"Definition drilling continues to add confidence and scope to the skarn deposit, confirming wide, high-grade zones with intercepts up to 277 metre drill widths. Geological and resource modeling are currently underway to provide the foundation for a preliminary economic assessment," said
Pan American is advancing the
Pan American has submitted permit applications for certain site infrastructure projects that will assist in advancing the skarn project beyond the PEA which, in some cases, will also simultaneously benefit the existing
Drill highlights include:
- D-30-08-20: 115.25 m at 60 g/t Ag, 0.22% Cu, 3.37% Pb and 6.57% Zn
- D-30-09-20: 189.75 m at 60 g/t Ag, 0.14% Cu, 2.97% Pb and 6.29% Zn
- including 38.30 m at 92 g/t Ag, 0.21% Cu, 4.80% Pb and 7.26% Zn
- including 52.15 m at 82 g/t Ag, 0.16% Cu, 4.25% Pb and 11.81% Zn
- D-30-12-20: 45.20 m at 48 g/t Ag, 0.18% Cu, 3.12% Pb and 5.83% Zn
- D-30-13-21: 52.10 m at 40 g/t Ag, 0.27% Cu, 1.06% Pb and 4.09% Zn
- D-30-14-21: 57.75 m at 93 g/t Ag, 0.28% Cu, 6.87% Pb and 10.72% Zn
- U-40-20: 98.05 m at 84 g/t Ag, 0.16% Cu, 4.85% Pb and 6.16% Zn
- including 70.25 m at 109 g/t Ag, 0.18% Cu, 5.96% Pb and 7.24% Zn
- S-01-21: 145.30 m at 55 g/t Ag, 0.23% Cu, 3.51% Pb and 5.95% Zn
- D-81-04-20: 109.20 m at 70 g/t Ag, 0.20% Cu, 1.58% Pb and 5.64% Zn
- U-34-20: 218.30 m at 41 g/t Ag, 0.26% Cu, 1.49% Pb and 2.99% Zn
- including 32.50 m at 57 g/t Ag, 0.38% Cu, 2.20% Pb and 4.24% Zn
- D-57-08-20: 137.45 m at 31 g/t Ag, 0.10% Cu, 1.92% Pb and 3.55% Zn
- including 38.75 m at 81 g/t Ag, 0.22% Cu, 4.58% Pb and 7.91% Zn
- D-107-03-20: 98.10 m at 79 g/t Ag, 0.15% Cu, 0.29% Pb and 2.96% Zn
- S-65-20: 206.10 m at 28 g/t Ag, 0.10% Cu, 1.45% Pb and 3.13% Zn
- S-67-A-20: 277.15 m at 26 g/t Ag, 0.14% Cu, 1.86% Pb and 3.76% Zn
Highlights of recent drilling:
- 22,567 metres drilled over the last seven months; 80% of drilling focused on infill definition and 20% on exploration testing the skarn limits.
- Several holes in the northern and western part of the skarn, such as D-107-03-20 or U-40-20, have returned significantly higher-grade silver than the average inferred resource silver grade.
- Hole D-81-04-20 is a 100 metre step-out, which extends the northern portion of the skarn resource that remains open for further expansions.
- Seven surface infill holes (D-30-08/09/10/11A/12/13 and 14) confirm continuity of the high-grade core of the skarn.
- Underground drillhole U-40-20 extends mineralization to the west and to depth with a high-grade massive sulphide intercept of 70.25 metres at 109 g/t Ag, 0.18% Cu, 5.96% Pb and 7.24% Zn.
- Infill hole D-57-08-20 located 80 metres east of U-40-20 extends mineralization to depth in the west portion of the resource.
- Infill hole S-01-21 increases potential to the east with massive sulphide mineralization of 145 metres at 55 g/t Ag, 3.51% Pb and 5.95% Zn.
