Pancon Strengthens Leadership While Advancing Brewer Gold-Copper Exploration in South Carolina

Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) has announced significant organizational reinforcements alongside continued progress on its Brewer Gold & Copper Project in South Carolina. The company’s latest operational update reflects a strategic shift toward data-driven exploration and team building within the minerals industry.

Team Expansion Signals Exploration Momentum

The exploration company has bolstered its leadership structure by appointing mining geologist Laurie Curtis to the Board of Directors. Curtis brings over 50 years of global exploration and development expertise, having founded the company responsible for discovering and developing the Tujuh Bukit gold-copper district in Indonesia—a system bearing striking geological similarities to the Brewer property.

Additionally, Pancon has recruited two seasoned industry advisors to support its technical efforts. David Harquail, a geological engineer with 40+ years of experience including tenure as President & CEO of Franco-Nevada and Chair of the World Gold Council, joins as an Advisor. Mining geologist Keith Laskowski, who spent 17 years with Newmont Exploration and later served as Principal Mining Specialist with the World Bank’s International Finance Corporation, has also joined the advisory team. These appointments underscore Pancon’s commitment to leveraging experienced personnel for accelerated project development.

Strategic Pause in Drilling Operations

Croft, serving as President and CEO, explained the rationale behind temporarily halting drilling activities: “We’re taking a data-driven approach to exploration, utilizing analysis of both historical and new geological, geochemical, mineralogical and geophysical datasets. Lab processing timelines have become significantly extended—currently four to five times slower than pre-pandemic conditions due to labor shortages and supply chain disruptions. As a result, we’ve decided to pause further drilling until we receive results for hundreds of pending samples from Phase 2.”

This operational pause allows the company’s team to focus on processing and analyzing existing information while awaiting laboratory results. Since Phase 2 drilling concluded in late August, the company has been consolidating geological data and conducting comprehensive sample treatment and core documentation.

Geologic Framework Development for Targeted Exploration

During this interim period, Pancon is actively constructing an integrated Geologic Compilation and Discovery Model for the Brewer-Jefferson system. According to Croft, “Exploration results to date indicate that near-surface gold and copper mineralization is associated with a large magmatic-hydrothermal system with potential to host a porphyry-style copper-gold deposit. We possess substantial existing data and are awaiting additional results. Integrated analysis will optimize our drill targeting when Phase 3 commences, which is fully funded and planned for early 2022.”

The Discovery Model is designed to identify the true potential of the Brewer system by mapping critical mineralization environments within the geological framework. This work involves reviewing all available historical and new data from both the Brewer property and surrounding Jefferson project properties, creating a comprehensive exploration foundation that maximizes the efficient allocation of exploration capital.

Environmental Due Diligence and Remediation Planning

Pancon is actively collaborating with Environmental Risk Transfer (ERT) on environmental due diligence for the project. The partnership focuses on studying remediation options for historic acid mine drainage from previous mining operations. Both organizations are conducting metallurgical testing to evaluate recovery potential from backfill waste material and fresh ore. The companies anticipate completing a Brewer Remediation Plan during the first half of 2022.

Ongoing discussions with state and federal government agencies, facilitated by the Brewer Gold Receiver, are determining the regulatory process, timeline and specific deliverables required should Pancon exercise its acquisition option for the Brewer property.

Drilling Progress and Resource Potential

As of October 1, 2021, Pancon has completed over 9,000 meters of drilling using diamond core, rotary air blast (RAB), and sonic methodologies, with secured funding for an additional 3,000+ meters at Brewer. The company has released results for 12.5 diamond core holes, 94 RAB holes, and 6 sonic drill holes, representing 3,644 meters of core from Phases 1 and 2. Results remain pending for Phase 2 diamond holes 13-17 and 104 shallow RAB holes drilled in June 2021.

Value Creation Strategy

Pancon’s exploration advancement focuses on three primary value drivers: rapidly remediating waste material and monetizing gold contained within reclaimed former mining pits; defining and developing a maiden gold-copper resource below and adjacent to the historic mining zones; and leveraging the Geologic Compilation and Discovery Model to identify a large copper-gold porphyry deposit within the broader Brewer-Jefferson system.

The Brewer property, situated in Chesterfield County, South Carolina, lies 12 kilometers along geological trend from the operating Haile Gold Mine. Between 1987-1995, the former Brewer operation produced 178,000 ounces of oxide gold from open pits extending to 65-meter depths, where gold and copper sulphides were encountered but remained unprocessable under the existing oxide heap leach technology. Pancon’s 100%-owned, 1,960-acre Jefferson Gold Project nearly completely surrounds the 1,000-acre Brewer property, offering significant exploration potential within the surrounding Carolina Slate Belt region.

For inquiries: Jeanny So, External Relations Manager, info@panconresources.com, +1.647.202.0994