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Pan American Energy Announces Commencement of Metallurgical Testing on Core Samples From Horizon Lithium Project
CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FRA: SS60) ("Pan American” or the "Company") is pleas
About this update from Pan American Energy Corp.
[{"type":"text","content":" CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FRA: SS60) (\"Pan American” or the \"Company\") is pleased to announce the commencement of comprehensive metallurgical testing at University of Nevada, Reno (\"UNR\"). The Company delivered 46 individual lithium-bearing core samples from twelve separate drill holes at the Horizon Lithium Project (“Horizon”), located in the Big Smoky Valley, Esmeralda County, Nevada. The twelve represented drill holes were part of the Phase 1 and Phase 2 drilling campaigns completed by Pan American at Horizon in 2023. Utilizing the results of the Phase 1 and Phase 2 drilling, Pan American declared an indicated mineral resource of 1.325 million tonnes lithium carbonate equivalent (“LCE”) and an inferred mineral resource of 8.879 million tonnes LCE. The average grade of the indicated mineral resources was 669 ppm lithium (over a total tonnage of 372,845,000 tonnes) and the average grade of the inferred mineral resources was 680 ppm lithium (over a total tonnage of 2,453,963,000 tonnes). To provide a sample set that is representative of the deposit, the 46 submitted samples each carry an assayed lithium grade within 50 +/- of 669 ppm and each exhibit lithological traits that are characteristics of the host lithology. For additional details regarding the Company’s mineral resource estimate, please see the Company’s technical report for Horizon entitled “NI 43-101 Technical Report for the Horizon Lithium Project” with an effective date of December 21, 2023, filed on the Company’s SEDAR+ profile at www.sedarplus.ca. Jason Latkowcer, Chief Executive Officer, commented, “The commencement of the metallurgical research and evaluation on the Horizon core samples is a big step forward for the Company. Through thorough analysis and in collaboration with the UNR, we believe we can unlock valuable insights into the composition of the material at Horizon and potential extraction methods, with the ultimate goal of optimizing our process designs and thereby enhancing our competitive position. This strategic initiative aims not only to fuel innovation but also to position the Company for success.” The metallurgical testing and mineral processing procedure is divided into distinct phases. Phase 1 is currently underway: Phase 1: Sample Receipt and Preparation: ...