Exciting Developments at Pan Global Resources: High-Grade Copper Discoveries at Profunda Target
In a recent press release, Pan Global Resources Inc. (PGZ) announced promising results from underground channel sampling at the Profunda target in their 100%-owned Cármenes Project in northern Spain. This area, which was once a past-producing mine, has shown signs of high-grade mineralization, with copper being the most significant find.
Detailed Underground Channel Sampling Results
The channel samples returned impressive results, with an average of 3.62% copper, 0.17% cobalt, 0.09% nickel, and 5.7 g/t silver. However, some of the most significant continuous channel samples stand out:
- 25.7% Cu, 0.37% Co, 0.53% Ni, 41.7 g/t Ag over 1m
- 5.2% Cu, 0.14% Co, 0.13% Ni, 5.9 g/t Ag over 5m
- 8.5% Cu, 0.10% Co, 0.11% Ni, 20.1 g/t Ag over 2m
- 2.2% Cu, 0.07% Co, 0.06% Ni, 2.4 g/t Ag over 3m
Extent of Profunda Target Area
Based on initial wide-spaced soil sample copper results and alteration mapping, the Profunda target area covers over 500m x 150m. This extensive area is currently being drilled, with progress reported at the Providencia target in the Cármenes Project and the Bravo target in the Escacena Project.
Impact on Individuals and the World
The discovery of high-grade copper, nickel, cobalt, and silver deposits is an exciting development for Pan Global Resources and the mining industry as a whole. For investors, this could mean potential financial gains as the value of these metals continues to rise. Additionally, the discovery could lead to job creation and economic growth in the local community and Spain as a whole.
On a global scale, the demand for copper, nickel, cobalt, and silver is increasing due to their use in various industries, including renewable energy, electric vehicles, and technology. This discovery could contribute to meeting the growing demand for these metals, potentially reducing the reliance on imports and increasing self-sufficiency.
Conclusion
The high-grade copper discoveries at the Profunda target in Pan Global Resources’ Cármenes Project in Spain are a significant development for the Company and the mining industry. With impressive channel sampling results and an extensive target area, the potential for further discoveries and economic growth is promising. For individuals, this could mean potential financial gains and job opportunities, while on a global scale, it could contribute to meeting the growing demand for essential metals and reducing reliance on imports.
As the drilling progresses and more data becomes available, we will continue to follow the developments at Pan Global Resources closely.
