# Pan Global Resources 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-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189

Original source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2116-tsx-venture/pgz/212869-pan-global-expands-near-surface-high-grade-gold-discovery-at-carmenes-project-spain-drillholes-return-7-29g-t-au-over-9-meters-and-1-53g-t-au-over-38-meters.html

Publisher: jmn

Original announcement: 2026-10-14T21:42:15.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-14T12:24:25.388Z

Atlas analysis updated: 2026-10-14T12:24:25.388Z

- Company: Pan Global Resources Inc.

- Ticker: PGZ

- Exchange: TSXV

- Region: Spain

- Primary commodity: Gold

- Secondary commodities: Platinum, Palladium, Copper, Nickel, Cobalt, Silver

- Document categories: Drill results

- Extracted: 2026-10-14 12:24:26 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Pan Global Resources announced additional Phase 3 drill results from its Cármenes Project in Spain, confirming and expanding a near-surface high-grade gold discovery at the Providencia target. Highlights include 7.29 g/t gold over 9.0 meters \(including 28.10 g/t gold over 2.0 meters\) and 1.53 g/t gold over 38.0 meters, both from near-surface. The results also show significant polymetallic credits and indicate strengthening gold mineralization at depth, with the system remaining open in multiple directions.

Reasoning: Pan Global Resources announced significant high-grade and broad near-surface gold intercepts, including bonanza grades, at its Cármenes Project. The results also show substantial polymetallic credits and indicate the discovery remains open for expansion, validating the geological model. While true widths are not yet determined, the overall results are highly positive for the project's potential.

- Positive factor: High-grade gold intercepts

- Positive factor: Broad near-surface mineralization

- Positive factor: Polymetallic credits

- Positive factor: Mineralization open in multiple directions and at depth

- Positive factor: Strong validation of geological model

- Positive factor: Good QA/QC disclosure

- Positive factor: Transparent compositing parameters

- Negative factor: Apparent width only reported

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 31

## Classification and evidence

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The drillhole PVD18 returned 28.10 g/t Au over 2.0 meters, which is an exceptionally high-grade zone.

Evidence · text

> 28.10g/t Au over 2.0 meters

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The mineralization remains open in multiple directions and at depth, indicating potential for expansion.

Evidence · text

> Gold mineralization remains open in multiple directions and at depth

**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: The release mentions a Qualified Person, ALS laboratories, and QA/QC methods including duplicate samples and certified reference materials.

Evidence · text

> Álvaro Merino, Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information for this media release. ... Samples were placed in sealed bags and delivered to the ALS sample preparation facility in Seville in Spain and assayed at the ALS facility in Ireland. ... Duplicate samples of ¼ core were taken approximately every 30 samples, and Certified Reference materials inserted every 25 samples in each batch.

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: The cut-off grade and internal dilution rules for compositing are clearly stated.

Evidence · text

> highlighted gold intervals have been calculated using a 0.5 g/t Au lower cut-off and allow up to three meters of consecutive internal dilution

## Extracted facts

Stored fact records: 31. Some facts used in scoring do not have a stored record.

## Drill Results (31)

### PVD17

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#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
- Hole Depth: 127.2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD17:0-1
- Mining Method: open\_pit

#### Location

- Easting: 287511
- Northing: 4761181
- Azimuth: 9 °
- Dip: -52 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows good gold grade from surface, contributing to the near-surface discovery.

- Positive factor: High-grade gold

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD17

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-1)

Cármenes · silver

#### Identity

- Hole ID: PVD17
- Project: Cármenes
- Commodity: silver
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 4.5
- Grade Unit: g/t
- Intercept: 1 m
- From: 0 m
- To: 1 m
- Hole Depth: 127.2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD17:0-1
- Mining Method: open\_pit

#### Location

- Easting: 287511
- Northing: 4761181
- Azimuth: 9 °
- Dip: -52 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows moderate silver grade from surface.

