Pan American Silver Gives Project update For The La Colorada Skarn Deposit

(Pan American Silver, 13.May.2021) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) provided results for 28 additional holes drilled at the La Colorada skarn deposit and an update of the project development. 

“Definition drilling continues to add confidence and scope to the skarn deposit, confirming wide, high-grade zones with intercepts up to 277 meter drill widths. Geological and resource modeling are currently underway to provide the foundation for a preliminary economic assessment,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.  “The 65,000 meter annual drill program prioritizes infill drilling during the first half of 2021, moving to step-out and exploration drilling in the second half of the year.”

Pan American is advancing the La Colorada skarn project, targeting to complete a preliminary economic assessment (“PEA”) technical report by the end of 2021.  In addition to surface and underground infill diamond drilling, Pan American is commencing geotechnical, ventilation, backfill, geochemistry, and hydro geology field evaluations along with mine, plant and infrastructure design studies with a number of specialized engineering firms. Metallurgical tests continue to demonstrate favorable flotation results and environmental baseline studies are ongoing.

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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 La Colorada mine operations.  These include projects such as camp expansions, access road upgrades, potential underground access ramp and shaft excavation entrances, ventilation systems and mine cooling to address the rock temperatures that increase with depth.