Embed Size (px)
Citation preview
Copyright ©2021 Pancontinental Resources Corporation. All rights reserved. September 2021
TSXV: PUC/ OTCQB: PUCCFTSXV: PUC/ OTCQB: PUCCF
Brewer Gold & Copper ProjectBrewer Gold & Copper Project
Phase 2 Drilling Underway Phase 2 Drilling Underway
September 2021September 2021
Happy early-autumn greetings from the gorgeous Carolinas!
INSIDE THE PUC REPORTGold & Copper Insights• Month over month & year to date commodity prices and charts
Industry News• Central banks go big on gold buying
• A Breakout Indicator for Gold
• Market Report: Anniversary of gold’s $2070 peak
• Something Interesting Is Happening In Copper Markets
• 30% of your portfolio should be in gold, says Egyptian billionaire Naguib
Sawiris
• Barrick CEO: Gold’s real rally hasn’t even come yet; Mark Bristow on Q2
results, forward guidance
• Closing the Gold Window — Fifty Years On
• Some Wall Street analysts project a price hike in gold
• Visualizing global gold production by country in 2020
• Warren Buffett, inflation and the gold price
• Gold as a Risk Mitigator
• Do you know all the uses for copper?
• Our Vision for the Gold Market
• Copper price bounces back after hitting six-month low
• Hold gold: insuring your portfolio could prove lucrative
+++ MORE INSIDE!
Dear Pancon Shareholders and Followers:
August was a very productive month at our flagship Brewer Gold & Copper Project in Chesterfield County, South Carolina. We continued drilling near and below the former mine, including finishing step-out hole 14 to the southeast, hole 15 to the south, hole 16 to the northwest, and hole 17 to the northeast. We concluded Phase 2 drilling and began preparing for Phase 3 drilling, which will begin in September.
We received and reported on drill results for all 6 sonic drill holes we drilled through the reclaimed backfill waste material put back into the former main and BG open pits. Those results suggest an average grade of 0.35 g/t Au across homogeneous layers of backfill. This data helps us begin to estimate a potential economic gold resource in that waste material. Removing and processing that waste could lead to near-term cash flows; greatly reduce the acid mine drainage at Brewer and thus greatly reduce environmental management costs and risk; and reduce time and money required to begin future mining operations of a potential gold-copper resource below the former mine.
We also received and reported on diamond holes 11 and 12, drilled just outside the northern pit wall boundary of the former mine. These holes contain encouraging gold-copper mineralization that further extends known Au-Cu mineralization under-neath the former mine, now along a north-south axis spanning 275 meters. We also reported on identifying the copper porphyry style minerals chalcopyrite and bornite in diamond hole 16, located 350 meters north-northwest of the former mine. This is noteworthy and those minerals are typically created at higher temperatures and proxi-mal to the intrusive heat engine that typically drive porphyry copper systems.
We also announced the expansion of our 100%-owned Jefferson Gold Project land package, to 1,962 acres, which nearly completely surrounds the Brewer property. We continue to engage local stakeholders and landowners, always investing time in the relationships essential to maintaining a strong social license to operate.
In September:• We plan to continue reporting results for diamond drilling and rotary air blast
(RAB) drilling.• We plan to commence Phase 3 of our fully-funded 10,000-meter diamond drill
program, including commencement of drilling a patterned grid of vertical holes below the former mine, with the objective of producing a maiden resource estimate in 2022.
• We plan to receive cash into the Company through the exercise of options and warrants, and through the sale of our non-core assets in Ontario.
• We will be engaging retail and institutional investors outside the Beaver Creek gold conference, and in the Toronto area.
• And we continue focusing, like a laser beam, on advancing our 3 value drivers: 1) a potential economic gold resource in the backfill waste material; 2) a potential economic resource in the gold-copper mineralization below the former mine; and 3) a potentially mineralized large porphyry copper-gold deposit nearby the former mine.
Thank you for your interest, your support, and your trust in Pancon.
And that’s All for Now!~Layton
Gold (Au)
Copper (Cu) PUC.V
July 31, 2021 $1,814.20 $9,737.00 $0.145
August 31, 2021 $1,815.90 $9,462.50 $0.12
MoM $ Change (+/-) $43.30 $352.00
$0.025
MoM (%) +0.1% -2.8% -17.2%
YTD (%) -6.5% +19.5% +26.3%
Gold & Copper Source: The London Metal Exchange* Gold price per ounce/copper price per tonne; priced in US dollars.
