VANCOUVER, BC,
"We drilled more metres on the skarn in the first quarter of 2022 than during any other quarterly period, with infill drilling increasing our confidence in the central skarn resource and exploration drilling further defining the extensions to the east, south and west," said
Drill Highlights Include:
- U-04-22: 233.70 m of 44 g/t Ag, 0.15% Cu, 4.05% Pb and 5.04% Zn
- U-08-22: 174.95 m of 40 g/t Ag, 0.21% Cu, 0.17% Pb and 7.95% Zn including 99.10 m of 56 g/t Ag, 0.28% Cu, 0.24% Pb and 10.78% Zn and 46.95 m of 78 g/t Ag, 0.07% Cu, 3.84% Pb and 8.79% Zn
- D-96-01-21: 154.00 m of 57 g/t Ag, 0.08% Cu, 2.43% Pb and 4.36% Zn, including 96.00 m of 78 g/t Ag, 0.11% Cu, 3.12% Pb and 5.68% Zn
- U-105-21: 121.45 m of 77 g/t Ag, 0.08% Cu, 2.00% Pb and 5.48% Zn; and 32.90 m of 104 g/t Ag, 0.09% Cu, 0.36% Pb and 3.43% Zn; and 44.15 m of 114 g/t Ag, 0.04% Cu, 3.15% Pb and 4.15% Zn; and 16.55 m of 122 g/t Ag, 0.11% Cu, 5.05% Pb and 9.07% Zn
- U-127-21: 101.90 m of 43 g/t Ag, 0.18% Cu, 0.48% Pb and 6.62% Zn
- U-95-21: 88.30 m of 49 g/t Ag, 0.07% Cu, 1.46% Pb and 5.08% Zn; and 35.35 m of 83 g/t Ag, 0.03% Cu, 3.66% Pb and 2.14% Zn; and 22.55 m of 176 g/t Ag, 0.09% Cu, 3.33% Pb and 5.94% Zn
- D-62-04-21: 117.10 m of 64 g/t Ag, 0.06% Cu, 2.06% Pb and 3.24% Zn including 53.05 m of 99 g/t Ag, 0.07% Cu, 4.07% Pb and 5.97% Zn and 28.35 m of 157 g/t Ag, 0.02% Cu, 4.56% Pb and 5.82% Zn
- D-77-01-22: 102.05 m of 58 g/t Ag, 0.13% Cu, 1.42% Pb and 3.43% Zn including 26.65 m of 124 g/t Ag, 0.22% Cu, 2.26% Pb and 5.53% Zn and 15.30 m of 43 g/t Ag, 0.03% Cu, 2.46% Pb and 4.38% Zn
Drilling from an underground platform into the western part of the skarn deposit has successfully expanded the mineralization 120 metres to the northwest with step-out drill holes 105-21, 08-22, 95-21, and 127-21 all containing multiple polymetallic sulphide intercepts up to 175 metres in length, as reported in "Drill Highlights" above. The skarn deposit remains open to the northwest and at depth.
Infill drilling in the central eastern part of the deposit confirmed continuous mineralization over a 400 metre-wide area.
The eastern part of the deposit has been extended 80 metres to the north and south, with infill and exploration drilling from surface platforms defining multiple mineralized intercepts in step-out drill holes D-73-1-21 and D-71-04-21 and D-62-04-21, ranging between 10 to 117 metres wide.
The central part of the deposit was extended 150 metres to the south with step out drilling from surface located at S-90-21 and S-95-21. Six holes (95-04/05/06/07/08 and 09) all reported wide zones of breccia-style mineralization up to 215 metres thick. The deposit remains open to the south.
