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PAN GLOBAL SAMPLES 1.14 G/T GOLD OVER 26 METERS FROM NEAR SURFACE AT CANADA HONDA TARGET, ESCACENA PROJECT, SOUTHERN SPAIN
BarrickBarrick(US:GOLD) Prnewswire·2025-11-18 05:30

Core Insights - Pan Global Resources Inc. announced positive results from continuous twin saw-cut channel sampling at the Cañada Honda target within the Escacena Project, indicating significant mineralization and supporting further exploration efforts in 2026 [1][2][3] Exploration Results - A continuous 26-meter interval graded 1.14 grams per tonne (g/t) gold, confirming substantial near-surface gold mineralization at Cañada Honda [2][5] - The results indicate a wide zone of near-surface gold mineralization extending 150 meters up-dip from the nearest drill hole and 450 meters in dip extent, with potential for larger copper-gold systems [4][5] Project Expansion - The Escacena Project area has expanded from 5,760 hectares to over 10,000 hectares, with additional mineral rights awarded in September 2025 [8] - The company is also progressing on a maiden mineral resource for the La Romana deposit, expected to be delivered by year-end 2025 [3] Future Plans - The 2026 exploration program is anticipated to be one of the most exciting to date, with plans for additional geochemical sampling and drilling to test for potential expansion of mineralization [3][12] - Ongoing drill programs at the Escacena and Cármenes Projects are currently in progress, with assay results pending [7]