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Pan American Energy Drills Continuous Clay Intercept to Significant Depth at The Horizon Lithium Project on Maiden Drill Hole HL010
CALGARY, Alberta, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6) is plea
About this update from Pan American Energy Corp.
[{"type":"text","content":" CALGARY, Alberta, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6) is pleased to announce the Company and its partners (“Partners”), KB Drilling (“KB”) and RESPEC Consulting Inc. (“RESPEC”) has encountered 878 feet of nearly continuous potential lithium-bearing claystone at the maiden drill hole, HL010. This drill hole is the furthest drill target to the northeast of the fully permitted 22-hole program. The Company is pleased to report that it continued to observe potential lithium-bearing claystone at 989 feet of depth and did not encounter the base of the Siebert Formation along the margin of the basin. Jason Latkowcer, Chief Executive Officer comments, “This maiden drill hole has exceeded our expectations. We’ve observed nearly continuous potential lithium-bearing claystone near surface and at depth. Having not reached the base of the Siebert Formation, additional potential claystone mineralization may exist beyond 989 feet. If this hole returns favorable results for lithium mineralization, it will certainly advance our objective of defining a meaningful lithium resource estimate. Our second drill hole is already showing early indications of similar potential.” Figure 1 - Pan American Drill Hole Location A total of 181 samples will be sent for expedited testing and analysis to ALS Global (“ALS”) in Reno, Nevada. Having successfully completed drill hole HL010, the Company and its partners have begun drilling at drill hole two (2), HL090. Figure 2 - Core for Drill Hole HL010 Qualified Person The technical content of this news release has been reviewed by Tabetha Stirrett, P.Geo, who is a Qualified Person as defined by NI 43-101. About Pan American Energy Corp. Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) (FSE: SS6) is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties containing battery metals in North America. The Company’s maiden asset is the 100% owned Green Energy Lithium Project, located in the Paradox Basin, Utah, USA. The Company has also entered a property option agreement with Horizon Lithium LLC with the right to acquire 100% interest in the Horizon Lithium Project, located within the Clayton Valley – Tonopah Lithium Belt, Nevada, USA. The Company execute...