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Pancon Commences First Phase of 10,000-Meter Diamond Drilling Program at Flagship Brewer Gold Project in South Carolina
Toronto, Ontario--(Newsfile Corp. - November 5, 2020) - Pancontinental Resources Corporation (...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Pancon Commences First Phase of 10,000-Meter Diamond Drilling Program at Flagship Brewer Gold Project in South CarolinaToronto, Ontario--(Newsfile Corp. - November 5, 2020) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) (\"Pancon\" or the \"Company\") has commenced the first phase of a 10,000-meter diamond drill program at its flagship Brewer Gold Project. The Brewer Project covers nearly 1,000 acres on the gold-rich, underexplored Carolina Slate Belt in South Carolina, and is where a former mine produced 178,000 ounces of oxide gold between 1987-1995.The first phase will consist of approximately 8 holes ranging from 300-600 meters each, for a total of approximately 3,500 meters. This phase is focused on coincident geochemical, geophysical and geological targets. Many of the targets are coincident resistivity and chargeability anomalies, with hole locations, angles and depths informed by the Company's compilation of historic data together with its own recently produced data.\"We are testing priority targets outside and underneath the former mine, both nearby and further away from where we know gold and copper was and is,\" stated Pancon President and CEO Layton Croft. \"For the first time ever at Brewer, we will be testing targets below 300-meter depths. We are informed and guided by our analysis of compiled historic data, by our gravity, ground magnetics, and resistivity/induced polarization (IP) geophysical surveys conducted from May to July, and by our shallow rotary air blast (RAB) drilling conducted in August and September.\"Croft continued: \"Based on our analysis of historic and modern data, we believe Brewer has at least two different pyrite-bearing lithologies, both containing gold. One is finely disseminated pyrite in quartz; the other is penetratively deformed massive sulphide. Our initial phase of drilling is targeting multiple IP anomalies in both of these lithologies, including targets with coincident conductive and resistive characteristics.\" Figure 1: Core drilled on November 3, 2020To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5156/67506_76a6237f74fcea64_003full.jpgFigure 2: Pancon's Senior Advisor Criss Capps reviewing coreTo view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/5156/67506_76a6237f74fcea64_004fu...