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Pancon Intersects 181.6 Meters of 1.24 g/t Gold in Maiden Diamond Drill Program at Former Brewer Gold Mine
Partial Results from 3 Holes Confirm Significant Continuity of Gold Mineralization Below Forme...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Pancon Intersects 181.6 Meters of 1.24 g/t Gold in Maiden Diamond Drill Program at Former Brewer Gold MinePartial Results from 3 Holes Confirm Significant Continuity of Gold Mineralization Below Former MineToronto, Ontario--(Newsfile Corp. - March 2, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) (\"Pancon\" or the \"Company\") reports complete results (gold assays and multielement geochemistry) for Hole 2 and partial results (gold assays) for Holes 4 and 5, out of the total 7 holes drilled in Phase 1 of its fully funded 10,000-meter diamond drill program at its flagship Brewer Gold Project. The Project, nearly 1,000 acres on the gold-rich Carolina Slate Belt in South Carolina, is where the former shallow Brewer Gold Mine produced 178,000 ounces of oxide gold between 1987-1995, and is located 12 kilometers along trend from the producing Haile Gold Mine. Highlights: Hole 5, from 56 meters' vertical depth (immediately below the bottom of the former mine), intersected 181.6 meters of 1.24 g/t gold, including: 152 meters of 1.4 g/t gold; 75 meters of 2.14 g/t gold; 24.2 meters of 4.26 g/t gold; and 3 meters of 24.3 g/t gold.Hole 4, located 110 meters due south of Hole 5, from 66.4 meters' vertical depth (about 10 meters below the bottom of the former mine), intersected 115.6 meters of 0.91 g/t gold, including: 71 meters of 1.24 g/t gold; 15.5 meters of 2.35 g/t gold; and 3.45 meters of 5.29 g/t gold.In Hole 5, Pancon geologists identified five sightings of visible gold in three different locations.In Hole 5, 144 out of the 146 samples contain detectable gold, with the lowest detectable gold sample value being 0.034 g/t gold and the highest being 30.2 g/t gold.In Hole 4, 341 out of the 373 samples contain detectable gold, with the lowest detectable gold sample value being 0.025 g/t gold and the highest being 6.53 g/t gold.In Hole 2, all 219 samples contain detectable gold, with the lowest sample value being 0.012 g/t gold and the highest being 2.05 g/t gold.Pancon analyzed historic Brewer data to locate Sonic Hole 1/diamond drill Hole 4 and Sonic Hole 2/diamond drill Hole 5, the only vertical holes in Phase 1 (see Figure 1). The Company is awaiting results for the two sonic holes.Figure 1: North-South Vertical Section (A-A' = ~550 meters) for Hole 4 (B20C-004) and Hole 5 (B21C-005) To view an enhanced version...