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 4.5

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD17

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-2)

Cármenes · copper

#### Identity

- Hole ID: PVD17
- Project: Cármenes
- Commodity: copper
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 1.02
- Grade Unit: %
- Intercept: 1 m
- From: 0 m
- To: 1 m
- Hole Depth: 127.2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD17:0-1
- Mining Method: open\_pit

#### Location

- Easting: 287511
- Northing: 4761181
- Azimuth: 9 °
- Dip: -52 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows exceptional copper grade from surface, significantly above the project average.

- Positive factor: Exceptional grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 1.02

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD17

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-3)

Cármenes · nickel

#### Identity

- Hole ID: PVD17
- Project: Cármenes
- Commodity: nickel
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.75
- Grade Unit: %
- Intercept: 1 m
- From: 0 m
- To: 1 m
- Hole Depth: 127.2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD17:0-1
- Mining Method: open\_pit

#### Location

- Easting: 287511
- Northing: 4761181
- Azimuth: 9 °
- Dip: -52 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows exceptional nickel grade from surface, significantly above the project average.

- Positive factor: Exceptional grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 0.75

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD17

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-4)

Cármenes · cobalt

#### Identity

- Hole ID: PVD17
- Project: Cármenes
- Commodity: cobalt
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.36
- Grade Unit: %
- Intercept: 1 m
- From: 0 m
- To: 1 m
- Hole Depth: 127.2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD17:0-1
- Mining Method: open\_pit

#### Location

- Easting: 287511
- Northing: 4761181
- Azimuth: 9 °
- Dip: -52 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows exceptional cobalt grade from surface, significantly above the project average.

- Positive factor: Exceptional grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 0.36

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD17

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-5)

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
- Hole Depth: 127.2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD17:17-55
- Mining Method: open\_pit

#### Location

- Easting: 287511
- Northing: 4761181
- Azimuth: 9 °
- Dip: -52 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This broad near-surface intercept of moderate gold grade expands the known mineralization.

- Positive factor: Broad intercept

- Positive factor: Near-surface mineralization

- Positive factor: Moderate grade

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD17

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-6)

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
- Hole Depth: 127.2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD17:29-54
- Mining Method: open\_pit

#### Location

- Easting: 287511
- Northing: 4761181
- Azimuth: 9 °
- Dip: -52 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This sub-interval shows a higher gold grade over a significant width within the broader zone.

- Positive factor: Broad intercept

- Positive factor: Moderate grade

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD17

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-7)

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
- Hole Depth: 127.2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD17:38-48
- Mining Method: open\_pit

#### Location

- Easting: 287511
- Northing: 4761181
- Azimuth: 9 °
- Dip: -52 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold grade over a good width, exceeding the 75th percentile for similar deposit types.

- Positive factor: Strong grade

- Positive factor: Significant width

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD17

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-8)

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
- Hole Depth: 127.2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD17:51-53
- Mining Method: open\_pit

#### Location

- Easting: 287511
- Northing: 4761181
- Azimuth: 9 °
- Dip: -52 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This sub-interval shows strong gold grade, exceeding the 75th percentile for similar deposit types.

- Positive factor: Strong grade

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-9)

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
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-10
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This high-grade near-surface gold intercept is exceptional, well above the 75th percentile for similar deposit types, and contributes significantly to the discovery.

- Positive factor: Exceptional grade

- Positive factor: Near-surface mineralization

- Positive factor: Significant width

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-10)

Cármenes · silver

#### Identity

- Hole ID: PVD18
- Project: Cármenes
- Commodity: silver
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 1.1
- Grade Unit: g/t
- Intercept: 9 m
- From: 1 m
- To: 10 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-10
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows weak silver grade.

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 1.1

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-11)

Cármenes · copper

#### Identity

- Hole ID: PVD18
- Project: Cármenes
- Commodity: copper
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.2
- Grade Unit: %
- Intercept: 9 m
- From: 1 m
- To: 10 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-10
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows strong copper grade, above the project average.

- Positive factor: Strong grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 0.20

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-12)

Cármenes · nickel

#### Identity

- Hole ID: PVD18
- Project: Cármenes
- Commodity: nickel
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.17
- Grade Unit: %
- Intercept: 9 m
- From: 1 m
- To: 10 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-10
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows moderate nickel grade, above the project average.

