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Pan American Energy Commences Work on Inaugural Mineral Resource Estimate at the Horizon Lithium Project
CALGARY, Alberta, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS60) is pl
About this update from Pan American Energy Corp.
[{"type":"text","content":" CALGARY, Alberta, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS60) is pleased to announce that is has commenced work on its inaugural mineral resource estimate (“MRE”) at its Horizon Lithium Project (“Horizon” or the “Project”) in the Big Smoky Valley, Esmeralda County, Nevada. The Company has retained RESPEC, LLC (“RESPEC”), a leader in lithium claystone resource estimations and engineering design work, to complete the MRE as well as a technical report on the Project. RESPEC will use the results of the Company’s exploratory drilling program, which consisted of twenty-one targeted diamond core drill holes on the Project’s 17,334 acres of lithium-bearing claims and resulted in the discovery of significant lithium mineralization on the Project, to develop the MRE. RESPEC will provide geological analysis, resource modelling and reporting, and the production of a technical report in accordance with the Canadian Mining Institute of Mining, Metallurgy and Petroleum standards for disclosure in the form of a National Instrument 43-101 (“NI 43-101”) technical report for the Project. “The undertaking of work on a mineral resource estimate for Horizon underscores the substantial strides made by Pan American in the development of our lithium asset in Nevada,” states Pan American’s Chief Executive Officer Jason Latkowcer. “In less than a year, we were able to complete an extensive exploratory drill program and will soon be announcing a mineral resource estimate. This jurisdiction is world renowned as having some of the largest claystone lithium projects in the United States. RESPEC is well versed in modelling this type of mineralization, having recently completed an S-K 1300 report for American Battery Technology, our adjacent neighbour to the North, and we are confident in the quality and accuracy of their work. Our team believes that Horizon has the potential to further expand on the total resource base in the Big Smoky Valley and are eagerly looking forward to the release of the mineral resource estimate for Horizon.” Project tasks include database audit and quality assurance and quality control, mineral domain modeling for lithium, grade estimation, resource classification and reporting, open pit optimizations for resource constraints and the prepara...