Pancon Extends Brewer Option Period
Pancon Extends Brewer Option Period
Toronto, Ontario--(Newsfile Corp. - March 23, 2022) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") announces that the Company has agreed with the Brewer Gold Receiver ("Receiver") to extend the term of the Brewer Option Agreement through December 31, 2024 on a no-cost basis.
安大略省多倫多-(Newsfile Corp.-2022年3月23日)-泛大陸資源公司(多倫多證券交易所股票代碼:PUC)(場外交易市場代碼:PUCCF)(以下簡稱“Pancon”或“公司”)宣佈,公司已與Breaker Gold Receiver(以下簡稱“Receiver”)達成協議,免費將Breyer期權協議的期限延長至2024年12月31日。
Pancon President & CEO Layton Croft stated: "Pancon is grateful to the Receiver and relevant government agencies for granting us more time to explore our flagship Brewer Gold & Copper Project. We now have more than 33 months to aggressively build on our substantial progress thus far. Our refreshed Brewer Discovery Model demonstrates that a significant zone of unoxidized gold-copper mineralization exists beneath the former pit, and that higher grade zones are associated with increased sulphide abundance focused within and along the diatreme margin. In addition to targeting these high grade feeder structures, we will target an additional breccia target to the south-southwest of the former mine, hosted within a NE-SW trending zone of favorably altered rocks."
Pancon總裁兼首席執行官Layton Croft表示:“Pancon感謝接管人和相關政府機構給予我們更多時間來探索我們的旗艦釀酒金銅項目。我們現在有33個多月的時間在我們迄今取得的實質性進展的基礎上積極發展。我們更新的布魯爾發現模型表明,在原礦坑之下存在一個重要的未氧化金銅礦化帶,而品位較高的礦帶與集中在深成巖緣內和沿線的硫化物丰度增加有關。除了瞄準這些高品位的饋送構造外,我們還將瞄準前礦西南偏南方向的另一個角礫巖目標,該目標位於東北-西南方向的有利蝕變巖石帶內。
Pancon's exclusive option to explore and purchase the 1,000-acre Brewer property began on April 1, 2020. Since then, the Company has conducted: historic data review; mapping; geophysical surveys; rotary air blast (RAB), sonic, and core drilling; assay, multielement geochemical, spectral, and petrographic analyses; preliminary metallurgical testing; data compilation; and modeling. This work included drilling and reporting lab results for more than 9,000 meters (m) of drill samples: core (5,000 m), RAB (3,900 m), and sonic (350 m). 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. Next steps include induced polarization (IP) geophysical surveys in four target areas, followed by drilling (see Pancon's news release of February 3, 2022 and for more information).
Pancon從2020年4月1日開始擁有勘探和購買1,000英畝布魯爾地產的獨家選擇權。從那時起,該公司開展了以下工作:歷史數據審查;繪圖;地球物理調查;旋轉空氣噴射(RAB)、聲波和巖心鑽探;分析、多元素地球化學、光譜分析和巖石學分析;初步冶金測試;數據彙編;以及建模。這項工作包括鑽探和報告超過9,000米(米)的鑽探樣品的實驗室結果:巖心(5,000米)、RAB(3,900米)和聲波(350米)。作為迄今工作的結果,Pancon更新了其數據驅動發現模型,該模型確定了布魯爾黃金-銅系統中最有前景的部分。接下來的步驟包括在四個目標區域進行激發極化(IP)地球物理調查,然後進行鑽探(參見Pancon於2022年2月3日發佈的新聞稿,瞭解更多信息)。
Qualified Person
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Patrick Quigley, MSc, CPG-12116, a Qualified Person as defined by NI 43-101.
有資格的人
本新聞稿中的技術信息是根據NI 43-101中規定的加拿大法規要求準備的,並由CPG-12116碩士帕特里克·奎格利(Patrick Quigley)審查和批准,他是NI 43-101定義的合格人員。
About Pancon
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 (). 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.
關於Pancon
泛大陸資源公司(多倫多證券交易所股票代碼:PUC)(OTCQB:PUCCF)或Pancon是一家加拿大初級礦業公司,正在勘探美國東南部富饒、未被勘探的卡羅萊納板巖帶。2020年1月,Pancon贏得了前布魯爾金礦物業的獨家勘探和購買權,選擇權期限至2023年10月。1987-1995年間,布魯爾從65米深的露天礦坑中生產了17.8萬盎司的氧化金,金(金)和銅(銅)硫化物在那裏暴露出來,但無法通過氧化物堆浸作業進行處理。Pancon擁有100%所有權、佔地1,960英畝的傑斐遜黃金項目幾乎完全包圍了佔地1,000英畝的布魯爾地產。位於南卡羅來納州切斯特菲爾德縣的布魯爾-傑斐遜感興趣地區,距離正在生產的海爾金礦12公里,該金礦在2021年生產了19萬盎司黃金()。布魯爾是一個由次火山侵入巖驅動的大型低温熱液高硫化金銅系統,可能與深部的大型銅金斑巖系統有關。
For further information, please contact:
Jeanny So, External Relations Manager
E: info@panconresources.com
T: +1.647.202.0994
如需更多信息,請聯繫:
蘇珍妮,對外關係經理
電子郵箱:Info@panconresource ces.com
T: +1.647.202.0994
For additional information please visit our new website at and our Twitter feed: @PanconResources.
欲瞭解更多信息,請訪問我們的新網站和我們的Twitter訂閲:@PanconResources。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
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 . 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.
本新聞稿包含不包含歷史事實的前瞻性信息。前瞻性信息的特點是“計劃”、“預期”、“項目”、“打算”、“相信”、“預期”、“估計”等類似詞語,或某些事件或條件“可能”或“將”發生的陳述。前瞻性信息涉及風險、不確定性和其他因素,可能導致實際事件、結果和機會與此類前瞻性信息明示或暗示的情況大不相同。可能導致實際結果與這些前瞻性信息大不相同的因素包括,但不限於,股票和債務市場狀況的變化,大宗商品價格的波動,在獲得所需的監管或政府批准方面的延誤,以及礦產勘探和開發行業涉及的其他風險,包括公司在公司簡介中提交的公司管理層討論和分析中列出的風險。本新聞稿中的前瞻性信息是基於截至本新聞稿發佈之日管理層認為合理的意見和假設,包括所有必要的政府和監管部門的批准將在預期的時間內得到。儘管本公司認為在準備本新聞稿中的前瞻性信息時使用的假設和因素是合理的,但不應過度依賴這些信息。除適用的證券法要求外,公司沒有任何更新或修改任何前瞻性信息的意圖或義務。
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