Found this on another site.
Here are my notes, impressions, and interpretations from the Thursday's $PUC webinar with Amvest Capital. I wrote this in bit of a hurry, so tends to be longer than I anticipated to write. I encourage everyone interested in PUC to watch the webinar recording, check the facts and do one's own due diligence. For a disclosure, I own shares of PUC. In that regards I'm biased. The webinar was mostly about the wrap up of Phase 1 drill program at the Brewer Gold Project. On Wednesday they finished 2.7 km drilling of 7 holes in South Carolina. Their plan is to drill up to 10 km. The company has three million in the kitty and is fully funded for that. They are excited to get the assays and data to help them to plan the next phases of drilling. Before Phase 1, in 2020, PUC did for example an IP-survey and a shallow RAB drill program in the project area. That data was used to plan Phase 1. The former gold producing Brewer Gold Mine is surrounded by PUC’s former Jefferson Gold Project. They form now a prospective package for gold and copper exploration for PUC. It is a high sulphidation epithermal (HSE) system/target. Porphyries can be associated with HSEs. Decades ago, the area was targeted by U.S. government geos as a potential site for a porphyry deposit. As the previous exploration has shown, the mineralized footprint in the project area is very large. There are not many projects of this size within the Carolina Slate Belt. The ongoing exploration phases attempt to prove up several layers of potential deposit(s). First is to find an answer if there are economic amounts of gold and copper in the back filled pit of the former mine. When the miners - who had targeted oxide gold for their heap leach mine - encountered refractory sulphides they could not extract, that material eventually ended up in the former pit. PUC used a sonic drilling to drill through that. It goes better than core drilling through loose material. They used the drill to do two shallow vertical holes. (See the news release for depths and details.) A second layer or zone of rocks was explored with diamond drill hole. They switched to core drill, when the sonic drill had encountered the bedrock below the former pit. With a core drill PUC drilled much, much deeper holes than the previous operators. (Only few of the several hundred holes drilled by the previous owners went deeper than 200 m.) PUC's geological team knows well the project and the area. They are seeing similar rocks to the rocks that hosted gold in the mine area. PUC also drilled through rocks never before encountered in the project. In addition, they used digital televiewer technology to study the drill holes. It helps the team to orient the drilling. Outside the pit, they drilled a few more core holes. For example hole number 7 was drilled in an area where the government geos once discovered topaz mineralization. This area is a few hundred meters north from the former pit. Hole 7 was finished day before the yesterday and drilled in that area. Topaz is one of the silicate minerals important for the industrial production of mullite. Mullite is used, for example, in ceramics and steel production due to its enduring properties in high temperatures. As CEO Layton Croft so aptly said, their target in that area is gold and copper. They don’t intend to distract from those, but then the Brewer Project has almost everything there is in the periodic table. That is why they are assaying the REEs, in addition to gold and copper. Nice! The ALS labs at Nevada have had much assays to do, and the multi element assays were sent in their Vancouver labs. So PUC did not get yet assays for the news release to announce in the January 2021 webinar. However, they have sent some of the core for the gold assays to a smaller lab in Michigan to speed up the results. I suspect we could get the assay results in several news releases that will add a layer upon layer of information about the assays. As was clarified in the webinar Q&A section, the recent move of price and increase in volume of shares in the exchanges is due to the hard work and marketing the management has done in last three months. Pancon is also active on social media platforms. For example, they have shown the progress of Phase 1 drilling in a series of videos one can watch at the Youtube.