GOLD & BATTERY METALS - EXPLORING FOR Q2-2019 - AWS
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EXPLORING FOR
GOLD & BATTERY METALS
IN PROVEN NORTH AMERICAN MINING DISTRICTS
Q2-2019
PANCON Disclaimer
This Presentation is not an offer to buy or sell the securities referenced herein, nor has the Securities and Exchange Commission or any state, provincial or territorial regulatory
authority determined if this Presentation is truthful or complete. Any representation to the contrary is a criminal offense.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the
applicable securities laws of any state of the United States and may be offered and sold in the United States only in reliance upon an exemption from the registration
requirements of the U.S. Securities Act and in accordance with any applicable securities laws of any state of the United States.
Each prospective investor must rely on his or her own examination of Pancontinental Resources Corporation (“Pancon”) and the terms of the offering, including the merits and
risks involved in making an investment decision with respect to the securities. The Company makes no representation or warranty, express or implied, and assume no
responsibility for the accuracy, reliability or completeness of the information contained in this Presentation.
Forward – Looking Statements
This Presentation includes “forward looking statements”, within the meaning of applicable securities legislation, which are based on the opinions and estimates of management
and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking
statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”,
“expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar words suggesting future outcomes or
statements regarding an outlook. Such risks and uncertainties include, but are not limited to, risks associated with the mining industry (including operational risks in exploration
development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainties involved in the
discovery and delineation of mineral deposits, resources or reserves; the uncertainty of resource and reserve estimates and the ability to economically exploit resources and
reserves; the uncertainty of estimates and projections in relation to production, costs and expenses; the uncertainty surrounding the ability of Pancon to obtain all permits,
consents or authorizations required for its operations and activities; and health and safety and environmental risks), the risk of commodity price and foreign exchange rate
fluctuations, the ability of Pancon to fund the capital and operating expenses necessary to achieve the business objectives of Pancon, the uncertainty associated with
commercial negotiations and negotiating with foreign governments and risks associated with international business activities, as well as those risks described in public
disclosure documents filed by Pancon. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in securities of Pancon
should not place undue reliance on these forward-looking statements.
Readers are cautioned that the foregoing lists of risks, uncertainties and other factors are not exhaustive. The forward-looking statements contained in this Presentation are
made as of the date hereof and the Pancon undertakes no obligation to update publicly or revise any forward-looking statements contained in this Presentation or in any other
documents filed with Canadian securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable
securities laws. The forward-looking statements contained in this Presentation are expressly qualified by this cautionary statement.
Historical Results
This Presentation contains past mineral exploration results. Pancon has not yet completed the work necessary to verify those past exploration results and the results should
not be relied upon. In addition, this Presentation contains information with respect to adjacent mineral properties obtained through public ally available documents. Such
information has not been independently verified by Pancon and is not necessarily indicative of the mineralization on Pancon’s projects. The technical and scientific information
in this Presentation has been reviewed and approved by Todd Keast, P. Geo., a Qualified Person under National Instrument 43-101 of the Canadian Securities Administrations.
Q2-2019 TSXV: PUC 2
PANCON Highlights
Pancon’s vision is to be a leading North American gold and battery metals explorer and developer.
Pancon’s mission is generating value through responsible exploration, focusing on
people, commodity, geology, location, and timing.
04
LOCATION
All 6 projects next TIMING
05
to or near
producing or Gold has bottomed and
former mines in poised for strong bull
02 safe and market run
COMMODITY
03 geologically
abundant Growth demand for
electric vehicles, and
GEOLOGY jurisdictions
Exploring for gold and Surrounding a high sulphidation Au batteries of all sizes and
PEOPLE
Management team with track
01 battery metals to power a
clean energy economy:
atop Cu porphyry system on the
prolific Carolina Gold Belt
types, is set to soar to
drive the new energy
economy
Au-Ni-Cu-Co
record of discovery, development
5 gabbro-hosted Ni-Cu-Co sulphide
and value creation
projects with Au + PGE potential
Q2-2019 TSXV: PUC 3
LEADERSHIP Team & CAPITAL Structure
Layton Croft - President & CEO: More than 25 years of leadership and management experience in North America, Asia, Europe, BOARD OF DIRECTORS TSX Venture PUC
Africa and Latin America, including executive and advisory roles with Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy.
