"Drillhole D-96-03-22 returned the highest-grade intercept from the more than 200,000 metres drilled to date on the La Colorada Skarn project," said
Pan American plans to provide an update to the mineral resource estimate for the La Colorada Skarn in the third quarter of 2022. The cut-off date for the resource update was
Drill Highlights Include:
- D-96-03-22: 295.50 m at 234 g/t Ag, 0.09% Cu, 6.36% Pb and 5.72% Zn, including 97.00 m at 654 g/t Ag, 0.16% Cu, 15.35% Pb and 11.38% Zn
- D-96-04-22: 31.25 m at 216 g/t Ag, 0.05% Cu, 5.60% Pb and 4.82% Zn and 40.65 m at 99 g/t Ag, 0.03% Cu, 3.64% Pb and 4.50% Zn
- D-71-07-22: 188.50 m at 59 g/t Ag, 0.09% Cu, 3.14% Pb and 4.82% Zn, including 91.30 m at 70 g/t Ag, 0.13% Cu, 3.57% Pb and 5.86% Zn
- D-93-03-22: 117.65 m at 35 g/t Ag, 0.09% Cu, 2.75% Pb and 3.92% Zn
- D-93-04-22: 69.10 m at 48 g/t Ag, 0.06% Cu, 3.78% Pb and 4.83% Zn
- D-93-05-22: 188.70 m at 68 g/t Ag, 0.11% Cu, 4.66% Pb and 6.16% Zn, including 62.65 m at 77 g/t Ag, 0.13% Cu, 6.69% Pb and 7.58% Zn
- U-11-22: 67.70 m at 54 g/t Ag, 0.12% Cu, 3.69% Pb and 5.38% Zn
- U-18-22: 160.90 m at 82 g/t Ag, 0.16% Cu, 3.67% Pb and 6.30% Zn, including 104.60 m at 83 g/t Ag, 0.20% Cu, 5.14% Pb and 8.91% Zn and 124.20 m at 50 g/t Ag, 0.11% Cu, 2.04% Pb and 2.66% Zn, including 43.95 m at 70 g/t Ag, 0.18% Cu, 4.10% Pb and 5.05% Zn.
The drill results disclosed today have expanded the mineralized area of the Skarn deposit, as described in the following points:
- D-96-03-22 and D-96-04-22 both show high silver grades. Together with drill hole U-67-21, disclosed on
November 10, 2021 , which returned 114.6 metres at 133 g/t Ag, 3.60% Pb and 4.83% Zn and 16.5 metres at 228 g/t Ag, 3.36% Pb and 6.45% Zn, these holes support the interpretation of an east-west trending high grade silver zone between the Amolillo and NC2 veins that extends for at least 100 metres. - Underground and surface drilling in the western portion of the Skarn from drill holes west of U-11-22 and S-93-21, respectively, have shown consistently wide intercepts and high grade mineralization.
- Infill drilling D-95-10/11/12–22 extending mineralization to the south of the central block showed multiple skarn and breccia style mineralization with widths up to 90 metres.
- D-71-07-22 drilled in the eastern block intercepted strong sulphide mineralization over 180 metres and further opens up exploration to the east and south. D-62-06-22 and D-62-07-22 also provided continuity of the mineralization 150 metres to the east.
The following table provides the drill results for the La Colorada Skarn deposit for the second quarter of 2022.
Previous drill results not included in this table have been disclosed in Pan American's news releases, which are available, together with cross sections, plans and images of the skarn mineralized core, on our website at:
https://www.panamericansilver.com/operations/exploration/la-colorada-skarn/.
