# Pan Global Expands Near-Surface High-Grade Gold Discovery at Cármenes Project, Spain: Drillholes Return 7.29g/t Au Over 9 Meters and 1.53g/t Au Over 38 Meters Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221 Original source: https://www.globenewswire.com/news-release/2026/10/14/3380626/0/en/pan-global-expands-near-surface-high-grade-gold-discovery-at-c%c3%a1rmenes-project-spain-drillholes-return-7-29g-t-au-over-9-meters-and-1-53g-t-au-over-38-meters.html Publisher: globenewswire Original announcement: 2026-10-14T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-14T12:41:43.342Z Atlas analysis updated: 2026-10-14T12:41:43.342Z - Company: Pan Global Resources Inc. - Ticker: PGZ - Exchange: Unavailable - Region: northern Spain - Primary commodity: Gold - Secondary commodities: Silver, Copper, Nickel, Cobalt, Platinum, Palladium - Document categories: Drill results, Other - Extracted: 2026-10-14 12:41:44 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Pan Global Resources reported high-grade gold drill results at the Providencia target of the Cármenes Project in Spain. Key intercepts include 7.29 g/t Au over 9.0 meters and 1.53 g/t Au over 38.0 meters, with significant polymetallic credits noted. Reasoning: Strong high-grade gold intercepts and broad mineralization at the Providencia target confirm an expanding discovery. - Positive factor: High-grade gold intercepts \(28.10 g/t Au\) - Positive factor: Broad near-surface mineralization \(38m @ 1.53 g/t Au\) - Positive factor: Polymetallic credits \(Pt, Pd, Cu, Ni, Co\) - Positive factor: Mineralization remains open in multiple directions Facts used in scoring: 13 ## Classification and evidence **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 28.10 g/t Au is exceptionally high grade. Evidence · table > 28.10 Context: 2.0 **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release details sampling, standards, and certified lab \(ALS\). Evidence · text > Certified Reference materials inserted every 25 samples ## Extracted facts Stored fact records: 13. Some facts used in scoring do not have a stored record. ## Drill Results (13) ### PVD17 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-0) Cármenes · gold #### Identity - Hole ID: PVD17 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 1.2 - Grade Unit: g/t - Intercept: 1 m - From: 0 m - To: 1 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD17:0-1 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Low grade near-surface intercept. Evidence · table > 1.20 Context: 1.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD17 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-1) Cármenes · gold #### Identity - Hole ID: PVD17 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 1.53 - Grade Unit: g/t - Intercept: 38 m - From: 17 m - To: 55 m - Intercept Depth: 17 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD17:17-55 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Significant broad near-surface gold interval. - Positive factor: Broad interval Evidence · table > 1.53 Context: 38.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD17 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-2) Cármenes · gold #### Identity - Hole ID: PVD17 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 2.25 - Grade Unit: g/t - Intercept: 25 m - From: 29 m - To: 54 m - Intercept Depth: 29 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD17:29-54 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: High grade sub-interval. Evidence · table > 2.25 Context: 25.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD17 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-3) Cármenes · gold #### Identity - Hole ID: PVD17 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 3.18 - Grade Unit: g/t - Intercept: 10 m - From: 38 m - To: 48 m - Intercept Depth: 38 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD17:38-48 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: High grade sub-interval. Evidence · table > 3.18 Context: 10.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD17 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-4) Cármenes · gold #### Identity - Hole ID: PVD17 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 3.7 - Grade Unit: g/t - Intercept: 2 m - From: 51 m - To: 53 m - Intercept Depth: 51 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD17:51-53 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: High grade sub-interval. Evidence · table > 3.70 Context: 2.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD18 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-5) Cármenes · gold #### Identity - Hole ID: PVD18 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 7.29 - Grade Unit: g/t - Intercept: 9 m - From: 1 m - To: 10 m - Intercept Depth: 1 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD18:1-10 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Strong high-grade gold intercept. - Positive factor: High grade intercept Evidence · table > 7.29 Context: 9.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD18 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-6) Cármenes · gold #### Identity - Hole ID: PVD18 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 15.9 - Grade Unit: g/t - Intercept: 4 m - From: 5 m - To: 9 m - Intercept Depth: 5 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD18:5-9 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: High grade sub-interval. Evidence · table > 15.90 Context: 4.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD18 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-7) Cármenes · gold #### Identity - Hole ID: PVD18 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 28.1 - Grade Unit: g/t - Intercept: 2 m - From: 7 m - To: 9 m - Intercept Depth: 7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD18:7-9 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Exceptional high-grade gold intercept. - Positive factor: Bonanza intercept Evidence · table > 28.10 Context: 2.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD18 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-8) Cármenes · platinum #### Identity - Hole ID: PVD18 - Project: Cármenes - Commodity: platinum - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 0.72 - Grade Unit: g/t - Intercept: 2 m - From: 7 m - To: 9 m - Intercept Depth: 7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD18:7-9 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Trace platinum credit. Evidence · table > 0.72 Context: 2.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD18 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-9) Cármenes · palladium #### Identity - Hole ID: PVD18 - Project: Cármenes - Commodity: palladium - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 0.24 - Grade Unit: g/t - Intercept: 2 m - From: 7 m - To: 9 m - Intercept Depth: 7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD18:7-9 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Trace palladium credit. Evidence · table > 0.24 Context: 2.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD19 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-10) Cármenes · gold #### Identity - Hole ID: PVD19 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 2.57 - Grade Unit: g/t - Intercept: 2 m - From: 0 m - To: 2 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD19:0-2 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Near-surface gold intercept. Evidence · table > 2.57 Context: 2.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD19 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-11) Cármenes · gold #### Identity - Hole ID: PVD19 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 2.46 - Grade Unit: g/t - Intercept: 6 m - From: 14 m - To: 20 m - Intercept Depth: 14 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD19:14-20 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Near-surface gold intercept. Evidence · table > 2.46 Context: 6.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PVD19 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes-project-s--5d0ea8e5-6d6f-40ee-9587-a0b0450f2221#fact-drill-facts-12) Cármenes · gold #### Identity - Hole ID: PVD19 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: spain - Ticker: PGZ #### Geometry - Grade: 1.6 - Grade Unit: g/t - Intercept: 2 m - From: 27 m - To: 29 m - Intercept Depth: 27 m #### Classification - Program: exploration - Sample Type: drill - Group ID: PVD19:27-29 - Mining Method: unknown #### Location - Location: Providencia - Loc. Source: document #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, duplicates #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: Near-surface gold intercept. Evidence · table > 1.60 Context: 2.0 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.