Summary of Drill Results
The following table provides the drill results for the
Previous drill results not included in this table are disclosed in Pan American's news releases, which are available, together with cross sections, plan and images of the skarn mineralized core, 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- | 511.90 | 516.55 | 4.65 | 100 | 0.14 | 1.82 | 4.19 |
and | 1130.45 | 1176.15 | 45.70 | 34 | 0.27 | 1.18 | 2.35 |
D-62-04-21 | 1030.45 | 1058.80 | 28.35 | 157 | 0.02 | 4.56 | 5.82 |
and | 1187.10 | 1304.20 | 117.10 | 64 | 0.06 | 2.06 | 3.24 |
Including | 1187.10 | 1240.15 | 53.05 | 99 | 0.07 | 4.07 | 5.97 |
D-62-05-21 | 1057.30 | 1070.70 | 13.40 | 123 | 0.04 | 3.88 | 6.57 |
and | 1482.75 | 1514.40 | 31.65 | 125 | 0.53 | 0.78 | 1.38 |
and | 1554.70 | 1593.80 | 39.10 | 102 | 0.26 | 0.69 | 8.82 |
D-66-04-21 | 1301.20 | 1304.25 | 3.05 | 355 | 0.02 | 1.21 | 0.25 |
and | 1314.75 | 1341.00 | 26.25 | 28 | 0.07 | 2.21 | 4.02 |
D-66-05-21 | 1059.35 | 1068.45 | 9.10 | 58 | 0.39 | 1.33 | 8.02 |
and | 1149.55 | 1160.85 | 11.30 | 42 | 0.12 | 2.60 | 4.03 |
D-71-04-21(2) | 1291.80 | 1361.20 | 69.40 | 71 | 0.07 | 2.37 | 6.64 |
and | 1376.30 | 1389.20 | 12.90 | 39 | 0.21 | 3.49 | 5.54 |
D-71-05-22 | 1147.95 | 1177.55 | 29.60 | 27 | 0.03 | 1.29 | 2.63 |
and | 1264.65 | 1332.65 | 68.00 | 27 | 0.07 | 1.00 | 1.61 |
D-73-01-21(3) | 1235.35 | 1251.85 | 16.50 | 50 | 0.15 | 1.19 | 3.14 |
and | 1525.05 | 1593.45 | 68.40 | 52 | 0.38 | 0.32 | 1.47 |
D-73-03-21 | 988.95 | 1030.00 | 41.05 | 39 | 0.06 | 2.15 | 3.40 |
and | 1053.50 | 1128.85 | 75.35 | 75 | 0.13 | 1.20 | 3.15 |
Including | 1082.20 | 1103.40 | 21.20 | 55 | 0.17 | 2.54 | 4.79 |
D-73-04-21 | 994.60 | 1098.65 | 104.05 | 23 | 0.04 | 1.30 | 2.61 |
Including | 1052.20 | 1072.40 | 20.20 | 45 | 0.11 | 2.72 | 4.86 |
and | 1474.60 | 1481.75 | 7.15 | 6 | 0.03 | 0.02 | 7.37 |
D-73-05-21 | 957.45 | 963.50 | 6.05 | 29 | 0.07 | 1.87 | 4.12 |
and | 1149.15 | 1195.55 | 46.40 | 25 | 0.20 | 1.59 | 4.62 |
D-77-01-22 | 864.65 | 879.95 | 15.30 | 43 | 0.03 | 2.46 | 4.38 |
and | 1101.20 | 1203.25 | 102.05 | 58 | 0.13 | 1.42 | 3.43 |
Including | 1161.85 | 1188.50 | 26.65 | 124 | 0.22 | 2.26 | 5.53 |
D-79-01-21 | 630.80 | 652.95 | 22.15 | 73 | 0.25 | 1.95 | 6.91 |
D-79-02-21 | 635.90 | 652.15 | 16.25 | 69 | 0.17 | 1.85 | 5.77 |
D-79-03-21 | 999.75 | 1011.20 | 11.45 | 19 | 0.13 | 0.18 | 2.31 |
D-79-04-22 | 1025.90 | 1039.05 | 13.15 | 61 | 0.31 | 0.29 | 2.15 |
D-81-05-22 | 787.10 | 797.15 | 10.05 | 380 | 0.15 | 2.52 | 5.25 |
D-90-01-21 | 676.25 | 702.10 | 25.85 | 143 | 1.14 | 0.87 | 0.93 |
and | 772.50 | 785.50 | 13.00 | 112 | 1.08 | 3.71 | 4.73 |
and | 970.00 | 990.20 | 20.20 | 54 | 0.09 | 2.69 | 3.13 |
