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Pan Global Resources ( (TSE:PGZ) ) has provided an announcement.
Pan Global Resources has commenced Phase 2 drilling at its Cármenes Project in northern Spain, targeting extensions of the gold mineralization discovered in Phase 1 at the Providencia target. The new drilling aims to explore the depth potential indicated by a strong IP anomaly and further understand the geometry of the mineralization, which includes copper, nickel, cobalt, and gold. The project area, known for its historical mining activities, shows promise for additional discoveries, with extensive geological mapping and sampling underway.
Spark’s Take on TSE:PGZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:PGZ is a Neutral.
Pan Global Resources is currently facing substantial financial and operational challenges, as indicated by ongoing losses and lack of revenue. While recent corporate events show promising exploration results, the lack of financial stability and valuation concerns weigh heavily on the overall stock score.
To see Spark’s full report on TSE:PGZ stock, click here.
More about Pan Global Resources
Pan Global Resources Inc. is engaged in exploring copper-rich mineral deposits along with gold and other metals. The company focuses on projects in Spain, including the flagship Escacena Project in the Iberian Pyrite Belt and the Cármenes Project in northern Spain. The company is committed to sustainable operations and is a member of the United Nations Global Compact.
Average Trading Volume: 268,336
Technical Sentiment Signal: Hold
Current Market Cap: C$48.64M
Find detailed analytics on PGZ stock on TipRanks’ Stock Analysis page.