources Inc. (TSXV: PGZ, OTCQB: PGZFF, FRA: 2EU) has made significant strides in its maiden drilling campaign at the Cármenes Project. Recent assays reveal promising gold and copper mineralization, adding to the excitement surrounding this potential mining site.
Drill Results and Highlights
The newly reported drill results come from drillholes PVD03 and PVD04. These two holes targeted extensions of the mineralization associated with historical mining activities. Notably, drillhole PVD03 was drilled east of historical mine workings, while PVD04 passed through breccia showcasing various metals, contributing to the mineralization profile.
Key highlights from the drilling include:
- Drillhole PVD03 reported a wide interval of 56 meters at 0.37 g/t Au from a depth of 29 meters, containing multiple high-grade segments, including 4 meters at 1.22 g/t Au.
- Drillhole PVD04 demonstrated high-grade intercepts of copper, nickel, cobalt, and selenium, with a noteworthy 110 meters at 0.23 g/t Au from 8 meters.
- Additional subintervals showed exceptional grades, such as 4 meters at 0.59 g/t Au alongside 1.05% Cu.
These results underline the great potential for substantial hydrothermal breccia-hosted mineralization in the area.
Future Plans and Exploration
With the completion of these drillholes, Pan Global is gearing up for further drilling operations within the Cármenes Project. The company is preparing to drill three additional holes targeting a significant unexplored zone to the east of the Providencia workings, where prior channel samples returned favorable results of 3.11 g/t Au over 37 meters.
In tandem with the drilling efforts, a helicopter geophysics survey has been undertaken, revealing several promising targets mirroring the features of the Providencia site. This heightens the anticipation for further discoveries of gold, copper, nickel, and cobalt in the Project area.
About the Cármenes Project
The Cármenes Project spans an expansive area of five investigation permits across 5,653 hectares, approximately 55 km north of León. This region's geological framework is highly prospective for multiple bodies rich in copper, nickel, cobalt, and gold, thanks to its historical mining operations.
The project site once housed the Providencia mines, which produced copper and cobalt concentrates back in the 1930s. Yet, significant unexplored potential remains as reports indicate the presence of additional breccia pipes, known to have substantial vertical dimensions.
About Pan Global Resources
Pan Global Resources Inc. is committed to exploring valuable copper-rich deposits alongside gold and other metals essential in today’s economy. The company’s flagship project, the Escacena Project, is located in Spain's Iberian Pyrite Belt, an area known for its robust mining history and promising geology.
With a team of seasoned professionals in exploration and mining, Pan Global is dedicated to responsible and sustainable mining practices. The company aims to leverage the strategic importance of copper and gold, especially in the current climate, to advance its projects effectively.
Frequently Asked Questions
What are the significant findings from Pan Global in Cármenes?
The latest drilling results at Cármenes reveal high-grade gold and copper intervals, showcasing substantial mineralization potential in the area.
What future drilling plans does Pan Global have?
Pan Global plans to drill three additional holes to explore an unexplored zone to the east of the Providencia workings, aiming to confirm further gold mineralization.
How large is the Cármenes Project?
The Cármenes Project encompasses over 5,653 hectares across five investigation permits in northern Spain.
Why is the Cármenes Project significant?
The project is situated in a historically rich mining area known for its substantial deposits of copper, nickel, cobalt, and gold.
How does Pan Global address environmental concerns?
Pan Global is committed to operating responsibly, adhering to the principles of the United Nations Global Compact regarding environmental sustainability and community respect.
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