Pancontinental Resources

Overview

Pancontinental Resources Corporation (TSXV:PUC) is a Canadian junior mining company focused on exploring the prolific and underexplored Carolina Slate Belt in South Carolina, USA.

In January 2020, Pancon won the exclusive right to explore the former Brewer Gold Mine. Between 1987 and 1995, Brewer produced 178,000 ounces of oxide gold from open pits that extended to 50-meter depths, where copper and gold-rich sulfides were exposed but could not be processed by the oxide heap leach processing facility.

Brewer is a high sulfidation system driven by a sub-volcanic intrusive and could contain a large copper-gold porphyry system at depth, as indicated by widely-known prospective geology, including diatreme breccias associated high-sulfidation alteration, gold and copper mineralization and geophysics.

Pancon’s 100 percent-owned Jefferson Gold Project nearly surrounds the former Brewer Gold Mine, and both Jefferson and Brewer are located 12 kilometers along trend northeast from the producing Haile Gold Mine, which produced 146,100 ounces of gold in 2019. In addition, Pancon has four nickel-copper-cobalt exploration projects in Northern Ontario surrounding or near producing and former mines.

Pancon’s technical teams have decades of experience in the resource industry moving projects from discovery to mine feasibility. The company’s management team is led by President and CEO Layton Croft whose quarter-century of leadership experience spans North America, Asia, Europe, Africa and Latin America, including executive and advisory roles with Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy.

Pancontinental Resources’ Company Highlights

• Led by a successful exploration management team
• North American focus on low-risk operations
• Operating in proven mining districts
• Underexplored, highly-prospective properties
• Pro-mining local governments
• License to operate with local communities
• Excellent local infrastructure and labor supply

Pancontinental Resources’ Brewer Gold Project

The Brewer project comprises approximately 1000 acres that are surrounded by Pancon’s 100-percent-owned Jefferson gold project, which is over 2000 acres. Brewer is a sub-volcanic high sulfidation gold-copper system located in a proven and safe pro-mining jurisdiction. The project is 12 kilometers northeast along trend from the producing Haile Gold mine on the gold-rich and underexplored Carolina Slate Belt in South Carolina.

Gold was first discovered at Brewer in the early 1800s, just as it was at Haile. Drilling at Brewer in the 1970s returned 64.3m of 3.3 g/t gold and 0.5 percent copper from 30.8 – 95.1-meter depths. Between 1987 and 1995, Brewer produced 178,000 ounces of oxide gold from open pits that extended to 100-meter depths. Attractive sulfide copper-gold mineralization was encountered, but not further explored or mined, as shallow as 30-50 meters below the surface. Brewer’s prospective geology, including diatreme breccias, associated high sulfidation alteration, gold and copper mineralization and geophysics, all support a possible porphyry-style copper-gold system at depth. Brewer is believed to be a close analog with the Timok copper-gold project in Serbia, which has a higher grade upper zone (with 0.89mt of 3.3 percent copper and 1.8 moz of 2.1 g/t gold) and a lower grade low zone (with 31.5 blb of 0.86 percent copper and 9.6 moz of 0.18 g/t gold) 2.

Pancontinental Resources’ Management Team

Layton Croft – President & CEO

Based in Charlotte, NC, an hour from Brewer. More than 15 years of global mining industry experience, in senior roles with Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy. Also Chairman of Erdene Resource Development (TSX: ERD).

Laurence (Laurie) Curtis  – Senior Technical Advisor

Founded the company that discovered and developed the world-class Tujuh Bukit gold-copper district in Indonesia, which has many similarities to Brewer. 45 years of global exploration and executive leadership experience.

David Mosher – Technical Advisor

Led exploration, development and production at multiple gold projects and mines in Canada, West Africa and Russia. 40 years of global exploration and mining executive leadership experience.

Criss Capps, PhD, CPG, QP – Senior Project Geologist

Discovered the high-grade Buzzard gold project next to Brewer in 1997. More than 25 years of exploration experience in the Brewer-Haile area, and 40 years total across North America. Co-discovered 6 gold deposits that became the Castle Mountain Gold Mine in California.

Chris Cherrywell, CPG – Project Geologist

Discovered the Brewer gold deposit in 1983. More than 10 years of exploration and project development experience on the Carolina Gold Belt, including at Haile and Barite Hill. 40 years of global exploration and development experience.

Jen Spohn – Project Data & Administration Manager

Provided project support to gold exploration programs near Brewer since 2011. A geologist with 20 years of project data management and GIS/AutoCAD experience for various engineering, environmental and mining sector projects.

Pancontinental Resources’ Board of Directors

Don Whalen – Chairman of the Board and Independent Director
Layton Croft – Director
David Mosher – Independent Director and Technical Advisory Committee Member
David Petroff – Independent Director
Rick Mark – Independent Director