Pan American’s exploration program focuses on near-mine exploration and mineral useful resource conversion all through its portfolio. Because the final exploration replace offered on December 5, 2023, a complete of 223,157 metres have been drilled over the November 1, 2023 to April 30, 2024 interval. The Firm plans to drill a further 200,000 metres from Could 2024 to December 2024.
The drill outcomes disclosed on this information launch, along with the outcomes from the second half of the 2023 drill program, will likely be built-in into the Firm’s mineral reserves and mineral assets replace as at June 30, 2024, which is anticipated to be launched in August 2024. All intercepts are reported as estimated true widths in metres (“m”).
EXPLORATION HIGHLIGHTS
Jacobina mine, Brazil:
Jacobina is an underground paleo-placer gold mine positioned within the state of Bahia in northeastern Brazil. Mineralization is hosted by a collection of steeply to reasonably dipping quartz pebble conglomerate reefs, which vary as much as a number of metres in width. The mine complicated extends over eight kilometres north/south, with mineral assets and exploration targets extending over a 14 kilometre development. Mineralization stays open at depth and alongside strike in a number of areas.
- Current drilling at Jacobina totaled 30,426m, using as much as 13 floor and underground diamond drill rigs. This system included 18,847m of infill drilling to assist conversion of inferred to indicated mineral assets at João Belo Sul, Morro do Vento, Serra do Córrego and Maricota zones. Exploration drilling totaling 7,930m was aimed toward including new mineral assets on the Maricota, João Belo Sul, João Belo Norte and Morro do Vento zones. As well as, 3,649m of exploration drilling examined new targets proximal to the mine space.
- 7,088m of infill drilling at João Belo Sul confirms mineralization continuity, with drill gap JBS00062 returning 6.42m @ 2.37 g/t Au, together with 2.72m @ 3.90 g/t Au and 6.23m @ 2.77 g/t Au, together with 2.87m @ 4.12g/t Au.
- At Morro do Vento, infill drilling confirms continuity and better grades within the higher reefs in areas that had restricted earlier drilling. Gap MVTEX00195 returned 3.29m @ 15.40 g/t Au and 6.11m @ 2.48 g/t Au, together with 2.10m @ 3.77 g/t Au. Gap MVTEX00191 included 8.14m @ 4.31 g/t Au, together with 2.22m @ 6.38 g/t Au. A portion of the decrease conglomerate zone was efficiently transformed to indicated mineral assets with infill gap MVTEX00193 returning 6.76m @ 3.91 g/t Au and a couple of.48m @ 4.53 g/t Au and MVTEX00198, with 7.02m @ 2.35 g/t Au, together with 2.64m @ 4.24 g/t Au.
- Exploration and infill drilling at Maricota additionally confirmed grade continuity. Drill highlights embody holes MRCEX0019, with 8.45m @ 2.22 g/t Au, together with 4.84m @ 3.05 g/t Au, MRCEX0016 with 2.56m @ 4.04 g/t Au (LVLPC reef) and 1.19m @ 56.48 g/t Au (HW reef), and infill gap MRCEX00020, with 2.88m @ 5.88 g/t Au. The Maricota zone stays open at depth and alongside strike to the north.
- Infill drill outcomes at Serra do Córrego verify larger grades attribute of this sector. Highlights embody drill gap SCOEX00017 with 11.59m @ 3.37 g/t Au (together with 4.17m @ 4.90 g/t Au and a couple of.83m @ 4.17 g/t Au), and 14.00m @ 5.55 g/t Au (together with 3.30m @ 15.92 g/t Au and a couple of.47m @ 6.07 g/t Au).
El Peñon, Chile:
El Peñon is a high-grade low-sulphidation epithermal vein Au-Ag deposit, positioned at a median elevation of 1,800 m above sea degree throughout the Paleocene mineral belt of northern Chile. The deposit consists of a collection of steeply to reasonably dipping, north-south placing quartz veins, which lengthen inside a 14 kilometre lengthy northeast trending hall. The 122,000 ha property hosts a number of satellite tv for pc deposits and targets, that are actively being explored.
- Current drilling totaled 44,645m (20,538 m infill drilling and 24,107m exploration) with as much as 14 drill rigs. Infill drilling centered on conversion of inferred to indicated mineral assets in a number of most important buildings (El Valle, Pampa Campamento and Martillo Flats SSE veins) and on the Chiquilla Chica and Tostado Sur zones, positioned 20 kilometres and eight kilometres southwest of the core mine space, respectively.
- Continued constructive infill and exploration drilling on the central El Valle vein and northern extension of the Pampa Campamento vein. Highlights at Pampa Campamento embody UIP0163, with 0.95m @ 11.0 g /t Au and 258 g/t Ag and 1.80m @ 12.2 g/t Au and 182 g/t Ag, and UIP0155, with 0.72m @ 21.5 g/t Au and 748 g/t Ag and UEP0060 returned 0.76m @ 7.6 g/t Au and 207 g/t Ag. Infill drilling at El Valle confirms excessive grade buildings with SIV0007 returning 1.33m @ 13.1 g/t Au and 403 g/t Ag, and 0.61m @ 28.5 g/t Au and 204 g/t Ag, UIV0076 with 1.67m @ 11.7 g/t Au and 449 g/t Ag and gap SEV0009 intersected 1.11m @ 12.0 g/t Au and 356 g/t Ag.
- Preliminary exploration drilling on the newly found Pampa Sur vein, south of the core mine space, returned constructive leads to gap SEP0050, with 0.80m @ 15.6 g/t Au and 94 g/t Ag, and gap SEP0032 with 1.22m @ 22.2 g/t Au and 1,005 g/t Ag. Pampa Sur represents a superb alternative so as to add new mineral assets near present mine infrastructure.
