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Pancon Intersects 20 Meters of 2.25 g/t Gold and 0.35% Copper 150 Meters South of Former Brewer Mine
Toronto, Ontario--(Newsfile Corp. - September 8, 2021) - Pancontinental Resources Corporation ...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Pancon Intersects 20 Meters of 2.25 g/t Gold and 0.35% Copper 150 Meters South of Former Brewer MineToronto, Ontario--(Newsfile Corp. - September 8, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) (\"Pancon\" or the \"Company\") reports partial gold assay and multielement geochemistry results for diamond drill Hole 15 in Phase 2 of the Company's fully funded 10,000-meter (m) maiden drill program at its flagship Brewer Gold & Copper Project (see Table 1). Hole 15 is a vertical hole located approximately 150 m south of the former Brewer Gold Mine (see Figure 1). Pancon requested rush gold and geochemistry analysis of 20.2 m of the total 218.8 m of core drilled in Hole 15; results are pending for the remaining 198.6 m of core. Highlights: Hole 15 intersected 20.2 m of 2.25 g/t Au, 0.35% Cu and 2.82 g/t AuEq; including: 8.5 m of 3.32 g/t Au, 0.65% Cu and 4.38 g/t AuEq Hole 15 contains the first significant gold-copper mineralization at Brewer outside of the historic minePancon President and CEO, Layton Croft, stated: \"Hole 15 mineralization was encountered beneath the former mine's waste dump, located south of the former mine and sited based on historic condemnation drilling to 35 m vertical depths. Hole 15 was targeted based on anomalous gold from that historic drilling. The samples of mineralized breccia we submitted for rush analysis are from between 77 m and 97 m vertical depths, more than two times deeper than historic condemnation drilling. This is exciting as it means our newly intersected mineralization south of the former mine is open in all directions. The Hole 15 intercept highlights the value of leveraging historic data to find new mineralization (see Figure 2), underscoring the fact that the average vertical depth of all 1,020 historic Brewer drill holes is only 37 m.\" This new Hole 15 mineralization is hosted within a strongly silicified polylithic breccia unit. The breccia may be displaced from the mineralization in and below the former mined pit by post-mineralization faulting and folding. Gold is strongly correlated with copper and telluride minerals, similar to mineralization encountered below the former main Brewer pit and the ancillary B6 pit. Whether this new breccia mineralization connects with the former Brewer mine, or represents an additional breccia body, is as yet unknown and ...