PUC.V Source: TSX Venture Exchange * Priced in Canadian dollars
TSXV: PUC/ OTCQB: PUCCFTSXV: PUC/ OTCQB: PUCCF
Copyright ©2021 Pancontinental Resources Corporation. All rights reserved. Page 2
Pancon (TSXV: PUC/ OTCQB: PUCCF) is a Canadian junior mining company focused on exploring the prolific and underexplored Carolina Slate Belt in Chesterfield County, South Carolina, USA. In January 2020, Pancon won the exclusive right to explore the former Brewer Gold Mine property.
Between 1987-1995, Brewer produced 178,000 ounces of oxide gold from open pits that extended to 65-meter depths, where copper and gold-rich sulphides were exposed but could not be processed by the oxide heap leach processing facility.
Brewer is a high sulphidation system driven by a sub-volcanic intrusive and possibly connected to a large copper-gold porphyry system at depth, as indicated by: widely known prospec-tive geology, including diatreme breccias; associated high sulphidation alteration; gold and copper mineralization; and geophysics (Schmidt, R.G., 1978, The Potential for Porphyry Cop-per-Molybdenum Deposits in the Eastern United States, U.S. Geological Survey).
Pancon’s 100%-owned, 1,962 acre Jefferson Gold Project nearly completely surrounds the 1,000-acre former Brewer Gold Mine property, and both Jefferson and Brewer are located 12 kilometers northeast along trend from the producing Haile Gold Mine, which produced 146,100 ounces of gold in 2019.
Pancon is fully funded for up to 10,000 meters drilling program at Brewer. The Company has completed ~3,300 metres of drilling and has reported on 10 diamond drill holes to date, four of which contain significant gold-copper values.
Work to date has proceed in a systematic, data driven approach using historic and new geologi-cal, geochemical, mineralogical and geophysical data.
Pancon has released results for ten diamond drill holes at Brewer. These have all been vertical holes, many drilled through and under the backfilled pit, so true widths are not known at this point, but taking the core lengths multiplied by the AuEq grades, we get gold factors of gram-metres. Three of the ten holes (holes 4, 5 and 8) have had expectional results of >100 grams-metres. One of the ten holes (Hole 10) had good results and two more holes (Hole 2 and 9) had encouraging results in the 10-25 gram-metre range. This impressive hit ratio for an early-stage project further affirms the geo-logical model of Brewer being an epithermal copper-gold system, with a possible massive porphyry system (multi-million-ounce gold and multi-million-tonne copper potential) at greater depths.
Selected Drill Assays for Phase 1 & 2 Results: • Hole 4 returned 115.6m of 0.91 g/t Au and
0.17% Cu• Hole 5 returned 181.6m of 1.24 g/t Au and
0.27% Cu• Hole 8 returned 106.5 m of 1.07 g/t Au and
0.26% Cu, including (i) 45.23 m of 2.03 g/t Au and 0.52% Cu; (ii) 13.73 m of 3.72 g/t Au and 1.02% Cu and (iii) 8.23m of 5.04 g/t Au and 1.43% Cu
• Hole 9 returned 15.95 m of 1.09 g/t Au and 0.22% Cu
• Hole 10 returned 11.90 m of 2.22 g/t Au and 0.07% Cu
Phase 2 currently underway
Phase 1 & 2 Drill Holes
ABOUT PANCON GOLD CHART
YEAR TO DATE
Price as of Jan 4, 2021: $1,942.00/oz
MONTH OVER MONTH
Price as of August 31, 2021: $1,815.90/oz
COPPER CHART
YEAR TO DATE
Price as of Jan 4, 2021: $7,918.50/t
MONTH OVER MONTH
Price as of August 31, 2021: $9,462.50/tPhase 2 has pending results for Hole 11, 12, 13 and 14, Sonic holes 3, 4, 5 and 6 as well as 104 RAB holes.
There will be another four holes (15-18) before completing Phase 2 drilling. These holes will be guided by Phase 2 RAB results.