- Excessive-grade silver outcomes have been confirmed in infill drilling at Tostado Sur zone with 1.03m @ 7,574 g/t Ag and 0.1 g/t Au (drill gap SIH0015), 1.02m @ 3,802 g/t Ag (SIH0014) and seven.50m @ 1,217 g/t Ag and 0.1 g/t Au (SIH0016).
La Colorada mine, Mexico:
The La Colorada mine is a silver-rich polymetallic vein mine positioned within the state of Zacatecas, Mexico. The deposit is an intermediate sulphidation epithermal vein system, with related splays. Particular person veins are sometimes one to 2 metres large with strike lengths of between 900 metres and 1.5 kilometres.
- A complete of 75 holes for 15,705m of infill drilling was accomplished, specializing in the vein targets (NC2, Mariana, Intermedia, Veta 3, SE system, and Liz) from each floor and underground. 15 floor exploration holes efficiently prolonged the NC2 vein to the east and intercepted two new buildings (Mariana and Intermedia).
- Outcomes from drilling on the east extension of the NC2 vein returned high-grade silver intercepts. Drill highlights embody: S-108-23 with 1.42m @ 1,131 g/t Ag, 3.05% Pb, 5.50% Zn (NC2 vein) and 0.85m @ 760 g/t Ag, 0.48% Pb, 0.86% Zn (Mariana vein) and S-27-24, with 1.04m @ 5,991 g/t Ag, 4.06% Pb, 8.74% Zn (NC2 vein), 0.59m @ 2,291 g/t Ag, 3.27% Pb, 6.08% Zn (Intermedia East vein) and a couple of.51m @ 426 g/t Ag, 1.22% Pb, 3.63% Zn (Mariana vein).
- S-05-24 drill gap, deliberate as a part of the La Colorada Skarn infill program, intercepted a number of buildings within the San Geronimo vein system south of the NC2 Vein. Drill gap S-05-24 intersected a brand new vein with 1.41m @ 825 g/t Ag, 4.48% Pb, 9.26% Zn, a splay vein with 1.95m @ 1,755 g/t Ag, 2.69% Pb, 5.78% Zn and a second construction with 2.16m @ 1,190 g/t Ag, 1.19% Pb, 2.22% Zn. This drill gap confirms extra buildings on the San Geronimo vein system along with the three already identified veins masking an space of 400m alongside strike and 600m vertical.
- A brand new vein system parallel to the NC2 vein was found within the SE space of the mine primarily based on the drilling of S-20-24 and S-71-24. S-20-24 intersected the Cristina vein with 5.67m @ 614 g/t Ag, 2.10% Pb and 5.95% Zn and new splay veins with 0.36m @ 2,336 g/t Ag, 2.24% Pb, 4.52% Zn, 1.12m @ 1,212 g/t Ag, 2.32% Pb, 2.59% Zn and 0.65m @ 1,551 g/t Ag, 5.28% Pb and seven.93% Zn. S-71-24 intersected the Cristina vein with 1.89m @ 3,342 g/t Ag, 0.96 g/t Au, 4.62% Pb and 4.67% Zn and a second vein with 29.51m @ 128 g/t Ag, 0.85 g/t Au, 2.28% Pb and 5.80% Zn.
Huaron mine, Peru:
The Huaron mine, located within the western cordillera of the Andes throughout the Cerro de Pasco Division of central Peru, is a polymetallic deposit that includes zinc, lead, silver, and copper. The deposit is outlined by hydrothermal veins and alternative our bodies hosted in folded and faulted sedimentary rocks.
- A complete of 78 holes for 18,419m had been drilled, centered on brownfield extensions to outline new inferred mineral assets alongside principal buildings within the mid and decrease portion of the mine space in addition to the Horizonte zone. The Horizonte zone is an rising a number of vein system southwest of the core mine space. Growth alongside these veins continues to outline mineral assets on this space.
- Excessive-grade mineralization on the Patrick vein was prolonged by 200m and stays open at depth. Outcomes embody DDH-U-041-24 with 1.66m @ 819 g/t Ag, 11.53% Pb and 14.48% Zn and gap DDH-U-047-24 with 5.46m @ 331 g/t Ag, 1.32% Pb and three.58% Zn.
- The east extension on the Cometa Ramal vein was confirmed with DDH-U-049-24 with 2.32m @ 627 g/t Ag, 3.36% Pb and 17.77% Zn, gap DDH-U-018-24 with 4.0 m @ 333 g/t Ag, 5.50% Pb and 20.44% Zn and DDH-U-085-23 with 1.50m @ 528 g/t Ag, 4.01% Pb and seven.47% Zn.
- Drilling on the Labor Este vein confirmed a 300 metre extension alongside strike and 100 metres down dip. New outcomes embody gap DDH-U-027-24 with 1.68m @ 332 g/t Ag, 6.77% Pb and 6.78% Zn.
DRILL RESULT HIGHLIGHT TABLES
Jacobina, Brazil
The next desk offers infill and exploration drill outcome highlights for the Jacobina mine. Full infill and exploration drill outcomes not included on this desk, along with cross sections and plans, can be found at https://panamericansilver.com/operations/exploration/ .
