RGN Vol 5 Iss 2

Page 136

136

MINING | Pancontinental Gold Corporation “In light of what we in the company believe is an emerging gold market, we decided to shift the focus and the company changed its name from Pancontinental Uranium to Pancontinental Gold,” Croft recalls. By the summer Pancontinental had struck a deal to buy the project, with Croft joining the company as an advisor and consultant in the autumn. At the time the company was listed on the NEX Exchange one tier down, and quickly raised C$1 million through a nonbrokered private placement that set the ball in motion for the company’s new vision. After being appointed CEO and president in April 2017, Croft oversaw post-drilling activity at Jefferson, which focused on six holes at one target called Anomaly A, along with a significant volume of post-drilling geophysics work. “The rich data set we have goes back to the 1990s when trenching, sampling and shallow RC drilling was conducted on land in the Jefferson project. We did some geophysics work, including in-house proprietary geophysical analysis of our data and other regional data.” After all this analysis, the most striking conclusion made by Pancontinental was the geological similarities to mined zones within the former producing Brewer gold mine adjacent to Jefferson and the very successful Haile gold mine which is in operation just 12km along trend.


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.