TSXV: PUC/ OTCQB: PUCCFTSXV: PUC/ OTCQB: PUCCF
Copyright ©2021 Pancontinental Resources Corporation. All rights reserved. Page 3
August 31, 2021
Pancontinental Resources Corporation (TSXV: PUC; OTCQB: PUCCF) (“Pancon” or the “Company”) reports gold and multielement geochemistry results for two more diamond drill holes in Phase 2 of the Company’s fully funded 10,000-meter (m) maiden drill program at its flagship Brewer Gold & Copper Project (see Table 1). Holes 11 and 12 are vertical holes located to the north and northwest of discovery Holes 4 and 5 and collared outside the northern pit wall of the former mine (see Figure 1). In addition, Pancon reports that preliminary logging of step-out Hole 16, located 350 m north-northwest of the former mine, identified intergrown chalcopyrite-bornite mineralization at about 225 m below surface (see Photo 1).
Highlights: • Hole 11 intersected 25.2 m of 0.96 g/t Au, 0.21% Cu and 1.31 g/t AuEq; including: 5.6 m of 1.73 g/t Au, 0.42% Cu and 2.41 g/t AuEq • Hole 12 intersected 15.5 m of 0.9 g/t Au and 4.57 m of 2.32 g/t Au
Pancon President and CEO Layton Croft stated: “Holes 11 and 12 extend, to the north and west, the gold-copper mineralized zone below the former Brewer mine. This zone now spans 275 m on a north-south axis, with a mineralized hole 50 m to the east and another mineralized hole 50 m to the west (see Figure 2). The bigger picture is getting clearer. Our next phase of drilling will include a grid of holes to expand our understanding of this gold-copper mineralized zone below the former mine, with the objective of defining a maid-en resource in 2022.”
Croft continued: “Mineral zonation is a useful tool for vectoring in exploration, and recent discoveries make this a possibility at Brewer. Previously identified copper minerals associated with gold-copper mineralization at Brewer are from much shallower epithermal miner-alization dominated by chalcocite group minerals and enargite within hydrothermal breccias, but without a chalcopyrite-bornite assem-blage. Our identification of intergrown chalcopyrite-bornite mineralization 350 m north-northwest of the former mine suggests that an originally deeper, higher temperature zone of the Brewer mineralizing system was transported to shallower levels during post-mineral-ization deformation and mountain building. This zonation would suggest an opportunity for vectoring porphyry copper style mineraliza-tion at shallow depths, possibly north of the former mine.”
PANCON INTERSECTS 25 METERS OF 0.96 G/T AU AND 0.2% CU, FURTHER EXTENDING GOLD-COPPER ZONE AT BREWER
Table 1: Gold Assays and Multielement Geochemistry Results for Diamond Holes 11 and 12(see here for Certificates of Analysis and complete results)
Figure 1: Select Phase 1 Hole Locations and
Results, All Phase 2 Hole Locations and Select Gold-Copper Results for Holes 2,
4, 5, 8, 9, 10, 11 and 12
Hole ID Hole Size From (m) To (m) Interval (m) Au (g/t) Cu (%) AuEq* (g/t)
B21C-011 HQ/NQ 72.49 207.48 134.99 0.41 <0.10 -
incl. 166.86 192.10 25.24 0.96 0.21 1.31
incl. 167.93 173.52 5.59 1.73 0.42 2.41
B21C-012 HQ 23.93 28.50 4.57 2.32 <0.10 -
58.50 74.00 15.50 0.90 <0.10 -
208.29 256.00 47.71 0.35 <0.10 -
incl. 251.00 256.00 5.00 0.81 <0.10 -
*AuEq calculated using spot price of Au: $1,790.50/oz and Cu: $4.25/lb
See Quality Assurance and Quality Control Statement below regarding assaying tech-niques. Intervals are core lengths and are not presumed to be true thicknesses.
Figure 2 shows an updated North-South cross section, looking west, of the former Brewer Gold Mine main pit, with gold-copper results for vertical diamond holes 11, 5, 4, 8 and 9, which span 275 m on a north-south axis. Hole 12 is located 50 m west-northwest of hole 11, and thus is not shown in this cross section.
