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Pan American Energy Announces Results of Summer Prospecting Program at Big Mack Lithium Project
CALGARY, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6
About this update from Pan American Energy Corp.
[{"type":"text","content":" CALGARY, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS60) is pleased to announce assay results from its surface sampling program on the Big Mack Lithium Project. The results from the sampling program have provided valuable geochemical insight into the high-grade lithium mineralization observed at the Big Mack Pegmatite and Eleven Zone, as well as confirmed that high-grade lithium exists on the surface at the 6059 Pegmatite. The sampling program also identified other LCT pegmatites within the project area which are prospective for lithium, tantalum, and tin. The Company intends to continue its exploration efforts on the Big Mack Lithium Project with the aim of to delineating the full extent of the lithium-rich mineralized zones at the Project. The program was carried out by Axiom Exploration Group Ltd (“Axiom”) from May 18th, 2023 to June 7th, 2023, and consisted of sampling historically mapped surface exposed pegmatite occurrences across the Big Mack Lithium Project, as well as both known showings and other outcropping pegmatites along strike of the Big Mack and Sprinkler Zones. Channel sampling was used as a prospecting tool to obtain samples over pegmatites which were too flat and, therefore, difficult to acquire representative samples with a rock hammer/sledge. The program was designed to further refine drill targets and to test numerous surface mapped pegmatite occurrences that have not been historically analyzed for lithium. Highlights of the 2023 Prospecting Program A total of 342 grab/channel samples were collected. Following analysis (described below under the heading “Sampling, analytical methods and QA\\QC protocols”), 98 of the samples collected were shown to be above determined background threshold lithium values in the pegmatites and host rocks. Samples graded up to 3.21 % Li2O, with 25 samples reporting lithium assays above 1.00% Li2O from the Eleven, Big Mack, and 6059 zones. All three of these pegmatites have visible petalite on surface. Assays appear to show a geochemical trend (>1 km) continuing along strike between the Big Mack and Sprinkler/6059 Pegmatites, indicated by showings of anomalous lithium and other rare earth indicator elements. Channel sampling results returned 1.06 % Li2O over 19.30 m...