Gap No. |
Sector |
Incl. |
From (m) |
To (m) |
Interval (m) |
Est. True Width (m) |
Au g/t |
JBS00054 |
João Belo Sul |
247.08 |
251.50 |
4.42 |
2.65 |
2 .61 |
|
JBS00054 |
João Belo Sul |
258.00 |
265.00 |
7.00 |
4.20 |
2.28 |
|
JBS00056 |
João Belo Sul |
440.32 |
447.00 |
6.68 |
5.95 |
2.24 |
|
JBS00056 |
João Belo Sul |
Incl |
440.32 |
444.00 |
3.68 |
3.28 |
3.45 |
JBS00062 |
João Belo Sul |
190.00 |
196.84 |
6.84 |
6.42 |
2.37 |
|
JBS00062 |
João Belo Sul |
Incl |
190.00 |
192.90 |
2.90 |
2.72 |
3.90 |
JBS00062 |
João Belo Sul |
331.00 |
337.50 |
6.50 |
6.23 |
2.77 |
|
JBS00062 |
João Belo Sul |
Incl |
334.50 |
337.50 |
3.00 |
2.87 |
4.12 |
JBS00082 |
João Belo Sul |
429.89 |
433.94 |
4.05 |
3.20 |
6.58 |
|
JBEX00118 |
João Belo Norte |
442.50 |
446.21 |
3.71 |
2.07 |
2.58 |
|
JBEX00121 |
João Belo Norte |
55.50 |
60.00 |
4.50 |
3.34 |
2.14 |
|
MRCEX00012 |
Maricota |
772.00 |
777.88 |
5.88 |
5.78 |
2.52 |
|
MRCEX00012 |
Maricota |
Incl |
774.00 |
777.04 |
3.04 |
2.98 |
3.07 |
MRCEX00012 |
Maricota |
777.88 |
780.63 |
2.75 |
2.70 |
4.18 |
|
MRCEX00016 |
Maricota |
72.50 |
75.50 |
3.00 |
2.56 |
4.04 |
|
MRCEX00016 |
Maricota |
411.72 |
413.00 |
1.28 |
1.19 |
56.48 |
|
MRCEX00018 |
Maricota |
229.00 |
230.50 |
1.50 |
1.37 |
7.86 |
|
MRCEX00019 |
Maricota |
421.74 |
430.50 |
8.76 |
8.45 |
2.22 |
|
MRCEX00019 |
Maricota |
Incl |
421.74 |
426.76 |
5.02 |
4.84 |
3.05 |
MRCEX00020 |
Maricota |
279.96 |
283.50 |
3.54 |
2.88 |
5.88 |
|
MRCEX00023 |
Maricota |
496.00 |
504.00 |
8.00 |
4.39 |
2.21 |
|
SCOEX00017 |
Serra do Córrego Norte |
325.80 |
341.00 |
15.20 |
11.59 |
3.37 |
|
SCOEX00017 |
Serra do Córrego Norte |
Incl |
325.80 |
331.26 |
5.46 |
4.17 |
4.90 |
SCOEX00017 |
Serra do Córrego Norte |
Incl |
333.13 |
336.85 |
3.72 |
2.83 |
4.17 |
SCOEX00017 |
Serra do Córrego Norte |
345.00 |
362.00 |
17.00 |
14.00 |
5.55 |
|
SCOEX00017 |
Serra do Córrego Norte |
Incl |
345.50 |
349.50 |
4.00 |
3.30 |
15.92 |
SCOEX00017 |
Serra do Córrego Norte |
Incl |
356.50 |
359.50 |
3.00 |
2.47 |
6.07 |
SCOEX00018 |
Serra do Córrego Norte |
418.00 |
421.50 |
3.50 |
1.96 |
11.28 |
|
MVTEX00191 |
Morro do Vento Norte |
282.00 |
293.00 |
11.00 |
8.14 |
4.31 |
|
MVTEX00191 |
Morro do Vento Norte |
Incl |
282.00 |
285.00 |
3.00 |
2.22 |
6.38 |
MVTEX00195 |
Morro do Vento Norte |
63.97 |
67.50 |
3.53 |
3.29 |
15.40 |
|
MVTEX00195 |
Morro do Vento Norte |
168.61 |
175.00 |
6.39 |
6.11 |
2.48 |
|
MVTEX00195 |
Morro do Vento Norte |
Incl |
168.61 |
170.81 |
2.20 |
2.10 |
3.77 |
MVTEX00193 |
Morro do Vento Sul |
167.00 |
173.93 |
6.93 |
6.76 |
3.91 |
|
MVTEX00193 |
Morro do Vento Sul |
182.80 |
185.34 |
2.54 |
2.48 |
4.53 |
|
MVTEX00198 |
Morro do Vento Sul |
215.40 |
224.50 |
9.10 |
7.02 |
2.35 |
|
MVTEX00198 |
Morro do Vento Sul |
Incl |
216.50 |
219.92 |
3.42 |
2.64 |
4.24 |
MVTEX00198 |
Morro do Vento Sul |
240.00 |
243.00 |
3.00 |
2.34 |
3.31 |
|
MVTEX00209 |
Morro do Vento Sul |
176.00 |
187.08 |
11.08 |
8.19 |
3.12 |
|
MVTEX00209 |
Morro do Vento Sul |
Incl |
176.00 |
180.00 |
4.00 |
2.95 |
4.03 |
MVTEX00209 |
Morro do Vento Sul |
Incl |
183.84 |
187.08 |
3.24 |
2.39 |
5.11 |
CANEX00145 |
Canavieiras Central |
122.00 |
131.00 |
9.00 |
6.67 |
6.78 |
|
CANEX00147A |
Canavieiras Central |
115.50 |
117.00 |
1.50 |
1.22 |
8.93 |
El Peñon, Chile
The next desk offers infill and exploration drill outcome highlights for the El Peñon mine. Full infill and exploration drill outcomes not included on this desk, along with longitudinal sections and plans, can be found at https://panamericansilver.com/operations/exploration/ .
Gap |
Vein |
From (m) |
To (m) |
Interval (m) |
Est. True Width (m) |
Au (g/t) |
Ag (g/t) |
SEX0022 |
Bermuda |
461.00 |
463.00 |
2.00 |
1.02 |
6.50 |
137 |
SIH0001 |
Chiquilla Chica |
238.05 |
239.00 |
0.95 |
0.65 |
1.40 |
751 |
SIH0002 |
Chiquilla Chica (-30) |
157.00 |
162.00 |
5.00 |
3.19 |
0.20 |
415 |
SIH0002 |
Chiquilla Chica |
247.55 |
248.75 |
1.20 |
0.80 |
0.20 |
487 |
SIH0003 |
Chiquilla Chica |
226.38 |
228.09 |
1.71 |
1.49 |
0.60 |
688 |
SIH0004 |
Chiquilla Chica |
226.35 |
228.75 |
2.40 |
1.36 |
0.20 |
477 |
UEV0036 |
El Valle |
246.85 |
248.70 |
1.85 |
1.24 |
5.40 |
236 |
SIV0002 |
El Valle |
285.00 |
286.60 |
1.60 |
1.35 |
9.60 |
120 |
SIV0005 |
El Valle |
327.30 |
329.80 |
2.50 |
1.43 |
7.10 |
185 |
UIV0061 |
El Valle |
196.00 |
198.00 |
2.00 |
1.63 |
9.50 |
473 |
UIV0063 |
El Valle |
193.00 |
194.45 |
1.45 |
0.86 |
11.40 |
391 |
SIV0006 |
El Valle |
410.00 |
413.00 |
3.00 |
0.90 |
9.10 |
525 |
SEV0009 |
El Valle |
282.00 |
283.39 |
1.39 |
1.11 |
12.00 |
356 |
SIV0007 |
El Valle (-20) |
228.37 |
229.20 |
0.83 |
0.61 |
28.50 |
204 |
SIV0007 |
El Valle |
273.60 |
275.40 |
1.80 |
1.33 |
13.10 |
403 |
SIV0003 |
El Valle |
243.60 |
244.40 |
0.80 |
0.57 |
9.60 |
90 |
UIV0066 |
El Valle |
225.45 |
227.92 |
2.47 |
1.28 |
4.70 |
288 |
UIV0065 |
El Valle |
163.65 |
165.50 |
1.85 |
1.14 |
6.00 |
241 |
UIV0069 |
El Valle |
169.09 |
169.76 |
0.67 |
0.78 |
7.10 |
129 |
UIV0076 |
El Valle |
208.00 |
210.50 |
2.50 |
1.67 |
11.70 |
449 |
UIV0067 |
El Valle (-9) |
169.50 |
172.00 |
2.50 |
1.52 |
8.2 |
107 |
UIV0058 |
El Valle FW |
254.00 |
256.35 |
2.35 |
1.01 |
3.6 |
174 |
SIM0022 |
Martillo Flat SSE |
202.55 |
203.70 |
1.15 |
0.63 |
68.2 |
880 |
SIM0025 |
Martillo Flat SSE |
241.70 |
242.40 |
0.70 |
0.47 |
12.0 |
485 |
UIP0153 |
Pampa Campamento |
252.50 |
254.00 |
1.50 |
1.16 |
5.0 |
144 |
UIP0155 |
Pampa Campamento |
127.40 |
128.70 |
1.30 |
0.72 |
21.5 |
748 |
UEP0060 |
Pampa Campamento |
242.58 |
243.55 |
0.97 |
0.76 |
7.6 |
207 |
UEP0061 |
Pampa Campamento |
340.60 |
341.13 |
0.53 |
0.45 |
12.5 |
287 |
UIP0158 |
Pampa Campamento |
236.60 |
237.39 |
0.79 |
0.68 |
26.8 |
62 |
UIP0163 |
Pampa Campamento |
268.40 |
269.75 |
1.35 |
0.95 |
11.0 |
258 |
UIP0163 |
Pampa Campamento (+8) |
282.05 |
284.07 |
2.02 |
1.80 |
12.2 |
182 |
UIP0164 |
Pampa Campamento (-4) |
263.80 |
264.45 |
0.65 |
0.60 |
8.4 |
133 |
UIP0164 |
Pampa Campamento |
267.12 |
268.20 |
1.08 |
0.86 |
11.5 |
202 |
UIP0164 |
Pampa Campamento (+2) |
269.50 |
270.50 |
1.00 |
0.80 |
6.9 |
163 |
SEP0050 |
Pampa Sur |
405.92 |
406.96 |
1.04 |
0.80 |
15.6 |
94 |
SEP0032 |
Pampa Sur (+4) |
429.60 |
430.13 |
0.53 |
0.48 |
9.1 |
385 |
SEP0032 |
Pampa Sur |
436.18 |
437.60 |
1.42 |
1.22 |
22.2 |
1005 |
SEP0035 |
Pampa Sur |
365.00 |
366.00 |
1.00 |
0.62 |
10.9 |
266 |
SEP0037 |
Pampa Sur |
467.40 |
468.50 |
1.10 |
0.88 |
13.2 |
781 |
SEP0057 |
Pampa Sur |
333.30 |
334.40 |
1.10 |
0.70 |
6.6 |
442 |
SIP0050 |
Pampa Sur |
439.45 |
440.45 |
1.00 |
0.62 |
4.6 |
261 |
SIS0017 |
Sorpresa Sur |
467.70 |
469.10 |
1.40 |
0.80 |
11.5 |
853 |
SIH0014 |
Tostado Sur |
7.75 |
8.75 |
1.00 |
0.96 |
0.0 |
3530 |
SIH0014 |
Tostado Sur |
9.80 |
10.90 |
1.10 |
1.02 |
0.0 |
3802 |
SIH0014 |
Tostado Sur |
14.00 |
14.70 |
0.70 |
0.62 |
0.1 |
2347 |
SIH0015 |
Tostado Sur |
7.90 |
9.05 |
1.15 |
1.03 |
0.1 |
7574 |
SIH0016 |
Tostado Sur |
0.80 |
10.85 |
10.05 |
7.50 |
0.1 |
1217 |
La Colorada, Mexico
The next desk offers the drill outcome highlights for the La Colorada mine. Full drill outcomes not included on this desk, along with cross sections and plans, can be found at https://panamericansilver.com/operations/exploration/.
Gap No. |
Vein |
From (m) |
To (m) |
Interval (m) |
Est. True Width (m) |
Ag g/t |
Au (g/t) |
Pb % |
Zn % |
S-108-23 |
Mariana |
502.55 |
503.85 |
1.30 |
0.85 |
760 |
0.08 |
0.48 |
0.86 |
And |
NC2 |
624.90 |
628.50 |
3.60 |
1.42 |
1131 |
0.95 |
3.05 |
5.50 |
S-119-23 |
Mariana |
592.60 |
594.15 |
1.55 |
0.89 |
499 |
0.13 |
0.16 |
0.42 |
And |
Intermedia Este |
604.25 |
607.00 |
2.75 |
1.17 |
78 |
0.08 |
0.38 |
1.50 |
And |
NC2 |
659.65 |
660.00 |
0.35 |
0.14 |
247 |
0.19 |
0.66 |
2.51 |
S-125-23 |
Mariana |
525.80 |
527.85 |
2.05 |
1.31 |
689 |
0.07 |
0.35 |
1.45 |
S-131-23 |
Mariana |
510.80 |
513.35 |
2.55 |
1.69 |
551 |
0.11 |
0.60 |
0.80 |
And |
NC2 |
578.90 |
580.50 |
1.60 |
0.61 |
103 |
0.14 |
0.24 |
0.73 |
S-134-23 |
NC2 |
758.80 |
760.05 |
1.25 |
0.75 |
214 |
0.14 |
3.71 |
10.98 |
S-139-23 |
Mariana |
522.70 |
523.40 |
0.70 |
0.45 |
2639 |
0.27 |
1.86 |
4.56 |
And |
NC2 |
600.85 |
602.10 |
1.25 |
0.36 |
647 |
0.33 |
1.23 |
4.68 |
S-27-24 |
Mariana |
620.30 |
623.65 |
3.35 |
2.51 |
426 |
0.14 |
1.22 |
3.63 |
And |
Intermedia Este |
627.00 |
627.95 |
0.95 |
0.59 |
2291 |
0.40 |
3.27 |
6.08 |
And |
NC2 |
669.35 |
671.55 |
2.20 |
1.04 |
5991 |
1.79 |
4.06 |
8.74 |
S-39-24 |
Mariana |
648.95 |
650.35 |
1.40 |
1.02 |
499 |
0.14 |
0.55 |
1.38 |
And |
Intermedia Este |
697.40 |
698.95 |
1.55 |
0.92 |
912 |
0.73 |
2.70 |
7.98 |
And |
NC2 |
721.30 |
723.75 |
2.45 |
1.22 |
136 |
0.10 |
1.00 |
1.54 |
S-51-24 |
Mariana |
581.25 |
581.70 |
0.45 |
0.36 |
1901 |
0.07 |
1.09 |
3.35 |
And |
Intermedia Este |
598.50 |
599.20 |
0.70 |
0.61 |
2776 |
0.27 |
1.52 |
0.90 |
And |
NC2 |
648.30 |
648.80 |
0.50 |
0.41 |
909 |
1.00 |
1.68 |
7.56 |
S-97-23 |
NC2 |
630.70 |
631.70 |
1.00 |
0.84 |
205 |
0.07 |
0.32 |
0.63 |
S-20-24 |
Cristina Vein System |
494.45 |
497.10 |
2.65 |
1.64 |
950 |
0.38 |
2.12 |
3.48 |
And |
Cristina Vein System |
523.30 |
525.15 |
1.85 |
1.12 |
1212 |
0.11 |
2.32 |
2.59 |
And |
Cristina Vein System |
532.20 |
532.65 |
0.45 |
0.36 |
2336 |
0.37 |
2.24 |
4.52 |
And |
Cristina Vein System |
553.55 |
555.20 |
1.65 |
0.65 |
1551 |
0.44 |
5.28 |
7.93 |
And |
Cristina Vein System |
567.45 |
576.60 |
9.15 |
5.67 |
614 |
0.30 |
2.10 |
5.95 |
S-05-24 |
San Geronimo Vein System |
494.40 |
495.65 |
1.25 |
0.77 |
951 |
0.30 |
0.65 |
1.67 |
And |
San Geronimo Vein System |
570.20 |
571.70 |
1.50 |
1.41 |
825 |
2.67 |
4.48 |
9.26 |
And |
San Geronimo Vein System |
574.10 |
576.40 |
2.30 |
1.95 |
1755 |
1.11 |
2.69 |
5.78 |
And |
San Geronimo Vein System |
637.40 |
640.35 |
2.95 |
2.16 |
1190 |
0.66 |
1.19 |
2.22 |
And |
San Geronimo Vein System |
738.45 |
739.55 |
1.10 |
0.84 |
317 |
0.16 |
3.77 |
3.64 |
And |
San Geronimo Vein System |
941.90 |
943.20 |
1.30 |
0.44 |
284 |
0.14 |
7.17 |
7.55 |
S-71-24 |
Cristina Vein System |
367.45 |
370.15 |
2.70 |
1.89 |
3342 |
0.96 |
4.62 |
4.67 |
And |
Cristina Vein System |
373.45 |
375.05 |
1.60 |
1.12 |
161 |
0.27 |
2.67 |
3.42 |
And |
Cristina Vein System |
386.10 |
386.35 |
0.25 |
0.18 |
196 |
0.10 |
0.82 |
0.52 |
And |
San Geronimo Vein System |
422.80 |
423.00 |
0.20 |
0.14 |
172 |
0.08 |
0.28 |
1.21 |
And |
San Geronimo Vein System |
460.50 |
460.85 |
0.35 |
0.25 |
254 |
0.18 |
0.47 |
1.55 |
And |
San Geronimo Vein System |
508.40 |
509.15 |
0.75 |
0.53 |
471 |
0.68 |
0.67 |
2.14 |
And |
San Geronimo Vein System |
528.15 |
528.65 |
0.50 |
0.35 |
70 |
0.29 |
5.30 |
10.41 |
And |
San Geronimo Vein System |
552.40 |
554.30 |
1.90 |
1.33 |
149 |
0.22 |
2.53 |
2.27 |
And |
San Geronimo Vein System |
584.60 |
626.76 |
42.15 |
29.51 |
128 |
0.85 |
2.28 |
5.80 |
Huaron, Peru
The next desk offers infill and exploration drill outcome highlights from the medium, decrease and Horizonte sectors of the Huaron mine. Full drill and channel sampling outcomes not included on this desk, along with cross sections and plans, can be found at https://panamericansilver.com/operations/exploration/.
