Business
Pancon Completes Initial Shallow Drill Program at Former Brewer Gold Mine Property in South Carolina
Toronto, Ontario--(Newsfile Corp. - September 14, 2020) - Pancontinental Resources Corporation...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Pancon Completes Initial Shallow Drill Program at Former Brewer Gold Mine Property in South CarolinaToronto, Ontario--(Newsfile Corp. - September 14, 2020) - Pancontinental Resources Corporation (TSXV: PUC) (\"Pancon\" or the \"Company\") has completed its initial shallow rotary air blast (RAB) drilling program at its flagship Brewer Gold Project. The program commenced on August 6, concluded on September 8, and drilled nearly 1,700 meters in 90 shallow holes. Most of the drill holes paralleled Pancon's recently completed geophysical traverses across regionally extensive northeast-trending gold and base metal mineralization and regional structure. The RAB program was designed to: validate historic drill results adjacent to reclaimed workings in the northern Brewer prospect; test Pancon's geophysical anomalies and historic geochemical anomalies; and identify new prospective zones along the traverses. The combined drilling and geophysical traverses will provide a critical systematic profile through the heart of the Brewer property, and will provide quality geological, geochemical and mineralogical data that will inform the Company's upcoming deeper diamond drill program. Results from the shallow RAB program are expected in mid-October. Brewer is a high-sulphidation epithermal Au-Cu system that produced 178,000 ounces of near-surface oxide gold from 1987-1995. The Brewer mine has since been reclaimed and was partially backfilled with known sulphide-hosted gold and copper mineralization encountered at the bottom of the shallow historic pits. The Brewer Gold Project and Pancon's Jefferson Gold Project, which surrounds the Brewer property, are located 12 kilometers along trend from the producing Haile Gold Mine in the prolific and underexplored Carolina Slate Belt. Brewer hasn't been explored in 23 years, and most of the tools used previously to explore the property have since been updated with more advanced technologies. Pancon President and CEO Layton Croft stated: \"This shallow drill program complements the compelling results of our recently completed geophysical surveys at the Brewer and Jefferson projects. We employed rigorous quality assurance and quality controls to prepare the nearly 1,700 samples for assay, chemistry and spectral analyses at ALS laboratories in the US and Canada. Historic drilling and mining operations at Bre...