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Pancon announces Montcalm project update in monthly battery metals report

Mining News - Published on Mon, 11 Feb 2019

Image Source: SteelGuru
Pancontinental Resources Corporation announces its monthly battery metals report, which updates its shareholders on the company’s activities as well as trends in the battery sector. The February edition provided an update on Pancon’s Montcalm project in Ontario. The company launched an initial drill program at Montcalm in early January, and Pancon CEO Layton Croft reported that the company is on track to complete 4,000 meters of drilling and receive results from the program in time for PDAC in March. “We spent 2018 repositioning Pancon for the global battery metals bull market we believe is just beginning,” said Croft. “Today our seasoned team has amassed a strong exploration portfolio of nickel-cobalt-copper projects in the world’s safest, best endowed and most prospective mining jurisdiction: Ontario. Our maiden drill program at Montcalm is the result of extensive preparation and geological analyses of historic work and advanced geophysical technology not available to previous operators. We prefer exploring in the shadow of a headframe, and our Montcalm drill program begins exactly that.”

The report also provided additional information on Pancon’s other activities, including the recent option agreement to acquire a 75 percent interest in the 2,280-hectare Strachan nickel-cobalt-copper project near Timmins, Ontario. The acquisition will consolidate Pancon’s position in the Montcalm greenstone belt. Finally, the report also provides investors with information regarding the energy revolution, including insight on electrification and energy storage. The report also provides market analysis on the electric vehicle (EV) market and the nickel market.

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Posted By : Rabi Wangkhem on Mon, 11 Feb 2019
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