Carolina Gold - Pancontinental Resources...All statements and expressions of the companies featured...
Transcript of Carolina Gold - Pancontinental Resources...All statements and expressions of the companies featured...
Carolina Gold Carolina Gold
Brewer is the premier brownfields gold-copper target Brewer is the premier brownfields gold-copper target in the eastern USA in the eastern USA
THE THE PUCPUC REPORTREPORT
Copyright ©2020 Pancontinental Resources Corporation. All rights reserved.May 2020
MESSAGE FROM PANCON’S PRESIDENT & CEO
INSIDE PUC REPORTGold & Copper Insights• Month over month and year to date
commodity prices and charts
Industry News• OceanaGold’s South Carolina mine stays
open• In uncertain times, global metals exchange
volumes surge• Mining projects to slow further in Q2 2020• Gold price to surge past $3,000 says Bank
of America• How Much Gold is Gone? Quantifying
COVID-19 Mine Closures• Pandemic puts China metals supply chain
in jeopardy• Best and worst COVID-19 scenarios for
Gold • Gold price could approach all time-high in
2020 • Miners will weather the covid-19 storm• Gold heads for weekly gain despite inves-
tors cashing out• Gold to benefit from quick COVID-19
responses• Extended lockdowns to hit copper produc-
tion• Surging profits seen as no safety net for
winning gold stocks• Scotiabank to close its metals business
+++ MORE INSIDE!
Dear Pancon Shareholders & Followers,
Greetings from the Carolinas! I hope you and your family are staying safe and healthy.
Despite the uncertainty in our world today, with the COVID-19 pandemic and resulting social and economic concerns, I am happy to report that Pancon Resources is in a good position to create shareholder value in the near term.
Pancon’s sole focus is ‘Carolina Gold.’ All of our time, personnel and funding is devoted to discovering new gold-copper mineralization at the former Brewer Gold Mine property on the prolific and underexplored Carolina Slate Belt in South Carolina, USA.
The initial term of our Brewer option agreement has been extended by 6 months, giving us until April 2022 to spend US$2 million on exploration and operating expenses. At that point we can extend the option term another 18 months, to October 2023.
Meantime, we are now processing about 60 samples from historic Brewer drill core using X-Ray Diffraction (XRD) technology in order to produce new data on Brewer mineralogy that will help us further optimize and de-risk our initial diamond drilling work, to com-mence in coming months. Meantime, we plan to conduct several types of geophysical surveys at and around Brewer, to give us even more data for our conceptual modeling and drill planning.
Last week I spent time at Brewer and we released a short video on April 27. We are re-leasing another video today, which we hope you enjoy.
Thank you for your investment and your trust. I wish you and your family continued good health and safety.
Layton CroftPancon President & CEO
Price in US$ per tonne
Gold (Au)
Copper (Cu)
Mar 31, 2020 $1,587.90 $4,797.00
April 30, 2020 $1,687.90 $5,231.00
Change (+/-) $100.00 $434.00
MoM (%) +6.30% +9.05%
Source: The London Metal Exchange* Gold price per ounce/copper price per tonne
May 2020May 2020
The PUC ReportMay 2020
Page 2Copyright ©2020 Pancontinental Resources Corporation. All rights reserved.
GOLD CHART
YEAR TO DATE
Price as of Jan 1, 2020: $1,525.50/oz
MONTH OVER MONTH
Price as of April 30, 2020: $1,687.90/oz
COPPER CHART
YEAR TO DATE
Price as of Jan 1, 2020: $6,165.00/t
MONTH OVER MONTH
Price as of April 30, 2020: $5,231.00/t
Pancon Supporting the Community During COVID-19 Pandemic
Pancon is proud to support the
HELPING HANDS OUTREACH CENTER FOOD BANK
Serving Pageland, Jefferson and Mt. Croghan residents, this charity organization donate food for families in need every Monday from 10 am to 2pm.
HELPING HANDS OUTREACH CEN-TER-FOOD BANK205 W. PIGG ST.PAGELAND, SC 29728
Click here to follow them on Facebook.
Pancon Price Chart YTD
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$0.01
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$0.04
$0.05
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Jan Feb March April
Price as of Jan 2, 2020: $0.02
Price as of April 30, 2020: $0.055
• MoM: +22%• YTD: + 120%
The PUC ReportMay 2020
Page 3Copyright ©2020 Pancontinental Resources Corporation. All rights reserved.