Gap No |
Vein |
Zone |
From (m) |
To (m) |
Interval (m) |
Est. True Width (m) |
Ag g/t |
Cu% |
Pb% |
Zn% |
DDH-U-007-24 |
Cometa Ramal |
Horizonte |
357.15 |
358.40 |
1.25 |
0.99 |
289 |
0.13 |
4.74 |
5.82 |
DDH-U-018-24 |
Cometa Ramal |
Horizonte |
431.55 |
440.20 |
8.65 |
4.00 |
333 |
0.49 |
5.50 |
20.44 |
DDH-U-026-24 |
Cometa Ramal |
Horizonte |
362.30 |
363.65 |
0.70 |
0.97 |
33 |
0.02 |
0.33 |
0.33 |
DDH-U-037-24 |
Cometa Ramal |
Horizonte |
370.95 |
373.05 |
2.10 |
1.52 |
81 |
0.10 |
1.31 |
2.21 |
DDH-U-043-24 |
Cometa Ramal |
Horizonte |
406.65 |
408.90 |
2.25 |
1.50 |
250 |
0.22 |
3.67 |
6.43 |
DDH-U-049-24 |
Cometa Ramal |
Horizonte |
435.45 |
438.85 |
3.40 |
2.32 |
627 |
0.79 |
3.36 |
17.77 |
DDH-U-052-24 |
Cometa Ramal |
Horizonte |
301.40 |
302.25 |
0.85 |
0.70 |
28 |
0.02 |
0.28 |
0.54 |
DDH-U-057-24 |
Cometa Ramal |
Horizonte |
385.70 |
387.95 |
2.05 |
1.50 |
282 |
0.40 |
3.20 |
8.84 |
DDH-U-085-23 |
Cometa Ramal |
Horizonte |
430.70 |
435.35 |
4.65 |
1.50 |
528 |
0.33 |
4.01 |
7.47 |
DDH-U-091-23 |
Cometa Ramal |
Horizonte |
346.55 |
348.70 |
2.15 |
1.64 |
272 |
0.08 |
3.32 |
2.00 |
DDH-U-096-23 |
Cometa Ramal |
Horizonte |
397.00 |
402.05 |
5.05 |
3.64 |
85 |
0.05 |
1.43 |
3.51 |
DDH-U-047-24 |
Patrick |
Center |
188.50 |
196.80 |
8.30 |
5.46 |
331 |
0.20 |
1.32 |
3.58 |
DDH-U-035-24 |
Patrick |
Center |
136.80 |
142.80 |
6.00 |
5.92 |
234 |
0.13 |
1.04 |
4.12 |
DDH-U-041-24 |
Patrick |
Center |
140.70 |
142.45 |
1.75 |
1.66 |
819 |
0.35 |
11.53 |
14.48 |
DDH-U-039-24 |
Patrick |
Center |
180.30 |
182.05 |
1.75 |
1.71 |
337 |
0.23 |
1.50 |
2.10 |
DDH-U-045-24 |
Patrick |
Center |
157.85 |
161.35 |
3.50 |
3.06 |
179 |
0.08 |
3.39 |
5.37 |
DDH-U-055-24 |
Patrick |
Center |
140.70 |
143.30 |
2.60 |
2.52 |
107 |
0.03 |
1.84 |
5.49 |
DDH-U-051-24 |
Patrick |
Center |
184.70 |
186.70 |
2.00 |
1.55 |
156 |
0.03 |
1.20 |
3.06 |
DDH-U-033-24 |
Labor Este |
Horizonte |
158.40 |
162.60 |
4.20 |
3.87 |
147 |
0.03 |
3.19 |
3.86 |
DDH-U-027-24 |
Labor Este |
Horizonte |
227.10 |
229.35 |
2.25 |
1.68 |
332 |
0.03 |
6.77 |
6.78 |
DDH-U-036-24 |
Labor Este |
Horizonte |
216.15 |
220.05 |
3.90 |
2.65 |
126 |
0.03 |
1.66 |
1.12 |
DDH-U-048-24 |
Labor Este |
Horizonte |
190.90 |
192.90 |
2.00 |
0.96 |
266 |
0.08 |
5.47 |
14.94 |
DDH-U-020-24 |
Labor Este |
Horizonte |
214.00 |
215.75 |
1.75 |
1.09 |
205 |
0.05 |
6.19 |
3.82 |
DDH-U-040-24 |
Labor Este |
Horizonte |
184.10 |
186.55 |
2.45 |
1.70 |
123 |
0.06 |
3.06 |
5.98 |
DDH-U-016-24 |
Labor Este |
Horizonte |
254.60 |
255.05 |
0.45 |
0.18 |
627 |
0.11 |
9.44 |
3.39 |
DDH-U-003-24 |
Labor Este |
Horizonte |
259.70 |
260.80 |
1.10 |
0.66 |
144 |
0.06 |
3.92 |
4.60 |
DDH-U-030-24 |
Labor Este |
Horizonte |
190.95 |
192.65 |
1.70 |
1.40 |
47 |
0.03 |
1.65 |
1.43 |
DDH-U-044-24 |
Labor Este |
Horizonte |
237.80 |
238.20 |
0.40 |
0.20 |
288 |
0.10 |
2.75 |
4.29 |
DDH-U-009-24 |
Labor Este |
Horizonte |
230.00 |
230.35 |
0.35 |
0.23 |
181 |
0.16 |
7.52 |
9.01 |
DDH-U-052-24 |
Labor Este |
Horizonte |
179.15 |
181.50 |
2.35 |
1.26 |
32 |
0.02 |
0.53 |
0.38 |
DDH-U-016-24 |
Cuerpo Andres |
Horizonte |
75.30 |
77.00 |
1.70 |
1.49 |
233 |
0.14 |
3.59 |
6.92 |
DDH-U-020-24 |
Cuerpo Andres |
Horizonte |
69.40 |
71.25 |
1.85 |
1.78 |
194 |
0.03 |
3.11 |
8.58 |
DDH-U-056-24 |
Cuerpo Andres |
Horizonte |
48.35 |
53.00 |
4.65 |
3.90 |
162 |
0.04 |
4.02 |
6.06 |
DDH-U-060-24 |
Cuerpo Andres |
Horizonte |
85.00 |
87.85 |
2.85 |
1.45 |
231 |
0.08 |
2.44 |
4.38 |
DDH-U-061-24 |
Cuerpo Andres |
Horizonte |
48.45 |
49.75 |
1.30 |
1.06 |
241 |
0.08 |
4.19 |
8.75 |
DDH-U-062-24 |
Cuerpo Andres |
Horizonte |
81.50 |
83.20 |
1.70 |
0.86 |
756 |
0.22 |
8.28 |
9.61 |
Basic Notes with Respect to Technical Info
