Impact: Positive
Pancontinental provided drilling results from its Phase 2 RAB (104 holes) and Phase 2 diamond drilling (two holes) program completed at its flagship Brewer Au-Cu project in South Carolina. We view these results positively as RAB drilling has shown a halo of near-surface Au mineralization around the former mine and an apparent extension of Au mineralization to the west, providing priority targets for Phase 3 drilling in 2022. With continued exploration and drilling programs, we see increasing potential for the discovery of new gold zones at the Brewer mine and the surrounding Jefferson land package, both in a brecciated upper zone and a deeper lower mineralized zone.
