Widespread Continuity Of Near-Surface Gold In All 90 Holes
Pancontinental Resources Corporation (TSXV:PUC) has achieved a perfect return on its initial shallow rotary air blast (RAB) drill programme at its flagship Brewer Gold Project on the 1,000-acre former Brewer Gold Mine property in Chesterfield County, South Carolina.
The programme drilled 1,680 meters in 90 vertical holes averaging 18.5m depths, mostly on two parallel north-south traverses coincident to line 1 and line 4 of Pancon’s resistivity/induced polarisation (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 km. Coincident to line 4 of resistivity/IP, over top of and south of the former mine, 19 RAB holes spaced 50m apart span approximately 750m. The remaining seven 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 two km from end-to-end.
Of the 90 shallow RAB holes drilled in August and September, seven 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.
President and CEO, Layton Croft, said 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 1.5m intervals following strict QA/QC protocols.
“The initial shallow RAB drill programme confirms widespread anomalous gold distribution and associated alteration mineralogy within the oxidised silica cap known to cover the Brewer property,” Mr Croft said.
“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 exist.
“Our spectral analysis, meantime, shows widespread distribution – coincident to the gold-bearing RAB holes – of quartz, topaz, pyrophyllite and other associated minerals, which are useful vectors to guide further exploration.
“Our successful RAB programme has nicely set the stage for our fully funded 10,000-meter diamond drill program that began on November 3, and for follow-up geophysics and additional RAB drilling over time.”