Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan
American" or the "Company") releases results from the ongoing
infill and geotechnical drill program at its La Colorada Skarn
project in Zacatecas, Mexico (the "La Colorada Skarn"). Eight new
drill holes totaling 8,101 metres returned additional wide
intercepts from the 902 mineralized zone of the western part of the
La Colorada Skarn. Drill hole U-121-22 returned the highest-grade
interval to date with 22.50 metres at 1,435 g/t Ag,
31.93% Pb and 20.49% Zn.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240407764983/en/
La Colorada Skarn Plan View (Graphic:
Business Wire)
“The 902 zone at the La Colorada Skarn continues to return long
intercepts in multiple drill holes, with the most recent drill
holes returning some of the highest grade intercepts since we
discovered the La Colorada Skarn in 2018. Hole U-121-22 contains
the highest silver grade intercept in the Skarn, to date, of 22
metres averaging 1,435 g/t Ag, 31.9% Pb and 20.5% Zn within a
broader interval of 78 metres of 568 g/t Ag, 12.5% Pb and 9.6% Zn,"
said Christopher Emerson, Pan American’s Vice President of
Exploration and Geology. "Exploration drilling continues to define
the La Colorada Skarn mineral resource, and we look forward to
presenting an updated mineral resource estimate in August
2024.”
Drill highlights include:
- U-121-22: 26.85 m at 127 g/t Ag, 7.19% Pb and 11.12% Zn
and 77.85 m at 568 g/t Ag, 12.45% Pb and 9.59% Zn, including
22.50 m at 1,435 g/t Ag, 31.93% Pb and 20.49% Zn
- U-91-23: 372.10 m at 77 g/t Ag, 3.91% Pb and 5.79% Zn,
including 83.85 m at 172 g/t Ag, 8.48% Pb and 10.49% Zn and
including 26.90 m at 127 g/t Ag, 7.02% Pb and 11.69% Zn
- U-03-24: 68.00 m at 80 g/t Ag, 3.98% Pb and 6.98% Zn,
including 29.00 m at 136 g/t Ag, 7.45% Pb and 12.82% Zn
- U-121-23: 91.20 m at 31 g/t Ag, 2.61% Pb and 4.98%
Zn
- U-137-23: 87.25 m at 32 g/t Ag, 1.41% Pb and 3.90% Zn
and 134.55 m at 29 g/t Ag, 0.14% Pb and 6.58% Zn
- U-148-22: 23.15 m at 57 g/t Ag, 3.32% Pb and 5.59%
Zn
La Colorada Skarn - summary of drill results
The following table provides the drill results for the La
Colorada Skarn deposit included in this news release.
Previous drill results that are not included in this table as
well as cross sections, plans and images of the La Colorada Skarn
mineralized core are available on our website at:
https://panamericansilver.com/operations/silver-segment/la-colorada-skarn/
Hole No.
From (m)
To (m)
Interval (m)(1)
Ag g/t
Cu %
Pb %
Zn %
U-03-24
489.25
504.55
15.30
47
0.05
2.52
4.97
And
540.55
608.55
68.00
80
0.08
3.98
6.98
Including
559.90
588.90
29.00
136
0.11
7.45
12.82
U-07-23
486.55
497.95
11.40
34
0.07
1.41
1.71
And
548.60
614.95
66.35
17
0.07
0.97
1.65
And
692.20
716.10
23.90
21
0.12
1.95
2.78
U-121-22
565.70
592.55
26.85
127
0.13
7.19
11.12
And
657.30
735.15
77.85
568
0.12
12.45
9.59
Including
661.05
683.55
22.50
1435
0.12
31.93
20.49
And
783.50
878.50
95.00
22
0.07
1.56
2.52
U-121-23
48.00
66.05
18.05
196
0.07
1.04
1.73
And
518.80
533.25
14.45
83
0.11
3.61
4.99
And
712.85
726.00
13.15
26
0.08
2.83
4.41
And
742.90
760.70
17.80
23
0.09
2.42
4.08
And
803.60
894.80
91.20
31
0.11
2.61
4.98
And
1,013.00
1,066.40
53.40
25
0.07
0.17
4.63
U-137-23
460.30
475.20
14.90
63
0.03
2.34
3.59
And
532.95
574.85
41.90
56
0.04
2.47
2.13
And
661.05
748.30
87.25
32
0.08
1.41
3.90
And
905.15
1,039.70
134.55
29
0.18
0.14
6.58
U-148-22
373.40
383.25
9.85
161
0.08
3.62
3.83
And
587.35
610.50
23.15
57
0.13
3.32
5.59
U-91-23
545.65
917.75
372.10
77
0.11
3.91
5.79
Including
588.90
672.75
83.85
172
0.22
8.48
10.49
Including
742.15
769.05
26.90
127
0.28
7.02
11.69
And
966.50
1,003.30
36.80
25
0.12
0.43
6.57
U-112-23
1,018.10
1,040.20
22.10
84
0.71
0.14
1.52
(1) True widths of the mineralized intervals are unknown at this
time.
