Northwire Canada EditionMonday, November 9, 2026
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Gold 4,129.60 +1.3% Silver 52.77 +1.6% Copper 6.34 +1.7% Oil 87.56 −3.6% Palladium 1,027.00 −9.0% UCU 2.24 +4.7% KAPA 0.105 +0.0% AFM 1.30 +6.6% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.10 +2.5% SGO 0.155 +3.3% BNKR 2.68 +2.3% TECT 1.60 +5.3% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3% KCC 0.840 +0.0% NEV 0.030 +20.0% FMAN 0.260 +2.0% Gold 4,129.60 +1.3% Silver 52.77 +1.6% Copper 6.34 +1.7% Oil 87.56 −3.6% Palladium 1,027.00 −9.0% UCU 2.24 +4.7% KAPA 0.105 +0.0% AFM 1.30 +6.6% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.10 +2.5% SGO 0.155 +3.3% BNKR 2.68 +2.3% TECT 1.60 +5.3% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3% KCC 0.840 +0.0% NEV 0.030 +20.0% FMAN 0.260 +2.0%
Drill Results

PAN GLOBAL REPORTS 29.8 G/T GOLD OVER 3.0 METERS AT PROVIDENCIA AND COMMENCES FOLLOW-UP DRILL PROGRAM, CARMENES PROJECT, SPAIN

High-grade gold discovery at Cármenes and strategic $5.6M injection de-risk 2026 10,000-meter drill campaign.

By The Northwire Desk — AI Analysis Mar 25, 2026 · 07:28 PGZ · 0.12 Pan Global Resources Inc.
Executive Summary

The most recent news (March 25, 2026) reports exceptionally high-grade gold results from surface channel sampling at the Providencia target within the Cármenes Project in Spain. Highlights include 29.8 g/t Au over 3.0 meters within a broader 6.0-meter interval grading 15.0 g/t Au. This follows the commencement of a 1,000-meter follow-up drill program. Concurrently, the company is executing a large-scale 2026 drill program at its flagship Escacena Project, targeting VMS copper-zinc systems (El Pozo) and resource expansion at La Romana.

Material Impact

The news is Material - Positive for several reasons: - Grade Superiority: The 29.8 g/t Au intercept is significantly higher than previous results (e.g., 1.08 g/t and 3.01 g/t Au reported in 2025), suggesting the presence of a high-grade core at Cármenes. - Strategic Funding: The January 2026 closing of a $5.6 million private placement with an unnamed "highly respected strategic investor" at $0.16/share provides the necessary "dry powder" to execute the 10,000-meter 2026 program without immediate dilution concerns. - Resource Foundation: The December 2025 Maiden Mineral Resource Estimate (MRE) at Escacena (32.4 Mt @ 0.37% Cu Indicated) provides a valuation floor, while the Cármenes gold discovery provides the "blue sky" exploration upside. - Validation: The appointment of Roger Davey (former Atalaya Mining Chairman) to the board and the entry of a strategic investor validate the technical merits of the Spanish assets.

PGZ · Price
Company Overview

Pan Global Resources is focused on copper-gold-tin deposits in Spain. - Flagship: The Escacena Project in the Iberian Pyrite Belt. It hosts the La Romana (Cu-Sn-Ag) and Cañada Honda (Au-Cu) deposits. - Secondary Project: Cármenes in Northern Spain, recently the site of a high-grade gold discovery (Providencia). - Goal: Management is targeting a 100-million-tonne copper-equivalent resource base.

Read the original news release →

More from Pan Global Resources Inc.

Oct 14, 2026 · 07:38

Pan Global intersected 9m at 7.29 g/t Au from surface, falling short of the 83m anchor interval at its project.

Drill Results Oct 05, 2026 · 06:05

Pan Global uses Spanish grant funds to advance Escacena exploration despite dilution risk from the October 31 warrant expiry.

Financings Sep 17, 2026 · 07:25

Pan Global’s Providencia project recorded its widest gold intercept to date, though core length and follow-up drilling determine the result’s validity.

Drill Results Sep 14, 2026 · 07:28

Pan Global’s bid for the Salamon Gold Project in Spain was accepted, pending an appeal, to expand its Spanish portfolio.

M&A / Property Sep 09, 2026 · 07:30

Pan Global confirms the Providencia deposit with near-surface 15m at 3.9 g/t gold.

Drill Results Jul 30, 2026 · 07:38

Pan Global’s Providencia gold zone widens at depth, reinforcing district-scale potential in Spain.

Drill Results