- Pancontinental (PUC) has completed all fieldwork and has received all data for its six-square kilometre dipole-dipole induced polarization (IP) geophysical survey
- The survey covers most of the 1,000-acre Brewer property and a significant portion of its adjacent Jefferson Project properties in Chesterfield County
- A total of 19 lines were surveyed using the dipole-dipole electrode array
- Pancon also announced the resignation of Philip Corriher from the Board of Directors
- Pancontinental Resources Corp. (or Pancon) is a Canadian junior mining company
- Pancontinental Resources Corporation opened trading at $0.025 per share
Pancontinental Resources Corporation (PUC) has completed all fieldwork and received data for its dipole-induced polarization (IP) geophysical survey.
The survey covers most of the 1,000-acre Brewer property and a significant portion of its adjacent Jefferson Project properties, located in Chesterfield County, South Carolina.
The IP survey was designed to cover the large alteration footprint exposed across the Brewer and surrounding Jefferson Project properties.
The alteration exposed on surface forms a large topographic anomaly and consists predominantly of quartz with a diagnostic suite of advanced argillic alteration minerals, including kaolinite, pyrophyllite, and topaz.
Known gold-copper mineralization at Brewer occurs within this alteration zone and is hosted by a breccia unit that contains several percent sulphides.
The IP geophysical method is ideally suited to help map the distribution of these alteration and sulphide zones in the subsurface. It will provide important information to Pancon’s exploration and discovery model.
Integration of the geophysical and geologic information is ongoing, and the company’s interpretation and analysis of the data is expected to be completed in the coming weeks.
“Our new dipole-dipole IP survey is the most comprehensive geophysical survey ever conducted at Brewer and allows us to see approximately 250 metres below surface, which is especially useful for the large and complex Brewer system,” said Pancon President and CEO Layton Croft.
“Our geophysical interpretation and analysis will enhance our knowledge of existing priority drill targets and will provide us with new drill targets,” he added.
A total of 19 lines were surveyed using the dipole-dipole electrode array.
Furthermore, the company has announced the resignation of Philip Corriher from the Board of Directors, effective today.
Pancontinental Resources Corp. (or Pancon) is a Canadian junior mining company exploring the rich, under-explored Carolina Slate Belt in the southeastern USA.
Pancontinental Resources Corporation opened trading at $0.025 per share.
