Led by its highly experienced and accomplished team, Pancontinental Gold Corporation (TSX-V:PUC) (“Pancon Gold”) is a Canadian junior gold exploration company building a formidable presence in the southeastern United States. Pancon Gold is actively drilling its flagship Jefferson Gold Project, and pursuing strategic expansion of its land holdings in the region. The diverse mineralization styles associated with anomalous gold values on the Carolina Mineral Trend and the Jefferson Gold Project suggest the potential for multiple targets that could host multi-million ounce gold deposits.
Our current priority is to establish an initial gold resource at the advanced stage, high potential Jefferson Gold Project. Pancon Gold has 100% ownership of the Jefferson Gold Project through Palmetto Mining Corporation, Pancon Gold’s wholly-owned, South Carolina-incorporated subsidiary.
The Jefferson Gold Project is approximately six miles northeast from the Haile gold mine owned by OceanaGold (TSX:OCG). The Jefferson Gold Project, like the Haile and former Ridgeway and Brewer gold mines, is located within the historically gold-rich Carolina Mineral Trend across the southeastern United States.
The first gold rush in the United States was in the Carolinas region in the early 1800s, well before the California gold rush. Since then, the Carolina Mineral Trend region has hosted multiple historic gold mines and new gold discoveries in recent years. The facts that the current Haile gold mine has defined more than 4 million ounces of gold and counting, and that the former Ridgeway gold mine produced more than 1.5 million ounces of gold, demonstrate the economic potential along the Carolina Mineral Trend.
The geology along the Carolina Mineral Trend is complicated and hosts a multitude of mineralization styles. Pancon Gold sees significant upside potential at our Jefferson Gold Project. Our team’s approach is to take a comprehensive, regional approach to historic data compilation and strategic exploration. We are developing a deep understanding of the mineralization styles at and around the Haile, Ridgeway and Brewer gold mines to better understand the geology and economic controls. The Pancon Gold team has the expertise to capitalize on the potential of the Carolina Mineral Trend.