Wednesday June 8, 2022
Toronto, Ontario, June 9, 2022: Pancontinental Resources Corporation (TSXV: PUC; OTCQB: PUCCF) (“Pancon” or the “Company”) will be attending this year’s PDAC convention, taking place in person at the Metro Toronto Convention Centre on June 13-15, 2022.
Pancon’s President and CEO Layton Croft, and External Relations Manager, Jeanny So, will be available at booth 2440 at the Investor Exchange Pavilion to discuss current and upcoming exploration plans for its flagship Brewer Gold and Copper project in South Carolina.
To date, Pancon has drilled more than 9,000 metres of diamond core, rotary air blast (RAB) and sonic hole samples with exceptional drill results to date with higher grades within broad mineralized zones. As a result of work to date, Pancon has updated its data driven Discovery Model that identifies the most prospective parts of the Brewer gold-copper system. Pancon is currently conducting a new IP geophysics program aiming to refine drill targets in the 4 most prospective areas and may identify new, deeper drill targets. This work will be followed by an aggressive core drilling program.
Pancontinental Resources Corp. (TSXV: PUC / OTCQB: PUCCF), or Pancon, is a Canadian junior mining company exploring the rich, underexplored Carolina Slate Belt in the southeastern USA. In January 2020, Pancon won the exclusive right to explore and purchase the former Brewer Gold Mine property, with an option period through October 2023. Between 1987-1995, Brewer produced 178,000 ounces of oxide gold from open pits that extended to 65-meter depths, where gold (Au) and copper (Cu) sulphides were exposed but could not be processed by the oxide heap leach operation. Pancon’s 100%-owned, 1,960-acre Jefferson Gold Project nearly completely surrounds the 1,000-acre Brewer property. The Brewer-Jefferson area of interest, in Chesterfield County, South Carolina, is 12 kilometers along trend from the producing Haile Gold Mine, which produced 190,000 ounces of gold in 2021 (www.oceanagold.com). Brewer is a large, epithermal, high sulphidation gold-copper system driven by a sub-volcanic intrusive, possibly connected to a large copper-gold porphyry system at depth.
For further information, please contact:
Jeanny So, External Relations Manager
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This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.