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Pancon Prepares for Drilling at Montcalm, Strengthens Technical Team
Toronto, Ontario--(Newsfile Corp. - October 30, 2018) - Pancontinental Resources Corporation (...
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[{"type":"text","content":"Pancon Prepares for Drilling at Montcalm, Strengthens Technical TeamToronto, Ontario--(Newsfile Corp. - October 30, 2018) - Pancontinental Resources Corporation (TSXV: PUC) (\"Pancon\" or the \"Company\") is finalizing plans for the maiden drill program at its early stage nickel-cobalt-copper Montcalm Project, 65 kilometres northwest of Timmins, Ontario. The Project covers 3,780 hectares (37.8 square kilometres) and surrounds Glencore's former Montcalm Mine. Pancon's boundary is about 1 kilometre from the actual mine.Pancon President and CEO, Layton Croft, stated: \"We have taken a methodical, scientific approach to crafting our initial drill program for the Montcalm Project. Our team has compiled a wealth of historic and modern geophysical and drilling data, regarding both our Project and the adjacent former Mine. We prefer to explore in the shadow of a headframe, a key comparative advantage of the Montcalm Project. Our seasoned geologists have been prudent in taking all necessary time prior to the first drill bit breaking ground to ensure optimum potential for success. We have spent months carefully integrating past and present technical analyses, and modeling assumptions. The stage is now set for program commencement, once winter sets in and drilling conditions are optimal.\" HighlightsApproximately 25 drill targets have been identified from extensive analysis of historic works and recent, state-of-the-art VTEM and gravity airborne geophysical surveys;An additional ground pulse electromagnetic (PEM) survey in December will test historic UTEM targets in order to further strengthen our drilling strategy and plan;Drilling is expected to commence the first week in January 2019;The maiden diamond drill program estimates producing approximately 5,000 metres of core;Induced polarization (IP) may also be utilized during the maiden program to further refine target knowledge and drill planning; andAll necessary drilling permits have been secured and Flying Post First Nation has demonstrated its support.In addition, Pancon has recently strengthened its technical team. Mr. Todd Keast, P.Geo., is a project geologist with more than 30 years of experience, including expertise in discovering, drilling, delineating and developing nickel-hosted massive sulphide deposits across Canada. Todd will work with Pancon Project Manager Kevin Filo, P.Ge...