Grades are proven as contained steel earlier than mill recoveries are utilized. The Firm has undertaken a verification course of with respect to the information disclosed on this information launch.
Samples are analyzed at a wide range of laboratories, together with by in-house employees on the mine (Jacobina and La Colorada), mine laboratories operated by third celebration impartial business labs (Huaron), and business laboratories off-site (La Colorada, El Peñon and Jacobina). All of the assay knowledge reported on this information launch has been subjected to the {industry} commonplace high quality assurance and high quality management (“QA/QC”) program together with the submission of licensed requirements, blanks, and duplicate samples. The outcomes are reviewed on a month-to-month and quarterly foundation by administration. On the whole, the assay analytical approach for silver, lead, zinc and copper is acid digestion with both ICP or atomic absorption end. The analytical approach for gold makes use of hearth assay and atomic absorption spectrometry (AAS) end. A gravimetric end can be used if the gold assay exceeds > 10 g/t (or >5 g/t at El Peñon). The outcomes of the QA/QC samples submitted for the useful resource databases reveal acceptable accuracy and precision. The offsite business laboratories are impartial from Pan American and authorized by ISO 17025:2017.
The Certified Individuals are of the opinion that the pattern preparation, analytical, and safety procedures adopted for the samples are ample and dependable for the aim of this information launch and for the aim of any future mineral useful resource and mineral reserve estimates. There have been no limitations on the Certified Individuals’ verification course of. Pan American shouldn’t be conscious of any drilling, sampling, restoration or different elements that might materially have an effect on the accuracy or reliability of the information reported herein.
Mineral assets and mineral reserves are as outlined by the Canadian Institute of Mining, Metallurgy and Petroleum.
See the Firm’s Annual Info Type dated March 26, 2024, out there at www.sedarplus.com , or the Firm’s most up-to-date Type 40-F filed with the USA Securities and Trade Fee (the “SEC”) for additional data on the Firm’s materials mineral properties, together with detailed data regarding related QA/QC and knowledge verification issues, the important thing assumptions, parameters and strategies utilized by the Firm to estimate mineral reserves and mineral assets, and for an in depth description of identified authorized, political, environmental, and different dangers that might materially have an effect on the Firm’s enterprise and the potential improvement of the Firm’s mineral reserves and mineral assets.
Technical data contained on this information launch with respect to Pan American has been reviewed and authorized by Christopher Emerson, FAusIMM, Vice President Exploration and Geology, and Martin Wafforn, P.Eng., Senior Vice President Technical Providers and Course of Optimization, every of whom is a Certified Particular person for the needs of Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (‘‘NI 43-101”). Pan American is permitted by The Affiliation of Skilled Engineers and Geoscientists of the Province of British Columbia to interact in Reserved Follow below Allow to Follow quantity 1001470.
Cautionary Notice to US Buyers
This information launch has been ready in accordance with the necessities of Canadian NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Requirements, which differ from the necessities of U.S. securities legal guidelines. NI 43-101 is a rule developed by the Canadian Securities Directors that establishes requirements for all public disclosure an issuer makes of scientific and technical data regarding mineral initiatives.
