# PAN GLOBAL INTERCEPTS NEAR-SURFACE HIGH-GRADE GOLD AT THE C&\#xC1;RMENES PROJECT, SPAIN Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71 Original source: https://money.tmx.com/en/quote/PGZ/news/5369238337201578/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s Publisher: tmx Original announcement: 2026-02-03T12:26:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Pan Global Resources Inc. - Ticker: PGZ - Exchange: TSX - Region: northern Spain - Primary commodity: Gold - Secondary commodities: Silver, Copper, Nickel, Cobalt - Document categories: Drill results - Extracted: 2026-08-24 07:14:16 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Pan Global reported high-grade gold intercepts at the Providencia target of the Cármenes Project, including 5.8 g/t Au over 4m. The results confirm mineralization extends beyond historical workings and show potential for favourable metallurgy due to the presence of free native gold. Reasoning: Strong near-surface gold intercepts and evidence of free gold suggest good metallurgical potential and expansion of the known mineralized system. - Positive factor: high-grade gold intercepts - Positive factor: extension beyond historical mining - Positive factor: favourable metallurgy indicator \(free native gold\) - Positive factor: polymetallic nature - Negative factor: insufficient drilling for true width - Negative factor: no core recovery in one interval Facts used in scoring: 38 ## Classification and evidence **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 mentions use of certified reference materials, duplicate samples, and ALS laboratory. Evidence · text > Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: All reported drill intervals are down-hole lengths and insufficient drilling has been completed to determine true widths. Evidence · text > All reported drill intervals are down-hole lengths; insufficient drilling has been completed to determine true widths. ## Extracted facts Stored fact records: 38. Some facts used in scoring do not have a stored record. ## Drill Results (38) ### PVD07 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-0) Cármenes · gold #### Identity - Hole ID: PVD07 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 1.37 - Grade Unit: g/t - Intercept: 1 m - From: 115 m - To: 116 m #### Classification - Sample Type: drill - Group ID: PVD07:115.0-116.0 #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Moderate grade intercept at shallow depth. Evidence · table > 1.37 Context: 1.0 ### PVD07 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-1) Cármenes · silver #### Identity - Hole ID: PVD07 - Project: Cármenes - Commodity: silver - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 100 - Grade Unit: g/t - Intercept: 0.8 m - From: 119.2 m - To: 120 m #### Classification - Sample Type: drill - Group ID: PVD07:119.2-120.0 #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Silver grade reported as >100 g/t. Evidence · table > >100 Context: 0.8 ### PVD09 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-2) Cármenes · gold #### Identity - Hole ID: PVD09 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 0.12 - Grade Unit: g/t - Intercept: 9.4 m - From: 97 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: PVD09:97.0-106.4 #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Low grade intercept. Evidence · table > 0.12 Context: 9.4 ### PVD09 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-3) Cármenes · copper #### Identity - Hole ID: PVD09 - Project: Cármenes - Commodity: copper - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 2503 - Grade Unit: ppm - Intercept: 9.4 m - From: 97 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: PVD09:97.0-106.4 #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Elevated copper in ppm. Evidence · table > 2503 Context: 9.4 ### PVD10 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-4) Cármenes · gold #### Identity - Hole ID: PVD10 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 3.5 - Grade Unit: g/t - Intercept: 8 m - From: 77 m - To: 85 m #### Classification - Sample Type: drill - Group ID: PVD10:77.0-85.0 #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Strong gold intercept. Evidence · table > 3.50 Context: 8.0 ### PVD10 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-5) Cármenes · gold #### Identity - Hole ID: PVD10 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 5.79 - Grade Unit: g/t - Intercept: 4 m - From: 78 m - To: 82 m #### Classification - Sample Type: drill - Group ID: PVD10:78.0-82.0 #### QA/QC - Laboratory: ALS - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: High grade sub-interval. Evidence · table > 5.79 Context: 4.0 ### PVD07 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-6) Cármenes · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PVD07 - Project: Cármenes - Commodity: silver - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 0.5 - Grade Unit: g/t - Intercept: 1 m - From: 115 m - To: 116 m #### Classification - Sample Type: drill - Group ID: PVD07:115-116 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 0.5 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 0.5 g/t·m is below. - Negative factor: 0.5 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > <0.5 Context: PVD07 ### PVD07 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-7) Cármenes · copper #### Identity - Hole ID: PVD07 - Project: Cármenes - Commodity: copper - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 166 - Grade Unit: ppm - Intercept: 1 m - From: 115 m - To: 116 m #### Classification - Sample Type: drill - Group ID: PVD07:115-116 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 166 ppm