Pancontinental picked to explore former Brewer gold mine
TSX-V-listed Pancontinental Resources has been selected, through a competitive process, to explore the former Brewer gold mine – an abandoned property that lies about 12 km north-east along trend from the producing Haile gold mine in Carolina, US.
Brewer is surrounded by Pancon's 100%-owned Jefferson gold project.
Pancon CEO Layton Croft said on Wednesday that they were ready to investigate the underexplored project, with the goal of discovering new oxide gold mineralisation and the underlying copper/gold porphyry system by 2021.
Between 1987 and 1995, Brewer produced 178 000 oz of oxide gold from openpits that extended to 50-m depths, where copper- and gold-rich sulphides were exposed but could not be processed by the oxide heap leach processing facility.
“We are thrilled to have been selected to explore what is widely understood by geologists and geophysicists, as well as by the US Geological Survey, to be a former shallow oxide gold mine possibly sitting amidst additional oxide gold mineralisation and atop a high sulphidation gold-copper porphyry system,” said Croft.
Pancon was selected together with Environmental Risk Transfer (ERT) – a company providing environmental risk-transfer solutions to eliminate environmental liabilities. The partners worked together since March last year to win the selection process, led by the Brewer Gold Receiver.
In 1999, the Brewer Gold Company, a UK-owned entity, abandoned the site, leaving the South Carolina Department of Health and Environmental Control (SC DHEC) and the US Environmental Protection Agency (EPA) to handle reclamation activities and address conditions posing environmental risk.
In 2005, Brewer was designated a US EPA Superfund site as per the Comprehensive Environmental Response, Compensations and Liability Act. In 2019, SC DHEC sought the appointment of the Brewer Gold Receiver (a legal construct similar to a trustee) to facilitate the leasing, sale or other use or disposition of the abandoned property, including potential renewal of mineral exploration and mining development.
ERT is also involved at Missouri Cobalt – a former and current US EPA Superfund site now owned and operated by an ERT affiliate.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation