(Pan American, 24.Feb.2022) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) provided results for 20 new infill and exploration holes, all of which contain multiple skarn and breccia intercepts.
“Drilling has improved our confidence in the mineralization to the east, west and south of the known skarn footprint, as reported in its 10 November 2021 news release,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology. “Drillhole S-73-21 confirmed high-grade mineralization more than 200 metres from S-71-21 with 78.55 metres of 76 g/t Ag, 0.36% Cu, 4.18% Pb and 9.55% Zn. To the west, U-83-21 confirmed high grade continuous mineralization, as previously indicated by hole U-05-21 and U-67-21.”
With 17,050 metres of drilling reported in this news release, the main focus in Q4 2021 was to infill and step out the drilling to the east, west and south sides of the skarn. In total, over 72,000 metres were drilled in 2021, which focused on infill and exploration to further define, expand and add confidence to the current inferred resource.
In 2022, Pan American plans to drill 55,000 metres at La Colorada for a cost of $18mn to $20mn to further explore and infill drill the skarn and adjacent veins. Pan American is aiming to provide an update to the 4 August 2020 mineral resource estimate for the La Colorada skarn concurrent with the release of its annual mineral reserve and mineral resource estimates around mid-year.
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