Pan American Silver Extends Silver zone at La Colorada Skarn

(Pan American Silver, 1.Nov.2022) — Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) released results for 45 new infill and exploration drill holes totaling 34,239 metres at the company’s 100% owned La Colorada Skarn project in Zacatecas, Mexico. The results include five new drill holes that further define a zone of high-grade mineralisation around drill hole 96-03-22 that was first disclosed by the company in a news release dated 21 July 2022. With the inclusion of these new drill holes, this area has been expanded to measure approximately 200 metres in diameter and up to 250 metres vertically.

La Colorada Skarn project: plan view of the high-grade silver zone (CNW Group/Pan American Silver Corp.)
La Colorada Skarn project: plan view of drill holes (CNW Group/Pan American Silver Corp.)

“The five new drill holes extend a zone of mineralisation with silver and base metal grades considerably higher than the average grade in the mineral resource estimate for the Skarn deposit disclosed on 14 September 2022,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology. “These drill holes confirm excellent grades and further drilling is planned over the coming months. In addition, step-out holes extend all three skarn zones compared to the resource estimate released in September 2022.”

Pan American identified a high-grade zone of the La Colorada Skarn earlier in 2022, releasing the first drill results on 21 July 2022. The zone is now defined by 13 holes, with recent highlights such as infill drill hole D-96-06-22 with 58.30 metres at 417 g/t Ag, 11.95% Pb and 9.39% Zn, including 37.25 metres at 545 g/t Ag, 15.66% Pb and 11.83% Zn and D-96-05-22 with 39.75 metres at 334 g/t Ag, 7.06% Pb and 4.02% Zn. The mineral resource estimate Pan American released on 14 September 2022 does not include these drill results because they were drilled after the cut-off date for the resource update.