Pan American Silver Corp. (NYSE: PAAS) has released new drill results from its Jacobina, El Peñon, La Colorada, and Huaron properties.
These findings underscore the potential for continued mineral resource replacement and growth at these assets, with particularly promising results from La Colorada and El Peñon.
“At La Colorada, we discovered an entirely new set of vein structures with high silver grades to the east and southeast of the main NC2 vein. At El Peñon, drill results from the Pampa Sur zone bode well for potential mineral resource additions close to the existing mine infrastructure, with additional potential in the largely unexplored southern area of the mine,” said Christopher Emerson, Pan American’s Vice President of Exploration and Geology.
Since the last exploration update on December 5, 2023, Pan American has drilled 223,157 metres from November 1, 2023, to April 30, 2024.
The company plans to drill an additional 200,000 metres from May 2024 to December 2024.
The results from these drill programs will be incorporated into the company’s mineral reserves and resources update expected in August 2024.
Exploration Highlights:
Jacobina Mine, Brazil:
Jacobina is an underground paleo-placer gold mine in Bahia, Brazil. Recent drilling totaled 30,426 metres, focusing on infill drilling to support resource conversion and exploration drilling to add new resources.
- João Belo Sul: Hole JBS00062 returned 6.42 metres @ 2.37 g/t Au, including 2.72 metres @ 3.90 g/t Au.
- Morro do Vento: Hole MVTEX00195 returned 3.29 metres @ 15.40 g/t Au. Hole MVTEX00191 included 8.14 metres @ 4.31 g/t Au.
- Maricota: Hole MRCEX0019, with 8.45 metres @ 2.22 g/t Au.
- Serra do Córrego: Hole SCOEX00017 with 11.59 metres @ 3.37 g/t Au.
El Peñon, Chile:
El Peñon is a high-grade epithermal vein Au-Ag deposit.
Recent drilling totaled 44,645 metres.
- Pampa Campamento: Hole UIP0163 with 0.95 metres @ 11.0 g/t Au and 258 g/t Ag.
- El Valle: Hole SIV0007 with 1.33 metres @ 13.1 g/t Au and 403 g/t Ag.
- Pampa Sur: Hole SEP0050 with 0.80 metres @ 15.6 g/t Au and 94 g/t Ag.
La Colorada Mine, Mexico:
La Colorada is a silver-rich polymetallic vein mine. Recent drilling totalled 15,705 metres.
- NC2 Vein: Hole S-108-23 with 1.42 metres @ 1,131 g/t Ag, 3.05% Pb, 5.50% Zn.
- Mariana Vein: Hole S-27-24 with 1.04 metres @ 5,991 g/t Ag, 4.06% Pb, 8.74% Zn.
- Cristina Vein: Hole S-20-24 with 5.67 metres @ 614 g/t Ag, 2.10% Pb, 5.95% Zn.
Huaron Mine, Peru:
Huaron is a polymetallic deposit featuring zinc, lead, silver, and copper. Recent drilling totaled 18,419 metres.
- Patrick Vein: Hole DDH-U-041-24 with 1.66 metres @ 819 g/t Ag, 11.53% Pb, 14.48% Zn.
- Cometa Ramal Vein: Hole DDH-U-049-24 with 2.32 metres @ 627 g/t Ag, 3.36% Pb, 17.77% Zn.
- Labor Este Vein: Hole DDH-U-027-24 with 1.68 metres @ 332 g/t Ag, 6.77% Pb, 6.78% Zn.
Pan American’s exploration program remains focused on near-mine exploration and mineral resource conversion, reflecting its commitment to growth and resource replacement across its portfolio.
For full infill and exploration drill results, including cross sections and plans, visit Pan American Silver’s Exploration Page.