Pan Global Resources Unveils High-Grade Gold Discovery at Spain’s Cármenes Project

Pan Global Resources ( (TSE:PGZ) ) has issued an announcement.

Pan Global Resources has announced significant gold mineralization results from its Cármenes Project in Spain, particularly at the Providencia target. The discovery includes high-grade gold samples from both underground and surface trench sampling, prompting the company to expand its maiden drill program with three additional drillholes. This expansion aims to test the broader area east of historical mine workings, which has shown promising soil geochemistry anomalies. The findings suggest a strong potential for extending known mineralization, which could enhance the company’s position in the mining sector and offer new opportunities for stakeholders.

More about Pan Global Resources

Pan Global Resources Inc. operates in the mining industry, focusing on exploration and development of copper, gold, nickel, and cobalt. The company is actively involved in projects in Spain, including the Cármenes and Escacena projects, with a market emphasis on discovering high-grade mineral deposits.

YTD Price Performance: 3.57%

Average Trading Volume: 207,341

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$44.06M

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