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Pancontinental Gold Corp.
Summary
| Project: | Jefferson | |
|---|---|---|
| Deposit: | Jefferson | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 4/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-4-2017: Pancontinental Gold Corp. announces an Exploration/Drilling Update report for its Jefferson deposit at the Jefferson project. Drilling results incl. 22.9m @ 1.3g/t Au from 100.6m. Pancontinental Gold Corporation (TSX-V: PUC) (“Pancon Gold,” “Pan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dennis LaPoint (Internal) | |
| ABSTRACT: | Pancontinental Gold Corporation (TSX-V: PUC) (“Pancon Gold,” “Pancon” or the “Company”) is pleased to report positive gold assay results from the initial stage of drilling at its 100%-owned Jefferson Gold Project (“Jefferson Project”) in South Carolina, USA. A total of six holes (JEF-104 to JEF-109) and 912 meters were drilled between November 2016 and March 2017, using a single shift during daylight hours. The drill program is managed by Palmetto Mining Corporation, Pancon’s wholly owned subsidiary. Pancon Gold President and CEO Rick Mark stated: “These results have achieved our first milestone, which is to demonstrate that our flagship Jefferson Project’s first gold system is substantial in terms of its width. Our team is beginning to understand this system so that it can be vectored. We are encouraged by the initial drill program, and now have valuable data and informed analysis to guide our next stage of exploration at Jefferson, as well as acquisition of new targets elsewhere in this historically gold rich and underexplored Carolina Gold Belt.” Pancon Gold believes our initial stage of drilling at our Jefferson Project has been quite positive for grades and thickness of gold, especially in the fifth and sixth holes (JEF-108 and JEF-109), which were drilled in a new orientation. Initial results are from the Anomaly A target, where the Company has focused on defining controls on mineralization and understanding the trend of mineralization in a poorly exposed gold system partially covered by sand. | |
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