Donald Whalen (Chair)
Director of Erdene Resource Development (TSX: ERD) since 2015. Shares Outstanding: 165,479,290
Layton Croft
Todd Keast, P.Geo. – Northern Ontario Project Manager: Exploration and project geologist with 30 years of experience in a diverse
Rick Mark Share Price (as of May 31, 2019): $0.045
field of commodities. Has led and advanced projects from grassroots target generation and evaluation through to deposit discovery,
delineation, environmental permitting and PEA. David Mosher 52 Week High/Low: $0.09/$0.02
Kevin Filo, P.Geo. – Northern Ontario Project Advisor: Exploration geologist, mining geologist and project generator with nearly 40 David Petroff 100-Day Average Volume: 185,000
years of experience, including 30 years in the Abitibi Greenstone Belt, Ontario. Former VP Exploration for team which acquired the
Detour Gold Mine from Placer Dome, now one of the largest gold mines in Canada.
Options: 13,600,000
NORTHERN ONTARIO Warrants: 25,128,218
Margaret Venable, PHD, CPG, QP - South Carolina Project Senior Geologist: Specializing in property evaluation and three
TECHNICAL ADVISORY
dimensional analyses and integration of data sets in order to enhance understanding of mineralization and plan future work, Fully Diluted: 204,207,508
Margaret has 35+ years of experience, from early exploration to mine feasibility. Originally from North Carolina, she has been COMMITTEE
studying the geology and geophysics of the Brewer-Jefferson area since 2016. David Mosher (Chair) Insider Ownership: 35%
Richard ”Criss” Capps, PhD, CPG, QP – South Carolina Project Geologist: 40+ years of experience in minerals exploration and Kevin Filo, P.Geo. Cash on Hand (as April 30, 2019): $700,000.00
economic geology. Mr. Capps was part of the team that discovered six gold deposits that became the Castle Mountain Gold Mine in Todd Keast, P.Geo.
California. Originally from North Carolina, Mr. Capps has been working in the Brewer-Jefferson area since 2016.
Christopher Cherrywell, CPG, QP – South Carolina Geologist: : 40+ years of experience, from early exploration to mine feasibility
and spent over a decade on the Carolina Gold Belt, including working at Brewer, Haile and Barite Hill in South Carolina. Chris was SOUTH CAROLINA
the lead geologist responsible for discovering the Brewer Gold Mine in 1983-84 and has also provided engineering solutions to TECHNICAL ADVISORY
support project economics and local socio-economic benefits to the mine. COMMITTEE
David Mosher (Chair)
Mark McMurdie - CFO: Chartered Professional Accountant with more than 30 years of senior leadership experience in public and
private companies. Currently serving as CFO for Roscan Minerals (TSXV: ROS), as well as Director of Finance for franchisor H&S Christopher Cherrywell
Massage Spa Canada.
Margaret Veneable
Jeanny So - External Relations Manager: More than 15 years of investor relations, corporate development, communications and Richard “Criss” Capps
communities experience in the mining sector. She is a consultant to Purepoint Uranium Group (TSXV: PTU) and a member of
Prospector and Developers Association of Canada (PDAC) and Women In Mining.
Q2-2019 TSXV: PUC 4
SOUTH CAROLINA
Jefferson Gold Project strategically located on the Carolina Slate Belt
• The Carolina Slate Belt is a gold-rich strip that runs from Virginia, south through both North and
South Carolina and ends up in Georgia
• Although most people knew of gold in the US as a result of the California Gold rush, the first gold
discovery in the United States was in North Carolina within the Carolina Slate Belt
• Gold was first discovered in the United States in 1799 in the Little Meadow Creek in Cabarrus
County, North Carolina
• Most of the experienced gold miners who moved to California, during the California Gold
rush had honed their skills mining areas along the Carolina Slate belt
• Following the first discovery, several other discoveries were made on the Carolina slate belt and
thus developed several gold mines
• Strategically located in the Carolina Slate Belt, the Jefferson Gold Project is on the northeastern
edge of two former gold mines - Brewer and Ridgeway gold mines and 15 km from OceanaGold's
producing Haile mine
Q2-2019 TSXV: PUC 5
SOUTH CAROLINA PROJECT
JEFFERSON Gold Project, USA
100% owned project in the prolific Carolina Gold Belt
• The Jefferson Gold Project surrounds the former Brewer Gold Mine and is 15km on trend from OceanaGold’s
producing Haile Gold Mine and 50 miles along trend southwest
• The former Brewer gold mine produced 187k oz Au from 1985-93 and has been an EPA Superfund site controlled
by the federal and state governments for 25 years
• The government plans to put Brewer back into private hands in 2019
• Jefferson Gold Project surrounds Brewer
• Haile Gold Mine, first discovered in 1827 and currently owned and operated by OceanaGold (TSX:OCG), is an open
pit operation with a multi-million ounce resource and the potential for an expansion phase to an underground
mine
• OceanaGold bought Haile from Romarco Minerals in 1996 for US$600 million, and then spent another
$380 million to build the mine which began producing in 2018
• The former Ridgeway gold mine, located 35 miles south-southwest of the Jefferson Gold Project, was a 15,000-
tonnes per day open pit operated by Kennecott Minerals from 1988-1999
• Pathway conduits of mineralization discovered at Jefferson mimic the same initial exploration successes at Haile
• In 2011, previous Jefferson Project operators drilled four holes, all encountering gold mineralization,
including 83.5m at 1.71g/t
Q2-2019 TSXV: PUC 6
NORTHERN ONTARIO
An emerging battery metals district
Camp-sized land position in low-risk area with excellent infrastructure and strong social license to operate.
