Pancontinental Resources Corporation announced that it has completed all field work and has received all data for its 6-square kilometer dipole-dipole induced polarization (IP) geophysical survey, covering most of the 1,000-acre Brewer property and a significant portion of its adjacent Jefferson Project properties, located in Chesterfield County, South Carolina. The IP survey was designed to cover the large alteration footprint exposed across the Brewer and surrounding Jefferson Project properties. The alteration exposed on surface forms a large topographic anomaly, and consists predominantly of quartz with a diagnostic suite of advanced argillic alteration minerals including kaolinite, pyrophyllite, and topaz.

Known gold-copper mineralization at Brewer occurs within this alteration zone and is hosted by a breccia unit that contains several percent sulphides. The IP geophysical method is ideally suited to help map the distribution of these alteration and sulphide zones in the subsurface and will provide important information to Pancon's exploration and discovery model. Integration of the geophysical and geologic information is ongoing, and the Company's interpretation and analysis of the data is expected to be completed in coming weeks.

The IP survey was carried out by Géophysique TMC of Québec, Canada. Survey field work was conducted from May to July 2022, and Pancon received all survey data from TMC in August 2022. A total of 19 lines were surveyed using the dipole-dipole electrode array.

The nominal a spacing between the electrodes was 100 meters and 8 dipoles were read (n = 1 to 8). The north-south oriented lines were 3 to 3.5 kilometers in length and spaced 100 meters apart for a total of 62 line kilometers surveyed.