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Pan American Energy Announces Further Drill Results at Big Mack Lithium Project, Including Intersecting 32.34 m at 1.49% Li2O
CALGARY, Alberta, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FRA: SS60) ("Pan American” or the "Company") is please
About this update from Pan American Energy Corp.
[{"type":"text","content":" CALGARY, Alberta, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FRA: SS60) (\"Pan American” or the \"Company\") is pleased to announce additional assay results on seven holes from the first phase of the 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 intercepts encountered high grade lithium-bearing petalite within the eastern extent of the Big Mack pegmatite: 1.97% Li2O over 5.04 meters and 2.33% Li2O over 2.14 meters within the interior of the Big Mack pegmatite of 1.49% Li2O over 32.34 meters (BM23-002). 1.99% Li2O over 2.35 meters and 1.89% Li2O over 3.00 meters within the interior of the Big Mack pegmatite of 1.55% Li2O over 18.35 meters (BM23-005). 1.23% Li2O over 1.00 meters within eastern extent of the Big Mack pegmatite of 0.76% Li2O over 3.0 meters (BM23-003). Holes #1-3, and 5 show lithium mineralization continues downwards from the surface within the interior and eastern extent of the Big Mack pegmatite. Drilling results suggest the Big Mack pegmatite body continues and remains open at depth (assays pending to evaluate mineralization). Drilling results encountered new pegmatite intersections to the south and below the Big Mack pegmatite (assays pending to evaluate mineralization). The on-going drilling program is currently testing a lithium surface anomaly that coincides with a geophysical target along strike of the Big Mack towards the Sprinkler pegmatite. Drill hole BM23-002 and BM23-005 were drilled to test the interior of the Big Mack Pegmatite, while BM23-003, -004, -006, -007, and -008 were drilled to test the eastern and western flanks of the Big Mack Pegmatite. BM23-002, and BM23-005 returned encouraging values of 1.49% Li2O over 32.34 m and 1.55% Li2O over 18.35 m respectively, while BM23-003 returned 0.76% over 3.0 m. These results indicate that meaningful mineralization continues at depth through the interior zone of the pegmatite, and provide valuable insights into mapping of the internal structure. Table 1 and Table 2 set out the specifics of the assay results from holes BM23-002-0...