NOT FOR DISTRIBUTION TO OR FOR DISSEMINATION IN THE UNITED STATES
Northern Lights Resources Corp. ("Northern Lights", "NLR" or the "Company")(CSE:NLR)(OTCQB:NLRCF) announces that it intends to complete a non-brokered private placement (the "Placement") for gross proceeds of up to C$1,000,000 from the sale of common shares of the Company (the "Shares") at a price of C$0.075 per Share
The Company intends to use the net proceeds raised from the Placement for the exploration of the Company's Secret Pass Gold Project located in Northwestern Arizona, USA and for general working capital purposes.
The Placement may be completed in multiple tranches and is subject to receipt of executed subscription agreements and funds as well as customary closing conditions, including regulatory approvals as required.
In accordance with applicable securities laws, the Shares issued under the Placement will be sold to accredited investors or other investors who are exempt from prospectus requirements and will be subject to a four-month hold period in Canada. While the Placement is non-brokered, referral fees may be paid on a portion of the proceeds to eligible persons, where permitted by applicable law.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
No securities regulatory authority has either approved or disapproved of the contents of this news release.
For further information on Northern Lights Resources please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
Shawn Balaghi, Investor Relations
Email: Shawn@northernlightsresources.com
Tel: +1 604 773 0242
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% controlled, Secret Pass Gold Project located in Mohave County, Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County, Nevada where Northern Lights is earning 100% in joint venture with Reyna Silver Corp.
Northern Lights Resources trades under the ticker of "NLR" on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
SOURCE: Northern Lights Resources Corp.
News Provided by ACCESSWIRE via QuoteMedia
Northern Lights Resources Corp. ("Northern Lights" or the "Company") (CSE:NLR)(OTCQB:NLRCD) is pleased to announce start of the 2022 exploration program at the Medicine Springs Silver Project ("Medicine Springs"), located in Elko County, Nevada, that the Company is exploring in joint venture with Reyna Silver Corp. (Reyna Silver
The 2022 exploration program at Medicine Springs will include a 5,000 to 7,000 metre drill program targeting the discovery of a large scale Carbonate Replacement Deposit (CRD) system. Drill permitting is underway and work is commencing immediately on additional field studies to further refine drill targets. Drilling is expected to commence in Q3/Q4 2022.
Norhern Lights CEO, Jason Bahnsen commented "We are delighted to have work underway at Medicine Spings leading to the upcoming 5,000 to 7,000 metre drill program. The Medicine Springs Project has the potential to host large scale CRD silver and base metals mineralizaton and we are looking forward to seeing the results of this initial drill program."
Under the terms of the Opton/JV agreement between Northern Lights and Reyna Silver, Reyna Silver are earning up to 80% of the Medicine Springs Project. Northern Lights does not contribute to project exploration expenditure until total exploration expenditures have exceeded US$4.0 million. (See the Northern Lights announcement dated October 5, 2020 for full details of the Option/JV agreement with Reyna Silver.)
In 2021, Reyna Silver conducted a Selective Jasperoid Sampling survey focused on the prominent NE trending, multi-stage jasperoids that cut across the property along the inferred principal hydrothermal fluid pathways. The results show zoning of Copper, Lead-Zinc, and Silver and are interpreted to indicate a multi-stage high-level mineralization center at depth. Comparison of the field data to Reyna's CRD continuum exploration model supports the idea that the full CRD spectrum is present within the Medicine Springs project area.
Competent Persons Statement
Information in this report relating to Exploration Results is based on information reviewed by Mr. Lee R. Beasley, a Certified Professional Geologist who is a Member of the American Institute of Professional Geologists, and a consultant to Northern Lights Resources. Mr. Beasley has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Qualified Person for the purposes of NI43-101 Standards of Disclosure for Mineral Projects. Mr. Beasley consents to the inclusion of the data in the form and context in which it appears.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
Shawn Balaghi, Investor Relations
Email: shawn@northernlightsresources.com
Tel: +1 604 773 0242
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights, in joint venture with Reyna Silver are earning 100% ownership. Northern Lights Resources is a member of the Arizona Mining Association.
Northern Lights Resources trades under the ticker of "NLR" on the CSE and "NLRCD" on the OTCQB. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed private placement; use of funds; the business and operations of the Company after the proposed closing of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the mineral exploration industry. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Northern Lights Resources Corp.
News Provided by ACCESSWIRE via QuoteMedia
Northern Lights Resources Corp. ("Northern Lights", "NLR" or the "Company")(CSE:NLR)(OTCQB:NLRCF) announces that the effective date of the ten (10) for one (1) share consolidation (the "Consolidation"), as announced on May 17, 2022, has been changed to May 26, 2022 (the "Effective Date
All other terms of the Consolidation remain unchanged. Please refer the May 17, 2022 announcement for full details.
