Business
Pan American Energy Announces Completion of Phase Two Drill Program at Big Mack Lithium Project
CALGARY, Alberta, March 12, 2024 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS60) ("Pan American” or the "Company") is pleased
About this update from Pan American Energy Corp.
[{"type":"text","content":" CALGARY, Alberta, March 12, 2024 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS60) (\"Pan American” or the \"Company\") is pleased to announce the completion of the Phase Two Drilling program on its Big Mack Lithium Project (the “Property”), located approximately 80 kilometers north of the town of Kenora, ON. The drilling program was carried out by Fullforce Diamond Drilling Ltd. (“Full Force”) under the geological support of Axiom Exploration Group Ltd. (“Axiom”). The program commenced on January 6th, completing 3720 meters over 25 drill holes. This brings the 2023 Phase One and 2024 Phase Two drilling program total to 8322 meters. The project was completed both on time and on budget. 2355 samples obtained through the Phase Two program have been submitted to ALS Global for geochemical analysis. This second phase of drilling mainly focused on areas of the Property with no historic drilling data. Targets were generally identified using 2023 geochemical surface sampling results and UAV detailed magnetic survey results at the Project, with prospective areas extending along strike and down dip of previously identified mineralization also being a target of the Phase Two program. Assay results are expected to be received in the coming weeks. Phase Two Drill Program Details: Two drill holes totaling 369 meters tested the down dip extension of the Big Mack Pegmatite. Fourteen drill holes totaling 1897 meters tested the 6059/Sprinkler Zone and surrounding area, including identified magnetic low extensions of these pegmatites, as well as targets proximal to surface samples with elevated LCT pegmatite indicator elements. Eight exploratory drill holes totaling 1328.5 meters tested along strike to the east and the west of the Big Mack and Eleven Zone pegmatites where elevated surface geochemical signatures were identified with coincident magnetic lows. A 126 meter drill hole tested the down dip extension of the Eleven Zone surface expression and previous drilling intercepts. Jason Latkowcer, Chief Executive Officer, commented, “We are extremely pleased to have completed the Second Phase of the Big Mack Drilling Program. We would like to thank our contractors and technical team for the safe and efficient execution of this campaign. The data collected from this program will serve as a solid foundation for the ...