Nickel, Cobalt, Copper and Gold Exploration in North America
This profile is part of a paid investor education campaign.*
Pancontinental Resources Corporation (“Pancon”) (TSXV:PUC) is a Canadian-based mining company focused on the exploration and development of its strategic battery metals projects in proven mining districts with excellent infrastructure, existing resources and/or in proximity to producing or former mines.
Looking to help address the growing demand for battery metals, Pancon’s flagship projects are:
- Montcalm, Nova and Gambler nickel-cobalt-copper projects makes up a camp-sized land position covering 13,480 ha in the Porcupine Mining Division in Ontario and adjacent to Glencore’s former Montcalm Mine that mined ~4mt of ore grading 1.25% Ni, 0.67% Cu, and 0.051% Co, and:
- McBride nickel-cobalt-copper project, an advanced exploration and development property with historical resources of 5.1 million tons of nickel-cobalt-copper mineralization (predating NI 43-101), previously explored by Macassa Gold Mines Ltd. and Long Lac Minerals Ltd.
In 2015, Pancon sold its interest in its Australian rare earth element (REE) and uranium properties, formerly held through a joint venture, and retains a 1% gross overriding royalty on 100% of future production.
- A leading battery metals explorer focusing on commodity, geology, location, timing and people
- Developing Ni-Co-Cu projects with established resources or near producing/former mines in proven mining districts
- Projects in low-risk regions with pro-mining local government and excellent infrastructure
- Camp-sized land position controlling most all prospective gabbro complex near former Ni-Co-Cu mined owned by Gelncore plc
- Management with track record of asset discovery, project development and value creation
The Montcalm Project (3,780 hectares) is one of three Pancon projects in the Montcalm Greenstone Belt. It is located within the prospective Montcalm Gabbro Complex, 65 kilometres northwest of Timmins, Ontario.
The project is contiguous to and surrounds the western, northwestern and southwestern portion of the former Montcalm Mine, currently owned by Glencore plc. The former Montcalm Mine was discovered and developed based on a single airborne electromagnetic anomaly identified in 1970s and previously mined 3,931,610 tonnes of ore grading 1.25% nickel, 0.67% copper and 0.051% cobalt, producing in excess of 4 million pounds of cobalt (Ontario Geological Survey, Atkinson, 2011).
Initial drilling of a minimum of 4,500 metres has commenced in the Montcalm Project.
The Nova Project (2,080 hectares) is one of three Pancon projects in the Montcalm Greenstone Belt. Located 19 kilometres southwest of Glencore’s former Montcalm Mine, which previously mined 3.9 million tonnes of Ni-Co-Cu ore and produced more than 4 million pounds of cobalt (Ontario Geological Survey, Atkinson 2011), the Nova Project covers a portion of the eastern boundary of a major regional structure known as the Kapuskasing High (also known as Kap High).
Very little exploration has been conducted on this structure until recently, leading up to Goldcorp’s recent announcement of plans to develop its Borden Lake Gold Mine, located in the Kap High.
The Gambler Project is adjacent to the Montcalm Project, covering 7,620 hectares and encompasses the majority of the underexplored Montcalm Gabbro Complex in the Montcalm Greenstone Belt.
The Gabbro complex is highly prospective for Nickel-Cobalt-Copper deposits.
Layton Croft—President, CEO And Director
Layton Croft is a seasoned business executive with more than 25 years of global leadership experience and expertise in corporate strategy, business development, project management, stakeholder engagement, and environmental and community sustainability. He has spent more than 15 years in the exploration, mining and energy sectors with Ivanhoe Mines, Rio Tinto, Peabody Energy, Duke Energy and LP Amina, including six years as executive vice president for the massive Oyu Tolgoi copper-gold project in Mongolia. Based in Charlotte, North Carolina, he has contributed to business results on significant gold, copper, iron ore and coal projects and operations in Asia, North America and Africa.
He is a director of Erdene Resource Development (TSX:ERD), which has discovered and is developing a high-grade gold district in southwestern Mongolia. He holds a BA from the University of North Carolina at Chapel Hill, an MA from the School for International Training, and an MA from the Fletcher School of Law and Diplomacy at Tufts University.