Continue on Page 4
TSXV: PUC/ OTCQB: PUCCFTSXV: PUC/ OTCQB: PUCCF
Copyright ©2021 Pancontinental Resources Corporation. All rights reserved. Page 4
PANCON INTERSECTS 25 METERS OF 0.96 G/T AU AND 0.2% CU, FURTHER EXTENDING GOLD-COPPER ZONE AT BREWER (CONT’D)
Figure 2: North-South Cross Section with Gold-Copper Results for Holes 4, 5, 8, 9 and 11
Photo 1: Hole 16 Core With Chalcopyrite & Bornite Copper Mineralization ~225 M Below Surface
Phase 2 Drilling Update
Pancon’s Phase 2 diamond drill program follows the success of Phase 1 drilling, as reported in the Company’s April 27, 2021 news release, with Hole 5 intersecting 181.6 meters of 1.24 g/t Au and 0.27% Cu (1.67 g/t AuEq) and Hole 4 intersecting 115.6 meters of 0.91 g/t Au and 0.17% Cu (1.18 AuEq). To date, Pancon has completed 17 diamond drill holes at the Brewer Gold & Copper Project over two phases. Phase 3 will commence in September. In September and October the Company expects results for Holes 13-17 as well as results for the 104 rotary air blast (RAB) holes drilled in June (see news release of June 8, 2021).
Quality Assurance and Quality Control Statement, Notes and Assumptions Phase 2 exploration diamond core drilling was HQ and NQ size. The core was logged and marked for sampling and assaying by geologists contracted by Pancon. Samples, typically 1.5 meters in length, were sawn in half using a diamond core saw and one-half of the core was placed in sample bags and tagged with unique sample numbers, while the remaining half was kept in the core box for storage. Each bagged core sample was shipped to SGS Labs in Ontario, Canada, where it was dried, crushed and pulverized to >80% passing -200 mesh. Gold was analyzed by fire assay (30 g) with an AAS (atomic absorption) finish, with a lower detection limit of 0.005 g/t gold. Samples containing greater than 10.0 g/t gold were analyzed by fire assay with a gravimetric finish. Multielement analyses, including base metals and rare earth elements, were analyzed with ICP-MS/ICP-AES (inductively coupled argon plasma mass spectrometry/atomic emission spectroscopy). Strict sampling and QA/QC protocols are followed, and assay integrity is monitored internally with a quality control program including the insertion of standards, blanks, and duplicates in the sample stream on a regular basis.
Gold equivalent values reported in this release were calculated using the following prices: a gold spot price of US$1,790.50/oz and a copper spot price of US$4.25/lb. Gold equivalent values can be calculated using the following formula: AuEq (g/t) = Au (g/t) + k*Cu (g/t); where k = price_Cu(US$/kg)/price_Au(US$/kg). Recoveries of individual elements can not generally be determined based on equivalent values and fluctuating metal prices will change the value of ‘k’ and therefore the gold equivalent values.
Qualified PersonThe 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 Richard “Criss” Capps, PhD, RPG, SME REG GEO, a Qualified Person as defined by NI 43-101. •
TSXV: PUC/ OTCQB: PUCCFTSXV: PUC/ OTCQB: PUCCF
Copyright ©2021 Pancontinental Resources Corporation. All rights reserved. Page 5
August 11, 2021
Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) (“Pancon” or the “Company”) reports results for an additional four sonic drill holes (B21S-003 to B21S-006) and provides analysis for all six sonic drill holes in the reclaimed backfill waste material as part of the Company’s fully funded maiden drill program at its flagship Brewer Gold & Copper Project in South Carolina. The six vertical sonic holes correspond with the top 44-81 meters (m) of diamond drill holes 4, 5, 8, 9, 10 and 13 (for more context see Figure 1 and news releases of June 8, 2021 and July 26, 2021).
Highlights:
• Average 0.35 g/t gold from 488 samples in all six sonic holes covering 348.8 m across all five backfill layers (see Table 1)• Average 0.30 g/t gold from 186 samples collected within the upper heap leach pad backfill layer, the average estimated thickness
of which is 17.6 m (see Table 2 and Figure 2)• Average 0.57 g/t gold from 76 samples collected within the waste rock backfill layer, the average estimated thickness of which is
14.6 m (see Table 2 and Figure 2)• Average 0.26 g/t gold from 195 samples collected within the lower heap leach pad backfill layer, the average estimated thickness
of which is 20.4 m (see Table 2 and Figure 2)• Average 0.90 g/t gold from 22 samples collected from the pit floor-bedrock interface (see Table 2 and Figure 2)
Pancon Reports Results and Analysis for All Six Sonic Drill Holes in Reclaimed Backfill Waste Material at Brewer
Table 1*: Average of All Samples Per Hole for Sonic Holes 1-6
Hole ID Length (m)
# Samples
Total Sample Weight (Kg)
Au (g/t)
Min. Max. Avg.