copper, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the copper rubric unit %; not scored. Evidence · table > 166 Context: PVD07 ### PVD07 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-8) Cármenes · nickel #### Identity - Hole ID: PVD07 - Project: Cármenes - Commodity: nickel - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 324 - Grade Unit: ppm - Intercept: 1 m - From: 115 m - To: 116 m #### Classification - Sample Type: drill - Group ID: PVD07:115-116 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 324 ppm nickel, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the nickel rubric unit %; not scored. Evidence · table > 324 Context: PVD07 ### PVD07 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-9) Cármenes · cobalt #### Identity - Hole ID: PVD07 - Project: Cármenes - Commodity: cobalt - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 426 - Grade Unit: ppm - Intercept: 1 m - From: 115 m - To: 116 m #### Classification - Sample Type: drill - Group ID: PVD07:115-116 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 426 ppm cobalt, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the cobalt rubric unit %; not scored. Evidence · table > 426 Context: PVD07 ### PVD09 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-10) Cármenes · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PVD09 - Project: Cármenes - Commodity: silver - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 0.9 - Grade Unit: g/t - Intercept: 9.4 m - From: 97 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: PVD09:97-106.4 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 0.9 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 8.5 g/t·m is below. - Negative factor: 0.9 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.9 Context: PVD09 ### PVD09 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-11) Cármenes · nickel #### Identity - Hole ID: PVD09 - Project: Cármenes - Commodity: nickel - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 345 - Grade Unit: ppm - Intercept: 9.4 m - From: 97 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: PVD09:97-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 345 ppm nickel, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the nickel rubric unit %; not scored. Evidence · table > 345 Context: PVD09 ### PVD09 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-12) Cármenes · cobalt #### Identity - Hole ID: PVD09 - Project: Cármenes - Commodity: cobalt - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 300 - Grade Unit: ppm - Intercept: 9.4 m - From: 97 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: PVD09:97-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 300 ppm cobalt, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the cobalt rubric unit %; not scored. Evidence · table > 300 Context: PVD09 ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-13) Cármenes · gold #### Identity - Hole ID: Including - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 0.2 - Grade Unit: g/t - Intercept: 3 m - From: 97 m - To: 100 m #### Classification - Sample Type: drill - Group ID: Including:97-100 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 0.2 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.6 g/t·m is below. - Negative factor: 0.2 g/t gold is below the weak threshold \(0.3 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.20 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-14) Cármenes · silver #### Identity - Hole ID: Including - Project: Cármenes - Commodity: silver - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 0.8 - Grade Unit: g/t - Intercept: 3 m - From: 97 m - To: 100 m #### Classification - Sample Type: drill - Group ID: Including:97-100 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 0.8 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 2.4 g/t·m is below. - Negative factor: 0.8 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.8 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-15) Cármenes · copper #### Identity - Hole ID: Including - Project: Cármenes - Commodity: copper - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 3710 - Grade Unit: ppm - Intercept: 3 m - From: 97 m - To: 100 m #### Classification - Sample Type: drill - Group ID: Including:97-100 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 3710 ppm copper, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the copper rubric unit %; not scored. Evidence · table > 3710 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-16) Cármenes · nickel #### Identity - Hole ID: Including - Project: Cármenes - Commodity: nickel - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 769 - Grade Unit: ppm - Intercept: 3 m - From: 97 m - To: 100 m #### Classification - Sample Type: drill - Group ID: Including:97-100 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 769 ppm nickel, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the nickel rubric unit %; not scored. Evidence · table > 769 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-17) Cármenes · cobalt #### Identity - Hole ID: Including - Project: Cármenes - Commodity: cobalt - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 733 - Grade Unit: ppm - Intercept: 3 m - From: 97 m - To: 100 m #### Classification - Sample Type: drill - Group ID: Including:97-100 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 733 ppm cobalt, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the cobalt rubric unit %; not scored. Evidence · table > 733 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-18) Cármenes · gold #### Identity - Hole ID: Including - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 0.25 - Grade Unit: g/t - Intercept: 2.4 m - From: 104 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: Including:104-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 0.25 g/t gold is below against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.6 g/t·m is below. - Negative factor: 0.25 g/t gold is below the weak threshold \(0.3 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.25 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-19) Cármenes · silver #### Identity - Hole ID: Including - Project: Cármenes - Commodity: silver - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 2.7 - Grade Unit: g/t - Intercept: 2.4 m - From: 104 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: Including:104-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 2.7 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 6.5 g/t·m is below. - Negative factor: 2.7 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 2.7 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-20) Cármenes · copper #### Identity - Hole ID: Including - Project: Cármenes - Commodity: copper - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 6628 - Grade Unit: ppm - Intercept: 2.4 m - From: 104 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: Including:104-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 6628 ppm copper, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the copper rubric unit %; not scored. Evidence · table > 6628 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-21) Cármenes · nickel #### Identity - Hole ID: Including - Project: Cármenes - Commodity: nickel - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 380 - Grade Unit: ppm - Intercept: 2.4 m - From: 104 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: Including:104-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 380 ppm nickel, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the nickel rubric unit %; not scored. Evidence · table > 380 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-22) Cármenes · cobalt #### Identity - Hole ID: Including - Project: Cármenes - Commodity: cobalt - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 251 - Grade Unit: ppm - Intercept: 2.4 m - From: 104 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: Including:104-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 251 ppm cobalt, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the cobalt rubric unit %; not scored. Evidence · table > 251 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-23) Cármenes · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: Including - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 0.38 - Grade Unit: g/t - Intercept: 1.4 m - From: 105 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: Including:105-106.4 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 0.38 g/t gold is weak against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 0.5 g/t·m is below \(grade alone is weak; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 0.38 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-24) Cármenes · silver #### Identity - Hole ID: Including - Project: Cármenes - Commodity: silver - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 4.5 - Grade Unit: g/t - Intercept: 1.4 m - From: 105 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: Including:105-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 4.5 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 6.3 g/t·m is below. - Negative factor: 4.5 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 4.5 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-25) Cármenes · copper #### Identity - Hole ID: Including - Project: Cármenes - Commodity: copper - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 9390 - Grade Unit: ppm - Intercept: 1.4 m - From: 105 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: Including:105-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 9390 ppm copper, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the copper rubric unit %; not scored. Evidence · table > 9390 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-26) Cármenes · nickel #### Identity - Hole ID: Including - Project: Cármenes - Commodity: nickel - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 557 - Grade Unit: ppm - Intercept: 1.4 m - From: 105 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: Including:105-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 557 ppm nickel, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the nickel rubric unit %; not scored. Evidence · table > 557 Context: Including ### Including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-27) Cármenes · cobalt #### Identity - Hole ID: Including - Project: Cármenes - Commodity: cobalt - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 373 - Grade Unit: ppm - Intercept: 1.4 m - From: 105 m - To: 106.4 m #### Classification - Sample Type: drill - Group ID: Including:105-106.4 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 373 ppm cobalt, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the cobalt rubric unit %; not scored. Evidence · table > 373 Context: Including ### PVD10 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-28) Cármenes · gold #### Identity - Hole ID: PVD10 - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 1.18 - Grade Unit: g/t - Intercept: 10 m - From: 16 m - To: 26 m #### Classification - Sample Type: drill - Group ID: PVD10:16-26 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 1.18 g/t gold is moderate against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 11.8 g/t·m is weak \(grade alone is moderate; the better of the two is used\). - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 1.18 