Kevin Filo, P. Geo.—Project Advisor
Kevin Filo is an exploration geologist, mining geologist and project generator with more than 37 years of experience, including 30 years in Ontario’s Abitibi greenstone belt region. He is a former vice president on the team which acquired the Detour Gold Mine from Placer Dome, which is now one of the largest operating gold mines in Canada.
Todd Keast, P.Geo. – Project Manager
Exploration and project geologist with nearly 30 years of experience in a diverse field of commodities. With an active approach to exploration, has advanced projects from grassroots target generation and evaluation through to deposit discovery, delineation, environmental permitting and PEA.
Mark McMurdie is a Chartered Professional Accountant (CPA:CMA) with more than 30 years of senior leadership experience in public and private companies. He is also chief financial officer for Roscan Minerals (TSXV:ROS), as well as director of finance for franchisor H&S Massage Spa Canada.
He possesses deep professional experience in the mining, franchising, oil and gas, merchant banking, distribution and real estate sectors. His expertise includes the development and leadership of corporate finance and accounting functions, strategic planning, and restructuring, as well as liaising with shareholders, boards of directors, securities regulators, and financial institutions.
Donald Whalen—Chairman of the Board, Independent Director
Donald Whalen has been a self-employed business consultant since 2009. From 1992-2008, he served as Executive Chairman and Director of TSX-listed High River Gold Mines. Together with fellow Pancon Gold Director, David Mosher, he succeeded in growing High River Gold from a small exploration company into a multi-mine, international gold producer with mines in Canada, West Africa and Russia. During this period, High River Gold’s market capitalization increased from C$7 million to more than C$1 billion. He has been active in promoting Canada-Russia business investment and trade relations. From 1998-2008 he was Chairman of the Canada Eurasia Russia Business Association (CERBA), and from 2005-2007 he represented Canada as co-chair of the Canada Russia Business Council.
Rick Mark—Independent Director
Rick Mark has more than 25 years experience in the public markets and has held leadership positions with various organizations over the last 40 years. During his tenure with public companies he has been responsible for: securing financings; developing short and long-term corporate goals; building cost-effective property development plans; creating effective communication platforms; and overseeing regulatory functions.
He is currently president and CEO, chair and director of Harvest Gold (TSXV:HVG). He was formerly president and CEO of VMS Ventures, which discovered the high-grade Reed copper deposit in Manitoba, now in production through a joint venture with Hudbay Mining. He was also chairman of North American Nickel, which has made a number of nickel discoveries in Greenland. He has led efforts to raise more than C$85 million in the last 12 years.
David Mosher—Independent Director, Technical Advisory Committee Member
David Mosher is a geologist and mining executive with more than 35 years experience in the United States, Canada, Australia, Russia, Africa and Asia. Over the past decade he has been active in the restructuring, financing and management of a number of mineral projects and mining companies, both private and public. He has served on many boards including Cambior and Equinox Minerals, and is currently a director of five public mineral exploration companies, including Pancon Gold.
From 1992 through 2008, he served as president and CEO of TSX-listed High River Gold Mines, where he raised more than US$300 million and developed three mines from exploration through to production in Canada, West Africa and Russia. He assisted with the expansion of two underground mines in Russia, and he outlined a 5 million ounce gold deposit in Burkina Faso, which subsequently became an operating mine. Under his leadership, High River Gold’s market capitalization increased from C$7 million to more than C$1 billion.
David Petroff—Independent Director
David Petroff brings substantial executive management experience with mining companies to the Pancon Gold Board. He served as president, CEO and director of Jaguar Mining from 2012-2014. He was president, CEO and director of Breakwater Resources from 2009-2011. From 2004-2008, he was executive vice president and chief financial officer of Centerra Gold, a spin-off from Cameco. He was chief financial officer and senior vice president, finance and administration for Cameco from 1997-2004.
His experience demonstrates his ability to step into challenging situations and provide leadership for creating and implementing strategies that lead to higher profitability, engaged employees, and overall improved business results.
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