Hole No. | From (m) | To (m) | Interval (m) (1) | Ag g/t | Cu % | Pb % | Zn % |
D-62-06-22 | 1129.25 | 1156.60 | 27.35 | 44 | 0.04 | 2.67 | 6.19 |
And | 1280.40 | 1322.80 | 42.40 | 101 | 0.29 | 2.01 | 2.63 |
And | 1340.80 | 1363.85 | 23.05 | 52 | 0.10 | 2.79 | 4.32 |
D-62-07-22 | 1051.80 | 1062.60 | 10.80 | 117 | 0.01 | 2.97 | 4.31 |
And | 1214.05 | 1232.30 | 18.25 | 95 | 0.04 | 2.93 | 7.79 |
And | 1447.30 | 1506.05 | 58.75 | 47 | 0.11 | 1.45 | 3.76 |
D-66-06-22 | 1387.85 | 1462.80 | 74.95 | 44 | 0.09 | 1.12 | 4.22 |
Include | 1416.95 | 1454.05 | 37.10 | 63 | 0.06 | 1.25 | 4.73 |
D-66-07-22 | 1046.85 | 1053.30 | 6.45 | 42 | 0.12 | 1.91 | 4.66 |
And | 1070.50 | 1093.35 | 22.85 | 27 | 0.15 | 1.39 | 3.03 |
And | 1540.95 | 1573.20 | 32.25 | 32 | 0.25 | 1.20 | 3.26 |
D-71-06-22(2) | 1136.40 | 1172.35 | 35.95 | 26 | 0.01 | 2.00 | 3.76 |
And | 1310.45 | 1335.55 | 25.10 | 20 | 0.12 | 0.28 | 4.58 |
D-71-07-22 | 1120.05 | 1143.15 | 23.10 | 57 | 0.05 | 1.36 | 2.63 |
And | 1185.90 | 1374.40 | 188.50 | 59 | 0.09 | 3.14 | 4.82 |
Include | 1264.95 | 1356.25 | 91.30 | 70 | 0.13 | 3.57 | 5.86 |
D-81-06-22 | 877.90 | 900.00 | 22.10 | 271 | 0.05 | 2.32 | 2.76 |
And | 1289.65 | 1314.75 | 25.10 | 29 | 0.01 | 0.14 | 4.46 |
And | 1341.05 | 1378.05 | 37.00 | 65 | 0.53 | 0.90 | 6.17 |
And | 1397.75 | 1413.50 | 15.75 | 44 | 0.37 | 0.38 | 8.24 |
D-90-02-22 | 593.15 | 597.75 | 4.60 | 335 | 0.02 | 0.08 | 0.43 |
And | 788.30 | 806.70 | 18.40 | 42 | 0.41 | 1.23 | 1.94 |
And | 955.60 | 967.70 | 12.10 | 58 | 0.31 | 3.22 | 5.27 |
D-90-03-22 | 657.20 | 687.75 | 30.55 | 109 | 0.54 | 0.56 | 1.59 |
And | 854.95 | 880.15 | 25.20 | 102 | 0.22 | 1.07 | 1.66 |
And | 1065.20 | 1083.80 | 18.60 | 18 | 0.09 | 1.73 | 3.31 |
D-90-04-22 | 679.20 | 692.60 | 13.40 | 201 | 1.04 | 0.99 | 1.22 |
And | 763.50 | 777.05 | 13.55 | 38 | 0.30 | 1.41 | 3.19 |
And | 1086.10 | 1098.70 | 12.60 | 67 | 0.12 | 3.49 | 5.42 |
And | 1208.15 | 1214.25 | 6.10 | 72 | 0.23 | 1.02 | 2.88 |
D-93-03-22 | 1056.10 | 1173.75 | 117.65 | 35 | 0.09 | 2.75 | 3.92 |
Include | 1085.30 | 1120.00 | 34.70 | 48 | 0.13 | 3.97 | 6.48 |
D-93-04-22 | 825.35 | 838.30 | 12.95 | 46 | 0.31 | 0.67 | 2.70 |
And | 1060.05 | 1129.15 | 69.10 | 48 | 0.06 | 3.78 | 4.83 |
D-93-05-22 | 1100.55 | 1289.25 | 188.70 | 68 | 0.11 | 4.66 | 6.16 |
Include | 1110.70 | 1132.15 | 21.45 | 262 | 0.32 | 11.37 | 18.84 |
Include | 1163.60 | 1226.25 | 62.65 | 77 | 0.13 | 6.69 | 7.58 |
D-95-10-22 | 1356.90 | 1409.15 | 52.25 | 28 | 0.11 | 2.21 | 3.53 |
And | 1428.50 | 1517.90 | 89.40 | 27 | 0.18 | 1.72 | 3.43 |
D-95-11-22 | 1315.70 | 1322.45 | 6.75 | 42 | 0.16 | 1.59 | 1.90 |
And | 1446.25 | 1457.75 | 11.50 | 19 | 0.05 | 1.32 | 2.40 |
D-95-12-22 | 772.25 | 786.05 | 13.80 | 38 | 0.33 | 0.44 | 2.42 |
And | 1116.05 | 1121.95 | 5.90 | 44 | 0.11 | 3.77 | 5.17 |
And | 1242.70 | 1249.35 | 6.65 | 98 | 0.27 | 3.10 | 4.13 |
And | 1284.05 | 1321.90 | 37.85 | 25 | 0.17 | 1.50 | 2.38 |
And | 1394.50 | 1403.80 | 9.30 | 25 | 0.19 | 1.56 | 4.38 |
D-96-03-22 | 1039.55 | 1060.75 | 21.20 | 18 | 0.03 | 1.26 | 2.63 |
And | 1074.05 | 1095.30 | 21.25 | 38 | 0.06 | 3.59 | 4.79 |
And | 1153.30 | 1448.80 | 295.50 | 234 | 0.09 | 6.36 | 5.72 |
Include | 1194.80 | 1291.80 | 97.00 | 654 | 0.16 | 15.35 | 11.38 |
D-96-04-22 | 1077.45 | 1108.70 | 31.25 | 216 | 0.05 | 5.60 | 4.82 |
And | 1160.30 | 1200.95 | 40.65 | 99 | 0.03 | 3.64 | 4.50 |
And | 1268.40 | 1312.80 | 44.40 | 82 | 0.03 | 1.02 | 2.86 |
And | 1343.90 | 1539.20 | 195.30 | 28 | 0.07 | 0.77 | 3.77 |
S-09-22 | 715.35 | 725.55 | 10.20 | 39 | 0.27 | 1.27 | 2.27 |
And | 810.55 | 857.80 | 47.25 | 21 | 0.08 | 1.01 | 1.61 |
