All holes Show Detectable Gold
Initial geochemistry results from Pancontinental Resources Corporation’s (TSXV: PUC) initial shallow rotary air blast (RAB) drill programme at its flagship Brewer Gold Project in Carolina, USA, have shown early promise.
The programme drilled 1680m in 90 vertical holes averaging 18.5m depths per hole. Seven of the 90 RAB holes 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 Pancon has received lab results on 613 samples from 51 holes out of a total 1,090 samples from the 90-hole programme.
“All 51 holes contain detectable gold, and 44 are exploration holes outside the former pits. Of the 536 samples from these 44 exploration holes, 515 or 96% of those samples contain gold values ranging between the detection level of 0.005 g/t Au and up to 3.59 g/t Au,:” Mr said.
“The mineralised zones extend for a length of more than one kilometre and are open in all directions. The strong continuity of gold and associated mineralogy in these 44 shallow holes drilled outside the former mine to the northwest, west and south is significant, and very encouraging for our upcoming deeper core drill programme.
“We’re sharing this preliminary news as we await the remaining results from the complete RAB programme, after which we will update our compilation database and provide a fulsome analysis of our geophysical, geochemical, geological and structural data that informs Pancon’s emerging conceptual model for discovering a new gold-copper deposit at Brewer.”
The company also used aiSIRIS infrared spectrometry and x-ray diffractometry (XRD) to assess the mineralogy of the RAB samples from Brewer’s shallow oxidised zones.
Commonly associated minerals include quartz, pyrophyllite, topaz, kaolinite group minerals +/- alunite, white mica, zeolite, gibbsite, smectite, goethite, hematite and Mg-chlorite. Pancon considers this continuity of mineralogy from such an early-stage shallow drill programme to be significant, and would look for both expansion of these mineralised zones and an increase in grade from follow-up core and RAB drilling. Meantime, drill data including assays, geochemical analysis, mineralogy and hyperspectral mineralogical data and resistivity/induced polarisation (IP), magnetic, and gravity geophysics are being compiled and correlated to help identify structural controls and to guide further exploration.