B20S-001 55.49 121 1927.6 0.055 3.229 0.318
B20S-002 65.85 121 1608.9 <0.025 9.811 0.431
B21S-003 44.51 47 852.8 0.042 0.735 0.237
B21S-004 81.71 92 1762.2 0.026 2.880 0.381
B21S-005 50.61 58 1267.2 0.05 2.260 0.319
B21S-006 50.61 49 817.7 0.026 1.420 0.326
Totals: 348.78 488 823.4 Au (g/t) avg: 0.351
*See Quality Assurance and Quality Control Statement below regarding assaying techniques and calculation methodology for grades and intervals
Pancon President and CEO Layton Croft stated, “These six sonic hole results show strong consistency in gold values – aver-aging 0.35 g/t gold – in the estimated 6.7 million cubic yards of material from the for-mer heap leach pads and waste rock piles reclaimed as backfill into the former mined pits at Brewer. This data corroborates our expectations as the historic Mine Closure Report (see here) contains clear documen-tation that the reclamation work was well engineered in homogeneous layers of material type, thus achieving consistency throughout the backfill (as shown in Figure 2, Figure 3 and Table 3). As a result, we believe it is possible to extrapolate the information obtained from our sonic drill program across the reclaimed pit. Pancon is working closely with our Brewer Project partner Environmental Risk Transfer (ERT) to conduct metallurgical test work on the backfill waste material. This analysis will help Pancon and ERT better understand the potential synergies of monetizing the waste while concurrently de-risking Brewer from an environmental perspective, which is ERT’s role on the Project.”
ERT Managing Director George von Stamwitz stated, “The same way Pancon is conducting exploration at Brewer, ERT is taking a data-driven, systematic ap-proach to environmental due diligence. This means, in part, better understanding the potential of remediating historic waste material rather than capping and perpetual water treatment. We believe that removing the waste tailings at the site may have a material effect on the acid rock drainage at Brewer. We are hoping for a solution that results in waste reduction and not just waste management, thereby providing a greener remedial outcome for all Brewer stakeholders.”
Table 2*: Average of All Sonic Samples with Respect to Backfill Material Type
Backfill Type Average Thickness (m) # Samples Total Sample
Weight (Kg)Average Au
(g/t)
Clay cap 0.54 9 111.3 0.068
HLP_U 17.61 186 3495.5 0.304
Waste 14.59 76 1160.1 0.573
HLP_L 20.35 195 3192.4 0.261
Pit floor 4.93 22 277.1 0.901
Click here for complete Certificates of Analysis for All Phase 1 & 2 Drill Results to Date.
Continue on Page 6
TSXV: PUC/ OTCQB: PUCCFTSXV: PUC/ OTCQB: PUCCF
Copyright ©2021 Pancontinental Resources Corporation. All rights reserved. Page 6
Pancon Reports Results and Analysis for All Six Sonic Drill Holes in Reclaimed Backfill Waste Material at Brewer (cont’d)
Figure 1: Sonic Hole Locations Figure 2: Sonic Hole Downhole Logs
To view the Historic Cross Section of Waste Backdill Schematic of Former Brewer Mine and a Table 3 with Average of all Sonic Samples with Respect to Backfill Material Type per Hole, click here.
Phase 2 Drilling Update
Pancon’s Phase 2 diamond drill program follows the success of Phase 1 drilling, as reported in the Company’s April 27, 2021 news release. To date, Pancon has completed a total of 15 diamond drill holes at the Brewer Gold & Copper Project with another 3 diamond drill holes to be completed before the end of Phase 2. The Company expects results from Holes 11 and 12 in August, and results from Holes 13-18 in September-October. Pancon plans to report in September results and analysis for the 104 rotary air blast (RAB) drill holes drilled in the latter half of June.
Jefferson Gold Project Update
The Company is expanding the size of its 100%-owned Jefferson Gold Project, which nearly completely surrounds the Brewer Gold & Copper Project (see Figure 3). On August 1, the Company commenced a new lease agreement for 383 acres of land, making the total size of the Jefferson Gold Project 1,962 acres.
