Pancontinental Resources Corp. is pleased to announce the closing of the first tranche of its previously announced "best efforts" brokered private placement with Red Cloud Securities Inc. and Paradigm Capital Inc. acting as co-lead agents and joint bookrunners. Under the first tranche of the Offering, 15,565,000 units of the Company were sold at a price of C$0.08 per Unit for gross proceeds to the Company of C$1,245,200 [...]
Pancontinental Resources Corp. has entered into an engagement agreement with Red Cloud Securities Inc. and Paradigm Capital Inc. pursuant to which Agents will act as co-lead agents and joint bookrunners to sell up to 37,500,000 units of the Company at a price of C$0.08 per Unit for gross proceeds to the Company of up to C$3,000,000 . Pancon President & CEO, Layton Croft, stated: "Our recently announced no-cost extension [...]
Pancontinental Resources Corp. announces that the Company has agreed with the Brewer Gold Receiver to extend the term of the Brewer Option Agreement through December 31, 2024 on a no-cost basis. Pancon President & CEO Layton Croft stated: "Pancon is grateful to the Receiver and relevant government agencies for granting us more time to explore our flagship Brewer Gold & Copper Project. We now have more than 33 months to [...]
Pancontinental Resources Corp. is excited to report on its recent work updating its geological compilation and discovery model for its flagship Brewer Gold & Copper Project in South Carolina, USA. Gold was first discovered at Brewer in the 1820s, and 178,000 ounces of near-surface oxide gold was produced from 1987-1995. Pancon is the first company to systematically explore for gold-copper below Brewer's shallow oxide zone [...]
Pancontinental Resources Corp. announces it has received the final payment in the amount of $200,000 from Voltage Metals Inc. pursuant to a purchase agreement dated June 20, 2020 as amended March 1, 2021, between the Company and Voltage, whereby the Company granted Voltage an option to acquire 100% of the Company's four mineral projects, St. Laurent, Montcalm, Nova and Gambler, located in Ontario, Canada . The Company [...]
Pancontinental Resources Corp. provides drill results for Phase 2 shallow rotary air blast drill holes, and for Phase 2 diamond core drill holes 16 and 17, at its flagship Brewer Gold & Copper Project in Carolina. All 104 Phase 2 RAB drill holes contain detectable gold and end less than 25 meters below surface. The average gold grade of all 1,437 RAB drill samples is nearly 100 ppb , and 87.5% of all RAB holes contain at [...]
Pancontinental Resources Corp. provides drill results for diamond drill holes 13, 14 and 15 at its flagship Brewer Gold & Copper Project in South Carolina. Highlights Hole 15 intersected 62.4 meters of 1.03 g/t Au and 0.15% Cu, including the previously reported interval of 20.2 meters of 2.25 g/t Au and 0.35% Cu, and 8.50 meters of 3.32 g/t Au and 0.65% Cu Hole 15 intersected an additional 19 meters of 0.31 g/t Au [...]
Pancontinental Resources Corp. provides an update for its flagship Brewer Gold & Copper Project. Highlights Strategic pause in drilling until all Phase 2 results are received and analyzed Actively refreshing Pancon's Geologic Compilation and Discovery Model for the Brewer system Actively engaging Environmental Risk Transfer on due diligence for a Remediation Plan Laurie Curtis has joined the Pancon Board of Directors [...]
Pancontinental Resources is pleased to announce that the company will be presenting at Red Cloud's 2021 Oktoberfest Fall Mining Showcase. We invite our shareholders and all interested parties to join us there. The annual conference will be a virtual event this year and will take place from October 18-20, 2021. Layton Croft, President and CEO will be presenting on October 18th at 9:00am Eastern Daylight time. For more [...]
Pancontinental Resources Corp. reports that, subsequent to June 30, 2021, the Company received approximately $1,056,000 from the exercise of stock options, warrants and the payment of the fourth installment from the pending sale of Pancon's non-core Canadian mineral properties. Highlights Pancon directors, officers and a former director exercised 4,875,000 stock options at an average price of $0.12 for proceeds of [...]
Pancontinental Resources Corp. reports partial gold assay and multielement geochemistry results for diamond drill Hole 15 in Phase 2 of the Company's fully funded 10,000-meter maiden drill program at its flagship Brewer Gold & Copper Project. Hole 15 is a vertical hole located approximately 150 m south of the former Brewer Gold Mine. Pancon requested rush gold and geochemistry analysis of 20.2 m of the total 218.8 m of [...]
Pancontinental Resources Corp. reports gold and multielement geochemistry results for two more diamond drill holes in Phase 2 of the Company's fully funded 10,000-meter maiden drill program at its flagship Brewer Gold & Copper Project . 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 . In addition, Pancon reports [...]
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