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Message: PUC Maiden Drill Program

Early data from the company has partial results for 3 of 7 drill holes, the best being 181m of 1.2 g gold in Hole 5 and over 100m of 0.9 gold in Hole 4. Still lots of results to come from all holes as only partial results from 4 and 5 out.

Interesting that in Q1 Presentation PUC compares the Brewer site to 2 existing major deposits; Timok Au, Cu in Serbia and Tujuh Bukit Au, Cu in Indonesia, both deposits have oxide Au & Cu near surface and high sulphidization Au and Cu at depth. To date PUC has only reported on the oxide mineralized zone although in an earlier report, Aug 11, 2020 they write "historic drill results and mining operations at Brewer focused on near-surface, high-grade gold mineralization and not on the disseminated and massive sulphide mineralization at depth which was encountered in deeper holes". At Timok the resource includes; 1.8 M oz gold and 0.9Mt copper near surface plus 9.6 M oz gold and 14Mt copper at depth. The copper/gold at Tujuh Bukit is much lower but still economic.

The high sulphidization zone at Timok is some 700 to 900 m where copper grades range up to a few percent below surface, looking forward, the reported massive sulphides at Brewer could be somewhere in the 500 to 600 m below grade zone as the reported earlier drill holes didn't get much below this point. The geophysical report adds some data to the possibility of sulphides at depth as high chargable values were reported on the line through the existing pit [holes 2,4 and 5] and south of the pit [hole 6] also on the western and southwestern side [holes 1,3] of the pit.

Over all, this appears to be shaping up to be a special prospect if the early report of massive sulphides being present can be relied on.

mh

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