- Positive factor: Moderate grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 0.17

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-13)

Cármenes · cobalt

#### Identity

- Hole ID: PVD18
- Project: Cármenes
- Commodity: cobalt
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.06
- Grade Unit: %
- Intercept: 9 m
- From: 1 m
- To: 10 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-10
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows strong cobalt grade, above the project average.

- Positive factor: Strong grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 0.06

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-14)

Cármenes · gold

#### Identity

- Hole ID: PVD18
- Project: Cármenes
- Commodity: gold
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.49
- Grade Unit: g/t
- Intercept: 3 m
- From: 1 m
- To: 4 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-4
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This sub-interval shows weak gold grade.

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 0.49

Context: 3.0

#### 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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-15)

Cármenes · silver

#### Identity

- Hole ID: PVD18
- Project: Cármenes
- Commodity: silver
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 2.8
- Grade Unit: g/t
- Intercept: 3 m
- From: 1 m
- To: 4 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-4
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This sub-interval shows weak silver grade.

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 2.8

Context: 3.0

#### 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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-16)

Cármenes · copper

#### Identity

- Hole ID: PVD18
- Project: Cármenes
- Commodity: copper
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.59
- Grade Unit: %
- Intercept: 3 m
- From: 1 m
- To: 4 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-4
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This sub-interval shows exceptional copper grade, significantly above the project average.

- Positive factor: Exceptional grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 0.59

Context: 3.0

#### 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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-17)

Cármenes · nickel

#### Identity

- Hole ID: PVD18
- Project: Cármenes
- Commodity: nickel
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.51
- Grade Unit: %
- Intercept: 3 m
- From: 1 m
- To: 4 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-4
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This sub-interval shows strong nickel grade, significantly above the project average.

- Positive factor: Strong grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 0.51

Context: 3.0

#### 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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-18)

Cármenes · cobalt

#### Identity

- Hole ID: PVD18
- Project: Cármenes
- Commodity: cobalt
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.16
- Grade Unit: %
- Intercept: 3 m
- From: 1 m
- To: 4 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-4
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This sub-interval shows exceptional cobalt grade, significantly above the project average.

- Positive factor: Exceptional grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · table

> 0.16

Context: 3.0

#### 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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-19)

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
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:5-9
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This sub-interval shows exceptional gold grade over a good width, well above the 75th percentile for similar deposit types.

- Positive factor: Exceptional grade

- Positive factor: Significant width

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-20)

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
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:7-9
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This sub-interval shows bonanza gold grade, significantly exceeding the exceptional threshold for similar deposit types.

- Positive factor: Bonanza Intercept

- Positive factor: Exceptional grade

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The 28.10 g/t Au over 2.0 meters is an exceptionally high-grade gold intercept.

Evidence · table

> 28.10

Context: 2.0

### PVD19

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-21)

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
- Hole Depth: 145.7 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD19:0-2
- Mining Method: open\_pit

#### Location

- Easting: 287587
- Northing: 4761203
- Azimuth: 270 °
- Dip: -35 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This near-surface intercept shows strong gold grade.

- Positive factor: Strong grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD19

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-22)

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
- Hole Depth: 145.7 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD19:14-20
- Mining Method: open\_pit

#### Location

- Easting: 287587
- Northing: 4761203
- Azimuth: 270 °
- Dip: -35 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows strong gold grade over a good width.

- Positive factor: Strong grade

- Positive factor: Significant width

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD19

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-23)

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
- Hole Depth: 145.7 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD19:27-29
- Mining Method: open\_pit

#### Location

- Easting: 287587
- Northing: 4761203
- Azimuth: 270 °
- Dip: -35 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows moderate gold grade.

- Positive factor: Moderate grade

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD19

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-24)

Cármenes · nickel

#### Identity

- Hole ID: PVD19
- Project: Cármenes
- Commodity: nickel
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.01
- Grade Unit: %
- Intercept: 2 m
- From: 27 m
- To: 29 m
- Hole Depth: 145.7 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD19:27-29
- Mining Method: open\_pit

#### Location

- Easting: 287587
- Northing: 4761203
- Azimuth: 270 °
- Dip: -35 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows very low nickel grade.