La Colorada Skarn - drill hole collar information
Drill Hole ID
Type
East Local
North Local
Elevation
Length (m)
Azimuth Avg (0)
Dip Avg
U-03-24
Infill
4,845.1
5,323.6
1,995.5
1,176
343.6
-76.1
U-07-23
Geotech
4,845.8
5,316.9
1,995.5
732
161.9
-77.9
U-112-23
Exploration
4,493.8
5,333.3
2,070.5
1,161
326.9
-85.8
U-121-22
Infill
4,844.0
5,321.5
1,995.8
1,041
221.7
-84.8
U-121-23
Infill
4,846.1
5,320.7
1,995.9
1,109
60.8
-87.0
U-137-23
Infill
4,844.5
5,324.3
1,995.5
1,080
339.7
-83.8
U-148-22
Geotech
4,843.7
5,323.1
1,997.7
703
315.7
-77.4
U-91-23
Infill
4,842.6
5,323.0
1,995.3
1,101
267.3
-84.2
Total metres
8,101
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 assayed by
ALS Global, Mexico using acid digestion with ICP finish for silver,
lead, zinc, and copper. For samples above the detection limits of
ICP, they were finalized with absorption spectrometry ("AAS"); For
lead and zinc grades greater than 30%, the determination was made
by volumetric titration. Samples sent to ALS Global were prepared
in Zacatecas and Hermosillo, Mexico laboratories and sent to
Vancouver, B.C. Laboratory for assay. Pan American implements a
quality assurance and quality control ("QAQC") program including
the submission of certified standards, blanks, and duplicate
samples to the laboratories. The results of the QAQC samples
submitted to ALS Global demonstrate acceptable accuracy and
precision. The Qualified Persons have verified the data disclosed
in this news release and they are of the opinion that the sample
preparation, analytical, and security procedures followed for the
samples are sufficient and reliable for the purpose of any future
mineral resource and mineral reserve estimates. Pan American is not
aware of any drilling, sampling, recovery or other factors that
could materially affect the accuracy or reliability of the data
reported herein. ALS Global is independent from Pan American.
See the Company's Annual Information Form March 26, 2024,
available at www.sedarplus.ca for further information concerning
QAQC and data verification matters, and for a detailed description
of known legal, political, environmental, and other risks that
could materially affect the Company's business and the potential
development of the Company's mineral reserves and mineral
resources.
Technical information contained in this news release with
respect to Pan American has been reviewed and approved by
Christopher Emerson, FAusIMM, Vice President Exploration and
Geology, and Martin Wafforn, P.Eng., Senior Vice President
Technical Services and Process Optimization, each of whom is a
Qualified Person for the purposes of National Instrument 43-101 -
Standards of Disclosure for Mineral Projects.
Pan American is authorized by The Association of Professional
Engineers and Geoscientists of the Province of British Columbia to
engage in Reserved Practice under Permit to Practice number
1001470.
