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Pancon Reports Detectable Gold in All 104 Phase 2 RAB Drill Holes, Including 2 Holes 150 & 300 Meters West of Former Brewer Gold Mine Each with 6-Meter Intervals of >1.00 g/t Au
Toronto, Ontario--(Newsfile Corp. - December 21, 2021) - Pancontinental Resources Corporation ...
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[{"type":"text","content":"Pancon Reports Detectable Gold in All 104 Phase 2 RAB Drill Holes, Including 2 Holes 150 & 300 Meters West of Former Brewer Gold Mine Each with 6-Meter Intervals of >1.00 g/t AuToronto, Ontario--(Newsfile Corp. - December 21, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) (\"Pancon\" or the \"Company\") provides drill results for Phase 2 shallow rotary air blast (RAB) drill holes, and for Phase 2 diamond core drill holes 16 and 17, at its flagship Brewer Gold & Copper Project in South Carolina, USA (see Figures 1 & 2 and Tables 1 & 2). All 104 Phase 2 RAB drill holes contain detectable gold (using the laboratory's 5 ppb detection limit) and end less than 25 meters below surface. The average gold grade of all 1,437 RAB drill samples is nearly 100 ppb (0.1 ppm), and 87.5% of all RAB holes contain at least one sample grading higher than 50 ppb (0.05 ppm) gold.Highlights:RAB Hole B21B-100 - located ~150 meters (m) west of the former mine, intersected 21 m of 0.46 g/t Au starting at 3 m below surface, including 6 m of 1.2 g/t AuRAB Hole B21B-111 - located ~300 meters west of the former mine, intersected 13.7 m of 0.59 g/t Au starting at 6 m below surface, including 6 m of 1.0 g/t AuRAB Hole B21B-153 - located ~100 meters south of the former mine, intersected 7.6 m of 0.69 g/t Au starting at 16.7 m below surface, including 3 m of 0.90 g/t AuRAB Hole B21B-175 - located immediately east of the former main pit (and immediately west of the former ancillary B6 pit), intersected 10.7 m of 0.47 g/t Au, including 3 m of 0.90 g/t AuCore Hole B21C-016 - located 350 meters north-northwest of the former mine, remained within a package of strongly altered volcanic rocks for 380 meters Results of the Phase 2 RAB drill program expand the footprint of near-surface gold mineralization on the Brewer property, and specifically define an attractive drill target to the west of the former mine. This western target area returned values up to 2.4 g/t Au (B21B-100) and, to Pancon's knowledge, has not previously been tested by core drilling. Several of Pancon's RAB holes in this area were stopped short of their maximum depth due to extremely hard and slow drilling conditions, likely related to the presence of topaz similar to that documented in and below the former Brewer mine. Pending spectral analyses will help confirm th...