Figure 4: Updated Jefferson Gold Project Property Map (in blue)
Quality Assurance and Quality Control Statement, Notes and AssumptionsPhase 1 sonic drilling, consisting of B20S-001 and B20S-002, collected samples from a 7” diameter sonic drill hole. Drill intervals were typically 10 feet in length and multiple samples were collected from each interval. Samples were bagged by the drill contractors and tagged with a unique sample number and recorded by Pancon personnel. Each sample was shipped to Minerals Processing Corporation’s (MPC) ISO/IEC 17025 Certified sample prepara-tion and assay laboratory in Carney, Michigan where it was dried, crushed and a one kilogram split was pulverized to >80% passing -200 mesh. Gold was analyzed by fire assay (30 g) with an AA (atomic absorption) finish with a detection limit of 0.025 g/t gold. Samples containing greater than 3.0 g/t gold were analyzed by fire assay with a gravimetric finish. Multielement analyses, including base metals and rare earth elements, were analyzed at ALS with ICP-MS (inductively coupled argon plasma mass spectrometry).
Phase 2 sonic drilling, consisting of B21S-003 through B21S-006, collected samples from a 6” diameter sonic drill hole. Drill intervals were typically 10 feet in length and multiple samples were collected from each interval. Samples were bagged by the drill contractors and tagged with a unique sample number and recorded by Pancon personnel. Each sample was shipped to SGS Labs in Ontario, Canada, where it was dried, crushed and a one kilogram split was pulverized to >80% passing -200 mesh. Gold was analyzed by fire assay (30 g) with an AAS (atomic absorption) finish, with a lower detection limit of 0.005 g/t gold. Samples containing greater than 10.0 g/t gold were analyzed by fire assay with a gravimetric finish. Multielement analyses, including base metals and rare earth elements, were analyzed with ICP-MS/ICP-AES (inductively coupled argon plasma mass spectrometry/atomic emission spectroscopy).
All gold averages reported in this release are arithmetic averages. Estimated sample intervals and average thick-nesses were calculated based on the weight of each sample and its contribution to the total weight of the drilled interval and are considered best estimates. Sample recovery is variable and is a function of the drilling method and the type of backfill material encountered; sample recovery was generally lower in the waste rock layer. Pancon adheres to strict sampling and QA/QC protocols and assay integrity is monitored internally with a quality control program including the insertion of standards, blanks, and duplicates in the sample stream on a regular basis.
Qualified PersonThe technical information in this news release has been prepared in accordance with Canadian regulatory require-ments as set out in NI 43-101 and reviewed and approved by Tom Quigley, MSc, CPG-11962, a Qualified Person as defined by NI 43-101.•
TSXV: PUC/ OTCQB: PUCCFTSXV: PUC/ OTCQB: PUCCF
Copyright ©2021 Pancontinental Resources Corporation. All rights reserved. Page 7
INDUSTRY NEWSPANCON’S LATESTS VIDEOS
Don’t forget to follow Pancon Resources YouTube Channel for new content or simply visit:
www.panconresources/investors/videos/.
An introduction to Brewer Gold & Copper ProjectAugust 19, 2021
Pancontinental Resources (TSXV: PUC/ OTCQB: PUCCF) is focused on exploring for gold and copper at the historic Brewer Mine, located 12km along trend from the producing Haile Gold Mine in South Carolina, USA. A fully funded 10,000 meters drill program is underway, with Phase 1 & 2 drilling intersecting significant gold and copper below the historic pit.
Click on the image, or simply click here to view it.
Drilling Update from Hole 16August 18, 2021
Layton Croft update on the Phase 2 drilling program currently underway at the Brewer Gold and Copper Project.
Click on the image, or simply click here to view it.
Central banks go big on gold buying August 1, 2021
A Breakout Indicator for GoldAugust 2, 2021
Market Report: Anniversary of gold’s $2070 peakAugust 6, 2021
Something Interesting Is Happening In Copper MarketsAugust 8, 2021
30% of your portfolio should be in gold, says Egyptian billionaire Naguib SawirisAugust 10, 2021
Barrick CEO: Gold’s real rally hasn’t even come yet; Mark Bristow on Q2 results, forward guidanceAugust 10, 2021
Closing the Gold Window — Fifty Years OnAugust 16, 2021
Some Wall Street analysts project a price hike in goldAugust 16, 2021
Visualizing global gold production by country in 2020August 17, 2021
Warren Buffett, inflation and the gold priceAugust 17, 2021
Gold as a Risk MitigatorAugust 18, 2021
Do you know all the uses for copper?August 20, 2021
Our Vision for the Gold MarketAugust 20, 2021
Copper price bounces back after hitting six-month lowAugust 20, 2021
Hold gold: insuring your portfolio could prove lucrativeAugust 20, 2021
Copyright ©2021 Pancontinental Resources Corporation. All rights reserved. September 2021
TSXV: PUC/ OTCQB: PUCCFTSXV: PUC/ OTCQB: PUCCF
Disclaimer All information provided in this document is based upon sources that Pancontinental Resources Corporation (“Pancon”) believes to be reliable. Pancon does not guarantee their accuracy or completeness. Any and all statements as of the date of this document are subject to change without notice. All information provided on this document must be understood as information presented for discussion only and not investment advice. Pancon advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on this document or any stocks for that matter. All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy, sell, or hold securities. Pancon expressly disclaims any obligation to update or revise any such forward-looking statements.