U-11-22 | 951.70 | 1019.40 | 67.70 | 54 | 0.12 | 3.69 | 5.38 |
Include | 982.80 | 1011.80 | 29.00 | 77 | 0.16 | 4.36 | 7.10 |
U-18-22 | 458.05 | 618.95 | 160.90 | 82 | 0.16 | 3.67 | 6.30 |
Include | 466.30 | 570.90 | 104.60 | 83 | 0.20 | 5.14 | 8.91 |
And | 659.80 | 784.00 | 124.20 | 50 | 0.11 | 2.04 | 2.66 |
Include | 707.30 | 751.25 | 43.95 | 70 | 0.18 | 4.10 | 5.05 |
U-23-22 | 125.85 | 129.75 | 3.90 | 527 | 0.13 | 1.80 | 5.39 |
And | 887.60 | 919.65 | 32.05 | 69 | 0.05 | 1.05 | 3.50 |
(1) True widths of the mineralized intervals are unknown at this time. | |
(2) Partial results received. |
Drill Hole ID | Type | East Local | North Local | Elevation | Length (m) | Azimuth Avg (0) | Dip Avg |
D-62-06-22 | Infill | 5996.9 | 5753.7 | 2554.7 | 585.3 | 147.2 | -79.0 |
D-62-07-22 | Infill | 5996.9 | 5753.7 | 2554.7 | 636.4 | 196.7 | -86.8 |
D-66-06-22 | Infill | 5060.5 | 5509.3 | 2511.2 | 798.0 | 152.6 | -67.8 |
D-66-07-22 | Infill | 5060.5 | 5509.3 | 2511.2 | 642.4 | 165.7 | -63.1 |
D-71-06-22 | Infill | 6004.3 | 5588.6 | 2529.3 | 688.0 | 304.3 | -79.7 |
D-71-07-22 | Infill | 6004.3 | 5588.6 | 2529.3 | 505.0 | 136.5 | -78.3 |
D-81-06-22 | Infill | 5804.8 | 5770.1 | 2590.7 | 831.1 | 321.5 | -86.7 |
D-90-02-22 | Exploration | 5538.7 | 5004.4 | 2532.2 | 811.7 | 14.0 | -81.9 |
D-90-03-22 | Exploration | 5538.7 | 5004.4 | 2532.2 | 1095.4 | 180.2 | -75.1 |
D-90-04-22 | Exploration | 5538.7 | 5004.4 | 2532.2 | 940.9 | 35.2 | -81.0 |
D-93-03-22 | Infill | 4926.3 | 5166.1 | 2469.7 | 682.6 | 259.5 | -64.3 |
D-93-04-22 | Infill | 4926.3 | 5166.1 | 2469.7 | 626.0 | 231.1 | -60.4 |
D-93-05-22 | Infill | 4926.3 | 5166.1 | 2469.7 | 614.4 | 292.7 | -68.2 |
D-95-10-22 | Infill | 5403.1 | 5126.1 | 2549.6 | 718.6 | 343.1 | -74.7 |
D-95-11-22 | Infill | 5403.1 | 5126.1 | 2549.6 | 734.5 | 158.1 | -82.8 |
D-95-12-22 | Infill | 5403.1 | 5126.1 | 2549.6 | 753.5 | 335.3 | -74.0 |
D-96-03-22 | Infill | 4654.7 | 5286.4 | 2506.4 | 725.5 | 87.8 | -69.5 |
D-96-04-22 | Infill | 4654.7 | 5286.4 | 2506.4 | 791.4 | 54.4 | -76.5 |
S-09-22 | Exploration | 5490.2 | 4962.7 | 2517.2 | 1528.7 | 177.5 | -85.1 |
U-11-22 | Infill | 4495.7 | 5329.2 | 2070.0 | 1074.2 | 143.7 | -74.8 |
U-18-22 | Exploration | 4845.5 | 5324.1 | 1995.3 | 1200.1 | 359.6 | -78.1 |
U-23-22 | Infill | 4495.8 | 5329.5 | 2070.0 | 1087.4 | 130.0 | -77.8 |
Total Metres | 18,071.0 |
Grades are shown as contained metal before mill recoveries are applied. All samples provided in this news release were assayed by ALS Global,
Mineral resources and mineral reserves are as defined by the
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
Pan American owns and operates silver and gold mines located 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 timing for, amount of, and anticipated results of, any exploration or development programs with respect to the Company's La Colorada Skarn project, including the potential for further definition or expansion of the mineral resource in the future; the timing of any update to the mineral resource estimate and the results of any such update; and the potential generation of minerals, if any, and the quality thereof.
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 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 NI 43-101 and the
Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the
View original content to download multimedia:https://www.prnewswire.com/news-releases/pan-american-silver-drills-highest-grade-intercept-to-date-on-the-la-colorada-skarn-project-301590692.html
SOURCE
© Canada Newswire, source