- Pancontinental Resources (PUC) has completed an initial shallow drill program at its Brewer Gold Project in South Carolina, USA
- The program began on August 6, and included 90 holes over almost 1,700 metres
- Many of the holes mirrored the company’s previously completed geophysical work across extensive northeast-trending gold and base metal mineralisation
- The results of the drilling work, which are anticipated in mid-October, are expected to further inform a proposed deeper drill program at the project
- Pancontinental Resources (PUC) is currently steady at C$0.10 per share
Pancontinental Resources (PUC) has completed an initial shallow drill program at its Brewer Gold Project in South Carolina, USA.
The rotary air blast (RAB) program began on August 6, and included 90 shallow holes over almost 1,700 metres. It was focused on validating previous drill results to the north of the property, as well as testing historic geochemical anomalies and identifying new prospective zones.
Many of the completed holes mirrored Pancontinental’s recently completed geophysical work, which assessed extensions of northeast-trending gold and base metal mineralisation.
The results of the drill program, which are expected in mid-October, will be used to flesh out a systematic profile through the heart of the Brewer Gold Project. This will then be used to inform a proposed deeper diamond drill program.
Approximately 1,000 drill holes have been completed at the project in the past, almost exclusively targeting shallow oxide gold mineralisation. However, only nine holes were drilled beyond a depth of 200 metres, which Pancontinental intends to rectify by drilling targets to a depth of 600 metres.
Layton Croft, President and CEO of Pancontinental Resources, noted that less than 10 per cent of the 1,000-acre Brewer property has been explored and mined.
“We believe the remaining 900 acres of the Brewer property – plus our Jefferson Project’s surrounding 1,500 acres – are highly prospective for both near-surface oxide gold mineralisation and deeper sulphide gold-copper mineralisation.
“Data from our initial RAB drill program will further enrich our knowledge about Brewer’s geology, minerology and potential structural controls to maximise the impact of our initial deeper diamond drill program, which we expect to commence in late October,” he said.
Pancontinental Resources (PUC) is currently steady at C$0.10 per share at 1:25pm EDT.