THE CAROLINA GOLD TEAM
CONTACT INFORMATION
Website: www.panconresources.com
Twitter: @PanconResources
LinkedIn: @Pancon-Resources
YouTube: @Pancon Resources
Toronto: +1.647.202.0994
South Carolina: +1.843.658.3478
CAPITAL STRUCTURE (As of 09/01/2021)
TSX Venture PUC
OTCQB PUCCF
Market Capitalization $34.65 mm
Share Price $0.14
52-Week Range $0.20 - $0.055
Shares Outstanding 247.50 mm
Warrants 65.0 mm
Options 21.5 mm
Management & Directors* ~14%
Institutions* ~9%
High Net Worth Investors* ~ 32%
* Does not include warrants/options
Layton Croft, MA, President & CEO - Project DirectorExecutive with 27 years of global professional experience, including 18 years in the mining industry. Held executive and advisory roles with Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy. Pancon President & CEO since 2017. Erdene Resource Development (TSX: ERD) independent direc-tor since 2015 and chairman of the board since 2019. BA from UNC-Chapel Hill; MA from School for International Training; MA from Fletcher School of Law and Diplomacy at Tufts University. Based in Charlotte, NC.
Patrick Quigley, MS, Exploration ManagerGeologist with nearly 12 years of professional experience as consulting and project geologist in the US and Latin America, including on a large high-sulphidation epithermal gold project similar to Brewer. BS from University of Minnesota; MS from Colorado School of Mines. Based in Rock Hill, SC.
Criss Capps, PhD, CPG, QP, Senior AdvisorGeologist who co-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 45 years total across North America. Co-discovered 6 gold deposits that became the Castle Mountain Gold Mine in California. Based in Evans, GA.
Laurence (Laurie) Curtis, PhD, Strategic AdvisorGeologist and mining executive who founded the company that discovered and developed the world class Tujuh Bukit gold-copper district in Indonesia, which has many similarities to Brewer. 50 years of global exploration, development and executive leadership experience. Has served as inde-pendent director of multiple exploration and mining companies. Based in Toronto, ON.
Chris Cherrywell, CPG, Technical AdvisorGeologist who discovered the Brewer oxide gold deposit in 1983. More than 10 years of exploration and project development experience in the Brewer-Haile area, and 40 years of global exploration and development experience. Based in Denver, CO.
David Mosher, Interim Chairman and Technical AdvisorGeologist who discovered the world’s largest undeveloped uranium deposit. Former CEO of High River Gold; led multiple gold projects and mines in Canada, West Africa and Russia. 45 years of global exploration and mining experience. Has served as independent director of multiple explora-tion and mining companies. Co-founder and director of Pancon. Based in Halifax, NS.
Philip Corriher, Director and Strategic AdvisorPhilip began investing in historic gold properties in North Carolina after a career in the international crude oil trading business. In 2015, Philip founded Carolina Mining Company in order to consolidate the most prospective historic gold, silver and base metals mines of North Carolina. Carolina Mining Company controls more than 5,000 acres of surface and mineral rights in the Piedmont, about 100 kilometers north of the Brewer Gold Project.
Jen Spohn, Project Data & Administration ManagerSenior manager and geologist with more than 20 years of project data management and GIS/Au-toCAD experience for various engineering, environmental and mining sector projects. 10 years of professional experience leading project support teams for multiple companies and gold exploration programs in the Brewer-Haile area. Based in Pittsboro, NC.
Jeanny So, External Relations ManagerCorporate affairs professional with more than 20 years of experience in the minerals and mining industry in North America and South America. Manages Pancon’s investor relations, marketing and digital media, and external affairs. Based in Toronto, ON.
PUC.V STOCK PERFORMANCE YEAR TO DATE (September 1, 2021)
Price as of January 4, 2021: $0.10
Price as of September 1, 2021: $0.14
