PAN GLOBAL INTERCEPTS FURTHER HIGHER-GRADE GOLD AND COPPER MINERALIZATION AT CÁRMENES PROJECT, SPAIN

Core Insights - Pan Global Resources Inc. has announced positive results from its maiden drill campaign at the Cármenes Project in northern Spain, specifically from drillholes PVD03 and PVD04, which targeted extensions of breccia-hosted mineralization associated with the historical Providencia mine [1][4][10] Drill Results - Drillhole PVD03 intersected significant gold mineralization, including 56 meters at 0.37 g/t Au from 29 meters downhole, with higher-grade intervals of 4 meters at 2.19 g/t Au [5][10] - Drillhole PVD04 revealed high-grade copper, nickel, cobalt, and selenium intercepts, with a notable interval of 110 meters at 0.23 g/t Au from 8 meters downhole [5][10] - The results indicate a wide zone of breccia mineralization, expanding the known mineralization to the south, east, and north of the historical mine workings [4][10] Future Exploration - The company plans to drill three additional step-out holes targeting a principal untested gold zone at Providencia, which is expected to further define the mineralization potential [4][6] - A recently completed helicopter geophysics survey has identified multiple new targets with similar features to Providencia, indicating strong potential for additional discoveries [7][10] Project Overview - The Cármenes Project covers approximately 5,653 hectares and is located about 55 kilometers north of León, Spain, with a history of mining for copper and cobalt [11][12] - The project area is considered highly prospective for multiple bodies of breccia-style mineralization, with significant vertical dimensions exceeding 1 kilometer [11][12]