Pan Global Resources Inc. Strikes Gold at Cármenes Project

In a significant development for the mining sector, Pan Global Resources Inc., a Vancouver-based mineral exploration company, has announced a promising discovery at its 100%-owned Cármenes Project in northern Spain. On May 19, 2025, the company revealed that its first drillhole intersected 1.08 grams per tonne (g/t) of gold over a substantial 46-meter stretch from near the surface. This discovery marks a pivotal moment for Pan Global, underscoring the potential for a significant new gold deposit in the region.

A Promising Start to the Drill Campaign

The maiden drill campaign at the Cármenes Project has already yielded impressive results, with the initial drillhole showcasing the potential for substantial gold mineralization. The current six-hole drill program is strategically targeting the expansion of breccia-hosted mineralization, which is associated with historical mining activity in the area. This approach not only aims to confirm the initial findings but also to explore the possibility of additional discoveries within the large Cármenes Project area.

Market Reaction and Future Prospects

As of May 15, 2025, Pan Global Resources Inc. was trading at a close price of 0.125 CAD on the TSX Venture Exchange, with a market capitalization of 42,480,000 CAD. Despite a negative price-to-earnings ratio of -5.09, the recent discovery has the potential to significantly impact the company’s valuation and investor interest. The gold assay results have sparked optimism among stakeholders, highlighting the project’s potential to contribute to the company’s growth and expansion in the metals and mining sector.

Strategic Importance of the Cármenes Project

Located in northern Spain, the Cármenes Project represents a strategic asset for Pan Global Resources Inc. The project’s proximity to historical mining sites suggests the presence of untapped mineral resources, offering a promising avenue for exploration and development. The company’s focus on copper, tin, and other metals, coupled with this new gold discovery, positions Pan Global as a key player in the global mining industry.

Looking Ahead

Pan Global Resources Inc. is poised to continue its exploration efforts at the Cármenes Project, with the potential for additional discoveries enhancing the project’s value. The company’s commitment to uncovering new mineral deposits in both Spain and Canada underscores its strategic vision and operational capabilities. As Pan Global advances its exploration activities, the mining community and investors alike will be keenly watching for further developments that could redefine the company’s trajectory in the metals and mining sector.

For more information about Pan Global Resources Inc. and its projects, interested parties can visit the company’s website at www.panglobalresources.com . With its promising start at the Cármenes Project, Pan Global Resources Inc. is set to make significant strides in the exploration and development of mineral resources on a global scale.