PAN GLOBAL INTERCEPTS NEAR-SURFACE HIGH-GRADE GOLD AT THE CÁRMENES PROJECT, SPAIN

Core Insights - Pan Global Resources Inc. has reported high-grade gold mineralization at the Cármenes Project in Spain, with significant results from the Phase 2 drill program [1] - The company plans to commence a Phase 3 drill program in the first quarter of 2026, targeting multiple untested gold and polymetallic targets [1] Drill Results - Drillhole PVD10 intersected multiple gold intervals, including 3.5 g/t Au over 8 meters and 1.2 g/t Au over 10 meters [1] - Drillhole PVD07 showed a mineralized interval of approximately 5 meters from 115 meters down-hole, with assays indicating 0.23 g/t Au and >100 g/t Ag [1] - Drillhole PVD09 encountered over 9 meters of sulfide-rich breccia, ending in 0.94% Cu, 0.06% Ni, 0.04% Co, and 0.38 g/t Au [1] Geological Context - The Cármenes Project is located on the Rio Narcea Gold Belt and covers an area of 5,653 hectares, with potential for multiple bodies of copper, nickel, cobalt, and gold mineralization [1] - The mineralization is primarily hosted within red hematitic hydrothermal breccia zones developed in carbonate rocks, indicating a larger gold-bearing and polymetallic mineral system [1] Future Plans - The Phase 3 drill program is set to explore the extent of the mineralization and evaluate over two dozen other drill targets in the Cármenes Project area [1] - The company aims to further assess the metallurgical properties of the identified free native gold within the breccia [1]