- Negative factor: Apparent Width Only

Evidence · table

> 0.01

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-25)

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
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:7-9
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows significant platinum grade.

- Positive factor: Significant grade

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-26)

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
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:7-9
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows significant palladium grade.

- Positive factor: Significant grade

- Negative factor: Apparent Width Only

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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD19

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-27)

Cármenes · gold

#### Identity

- Hole ID: PVD19
- Project: Cármenes
- Commodity: gold
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 0.81
- Grade Unit: g/t
- Intercept: 30 m
- From: 0 m
- To: 30 m
- Hole Depth: 145.7 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD19:0-30
- Mining Method: open\_pit

#### Location

- Easting: 287587
- Northing: 4761203
- Azimuth: 270 °
- Dip: -35 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This broad uncut interval demonstrates continuous near-surface gold mineralization, but the lack of a stated cut-off grade reduces transparency.

- Positive factor: Broad intercept

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

- Negative factor: Cut-off Undisclosed

Evidence · text

> 0.81g/t Au over 30 meters from surface in PVD19

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

**Cut-off Undisclosed** — Rejected; excluded from scoring

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Reason: The uncut interval is reported without stating the cut-off grade used for compositing.

Evidence · text

> A separate uncut interval of 0.81g/t Au over 30 meters from surface in PVD19 demonstrates a broad, continuous envelope of near-surface gold mineralization that extends well beyond the cut-off based higher-grade zones

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-28)

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: 9 m
- From: 1 m
- To: 10 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-10
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows significant platinum grade from near-surface.

- Positive factor: Significant grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · text

> 0.72g/t Pt

Context: The 9.0-meter interval also returned significant polymetallic credits of 0.72g/t Pt, 0.24g/t Pd, 0.20% Cu, 0.17% Ni and 0.06% Co

#### 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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD18

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-29)

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: 9 m
- From: 1 m
- To: 10 m
- Hole Depth: 223.3 m
- Intercept Depth: 1 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PVD18:1-10
- Mining Method: open\_pit

#### Location

- Easting: 287510
- Northing: 4761181
- Azimuth: 345 °
- Dip: -75 °
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: ALS
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, duplicates

#### Compositing

- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au
- Dilution Disclosed: Yes
- Max Dilution: 3 m

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This intercept shows significant palladium grade from near-surface.

- Positive factor: Significant grade

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · text

> 0.24g/t Pd

Context: The 9.0-meter interval also returned significant polymetallic credits of 0.72g/t Pt, 0.24g/t Pd, 0.20% Cu, 0.17% Ni and 0.06% Co

#### 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

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff\_grade and internal dilution are both stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported drill intervals are downhole lengths, and true thickness has not yet been determined.

Evidence · text

> All reported drill intervals are downhole lengths. Additional drilling is required to determine the geometry and true thickness of the mineralized zones.

### PVD22

[Link to this fact](https://atlas-staging.minestarters.com/news/pan-global-resources-expands-near-surface-high-grade-gold-discovery-at-ca-rmenes--0a5c54f2-341e-4d8b-8744-e77b75443189#fact-drill-facts-30)

Cármenes · gold

#### Identity

- Hole ID: PVD22
- Project: Cármenes
- Commodity: gold
- Region: spain
- Reported Region: spain
- Ticker: PGZ

#### Geometry

- Grade: 3.15
- Grade Unit: g/t
- Intercept: 58 m
- From: 169.62 m
- To: 227.62 m

#### Classification

- Deposit Type: other
- Sample Type: drill

#### 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: This intercept shows good gold grade from surface, contributing to the near-surface discovery.

- Positive factor: High-grade gold

- Positive factor: Near-surface mineralization

- Negative factor: Apparent Width Only

Evidence · text

> 58 Metres at 3.15 g/t Au, Including 1 Metre at 158 g/t Au in Trenching at Lewis North Scorpio Gold Drills 2.94 g/t Gold over 36.42 Metres from 169.62 Metres

#### 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

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Zodiac Gold Identifies New Critical Mineral and Gold Anomalies Across Liberian Northwest Licenses Auro Metals Intersects"

## 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.
