Croft on why Pancon is outperforming the market
“I think the reason Pancon is performing well is really a function of the quality of the people that we have and the quality of the projects that we have. We are focused on exploring for nickel, cobalt and copper in Ontario. We have four projects. Three of them make a camp size position covering almost 14,000 hectares west of Timmins in northern Ontario.” States Layton Croft, President, CEO and Director of Pancontinental Resources Corporation (TSXV: PUC), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.
Tracy Weslosky: Let’s just hit the ground running here. First of all, your website is incredible and number of venture capitalists that we both share in common are big fans of yours. I want to draw attention of the InvestorIntel audience that the TSX Venture is down 16% year-to-date and you guys did a newsletter on your site where you looked at battery metals and the battery metal explorers were down approximately 24% year-to-date but you guys were up 62% so let’s start there.
Layton Croft: That is correct Tracy. Its good to see you again. We are now producing a monthly newsletter, the Battery Metals Report, that you referred to. I think the reason Pancon is performing well is really a function of the quality of the people that we have and the quality of the projects that we have. We are focused on exploring for nickel, cobalt and copper in Ontario. We have four projects. Three of them make a camp size position covering almost 14,000 hectares west of Timmins in northern Ontario.
Tracy Weslosky: Layton, I applaud you. You know, core team relationships, we agree, that’s the formula for success. But also, you are putting out news releases and achieving benchmarks regularly and you recently announced exploration activity on your Timmins area project. Can you tell us a little bit more about this, the Montcalm project please?
Layton Croft: That’s right Tracy. The Montcalm project is where we are putting a lot of our focus these days. It covers almost 4,000 hectares and it surrounds the former Montcalm mine which is owned by Glencore. It was discovered in the 1970s by the Tech Corporation. The Montcalm mine produced in the early 2000s almost 4 million tons of nickel, cobalt and copper grading at 1.25% nickel and about a pound per ton of cobalt. Our land surrounds the former Montcalm mine and in the past few months we have been conducting state of the art airborne electromagnetic survey and gravity survey. We also have historic UTEM ground electromagnetic survey data. So as a result, we have put together, we have identified about 27 targets of interest. We are going to refine this over the coming weeks and in January we are going to start our maiden drill program at the Montcalm project…to access the complete interview, click here
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Raj Shah has been a member of the InvestorIntel.com team for the last nearly 9 years. Recruited from Merrill Lynch, he has over 13 years’ ... <Read more about Raj Shah>