Pan Global Resources Inc. has intersected 15 meters grading 3.90 g/t gold, 0.04% copper, 0.11% nickel, and 0.12% cobalt from surface in drillhole PVD15 at the Providencia target within the Cármenes Project in northern Spain.

The drillhole returned the strongest gold intersection of the current campaign, commencing directly in mineralization from surface and including 8 meters grading 6.79 g/t gold, 0.03% copper, 0.12% nickel, and 0.11% cobalt, alongside 0.50 g/t platinum and 0.28 g/t palladium. A higher-grade interval within that section yielded 1 meter grading 18.55 g/t gold, 1.39 g/t platinum, and 0.74 g/t palladium.

PVD15 confirms high gold grades extending beneath previously reported surface channel sampling that returned 20.18 g/t gold over 5 meters. Additional assay results from completed drillholes PVD11 through PVD14 demonstrated the continuity of mineralization near and beyond historical underground mine workings at the 1438m Level.

“The latest drilling continues to demonstrate significant exploration potential at Providencia, with gold and polymetallic mineralization extending well beyond the historical copper-cobalt-nickel mine workings,” said Tim Moody, President and CEO of Pan Global.

“PVD15 is particularly encouraging, with strong gold and polymetallic mineralization from surface and an association that supports our interpretation of a potentially more proximal, higher-temperature part of the system. The mineralization remains open both along strike and at depth, providing scope for further expansion,” Moody said.

The 100%-owned Cármenes Project covers five investigation permits across 5,653 hectares located approximately 55 kilometers north of León. The property encompasses the past-producing Providencia and Profunda mines, which last operated in the 1930s. Pan Global's maiden drill program at the Providencia target yielded a new gold discovery in 2025.

Expanded soil sampling using portable X-ray fluorescence analysis identified new copper anomalies, including a target area approximately 400 to 800 meters southwest of Providencia associated with dolomite alteration and breccia. Laboratory gold assays for those soil samples are currently pending.

The ongoing Phase 3 drill campaign has been expanded from eight to 12 drillholes to test the depth and lateral continuity of the mineralized breccia system. Three drillholes remain to be completed in the current program, with assays pending for completed holes PVD16 through PVD19.

Elsewhere in northern Spain, Orvana Minerals Corp. reported drilling results at its El Valle project within the surrounding district on July 2, 2026, sharing the gold and copper commodities of the Cármenes Project.

Read the full announcement: Pan Global Intersects 15 Meters of 3.9 g/t Gold From Surface, Cármenes Project, Spain