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Pancon's Shallow Drill Results at Brewer Show Widespread Continuity of Near-Surface Gold in All 90 Holes, Open in All Directions
Toronto, Ontario--(Newsfile Corp. - November 16, 2020) - Pancontinental Resources Corporation ...
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[{"type":"text","content":"Pancon's Shallow Drill Results at Brewer Show Widespread Continuity of Near-Surface Gold in All 90 Holes, Open in All DirectionsToronto, Ontario--(Newsfile Corp. - November 16, 2020) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) (\"Pancon\" or the \"Company\"), further to its news release of October 27, 2020, reports on the full gold assay and spectral mineralogy results received on its initial shallow rotary air blast (RAB) drill program at its flagship Brewer Gold Project on the 1,000-acre former Brewer Gold Mine property in Chesterfield County, South Carolina. The program drilled 1,680 meters in 90 vertical holes averaging 18.5-meter depths, mostly on two parallel north-south traverses coincident to line 1 and line 4 of Pancon's resistivity/induced polarization (IP) geophysical surveys conducted in June and July. Coincident to line 1 of resistivity/IP, west and southwest of the former mine, 64 RAB holes spaced 25 meters apart span approximately 1.5 kilometers. Coincident to line 4 of resistivity/IP, over top of and south of the former mine, 19 RAB holes spaced 50 meters apart span approximately 750 meters. The remaining 7 RAB scout holes stepped out to the north, northeast and far south of the former mine, variously spaced no less than 100 meters apart, and span more than 2 kilometers from end to end. Of the 90 shallow RAB holes drilled in August and September, 7 are in sulphide-bearing tailings from the former mine that were encapsulated back into the main pit during reclamation. The remaining 83 exploration holes are located outside the former mine. All 90 holes contain gold, with the highest-grade samples from each hole ranging from 0.01 g/t Au to 3.59 g/t Au. Of the total 1,133 samples collected, 1,029 samples or 91% contain detectable gold (>0.005 g/t Au). Samples were collected in 1.5-meter intervals following strict QA/QC protocols.Pancon President and CEO Layton Croft stated: \"The initial shallow RAB drill program confirms widespread anomalous gold distribution and associated alteration mineralogy within the oxidized silica cap known to cover the Brewer property. Widespread continuity of near-surface gold at Brewer is very encouraging, bolstering our hypothesis of the potential for an economic shallow gold resource in addition to potential deeper sulphide-hosted gold-copper deposit(s) that may ...