About Pan American Silver
Pan American is a leading producer of silver and gold in the
Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia,
Chile and Argentina. We also own the Escobal mine in Guatemala that
is currently not operating, and we hold interests in exploration
and development projects. We have been operating in the Americas
for three decades, earning an industry-leading reputation for
sustainability performance, operational excellence and prudent
financial management. We are headquartered in Vancouver, B.C. and
our shares trade on the New York Stock Exchange and the Toronto
Stock Exchange under the symbol "PAAS".
Learn more at panamericansilver.com
Follow us on LinkedIn
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 extent of, and success
related to any future exploration or development programs,
including with respect to the exploration program at the La
Colorada Skarn; expectations regarding exploration drilling; and
plans to present an update to the mineral resource estimate for the
La Colorada Skarn in August 2024.
These forward-looking statements and information reflect Pan
American’s current views with respect to future events and are
necessarily based upon a number of assumptions that, while
considered reasonable by Pan American, are inherently subject to
significant operational, business, economic and regulatory
uncertainties and contingencies. These assumptions include: tonnage
of ore to be mined and processed; 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; our mineral reserve and resource estimates
and the assumptions upon which they are based; prices for energy
inputs, labour, materials, supplies and services (including
transportation); no labour-related disruptions at any of our
operations; no unplanned delays or interruptions in scheduled
production; all necessary permits, licenses and regulatory
approvals for our operations are received in a timely manner; our
ability to secure and maintain title and ownership to properties
and the surface rights necessary for our operations; and our
ability to comply with environmental, health and safety laws. The
foregoing list of assumptions is not exhaustive.
Pan American 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 Pan American has made assumptions and estimates based
on or related to many of these factors. Such factors include,
without limitation: fluctuations in silver, gold and base metal
prices; fluctuations in prices for energy inputs, labour,
materials, supplies and services (including transportation);
fluctuations in currency markets (such as the PEN, MXN, ARS, BOB,
GTQ, CAD, CLP, and BRL versus the USD); operational risks and
hazards inherent with the business of mining (including
environmental accidents and hazards, industrial accidents,
equipment breakdown, unusual or unexpected geological or structural
formations, cave-ins, flooding and severe weather); risks relating
to the credit worthiness or financial condition of suppliers,
refiners and other parties with whom Pan American does business;
risks related to taxation, including but not limited to the results
of ongoing tax audits in Mexico; inadequate insurance, or inability
to obtain insurance, to cover these risks and hazards; employee
relations; relationships with, and claims by, local communities and
indigenous populations; our ability to obtain all necessary
permits, licenses and regulatory approvals in a timely manner;
changes in laws, regulations and government practices in the
jurisdictions where we operate, including environmental, export and
import laws and regulations; changes in national and local
government, legislation, taxation, controls or regulations and
political, legal or economic developments in Canada, the United
States, Mexico, Peru, Argentina, Bolivia, Guatemala, Chile, Brazil
or other countries where Pan American may carry on business,
including legal restrictions relating to mining, risks relating to
expropriation, and risks relating to the constitutional
court-mandated ILO 169 consultation process in Guatemala;
diminishing quantities or grades of mineral reserves as properties
are mined; increased competition in the mining industry for
equipment and qualified personnel; and those factors identified
under the caption "Risks Related to Pan American's Business" in Pan
American's most recent form 40-F and Annual Information Form filed
with the United States Securities and Exchange Commission and
Canadian provincial securities regulatory authorities,
respectively. Although Pan American has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated, described or intended. Investors are
cautioned against undue reliance on forward-looking statements or
information. Forward-looking statements and information are
designed to help readers understand management's current views of
our near and longer term prospects and may not be appropriate for
other purposes. Pan American does not intend, nor does it assume
any obligation to update or revise forward-looking statements or
information, whether as a result of new information, changes in
assumptions, future events or otherwise, except to the extent
required by applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240407764983/en/
For more information: Siren Fisekci VP, Investor Relations &
Corporate Communications Ph: 604-806-3191 Email:
ir@panamericansilver.com
Pan American Silver (NYSE:PAAS)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Pan American Silver (NYSE:PAAS)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024