and | 1374.10 | 1433.00 | 58.90 | 13 | 0.04 | 2.12 | 2.84 |
D-93-01-21 | 1066.00 | 1208.10 | 142.10 | 16 | 0.08 | 1.18 | 2.17 |
Including | 1182.00 | 1208.10 | 26.10 | 35 | 0.22 | 1.90 | 2.54 |
and | 1342.90 | 1391.00 | 48.10 | 37 | 0.02 | 0.21 | 2.97 |
D-93-02-21 | 1053.85 | 1242.25 | 188.40 | 20 | 0.10 | 1.45 | 2.43 |
Including | 1084.30 | 1119.45 | 35.15 | 24 | 0.11 | 2.04 | 3.94 |
D-95-04-21(3) | 1101.15 | 1316.40 | 215.25 | 31 | 0.09 | 1.12 | 1.76 |
Including | 1155.60 | 1191.75 | 36.15 | 64 | 0.11 | 1.93 | 2.53 |
and | 1365.15 | 1381.95 | 16.80 | 32 | 0.21 | 2.74 | 5.67 |
and | 1627.15 | 1695.20 | 68.05 | 44 | 0.24 | 0.27 | 3.57 |
D-95-05-21 | 1066.00 | 1089.75 | 23.75 | 56 | 0.16 | 0.91 | 2.20 |
and | 1355.65 | 1383.75 | 28.10 | 85 | 0.69 | 1.21 | 2.16 |
D-95-06-21 | 1068.60 | 1079.45 | 10.85 | 44 | 0.07 | 0.77 | 2.05 |
and | 1279.10 | 1283.60 | 4.50 | 185 | 0.30 | 6.30 | 6.85 |
D-95-07-21 | 1142.20 | 1189.75 | 47.55 | 57 | 0.15 | 1.86 | 2.45 |
and | 1199.00 | 1286.65 | 87.65 | 28 | 0.14 | 1.38 | 3.22 |
and | 1320.15 | 1404.90 | 84.75 | 36 | 0.20 | 1.58 | 3.15 |
D-95-08-21 | 1344.85 | 1359.50 | 14.65 | 85 | 0.25 | 3.59 | 6.62 |
and | 1381.05 | 1417.60 | 36.55 | 46 | 0.13 | 1.05 | 2.13 |
and | 1568.95 | 1595.65 | 26.70 | 58 | 0.40 | 0.55 | 3.66 |
D-95-09-22 | 1144.25 | 1156.20 | 11.95 | 250 | 0.45 | 3.63 | 5.68 |
and | 1466.55 | 1480.35 | 13.80 | 88 | 0.24 | 0.71 | 3.75 |
D-96-01-21 | 1199.20 | 1353.20 | 154.00 | 57 | 0.08 | 2.43 | 4.36 |
Including | 1199.20 | 1295.20 | 96.00 | 78 | 0.11 | 3.12 | 5.68 |
D-96-02-22 | 1303.90 | 1331.65 | 27.75 | 68 | 0.06 | 2.49 | 4.66 |
S-79-21 | 630.35 | 654.50 | 24.15 | 138 | 0.56 | 1.74 | 7.69 |
and | 1391.10 | 1401.85 | 10.75 | 16 | 0.03 | 2.72 | 4.26 |
and | 1416.85 | 1430.15 | 13.30 | 56 | 0.06 | 3.20 | 8.16 |
and | 1469.20 | 1501.30 | 32.10 | 32 | 0.04 | 0.35 | 3.23 |
and | 1522.25 | 1538.55 | 16.30 | 29 | 0.07 | 0.32 | 3.69 |
S-90-21 | 687.30 | 832.10 | 144.80 | 60 | 0.41 | 0.99 | 1.72 |
and | 1036.05 | 1083.75 | 47.70 | 25 | 0.09 | 0.70 | 2.26 |
S-93-21 | 1051.25 | 1074.60 | 23.35 | 67 | 0.03 | 2.93 | 1.74 |
and | 1086.25 | 1118.10 | 31.85 | 15 | 0.07 | 1.32 | 2.21 |
and | 1140.10 | 1246.45 | 106.35 | 22 | 0.05 | 2.28 | 2.48 |
S-96-21 | 173.50 | 188.05 | 14.55 | 1092 | 0.07 | 0.72 | 1.12 |
and | 1274.45 | 1402.80 | 128.35 | 37 | 0.06 | 2.08 | 3.35 |
S-96A-21 | 180.70 | 188.50 | 7.80 | 575 | 0.05 | 0.45 | 0.86 |
U-04-22 | 579.40 | 813.10 | 233.70 | 44 | 0.15 | 4.05 | 5.04 |
Including | 670.70 | 755.25 | 84.55 | 49 | 0.22 | 4.96 | 6.51 |
U-07-22 | 891.55 | 894.80 | 3.25 | 134 | 0.06 | 1.72 | 14.25 |
U-08-22 | 392.35 | 423.85 | 31.50 | 79 | 0.09 | 2.82 | 3.83 |
and | 532.20 | 570.65 | 38.45 | 60 | 0.03 | 3.45 | 4.53 |