01 MONTCALM PROJECT (Option to own up to 100%)
Ni-Cu-Co project in Montcalm Gabbro Complex, adjacent to Glencore’s
former Montcalm Mine, 65 km NW of Timmins
02 ST. LAURENT PROJECT (Option to own up to 100%)
Contains an advanced exploration target hosting a prominent 600-metre
long EM anomaly associated with Ni-Cu-Co-Au-Pt-Pd mineralization
03 GAMBLER PROJECT (100% owned)
Ni-Cu-Co camp-sized project, in Montcalm Gabbro Complex, adjacent to
Glencore’s former Montcalm Mine
04 NOVA PROJECT (Option to own up to 100%)
Au-Cu-Co project with preliminary surface exploration results, 19 km SW of
former Montcalm Mine
05 STRACHAN PROJECT (Option to own up to 75%)
Ni-Cu-Co project in Strachan Gabbro Complex, 15 km S of former Montcalm Mine
Q2-2019 TSXV: PUC 7
Selected Samples from the
MONTCALM Mine Montcalm Deposit
Source: C.T Barrie/A.J. Naldrett
(Department of Geology, University of Toronto)
The former Montcalm Mine, currently owned by Glencore, was discovered and Ni % Co % Cu %
developed based on a single airborne electromagnetic anomaly identified in 1.98 0.08 0.43
the 1970s 2.60 0.15 1.08
1.73 0.07 0.21
1.36 0.05 0.24
3.58 0.21 0.51
2.49 0.17 1.06
2.09 0.16 1.44
2.45 0.10 1.51
2.72 0.14 0.66
2.61 0.18 1.20
3.19 0.19 0.98
3.85 0.24 0.20
2.60 0.21 0.44
• Mine produced 3,931,610 tonnes of ore grading 1.25% 1.77 0.06 0.52
nickel (Ni), 0.67% copper (Cu), and 0.051% cobalt (Co),
producing in excess of 4 million pounds of Co (Ontario 4.30 0.20 0.41
Geological Survey, Atkinson, 2011) 3.73 0.17 0.59
1.82 0.11 1.88
• West & East Zones approximately 200 metres long and up 2.69 0.11 0.50
to 25 metres thick
2.51 0.12 1.45
• Sulfide zones indicated to continue to a depth of at least
Source: M.BLECHA, Teck Corporation, H. 1.54 0.30 1.33
THALENHORST, Metallgesellschaft Ltd., and
300 metres, and remain open A.KOMURA, Dowa Mining Co 4.70 0.19 0.22
Q2-2019 TSXV: PUC 8
MONTCALM Mine
DISCOVERY GEOPHYSICAL SIGNATURE
59.28 metres
1.35% Ni & 0.49% Cu over 33.44m
0.38% Ni & 0.26% Cu over 40.9m
119.18 metres
Diamond drill hole EE-1 was collared on September 12, 1976
Q2-2019 TSXV: PUC 9
HIGHLIGHTS
MONTCALM PROJECT
The Montcalm Project covers 3,780 hectares (37.8 square kilometres) and is next to Glencore’s former
Montcalm Mine
• Ni-Co-Cu project contiguous to and surrounding the former Montcalm Mine, with both hosted by Gabbro
Complex
Ni-Co-Cu
• A 4,500-metre diamond drilling program completed in early 2019
• Pancon is currently conducting IP surveys and a geophysical reinterpretation on the newly discovered Hook zone
in anticipation of follow-up drilling in the coming winter
Q2-2019 TSXV: PUC 10MAIDEN Drill Program
MONTCALM PROJECT
Tested Airborne VTEM geophysical anomalies identified in 2018 and identifies target area for further
evaluation
• The Ontario Ministry of Northern Development and Mines' (MNDM) 1990 GEOTEM
Survey (Map 81360) identified 11 EM anomalies in the area covered by the combined
land positions controlled by Pancon (Montcalm Project) and Glencore (Montcalm
Ni-Co-Cu
Mine)
• The former Montcalm Mine is coincidental with 3 of those 11 EM anomalies
• 6 of the 11 EM anomalies from the MNDM Survey are associated with a complex
magnetic feature called the Hook zone.
