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Pancon Further Expands Its Jefferson Gold Project Surrounding the Former Brewer Gold Mine, Outlines Upcoming Exploration Program
Toronto, Ontario--(Newsfile Corp. - October 17, 2019) - Pancontinental Resources Corporation (...
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[{"type":"text","content":"Pancon Further Expands Its Jefferson Gold Project Surrounding the Former Brewer Gold Mine, Outlines Upcoming Exploration ProgramToronto, Ontario--(Newsfile Corp. - October 17, 2019) - Pancontinental Resources Corporation (TSXV: PUC) (\"Pancon Resources,\" \"Pancon\" or the \"Company\") further expanded its 100%-owned Jefferson Gold Project on the gold-rich Carolina Slate Belt in South Carolina, USA, and outlined its upcoming exploration program. The Jefferson Gold Project now nearly completely surrounds the former Brewer Gold Mine and is 15 kilometres along trend northeast of the multi-million ounce operating Haile Gold Mine.The Jefferson Gold Project now covers 705 hectares (1,641 acres) and wraps all the way around the former Brewer Gold Mine (see Image 1 below). Brewer's previous operators produced 178,000 ounces of oxide gold in the 1990s from open pit mining that extended to approximately 50-metre depths, where they began encountering copper and gold-rich sulfides that could not be processed by the oxide processing facility. Brewer's prospective geology, including diatreme breccias, associated high sulphidation alteration, gold and copper mineralization, and geophysics support a possible porphyry-style copper-gold system at depth (Schmidt, R.G., 1978, The Potential for Porphyry Copper-Molybdenum Deposits in the Eastern United States, US Geological Survey).\"Our Jefferson Project has secured the most prospective land surrounding the former Brewer Gold Mine on the southwest-northeast Carolina Slate Belt gold trend, which hosts the Haile Gold Mine just down the road. Last week our team walked most of our leased land and we saw ample firsthand evidence that our strategic approach to exploration will be successful. Among other compelling findings, we saw multiple examples of outcrop and subcrop of strongly altered rock along the Brewer's known northwest trend, extending from mineralization at the former mine. This seeming extension of Brewer's northwest trend is 400 metres wide and extends across Pancon's Jefferson Project for nearly 1 kilometre beyond the Brewer property boundary,\" stated Layton Croft, President & CEO. Image 1: Jefferson Gold Project Land MapTo view an enhanced version of Image 1, please visit:https://orders.newsfilecorp.com/files/5156/48829_fcbe2218a4c768f1_003full.jpgIn addition to surrounding the former...