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Pancon Commences Shallow Drill Program on Former Brewer Gold Mine Property in South Carolina
Toronto, Ontario--(Newsfile Corp. - August 11, 2020) - Pancontinental Resources Corporation (T...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Pancon Commences Shallow Drill Program on Former Brewer Gold Mine Property in South CarolinaToronto, Ontario--(Newsfile Corp. - August 11, 2020) - Pancontinental Resources Corporation (TSXV: PUC) (\"Pancon\" or the \"Company\") is pleased to report that it commenced, on August 6, an initial shallow rotary air blast (RAB) drilling program at its flagship Brewer Gold Project. Brewer is a high-sulphidation epithermal Au-Cu system that produced 178,000 ounces of near-surface oxide gold from 1987-1995. The Brewer Gold Project and contiguous Jefferson Gold Project, whose Area of Interest (AOI) surrounds the Brewer property, are located 12 kilometers along trend from the producing Haile Gold Mine on the prolific and underexplored Carolina Slate Belt. The shallow RAB drill program follows up on the Company's positive results from recent reconnaissance ground geophysics program, as detailed in Pancon's July 28, 2020 news release. Pancon plans to drill approximately 100 RAB holes, each hole being approximately 20 meters deep. The purpose of the initial RAB drill program is to validate historic drill results, test targets identified from recent and historic geophysical, geological and geochemical data, and to identify new prospective zones. Results from the RAB drilling combined with the recent geophysics will provide targets for the Company's upcoming diamond core drilling program.Pancon President and CEO Layton Croft stated: \"This is the first time in over 20 years that anyone has conducted exploration drilling at Brewer, whose former mine was closed and reclaimed with gold-copper sulphide mineralization encapsulated in the pits as part of the mine site reclamation. Historic drill results and mining operations at Brewer focused on near-surface, high-grade oxide gold mineralization and not on the disseminated and massive sulphide mineralization at depth which was encountered in the deeper holes. Less than 10 percent of Brewer's 1,000-acre property has been explored and mined and the mineralized system is open in all directions. Given the positive results of our recent resistivity/induced polarization (IP), gravity and ground magnetics geophysical surveys, and based on our geological mapping and analysis of historic data, we believe the remaining 900 acres of the Brewer property are highly prospective for both near-surface oxide gold mine...