• These 6 anomalies are proximal to each other and form two east-west
oriented trends which follow the magnetic pattern
• The magnetic pattern in the Hook zone has a curved hook shape indicating local
change in strike direction
• This change in strike direction posed a problem for the VTEM line orientation,
and thus Pancon's subsequent drilling orientation. This would explain why
Pancon's 2 holes in the Hook zone did not intersect mineralization
• Pancon's 2 strongest VTEM anomalies are both located in the Hook zone
• They were not explained by drilling, remain viable targets and are the subject
of ongoing reinterpretation
Q2-2019 TSXV: PUC 11HIGHLIGHTS
ST. LAURENT PROJECT
The St. Laurent Project covers 4,200 hectares (42 square kilometres) in an active mining region with ongoing
exploration programs and sustained Ni-Cu exploration projects
N i - C u - C o - A u - P t- Pd
• 20km SW of Hecla Mining’s Casa Berardi Au-Ag Mine
• The mine has produced approximately 1.9 million recovered gold
ounces since commencing production in 1988, including about
931,244 recovered ounces since production recommenced in
November 2006
• 50km South of Detour Lake Gold Mine
• Commenced gold production in 2013 with a LoM of ~ 22yrs with
an avg annual production of 659,000 oz Au
• 100km SW of Balmoral’s Grasset Ni – Cu – Co – PGE Deposit
• Indicated Resource Estimate (2016) – 3.5 million tonnes @
1.56% Ni, 0.17% Cu, 0.03% Co, 0.34 g/t Pt and 0.84 g/t Pd;
• Recent expansion drilling on the deposit has successfully
expanded the deposit and set the stage for additional expansion
work planned for 2019
Q2-2019 TSXV: PUC 12SIGNIFICANT EM-Anomaly
ST. LAURENT PROJECT
Robust 600-metre long EM anomaly with associated Ni-Cu-Co-Au-Pt- Pd Mineralization trending towards a large
gabbro-hosted magnetic feature
N i - C u - C o - A u - P t- Pd
• Ni-Cu-Co sulphide deposits may consist of massive, semi-massive and
net-textured lenses with disseminated halos
• Such halos are good exploration vectors to target find massive sulphides
• The strong airborne EM anomaly is a conductive feature that is
positioned with the non-conductive disseminated mineralization
• The sulphur content from the assayed Eastmain mineralized zones are
relatively low, which is expected in accordance with disseminated
sulphides
• Projected to massive sulphides of approximately 35% S*, St. Laurent’s Ni
grade could potentially be 4.8% and the Co grade could potentially be 0.2%
• These are comparable massive sulphide grades found at the former
Montcalm Mine
* Calculating Ni and Co tenor to 100% sulphide is a common practice in Ni-Cu-Co exploration to
determine potential economic possibilities of nickel sulphide mineralization.
