- Pancontinental Resources (PUC) has completed phase 2 of its drill program at the Brewer gold and copper project
- Phase 2 consisted of 104 shallow rotary air blast (RAB) drill holes
- Gold grades from the RAB drill samples averaged gold grades of nearly 100 parts per billion (ppb)
- Today’s announcement also included results from two of phase 2’s diamond core drill holes
- Pancon plans to commence phase 3 of its drill program in Q1 2022
- Pancontinental Resources, or Pancon, is a Canadian junior mining company exploring the Carolina Slate Belt
- Shares in Pancontinental Resources Corp. (PUC) are down 15.79 per cent, trading at $0.08 per share
Pancontinental Resources (PUC) has completed phase 2 of its drill program at the Brewer gold and copper project in South Carolina.
Phase 2 consisted of 104 shallow rotary air blast (RAB) drill holes. All of those holes contained detectable gold using the laboratory’s 5 parts per billion (ppb) detection limit and ended less than 25 metres below the surface.
Gold grades from the RAB drill samples averaged nearly 100 ppb gold, and 87.5 per cent of all RAB holes contained at least one sample grading higher than 50 ppb gold.
Results from this phase of drilling at the Brewer property expanded the footprint of near-surface gold mineralization and defined a new drill target to the west of the former mine.
This western target area returned values up to 2.4 g/t gold and, to Pancon’s knowledge, has not previously been tested by core drilling.
Today’s announcement also included results from two of phase 2’s diamond core drill holes, 16 and 17.
Although it did not encounter mineralization, hole 16 was significant in that it was drilled 350 meters north-northwest of the former mine and encountered alteration zones that are associated with the gold and copper mineralization beneath the former Bewer pit.
“The results are compelling,” said Pancon President and CEO Layton Croft, adding, “We are more confident than ever in the potential for new discoveries across our Brewer-Jefferson land package.”
“We have identified high priority targets for Phase 3 drilling,” added Mr. Croft, “which is planned to commence in the first quarter of 2022.”
Pancontinental Resources, or Pancon, is a Canadian junior mining company exploring the Carolina Slate Belt in the southeastern United States. Pancon’s properties include the Jefferson Project and the Brewer Project, which includes the former Brewer Gold Mine.
Shares in Pancontinental Resources Corp. (PUC) are down 15.79 per cent, trading at $0.08 per share as of 3:43 pm EST.