SUMMARY OF DRILL RESULTS
The following table provides the drill results for the
Please see our website at: panamericansilver.com for further information, including cross sections, plan and images of the mineralized core.
Hole No. | From (m) | To (m) | Interval (m) (1) | Ag g/t | Cu % | Pb % | Zn % |
D-107-03-20 | 1287.85 | 1385.95 | 98.10 | 79 | 0.15 | 0.29 | 2.96 |
D- | 1100.50 | 1105.80 | 5.30 | 89 | 0.62 | 5.08 | 14.30 |
D- | 1048.55 | 1163.80 | 115.25 | 60 | 0.22 | 3.37 | 6.57 |
D- | 985.40 | 1175.15 | 189.75 | 60 | 0.14 | 2.97 | 6.29 |
incl. | 985.40 | 1023.70 | 38.30 | 92 | 0.21 | 4.80 | 7.26 |
incl. | 1116.80 | 1168.95 | 52.15 | 82 | 0.16 | 4.25 | 11.81 |
D-30-11-A-20 | 1071.35 | 1122.85 | 51.50 | 51 | 0.19 | 2.57 | 3.56 |
incl. | 1092.80 | 1121.25 | 28.45 | 79 | 0.29 | 4.23 | 5.19 |
D- | 955.65 | 1000.85 | 45.20 | 48 | 0.18 | 3.12 | 5.83 |
D-30-13-21 | 961.90 | 1014.00 | 52.10 | 40 | 0.27 | 1.06 | 4.09 |
incl. | 961.90 | 973.70 | 11.80 | 109 | 0.84 | 1.92 | 10.49 |
D-30-14-21 | 993.65 | 1051.40 | 57.75 | 93 | 0.28 | 6.87 | 10.72 |
and | 1098.50 | 1112.70 | 14.20 | 46 | 0.33 | 2.20 | 3.89 |
and | 1178.55 | 1196.55 | 18.00 | 58 | 0.52 | 2.09 | 4.27 |
D-57-07-20 | 1174.80 | 1192.45 | 17.65 | 61 | 0.06 | 1.97 | 2.60 |
D-57-08-20 | 1070.50 | 1207.95 | 137.45 | 31 | 0.10 | 1.92 | 3.55 |
incl. | 1070.50 | 1109.25 | 38.75 | 81 | 0.22 | 4.58 | 7.91 |
D-59-01-21 | 959.20 | 1010.55 | 51.35 | 80 | 0.32 | 2.35 | 6.46 |
incl. | 991.10 | 1010.55 | 19.45 | 155 | 0.51 | 3.61 | 9.33 |
and | 1062.90 | 1076.90 | 14.00 | 131 | 0.01 | 2.18 | 2.34 |
and | 1278.00 | 1371.85 | 93.85 | 53 | 0.29 | 0.36 | 3.51 |
D-59-02-21 | 1303.40 | 1360.50 | 57.10 | 56 | 0.13 | 0.75 | 3.68 |
D-81-04-20 | 1115.50 | 1224.70 | 109.20 | 70 | 0.20 | 1.58 | 5.64 |
D-95-02-20 | 1386.40 | 1393.70 | 7.30 | 112 | 0.14 | 2.97 | 2.16 |
and | 1442.45 | 1466.45 | 24.00 | 53 | 0.38 | 4.39 | 9.31 |
D-95-02-R-20 | 1637.10 | 1638.35 | 1.25 | 395 | 6.13 | 2.31 | 0.68 |
S-32-B-20 | 833.85 | 841.80 | 7.95 | 337 | 0.97 | 10.40 | 16.19 |
and | 845.35 | 851.25 | 5.90 | 1016 | 1.35 | 13.91 | 23.38 |
and | 918.20 | 928.70 | 10.50 | 48 | 0.12 | 1.98 | 4.83 |
S-59-20 | 1222.75 | 1367.45 | 144.70 | 27 | 0.09 | 0.51 | 2.79 |
and | 1508.75 | 1571.30 | 62.55 | 80 | 0.91 | 0.32 | 0.62 |
S-61-20 | 1457.75 | 1612.70 | 154.95 | 36 | 0.20 | 1.42 | 2.59 |
incl. | 1502.50 | 1544.85 | 42.35 | 47 | 0.34 | 2.87 | 3.37 |
S-65-20 | 638.05 | 644.10 | 6.05 | 279 | 1.21 | 3.76 | 3.68 |
and | 967.30 | 1034.70 | 67.40 | 21 | 0.05 | 1.63 | 2.37 |
and | 1152.95 | 1359.05 | 206.10 | 28 | 0.10 | 1.45 | 3.13 |
incl. | 1166.95 | 1203.00 | 36.05 | 55 | 0.19 | 2.48 | 5.20 |
and | 1390.55 | 1435.25 | 44.70 | 84 | 0.22 | 1.01 | 3.46 |