Canadian public disclosure requirements, together with NI 43-101, differ considerably from the necessities of the SEC, and data regarding mineralization, deposits, mineral reserve and mineral useful resource data contained or referred to herein might not be corresponding to comparable data disclosed by U.S. corporations. The necessities of NI 43-101 for identification of “reserves” should not the identical as these of the SEC and should not qualify as “reserves” below SEC requirements. Beneath U.S. requirements, mineralization might not be labeled as a “reserve” until the dedication has been made that the mineralization could possibly be economically and legally produced or extracted on the time the reserve dedication is made. U.S. traders must also perceive that “inferred mineral assets” have a large amount of uncertainty as to their existence and nice uncertainty as to their financial and authorized feasibility. Beneath Canadian securities legal guidelines, estimated “inferred mineral assets” could not kind the idea of feasibility or pre-feasibility research besides in uncommon circumstances.
About Pan American Silver
Pan American Silver is a number one producer of silver and gold within the Americas, working mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We additionally personal the Escobal mine in Guatemala that’s at present not working, and we maintain pursuits in exploration and improvement initiatives. Now we have been working within the Americas for 3 many years, incomes an industry-leading status for sustainability efficiency, operational excellence and prudent monetary administration. We’re headquartered in Vancouver, B.C. and our shares commerce on the New York Inventory Trade and the Toronto Inventory Trade below the image “PAAS”.
Study extra at panamericansilver.com
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Cautionary Notice Concerning Ahead-Wanting Statements and Info
Sure of the statements and data on this information launch represent “forward-looking statements” throughout the which means of the USA Non-public Securities Litigation Reform Act of 1995 and “forward-looking data” throughout the which means of relevant Canadian provincial securities legal guidelines. All statements, apart from statements of historic reality, are forward-looking statements or data. Ahead-looking statements or data on this information launch relate to, amongst different issues: the extent of, and success associated to any future exploration or improvement packages, together with with respect to its Jacobina, El Peñon, La Colorada, Huaron and Timmins properties and for its La Colorada Skarn undertaking; and the timing for its mineral reserves and mineral assets replace.
These forward-looking statements and data replicate Pan American’s present views with respect to future occasions and are essentially primarily based upon various assumptions that, whereas thought-about affordable by Pan American, are inherently topic to vital operational, enterprise, financial and regulatory uncertainties and contingencies. These assumptions embody: tonnage of ore to be mined and processed; ore grades and recoveries; costs for silver, gold and base metals remaining as estimated; forex trade charges remaining as estimated; capital, decommissioning and reclamation estimates; our mineral reserve and useful resource estimates and the assumptions upon which they’re primarily based; costs for power inputs, labour, supplies, provides and companies (together with transportation); no labour-related disruptions at any of our operations; no unplanned delays or interruptions in scheduled manufacturing; all vital permits, licenses and regulatory approvals for our operations are obtained in a well timed method; our capability to safe and preserve title and possession to properties and the floor rights vital for our operations; and our capability to adjust to environmental, well being and security legal guidelines. The foregoing record of assumptions shouldn’t be exhaustive.
Pan American cautions the reader that forward-looking statements and data contain identified and unknown dangers, uncertainties and different elements that will trigger precise outcomes and developments to vary materially from these expressed or implied by such forward-looking statements or data contained on this information launch and Pan American has made assumptions and estimates primarily based on or associated to many of those elements. Such elements embody, with out limitation: fluctuations in silver, gold and base steel costs; fluctuations in costs for power inputs, labour, supplies, provides and companies (together with transportation); fluctuations in forex markets (such because the PEN, MXN, ARS, BOB, GTQ, CAD, CLP, and BRL versus the USD); operational dangers and hazards inherent with the enterprise of mining (together with environmental accidents and hazards, industrial accidents, tools breakdown, uncommon or sudden geological or structural formations, cave-ins, flooding and extreme climate); dangers regarding the credit score worthiness or monetary situation of suppliers, refiners and different events with whom Pan American does enterprise; insufficient insurance coverage, or incapacity to acquire insurance coverage, to cowl these dangers and hazards; worker relations; relationships with, and claims by, native communities and indigenous populations; our capability to acquire all vital permits, licenses and regulatory approvals in a well timed method; adjustments in legal guidelines, laws and authorities practices within the jurisdictions the place we function, together with environmental, export and import legal guidelines and laws; adjustments in nationwide and native authorities, laws, taxation, controls or laws and political, authorized or financial developments, together with authorized restrictions regarding mining, dangers regarding expropriation, and dangers regarding the constitutional court-mandated ILO 169 session course of in Guatemala; diminishing portions or grades of mineral reserves as properties are mined; elevated competitors within the mining {industry} for tools and certified personnel; the period and results any pandemics on our operations and workforce; and people elements recognized below the caption “Dangers Associated to Pan American’s Enterprise” in Pan American’s most up-to-date kind 40-F and Annual Info Type filed with the USA Securities and Trade Fee and Canadian provincial securities regulatory authorities, respectively. Though Pan American has tried to establish vital elements that might trigger precise outcomes to vary materially, there could also be different elements that trigger outcomes to not be as anticipated, estimated, described or supposed. Buyers are cautioned towards undue reliance on forward-looking statements or data. Ahead-looking statements and data are designed to assist readers perceive administration’s present views of our close to and long term prospects and might not be applicable for different functions. Pan American doesn’t intend, nor does it assume any obligation to replace or revise forward-looking statements or data, whether or not because of new data, adjustments in assumptions, future occasions or in any other case, besides to the extent required by relevant legislation.
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Siren Fisekci
VP, Investor Relations & Company Communications
Ph: 604-806-3191
E mail: ir@panamericansilver.com