Context: PVD10 ### PVD10 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-29) Cármenes · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: PVD10 - Project: Cármenes - Commodity: silver - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 0.5 - Grade Unit: g/t - Intercept: 10 m - From: 16 m - To: 26 m #### Classification - Sample Type: drill - Group ID: PVD10:16-26 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 0.5 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 5.0 g/t·m is below. - Negative factor: 0.5 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > <0.5 Context: PVD10 ### PVD10 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-30) Cármenes · copper #### Identity - Hole ID: PVD10 - Project: Cármenes - Commodity: copper - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 136 - Grade Unit: ppm - Intercept: 10 m - From: 16 m - To: 26 m #### Classification - Sample Type: drill - Group ID: PVD10:16-26 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 136 ppm copper, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the copper rubric unit %; not scored. Evidence · table > 136 Context: PVD10 ### PVD10 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-31) Cármenes · nickel Historical result Needs review: historical\_restatement #### Identity - Hole ID: PVD10 - Project: Cármenes - Commodity: nickel - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 94 - Grade Unit: ppm - Intercept: 10 m - From: 16 m - To: 26 m #### Classification - Sample Type: drill - Group ID: PVD10:16-26 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 94 ppm nickel, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the nickel rubric unit %; not scored. Evidence · table > 94 Context: PVD10 ### PVD10 [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-32) Cármenes · cobalt #### Identity - Hole ID: PVD10 - Project: Cármenes - Commodity: cobalt - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 24 - Grade Unit: ppm - Intercept: 10 m - From: 16 m - To: 26 m #### Classification - Sample Type: drill - Group ID: PVD10:16-26 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 24 ppm cobalt, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the cobalt rubric unit %; not scored. Evidence · table > 24 Context: PVD10 ### including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-33) Cármenes · gold #### Identity - Hole ID: including - Project: Cármenes - Commodity: gold - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 5.79 - Grade Unit: g/t - Intercept: 4 m - From: 78 m - To: 82 m #### Classification - Sample Type: drill - Group ID: including:78-82 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 5.79 g/t gold is exceptional against the default band \[5, 2, 1, 0.3\] g/t. Grade×width 23.2 g/t·m is weak \(grade alone is exceptional; the better of the two is used\). - Positive factor: 5.79 g/t gold is exceptional on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > 5.79 Context: including ### including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-34) Cármenes · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: including - Project: Cármenes - Commodity: silver - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 0.5 - Grade Unit: g/t - Intercept: 4 m - From: 78 m - To: 82 m #### Classification - Sample Type: drill - Group ID: including:78-82 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table. 0.5 g/t silver is below against the default band \[500, 200, 100, 30\] g/t. Grade×width 2.0 g/t·m is below. - Negative factor: 0.5 g/t silver is below the weak threshold \(30 g/t\) on the default band. - Negative factor: Scored from rubric bands during table expansion, not from document context. Evidence · table > <0.5 Context: including ### including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-35) Cármenes · copper #### Identity - Hole ID: including - Project: Cármenes - Commodity: copper - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 23 - Grade Unit: ppm - Intercept: 4 m - From: 78 m - To: 82 m #### Classification - Sample Type: drill - Group ID: including:78-82 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 23 ppm copper, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the copper rubric unit %; not scored. Evidence · table > 23 Context: including ### including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-36) Cármenes · nickel #### Identity - Hole ID: including - Project: Cármenes - Commodity: nickel - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 24 - Grade Unit: ppm - Intercept: 4 m - From: 78 m - To: 82 m #### Classification - Sample Type: drill - Group ID: including:78-82 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 24 ppm nickel, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the nickel rubric unit %; not scored. Evidence · table > 24 Context: including ### including [Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-intercepts-near-surface-high-grade-gold-at-the-c-xc1-rmenes-project-s--7335d25e-5c7d-4644-ad3f-481cc706cf71#fact-drill-facts-37) Cármenes · cobalt #### Identity - Hole ID: including - Project: Cármenes - Commodity: cobalt - Region: spain - Reported Region: northern Spain - Ticker: PGZ #### Geometry - Grade: 10 - Grade Unit: ppm - Intercept: 4 m - From: 78 m - To: 82 m #### Classification - Sample Type: drill - Group ID: including:78-82 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-02-03T00:00:00.000Z Reasoning: Expanded from assay table: 10 ppm cobalt, reported in a unit the rubric does not cover \(%\). - Negative factor: Grade unit ppm does not match the cobalt rubric unit %; not scored. Evidence · table > 10 Context: including ## 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.