INDUSTRY NEWS
OceanaGold’s South Carolina mine stays openApril 1, 2020
In uncertain times, global metals exchange volumes surgeApril 8, 2020
Mining projects to slow further in Q2 2020April 17, 2020
Gold price to surge past $3,000 says Bank of AmericaApril 21, 2020
How Much Gold is Gone? Quantifying COVID-19 Mine ClosuresApril 22, 2020
Pandemic puts China metals supply chain in jeopardyApril 22, 2020
Best and worst COVID-19 scenarios for Gold April 23, 2020
Gold price could approach all time-high in 2020 April 23, 2020
Miners will weather the covid-19 stormApril 24, 2020
Gold heads for weekly gain despite inves-tors cashing outApril 24, 2020
Gold to benefit from quick COVID-19 responsesApril 27, 2020
Extended lockdowns to hit copper produc-tionApril 27, 2020
Surging profits seen as no safety net for winning gold stocksApril 28, 2020
Scotiabank to close its metals businessApril 28, 2020
PANCON VIDEO SERIES
Pancon has started releasing short, informative (and fun) videos from the Pancon team as we gear up to focus on making a new gold-copper discovery in South Carolina.
Click on the videos below to see them and don’t forget to visit us for updated content at: www.panconresources/investors/videos/.
The Quest for Carolina Gold at the Former Brewer Gold MineApril 14, 2020
Brewer Gold Project Update from Layton CroftApril 27, 2020
Layton Croft & Criss Capps Update from BrewerApril 28, 2020
NEW VIDEO
NEW VIDEO
The PUC ReportMay 2020
Page 4Copyright ©2020 Pancontinental Resources Corporation. All rights reserved.
BOARD OF DIRECTORS
Don Whalen, ChairmanLayton CroftDavid MosherDavid PetroffRick Mark
TECHNICAL ADVISORY COMMITTEE
Laurie Curtis, Chief Technical AdvisorDavid MosherCriss CappsChris Cherrywell
CAPITAL STRUCTURE (As of 04/30/2020)
TSX Venture PUC
OTCBB PUCCF
Market Capitalization $11.8 million
Share Price $0.055
52-Week Range $0.07 - $0.02
Shares Outstanding 215.2 million
Warrants 62.3 million
Options 17.8 million
Cash on Hand ~$2.8mm
Insiders, Friends & Family ~46%
CONTACT INFORMATION
Website: www.panconresources.com
Twitter: @PanconResources
LinkedIn: @Pancon-Resources
Tel: +1.647.202.0994 /+1.980.498.7688
CAROLINA GOLD TEAM
Layton CroftPresident & CEO
Based in Charlotte, NC, an hour from Brewer. More than 15 years of global min-ing industry experience, in senior roles with Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy. Pancon President and CEO since 2017.
Chris Cherrywell, CPGSenior Geologic Advisor
Discovered the Brewer gold deposit in 1983. More than 10 years of exploration and project development experience on the Carolina Gold Belt, including at Haile and Barite Hill. 40 years of global explora-tion and development experience.
Criss Capps, PhD, CPG, QPProject Advisor
Discovered the high-grade Buzzard gold project next to Brewer in 1997. More than 25 years of exploration experience in the Brewer-Haile area, and 40 years total across North America. Co-discovered 6 gold deposits that became the Castle Mountain Gold Mine in California.
Laurence (Laurie) Curtis Chief Technical Advisor
Founded the company that discovered and developed the world class Tujuh Bukit gold-copper district in Indonesia, which has many similarities to Brewer. 45 years of global exploration and executive leader-ship experience.
Disclaimer All information provided in this newsletter is based upon sources that Pancontinental Resources Corporation (“Pancon”) believes to be reliable. Pancon does
not guarantee their accuracy or completeness. Any and all statements as of the date of this newsletter are subject to change without notice. All information
provided on this newsletter must be understood as information presented for discussion only and not investment advice. Pancon advises all readers and
subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on this newsletter or any stocks
for that matter. All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy, sell, or hold securities.
Pancon expressly disclaims any obligation to update or revise any such forward-looking statements.
Qualified PersonThe technical information in this newsletter has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and
approved by Richard “Criss” Capps, PhD, RPG, SME REG. GEO, a Qualified Person as defined by NI 43-101. Certain technical information within this newslet-
ter is historical in nature and pre-dates NI 43-101 standards, this information is believed to be reliable however the Company has not verified this material.
David MosherTechnical Advisor
Led exploration, development and produc-tion at multiple gold projects and mines in Canada, West Africa and Russia. 40 years of global exploration and mining executive leadership experience.
Margaret Venable, PhD, CPGProject Advisor
Has consulted on projects in the South-eastern USA in the past 10 years including Pancon’s Jefferson gold project, next to Brewer, in 2016-17. Has 35 years of global exploration, discovery, feasibility and mine development experience in North Ameri-ca, Latin America and Asia.
STOCK PERFORMANCE YEAR TO DATE (as of April 30, 2020)
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Price as of April 30, 2020: $0.055• MoM: +22%• YTD: + 120%