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Pan American Energy Announces Further Drill Results at Big Mack Lithium Project, Including Intersecting 22.85 m at 1.67% Li2O
CALGARY, Alberta, Feb. 01, 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, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS60) (\"Pan American” or the \"Company\") is pleased to announce additional assay results on 14 holes from the ongoing 2023/2024 diamond drill program on the Big Mack Lithium Project (“Property”), located approximately 80 kilometers north of the town of Kenora, ON. The drilling campaign is being carried out by Full force Diamond Drilling Ltd. (“Full Force”) under the geological guidance of Axiom Exploration Group Ltd. (“Axiom”). HIGHLIGHTS Drilling encountered high grade lithium-bearing intercepts within the Big Mack and Eleven Zone pegmatites: 1.90% Li2O over 16.90 meters within the western flank of the Big Mack pegmatite of 1.67% Li2O over 22.85 meters (BM23-011) 1.78% Li2O over 6.75 meters within the western flank of the Big Mack pegmatite of 1.46% Li2O over 12.00 meters (BM23-012) 2.36% Li2O over 1.90 meters and 1.79% Li2O over 6.60 meters within the western flank of the Big Mack pegmatite of 1.51% Li2O over 16.60 meters (BM23-014) 2.13% Li2O over 2.00 meters within the Eleven Zone pegmatite of 1.34% Li2O over 7.67 meters (BM23-017) 1.51% Li2O over 4.00 meters, 1.77% Li2O over 6.00 meters and 1.59% Li2O over 4.80 meters within the Eleven Zone pegmatite of 1.32% Li2O over 22.20 meters (BM23-021) Holes 10 to 15 show multiple lenses of lithium mineralization continue west from the interior of the Big Mack pegmatite. Holes 16 to 22 show multiple lenses of lithium mineralization stack below surface at the Eleven Zone pegmatite and remain open at depth. The on-going drilling program is currently testing a lithium surface anomaly that coincides with a geophysical target along strike of the Eleven Zone towards the west. Drill hole BM23-009 to BM23-015 were drilled to test the western flank of the Big Mack pegmatite, while BM23-016 to BM23-022 were drilled to test the Eleven Zone pegmatite. Big Mack targets BM23-010 and BM23-011 returned encouraging values of 1.23% Li2O over 22.60 m and 1.67% Li2O over 22.85 m respectively, while BM23-0014 returned 1.51% over 16.60 m. Eleven Zone targets BM23-017 and BM23-021 intercepted 1.50% Li2O over 14.53 m and 1.32% Li2O over 22.20 m respectively. These results indicate that meaningful mineralization may continue at depth through the western zone of the pegmatite, and provide valuable i...