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Pancon Identifies Multiple Strong Geophyiscial Anomalies and Drill Targets at and Adjacent to the Former Brewer Gold Mine in South Carolina
Toronto, Ontario--(Newsfile Corp. - July 28, 2020) - Pancontinental Resources Corporation (TSX...
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[{"type":"text","content":"Pancon Identifies Multiple Strong Geophyiscial Anomalies and Drill Targets at and Adjacent to the Former Brewer Gold Mine in South CarolinaToronto, Ontario--(Newsfile Corp. - July 28, 2020) - Pancontinental Resources Corporation (TSXV: PUC) (\"Pancon\" or the \"Company\") reports results of resistivity/induced polarization (IP), magnetic, and gravity geophysical surveys conducted at its flagship Brewer Gold Project and at its Jefferson Gold Project, which nearly surrounds the former Brewer Gold Mine property. Brewer is a high-sulphidation epithermal Au-Cu system that produced 178,000 ounces of near-surface oxide gold from 1987-1995. The Brewer and Jefferson gold projects are located 12 kilometers along trend from the producing Haile Gold Mine on the prolific and underexplored Carolina Slate Belt. HighlightsMultiple strong geophysical anomalies discovered within previously unknown prospective zone;New prospective zone is bounded by high-angle northwest and east-west trending faults and conductors, and has strong east-west continuity as shown by intercepts of the north-south IP traverses;Prospective zone has an extraordinarily strong IP chargeability anomaly through the middle of the zone;Prospective zone is at least 2,000 meters east to west and open to the south;Local anomalies and drill targets in the prospective zone are within and adjacent to the formerly mined pits; andThe overall Brewer-Jefferson area of interest (AOI) is bound to the northwest by the highly magnetic northwest trending hornfels zone surrounding the Pageland Pluton, and to the south is interrupted by northeast trending faults. Pancon President and CEO, Layton Croft, stated: \"We are very encouraged by the compelling results from our initial phase of geophysical surveys at our Brewer and Jefferson gold projects. This is the first time in nearly three decades that any scientific data has been produced using modern technology and tools at and around the former Brewer Gold Mine. As a result, I am thrilled to report we have identified multiple, locally coincident IP chargeability, resistivity, gravity and magnetic anomalies - and exciting new drill targets - over the historic mine pits and adjacent to the former main pit to the west and south (see Figure 1, below). Pancon's new and highly prospective zone in the Brewer-Jefferson AOI, largely untested to depths be...