and | 697.90 | 744.85 | 46.95 | 78 | 0.07 | 3.84 | 8.79 |
and | 890.15 | 1065.10 | 174.95 | 40 | 0.21 | 0.17 | 7.95 |
Including | 920.70 | 1019.80 | 99.10 | 56 | 0.28 | 0.24 | 10.78 |
U-105-21 | 311.15 | 327.70 | 16.55 | 122 | 0.11 | 5.05 | 9.07 |
and | 495.15 | 499.50 | 4.35 | 104 | 0.20 | 3.98 | 5.89 |
and | 551.35 | 595.50 | 44.15 | 114 | 0.04 | 3.15 | 4.15 |
and | 641.50 | 762.95 | 121.45 | 77 | 0.08 | 2.00 | 5.48 |
Including | 641.50 | 722.40 | 80.90 | 95 | 0.08 | 2.07 | 6.77 |
and | 874.15 | 907.05 | 32.90 | 104 | 0.09 | 0.36 | 3.43 |
and | 944.30 | 969.15 | 24.85 | 14 | 0.11 | 0.04 | 4.59 |
U-109-21 | 868.00 | 874.55 | 6.55 | 69 | 0.12 | 0.26 | 7.29 |
U-110-21 | 442.50 | 449.40 | 6.90 | 223 | 0.04 | 3.04 | 6.97 |
U-115-21 | 143.15 | 174.15 | 31.00 | 42 | 0.02 | 1.18 | 4.48 |
and | 730.70 | 739.15 | 8.45 | 575 | 0.07 | 14.63 | 16.14 |
and | 789.20 | 828.90 | 39.70 | 72 | 0.11 | 4.16 | 6.24 |
U-125-21 | 577.30 | 583.55 | 6.25 | 248 | 0.06 | 3.65 | 13.59 |
U-127-21 | 937.00 | 968.60 | 31.60 | 86 | 0.13 | 0.48 | 3.50 |
and | 1002.50 | 1104.40 | 101.90 | 43 | 0.18 | 0.48 | 6.62 |
Including | 1004.60 | 1061.00 | 56.40 | 59 | 0.22 | 0.57 | 9.94 |
and | 1135.20 | 1149.00 | 13.80 | 53 | 2.12 | 0.10 | 0.22 |
U-95-21 | 369.80 | 392.35 | 22.55 | 176 | 0.09 | 3.33 | 5.94 |
and | 506.05 | 541.40 | 35.35 | 83 | 0.03 | 3.66 | 2.14 |
and | 790.95 | 879.25 | 88.30 | 49 | 0.07 | 1.46 | 5.08 |
Including | 808.40 | 821.85 | 13.45 | 70 | 0.18 | 2.16 | 19.73 |
(1) | True widths of the mineralized intervals are unknown at this time. |
(2) | Partial results received. |
(3) | Partial results were reported in the news release dated |
La Colorada Skarn - Drill Hole Collar Information
Drill Hole ID | Type | East Local | North Local | Elevation | Length (m) | Azimuth Avg (0) | Dip Avg |
D- | Infill | 5367.1 | 5477.5 | 2556.2 | 930.0 | 146.5 | -80.9 |
D-62-04-21 | Exploration | 5996.9 | 5753.7 | 2554.7 | 503.4 | 120.1 | -84.6 |
D-62-05-22 | Exploration | 5996.9 | 5753.7 | 2554.7 | 719.5 | 16.6 | -86.3 |
D-66-04-21 | Infill | 5060.5 | 5509.3 | 2511.2 | 897.7 | 143.7 | -68.8 |
D-66-05-21 | Infill | 5060.5 | 5509.3 | 2511.2 | 870.6 | 168.3 | -74.0 |
D-71-04-21 | Infill | 6004.3 | 5588.6 | 2529.3 | 811.2 | 195.3 | -80.1 |
D-71-05-22 | Infill | 6004.3 | 5588.6 | 2529.3 | 721.2 | 30.3 | -80.0 |
D-73-01-21 | Infill | 5798.7 | 5607.7 | 2578.1 | 994.9 | 105.1 | -86.9 |
D-73-03-21 | Infill | 5798.7 | 5607.7 | 2578.1 | 825.6 | 302.1 | -80.6 |
D-73-04-21 | Infill | 5798.7 | 5607.7 | 2578.1 | 702.8 | 44.5 | -81.0 |
D-73-05-21 | Infill | 5798.7 | 5607.7 | 2578.1 | 707.0 | 27.8 | -74.0 |
D-77-01-22 | Exploration | 5777.8 | 5504.1 | 2540.8 | 814.1 | 87.0 | -81.0 |
D-79-01-21 | Exploration | 5808.0 | 5209.2 | 2482.2 | 802.4 | 253.2 | -79.0 |