S-67-20 | 581.00 | 584.40 | 3.40 | 559 | 0.42 | 1.24 | 0.04 |
S-67-A-20 | 1240.85 | 1518.00 | 277.15 | 26 | 0.14 | 1.86 | 3.76 |
incl. | 1408.45 | 1427.65 | 19.20 | 61 | 0.22 | 4.40 | 9.76 |
incl. | 1448.60 | 1470.10 | 21.50 | 55 | 0.35 | 5.32 | 7.29 |
U-34-20 | 541.00 | 759.30 | 218.30 | 41 | 0.26 | 1.49 | 2.99 |
incl. | 615.90 | 648.40 | 32.50 | 57 | 0.38 | 2.20 | 4.24 |
and | 843.95 | 853.50 | 9.55 | 108 | 0.15 | 2.38 | 5.73 |
U-35-20 | 248.30 | 272.30 | 24.00 | 58 | 0.13 | 4.43 | 8.71 |
U-36-20 | 321.00 | 348.65 | 27.65 | 33 | 0.23 | 0.62 | 2.20 |
U-39-20 | 241.65 | 254.15 | 12.50 | 90 | 0.18 | 2.24 | 6.56 |
U-40-20 | 726.50 | 824.55 | 98.05 | 84 | 0.16 | 4.85 | 6.16 |
incl. | 726.50 | 796.75 | 70.25 | 109 | 0.18 | 5.96 | 7.24 |
S-01-21 (2) | 989.10 | 999.90 | 10.80 | 37 | 0.24 | 1.94 | 4.08 |
and | 1049.20 | 1194.50 | 145.30 | 55 | 0.23 | 3.51 | 5.95 |
(1) | True widths of the mineralized intervals are unknown at this time. Drillhole S-01-21 reporting is on partial assay results | |
(2) | ||
No significant results were registered in drillhole D- |
La Colorada Skarn - Drill Hole Collar Information
Drill Hole ID | East Local | North Local | Elevation | Length (m) | Azimuth Avg (0) | Dip Avg |
D-107-03-20 | 5055.2 | 5613.0 | 1700.2 | 602.5 | 99 | -84 |
D- | 5454.8 | 5461.4 | 1878.4 | 476.0 | 95 | -83 |
D- | 5454.8 | 5461.6 | 1857.5 | 465.4 | 229 | -83 |
D- | 5454.8 | 5462.1 | 1836.6 | 534.0 | 290 | -82 |
D- | 5455.9 | 5461.7 | 1981.6 | 176.0 | 135 | -88 |
D-30-11-A-20 | 5455.7 | 5461.6 | 1965.2 | 676.1 | 161 | -87 |
D- | 5454.2 | 5461.1 | 1850.0 | 592.8 | 299 | -82 |
D-30-13-21 | 5452.8 | 5460.9 | 1796.0 | 692.0 | 315 | -81 |
D-30-14-21 | 5453.8 | 5460.0 | 1817.0 | 791.5 | 308 | -79 |
D-57-07-20 | 4886.1 | 5066.7 | 1742.2 | 835.9 | 187 | -83 |
D-57-08-20 | 4886.6 | 5067.1 | 1756.2 | 950.8 | 272 | -83 |
D-59-01-21 | 5234.7 | 5502.9 | 1672.2 | 665.3 | 299 | -83 |
D-59-02-21 | 5231.1 | 5503.8 | 1619.3 | 572.5 | 321 | -77 |
D-81-04-20 | 5807.8 | 5773.3 | 1858.3 | 782.1 | 119 | -82 |
D-95-02-20 | 5388.1 | 5129.1 | 1743.8 | 683.7 | 310 | -85 |
D-95-02-R-20 | 5375.4 | 5171.5 | 1329.1 | 742.9 | 342 | -83 |
S-32-B-20 | 5805.0 | 5207.6 | 2482.0 | 1039.3 | 340 | -78 |
S-59-20 | 5241.4 | 5503.7 | 2570.1 | 1652.8 | 247 | -88 |
S-61-20 | 5278.8 | 5261.0 | 2564.1 | 1634.3 | 190 | -89 |
S-65-20 | 5288.6 | 5435.9 | 2556.9 | 1651.8 | 198 | -88 |
S-67-20 | 5286.5 | 5376.4 | 2555.7 | 592.3 | 196 | -90 |
S-67-A-20 | 5286.5 | 5376.4 | 2555.7 | 1067.7 | 214 | -89 |
U-34-20 | 5258.5 | 5415.6 | 1999.0 | 853.5 | 118 | -79 |
U-35-20 | 5175.3 | 5518.3 | 1998.1 | 511.0 | 45 | -78 |
U-36-20 | 5124.1 | 5202.0 | 2031.4 | 672.0 | 30 | -84 |
