Business
Pancon Identifies New Drill Targets at Flagship Brewer Gold & Copper Project in South Carolina
Toronto, Ontario--(Newsfile Corp. - January 3, 2023) - Pancontinental Resources Corporation ...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Pancon Identifies New Drill Targets at Flagship Brewer Gold & Copper Project in South CarolinaToronto, Ontario--(Newsfile Corp. - January 3, 2023) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) (\"Pancon\" or the \"Company\") has completed its analysis of the recent Induced Polarization (\"IP\") geophysical survey at the Company's flagship Brewer gold and copper project, located in Chesterfield County, South Carolina. IP results have been integrated with geological and alteration models to define four primary prospective near surface gold targets and deeper conceptual porphyry copper-gold targets.Pancon President and CEO Layton Croft stated: \"Based on this integrated analysis we are able to correlate and map discrete geologic and geophysical domains in three-dimensions across Brewer's expansive alteration footprint. This data provides insight into the complexity of the Brewer mineral system and allows us to project along strike and down-dip of known mineralization to target areas that we feel are highly prospective to contain additional gold-copper mineralization. We plan to resume drilling in 2023 and build on the excellent results to date.\"IP Survey Highlights: A 6.0-square kilometer dipole-dipole IP geophysical survey was completed, covering most of the 1,000-acre Brewer property and a significant portion of its adjacent Jefferson Project property.Results of the geophysical analysis and interpretation has led to the identification of four primary target areas (see Figure 1).The T-1 target is a SE-dipping polarizable-conductive body that correlates with and extends from a NE-trending zone of near-surface mineralization. This area extends from the former B-6 pit and continues along strike for approximately 700 meters. Within the central portion of the T-1 target, Pancon's hole 15 discovered a new zone of breccia-hosted mineralization that returned 21.2 meters of 2.23 g/t Au and 0.36% Cu (see news release dated November 24, 2021 for additional details). The T-2 target is the southernmost polarizable-conductive body within the Brewer alteration footprint and is associated with a zone of high grade, near surface gold mineralization identified in shallow historic drilling. The 2022 IP survey reveals this area to be a small chargeability anomaly at surface that broadens and intensifies at depth where the ta...