D-79-02-21 | Exploration | 5808.0 | 5209.2 | 2482.2 | 742.9 | 206.4 | -61.2 |
D-79-03-21 | Exploration | 5808.0 | 5209.2 | 2482.2 | 823.6 | 224.9 | -77.9 |
D-79-04-22 | Exploration | 5808.0 | 5209.2 | 2482.2 | 675.8 | 319.3 | -84.1 |
D-81-05-22 | Infill | 5804.8 | 5770.1 | 2590.7 | 645.7 | 256.9 | -80.7 |
D-90-01-21 | Exploration | 5538.7 | 5004.4 | 2532.2 | 1075.6 | 133.2 | -82.1 |
D-93-01-21 | Infill | 4926.3 | 5166.1 | 2469.7 | 581.2 | 138.7 | -77.0 |
D-93-02-21 | Infill | 4926.3 | 5166.1 | 2469.7 | 489.1 | 225.4 | -66.7 |
D-95-04-21 | Exploration | 5403.1 | 5126.1 | 2549.6 | 841.3 | 72.9 | -72.1 |
D-95-05-21 | Exploration | 5403.1 | 5126.1 | 2549.6 | 574.8 | 129.1 | -77.8 |
D-95-06-21 | Exploration | 5403.1 | 5126.1 | 2549.6 | 573.0 | 92.3 | -74.0 |
D-95-07-21 | Exploration | 5403.1 | 5126.1 | 2549.6 | 783.9 | 12.6 | -73.4 |
D-95-08-21 | Exploration | 5403.1 | 5126.1 | 2549.6 | 796.0 | 41.4 | -81.3 |
D-95-09-22 | Exploration | 5403.1 | 5126.1 | 2549.6 | 832.3 | 71.8 | -83.0 |
D-96-01-21 | Infill | 4654.7 | 5286.4 | 2506.4 | 639.0 | 122.9 | -75.8 |
D-96-02-22 | Infill | 4654.7 | 5286.4 | 2506.4 | 793.0 | 129.7 | -81.7 |
S-79-21 | Exploration | 5808.0 | 5209.2 | 2482.2 | 1652.3 | 286.9 | -86.8 |
S-90-21 | Exploration | 5538.7 | 5004.4 | 2532.2 | 1664.8 | 0.0 | -90.0 |
S-93-21 | Infill | 4926.3 | 5166.1 | 2469.7 | 1416.0 | 22.6 | -73.6 |
S-96-21 | Infill | 4654.7 | 5286.4 | 2506.4 | 1496.5 | 104.4 | -80.0 |
S-96A-21 | Infill | 4656.1 | 5285.5 | 2505.1 | 188.5 | 0.0 | -90.0 |
U-04-22 | Infill | 4843.3 | 5321.3 | 1995.1 | 814.1 | 187.8 | -80.6 |
U-07-22 | Exploration | 4423.7 | 5065.6 | 2102.9 | 1200.4 | 150.9 | -83.2 |
U-08-22 | Infill | 4844.9 | 5324.0 | 1995.2 | 1152.1 | 358.0 | -82.6 |
U-105-21 | Exploration | 4845.6 | 5319.5 | 1995.6 | 1023.4 | 323.0 | -81.9 |
U-109-21 | Exploration | 4495.1 | 5329.6 | 2070.1 | 1175.5 | 242.1 | -83.3 |
U-110-21 | Exploration | 4426.4 | 5067.8 | 2106.1 | 1253.7 | 262.8 | -88.3 |
U-115-21 | Exploration | 4843.3 | 5321.3 | 1995.1 | 926.8 | 230.5 | -78.2 |
U-125-21 | Exploration | 4426.4 | 5067.8 | 2106.1 | 1176.1 | 92.2 | -86.9 |
U-127-21 | Exploration | 4496.1 | 5330.1 | 2070.5 | 1187.7 | 115.3 | -87.5 |
U-95-21 | Exploration | 4845.0 | 5320.8 | 1995.5 | 965.1 | 25.1 | -83.7 |
Total Metres | 38460.0 |
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 SGS Durango, Mexico using acid digestion with ICP finish for silver, lead, zinc, and copper and ALS Global using the same analytical procedure. Samples sent to SGS Durango were prepared in Durango and ALS Global are prepared in
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
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