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Pancon Intersects 25 Meters of 0.96 g/t Au and 0.2% Cu, Further Extending Gold-Copper Zone at Brewer
Toronto, Ontario--(Newsfile Corp. - August 31, 2021) -   Pancontinental Resources Corpor...
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[{"type":"text","content":"Pancon Intersects 25 Meters of 0.96 g/t Au and 0.2% Cu, Further Extending Gold-Copper Zone at BrewerToronto, Ontario--(Newsfile Corp. - August 31, 2021) -  Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) (\"Pancon\" or the \"Company\") reports gold and multielement geochemistry results for two more diamond drill holes 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). Holes 11 and 12 are vertical holes located to the north and northwest of discovery Holes 4 and 5 and collared outside the northern pit wall of the former mine (see Figure 1). In addition, Pancon reports that preliminary logging of step-out Hole 16, located 350 m north-northwest of the former mine, identified intergrown chalcopyrite-bornite mineralization at about 225 m below surface (see Photo 1).Highlights: Hole 11 intersected 25.2 m of 0.96 g/t Au, 0.21% Cu and 1.31 g/t AuEq; including: 5.6 m of 1.73 g/t Au, 0.42% Cu and 2.41 g/t AuEq Hole 12 intersected 15.5 m of 0.9 g/t Au and 4.57 m of 2.32 g/t AuPancon President and CEO Layton Croft stated: \"Holes 11 and 12 extend, to the north and west, the gold-copper mineralized zone below the former Brewer mine. This zone now spans 275 m on a north-south axis, with a mineralized hole 50 m to the east and another mineralized hole 50 m to the west (see Figure 2). The bigger picture is getting clearer. Our next phase of drilling will include a grid of holes to expand our understanding of this gold-copper mineralized zone below the former mine, with the objective of defining a maiden resource in 2022.\"Croft continued: \"Mineral zonation is a useful tool for vectoring in exploration, and recent discoveries make this a possibility at Brewer. Previously identified copper minerals associated with gold-copper mineralization at Brewer are from much shallower epithermal mineralization dominated by chalcocite group minerals and enargite within hydrothermal breccias, but without a chalcopyrite-bornite assemblage. Our identification of intergrown chalcopyrite-bornite mineralization 350 m north-northwest of the former mine suggests that an originally deeper, higher temperature zone of the Brewer mineralizing system was transported to shallower levels during post-mineralization deformation and mountain building. This zonatio...