Overview

Two properties: Montcalm and Nova.

Montcalm property highlights include:

  • Pancontinental’s Montcalm property contiguous with Glencore’s former Montcalm mine property, boundary ~1km west of the mined deposits.
  • Former Montcalm Mine comprised of 3 separate lenses (deposits), with a total 3.9mt tonnes of ore mined, grading 1.25% Ni, 0.67% Cu, 0.051% Co (~4mlbs of Co), prior to premature closure due to a ground fall (Ontario Geological Survey, Atkinson, 2011).
  • Covers substantial portion of Montcalm Gabbro Complex, highly prospective for Ni-Cu-Co deposits.
  • Contains numerous near-surface untested geophysical anomalies (developed by previous operators).
  • Potential for deeper zones which may now be detected with modern technology.

Nova property highlights include:

  • Numerous occurrences of low-grade Co values over a wide area.
  • Limited surface sampling by Teck geologist in 1991 returned high-grade sample containing 3,230ppm or ~6.5lbs per tonne Co.
  • Numerous untested airborne EM anomalies identified by a government survey remain untested.
  • Limited historic drilling and surface exploration defined significant sulphide mineralization, not assayed for Co at the time.
  • Given distinct association of cobalt and sulphide, and proximity of holes to known surface cobalt mineralization, a re-evaluation of these zones is warranted.

Pancontinental entered into an option agreement effective January 10, 2018 with 2522962 Ontario Incorporated, to acquire a 100% interest in the Montcalm West Nickel-Copper-Cobalt Project. The Montcalm West Project is located in the Porcupine Mining Division, approximately 65 kilometers northwest of Timmins, Ontario, Canada.

The Montcalm West Project is comprised of two separate properties, the Montcalm and Nova Properties. The Montcalm Property is contiguous and surrounds the western portion of the former Montcalm Mine, which previously mined 3,931,610 tonnes of ore grading 1.25% nickel (Ni), 0.67% copper (Cu), and 0.051% cobalt (Co), and which mined in excess of 4 million pounds of Cobalt (Ontario Geological Survey, Atkinson, 2011). The Nova Property is located approximately 19 kilometers southwest of the mine. The Montcalm Property consists of 16 contiguous mining claims (3,312 hectares) and the Nova Property is made up of 4 contiguous mining claims (672 hectares).

Montcalm Property:

  • Pancontinental’s Montcalm West Project covers 3,984 hectares. The property is contiguous and surrounds the western portion of the former producing Ni-Cu-Co Montcalm Mine. The gabbro-hosted Montcalm Mine and the surrounding Montcalm Gabbro Complex host geology which bears a distinct geological resemblance to other known gabbro-hosted Ni-Cu-Co deposits and former mines in Canada. This suggests excellent potential for new discoveries.
  • The current Pancontinental boundary is approximately 1 kilometer west of the former Montcalm Mine. On Pancontinental’s land holdings, historical drilling intersected zones of anomalous nickel and copper mineralization. Previous owners left numerous near-surface, high priority, untested geophysical electromagnetic conductors.

Nova Property:

  • The main highlight of the Nova Property is the presence of numerous highly anomalous historical cobalt samples associated with sulphide mineralization in surface outcrops. Of particular interest is a historical occurrence which returned 6.46 pounds of cobalt per tonne (3,230 ppm Co) in a single surface rock sample taken by a Teck Corporation geologist in 1991. This sample is a selected sample and it not necessarily representative of the mineralization hosted on the property.
  • Past operators on this property also detected substantial sulphide mineralization in surface trenches and limited drilling of geophysical targets. There is no record of sampling of the sulphide occurrences for nickel, copper or cobalt in drill holes.

Government airborne geophysical surveys have outlined numerous untested electromagnetic anomalies in association with strong magnetic responses across the property. These targets require further evaluation for their cobalt-nickel-copper potential, as they represent excellent targets in proximity to surface cobalt mineralization.

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Nova Property Sulphide Zone Sampling - Kevin Filo

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Sheared Brecciated Montcalm Gabbro Complex