- Pan Global Resources (TSXV:PGZ) delivered high-grade gold from phase-2 drilling on the Providencia target at its 5,653-hectare Cármenes project in Spain
- The junior mining company explores for copper, gold and other strategic metals in Spain, including at the Escacena project, where maiden resources were announced in December 2025
- Pan Global Resources stock has given back 3.13 per cent year-over-year and 70.19 per cent since 2021
Pan Global Resources (TSXV:PGZ) delivered high-grade gold from phase-2 drilling on the Providencia target at its 5,653-hectare Cármenes project in Spain.
Highlights include multiple gold intervals from shallow depths, such as 1.2 grams per ton (g/t) of gold over 10 metres (m) from 16 m (60 m east of historical mine), as well as 3.5 g/t gold over 8 m from 77 m, both in drillhole PVD10, confirming gold mineralization adjacent to historical mine workings. The company also found success at depth, intersecting 1.37 g/t gold over 1 m from 115 m in drillhole PVD07.
Lower gold grades are associated with copper-nickel-cobalt mineralization, which the company encountered in drillhole PDV09, yielding 0.94 per cent copper, 0.06 per cent nickel, 0.04 per cent cobalt and 0.38 g/t gold over 1.4 m.
Hydrothermal breccia and alteration mapping over a 500 m-by-200 m area, combined with geophysical data and anomalous copper and gold soil geochemistry, suggest the presence of a much larger polymetallic system at Providencia to be explored during phase-3 drilling in Q1 2026.
Management commentary
“Drilling continues to confirm near-surface high-grade gold mineralization strongly associated with hematite breccia zones at the Providencia target. The identification of free native gold within the breccia supports the potential for favourable metallurgy,” Tim Moody, president and chief executive officer of Pan Global Resources, said in Tuesday’s news release.
“Importantly, drilling has demonstrated that copper–nickel–cobalt-gold mineralization extends beyond the historical mine workings and that multiple gold zones occur at shallow depths,” Moody added. “The mineralization remains open along strike and at depth, providing compelling targets for the next phase of drilling to define the extent of the system and evaluate the more than two dozen other drill targets in the Cármenes project area.”
About Pan Global Resources
Pan Global Resources explores for copper, gold and other strategic metals in Spain, including at the Escacena project, where maiden resources were announced in December 2025.
Pan Global Resources stock (TSXV:PGZ) opened unchanged trading at C$0.16. The stock has given back 3.13 per cent year-over-year and 70.19 per cent since 2021.
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