Greetings from the Carolinas!
January 4, 2021
Dear Pancon Shareholders and Followers:
Happy New Year! From the entire Pancon family, we wish you and your family good health, much happiness, and an abundance of success in 2021!
We couldn’t be more excited about our flagship Brewer gold-copper project in Chesterfield County, South Carolina. Since the beginning of November, we have drilled about 1,750 meters of diamond drill core out of a 10,000-meter program that is fully funded.
Although turnaround times for labs all over North America are unprecedented in terms of how long they are, we have samples and pulps from our first three holes at two labs in the US, and we are patiently awaiting complete assay, geochemistry and spectral analysis results. While results are forthcoming and may still be a while yet, our drill program has proceeded according to plan.
Before the holiday break we completed 4 diamond drill holes, including a 600-meter vertical hole through and below the reclaimed former Brewer mine. Starting today, our colleagues at Logan Drilling are preparing hole 5, another vertical hole located 100 meters due north of hole 4, and also through and below the reclaimed former pit.
In addition to our primary activity of core drilling, we are working in cooperation with Environmental Risk Transfer to study environmental management and commercial opportunities related to water, sludge and reclaimed sulphide-bearing tailings in the former pit, among other things.
It is a privilege to work with such amazing, hard working and dedicated people on an extraordinary project with so much potential on many levels, and in an area with an abundant, under-explored geological endowment, fantastic infrastructure, a highly supportive community, and pro-mining local and state governments.