Q2-2019 TSXV: PUC 13DEFINED Drill Targets
ST. LAURENT PROJECT
Mineralized zones have an associated geochemical anomaly, providing cost-effective exploration tool in
additional drilling
N i - C u - C o - A u - P t- Pd
• Mineralized zone defined by 3 shallow drill 1966 S. Gray, in association with Asarco Exploration
holes (open along strike and at depth) Source: Ministry of Northern Development and Mines assessment report 32E05SE0004
DDH# Width (m) Ni % Cu%
PA-1 2.7 0.78 0.23
PA-5 19.3 0.36 0.33
PPA-7 26.5 0.16 0.23
2008 Eastmain & Falconbridge Drilling (604 m)
Source: Ministry of Northern Development and Mines assessment report 20006295
DDH From To Width Ni Cu Co AU-Pt-Pd
# (m) (m) (m) % % (ppm) (ppb)
57.4 64.5 7.1 0.14 0.22 95 104
SL-08-01 71.9 82.4 10.5 0.14 0.15 92 78
93.9 112.4 18.5 0.18 0.12 143 60
65.2 81.1 15.9 0.27 0.23 149 85
SL-08-02 85.4 90.9 5.5 0.51 0.31 290 70
94.2 104.2 10.0 0.34 0.34 191 145
SL-08-03 157.1 187.1 30.0 0.25 0.20 145 92
Q2-2019 TSXV: PUC 14HIGHLIGHTS
Nova is an early stage Au-Cu-Co exploration project covering 2,080 hectares (20.8 km2 ) 19 km southwest of
Glencore’s former Montcalm Mine
NOVA PROJECT
A u - C u - CO
• Regionally, the Nova Project covers a portion of the eastern boundary
of a major regional structure known as the Kapuskasing High
• Numerous surface occurrences of Co values as well as Cu and Au
• Limited surface sampling by Teck geologist returned high-grade Co
sample (1991) containing 3,230 ppm or ~6.5 lb/t Co
• Government survey identified numerous airborne geophysical
anomalies that remain untested
Q2-2019 TSXV: PUC 15GEOLOGICAL ANALYSIS
TO DATE
NOVA PROJECT
• Anomalous mobile metal ion (MMI) Cu responses correspond to a limited extent with elevated MMI Au responses
Au-Cu-Co
• Weak anomalous Au and Zn values also identified in bedrock occurrences in felsic-hosted rocks proximal to MMI Au and
Cu soil anomalies
• Suggests potential for polymetallic volcanogenic massive sulphide deposition
• All targets associated with bullseye anomaly located within a broad, complex, folded magnetic anomaly stretching across
entire property
• Magnetic anomalies are a series of bullseye targets with coincident untested EM anomalies
Q2-2019 TSXV: PUC 16HIGHLIGHTS
GAMBLER PROJECT
Camp-size property surrounding the Montcalm Project and adjacent to Glencore’s former Montcalm Mine
• 7,620 hectares (76.2 km2) covering significant portion of
Ni-Co-Cu
Montcalm Gabbro Complex and a continuation of
Montcalm Project geology
• Airborne geophysical surveys and analysis will prioritize
target areas of interest
• Geophysical results to be incorporated into ongoing
interpretation and compilation with neighboring Montcalm
Project
Q2-2019 TSXV: PUC 17HIGHLIGHTS
STRACHAN PROJECT
Strachan covers 2,280 hectares (22.8 km2) of the Strachan Gabbro Complex south of Glencore’s
former Montcalm Mine
• Pancon’s fourth early stage Ni-Co-Cu exploration project in
Ni-Co-Cu
the emerging Montcalm battery metals district
• Underexplored gabbro 15km south of Montcalm Mine
• 2 MMI geochemical soil anomalies
• 1 explained EM anomaly, coincident with one of the MMI
geochemical anomalies
Q2-2019 TSXV: PUC 18WHY Pancon Now?
All 6 projects near to Management
Poised for discoveries as we producing or former mines in team with track
embark in a clean energy safe and geologically record of asset
economy abundant jurisdictions in discovery, project
North America development and
value creation
As a leading global producer of gold, nickel, copper and cobalt, Because copper is a highly efficient conductor of electricity and
North America is primed to respond to the growing demand for heat, it is used in renewable energy systems to generate power
commodities required in clean energy technologies from solar, hydro, thermal and wind energy across the world
Nano technology may impact demand for gold Innovation trends in advanced battery technology Cobalt, primarily mined as a by-product of nickel
in the mid-to long term as gold’s role is growing require significantly more nickel content in and copper, is important as a key input for
in solar energy technologies today’s batteries rechargeable batteries, and thus electric vehicles
Q2-2019 TSXV: PUC 19EXPLORING FOR
GOLD & BATTERY METALS
IN PROVEN NORTH AMERICAN MINING DISTRICTS
www.panconresources.com
Twitter: @PanconResources
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