U-39-20 | 5174.8 | 5516.5 | 1997.7 | 266.8 | 83 | -89 |
U-40-20 | 4843.0 | 5323.0 | 1995.0 | 1047.7 | 180 | -83 |
S-01-21 | 5365.7 | 5404.4 | 2538.8 | 1338.7 | 0 | -90 |
Total length: | 22,567.2 |
Inferred Mineral Resource Estimate
On
General Notes with Respect to Technical Information
Grades are shown as contained metal before mill recoveries are applied. All samples provided in this news release were prepared and analyzed by SGS in
Mineral reserves and mineral resources are as defined by the
Pan American reports mineral resources and mineral reserves separately. Reported mineral resources do not include amounts identified as mineral reserves. Mineral resources that are not mineral reserves have no demonstrated economic viability. No mineral reserves have yet been estimated for the skarn deposit.
See the Company's Annual Information Form dated
Technical information contained in this news release with respect to Pan American has been reviewed and approved by
About
Pan American is the world's second largest primary silver producer, providing enhanced exposure to silver through a diversified portfolio of assets, large reserves and growing production. We own and operate mines in
Learn more at panamericansilver.com.
Cautionary Note Regarding Forward-Looking Statements and Information
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the anticipated exploration and other development programs at the Company's
These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve and mineral resource estimates and the assumptions upon which they are based; ore grades and recoveries; prices for silver, gold, and base metals remaining as estimated; currency exchange rates remaining as estimated; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); all necessary permits, licenses and regulatory approvals for the
The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the duration and effects of the COVID-19 virus and any other pandemics on our operations and workforce, and the effects on global economies and society; fluctuations in silver and gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar, Peruvian sol, Mexican peso, Argentine peso and Bolivian boliviano versus the
Cautionary Note to US Investors
This news release has been prepared in accordance with the requirements of Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (''NI 43-101'') and the
Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the
View original content:http://www.prnewswire.com/news-releases/pan-american-silver-provides-drill-results-and-a-project-update-for-the-la-colorada-skarn-deposit-301290234.html
SOURCE
© Canada Newswire, source