For further information on Northern Lights Resources please contact:
Email: rtimcke@northernlightsresources.com Tel: +1 604 608 6163 | |
Email: Jason@northernlightsresources.com Tel: +1 604 608 6163 | |
Shawn Balaghi, Investor Relations
Email: Shawn@northernlightsresources.com
Tel: +1 604 773 0242
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights is earning 100% in joint venture with Reyna Silver Corp.
Northern Lights Resources trades under the ticker of "NLR" on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
SOURCE:Northern Lights Resources Corp.
News Provided by ACCESSWIRE via QuoteMedia
Northern Lights Resources Corp. ("Northern Lights", "NLR" or the "Company") (CSE:NLR), (OTCQB:NLRCF) is pleased to announce that it is proceeding with the consolidation of its common shares on a ten (10) for one (1) basis (the "Consolidation"). The Company's common shares will commence trading on a post-consolidated basis effective at market opening on May 24, 2022 (the "Effective Date
Immediately prior to completion of the Consolidation, the Company has 143,571,385 common shares issued and outstanding. After giving effect to the Consolidation, the Company will have approximately 14,357,139 common shares issued and outstanding, subject to the rounding of fractional common shares. The company has been issued with a new Cusip Number (66538D301), there will be no escrow of shares, and the trading symbol will remain unchanged.
No fractional common shares will be issued as a result of the Consolidation. All fractional common shares resulting from the Consolidation will be rounded to the nearest whole number of common shares. The Company's outstanding incentive stock options and warrants will be adjusted on the same basis (10:1) to reflect the Consolidation in accordance with their respective terms, with proportionate adjustments being made to exercise prices. New warrant certificates reflecting the Consolidation are not required and will not be issued.
Registered shareholders will receive a letter of transmittal from the Company's transfer agent, Computershare Investor Services Inc., providing instructions on how to exchange their share certificates representing pre-Consolidation common shares for new share certificates or Direct Registration Advice (DRS) representing post-Consolidation common shares to which they are entitled as a result of the Consolidation. No action is required by non-registered shareholders (shareholders who hold their common shares through an intermediary) to affect the Consolidation.
For further information on Northern Lights Resources please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.co
Tel: +1 604 608 6163
Shawn Balaghi, Investor Relations
Email: Shawn@northernlightsresources.com
Tel: +1 604 773 0242
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights is earning 100% in joint venture with Reyna Silver Corp.
Northern Lights Resources trades under the ticker of "NLR" on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
SOURCE: Northern Lights Resources Corp.
News Provided by ACCESSWIRE via QuoteMedia
Northern Lights Resources Corp. ("Northern Lights" or the "Company") (CSE:NLR)(OTCQB:NLRCF) is pleased to announce an update to the exploration plan for the Tin Cup prospect at the Company's 100% owned Secret Pass Gold Project in Mohave County, Arizona
Following on from the success of the initial four holes completed, Northern Lights is planning to expand the exploration program at Secret Pass to include the drilling of three (3) additional holes at Tin Cup and two (2) drill holes at the FM Zone, which is located approximately 500 metres east of Tin Cup. All five (5) proposed drill holes are fully permitted. The drill holes statistics and significant intersections for the first four drill holes are sumarized on Table 1. The location of the recent drill holes and the planned drill holes for Tin Cup and the FM Zones are illlustrated on Figure 1.
Prior to initiating the second phase of drilling, Northern Lights is planning to complete a deep penetrating Induced Polarization (IP) survey over the claim area covering the Tin Cup and FM zones. This survey will explore to depths of ~400 metres and will assist in refining existing targets and identifying new drill targets associated with zones of high chargeability located along strike and to depth. With reference to Figure 1, the IP survey area will cover the gold anomay generated from the soil sampling program completed in 2021. This soil survey identified a significant gold soil anomaly approximately 1,100 metres in length and up to 400 metres wide as shown on Figure1.
Northern Lights CEO, Jason Bahnsen, commented"The initial drilling at Tin Cup has been very successful and has confirmed the presence of wide zones of gold mineralization. The next phase of drilling will test the Tin Cup mineralization at depth and further along strike. We also have two holes permitted to drill at the FM Zone where we are targeting vertical vein structrues similar to Tin cup. The proposed holes are fully permitted with drilling to commence pending financing and availability of drilling contractors."
The first four drill holes completed at Tin Cup showed confirmation of gold mineralization from surface to a maximum depth of approximately 90 metres. The three additional holes planned have been fully permitted and will test the down plunge extension of the gold mineralization. With reference to Figure 2, drill hole TC21-06 is planned for 400 metres at a 55 degree dip to test the mineralizaton at depth. The other two drill holes TC22-07 and TC22-08 will test the mineralization along strike.
At the Tin Cup zone, drilling at depth will test the potential for an epithermal quartz vein system similar to the Oatman District. The geology of the Tin Cup zone shares similarities of the upper parts of the Oatman gold system. The Secret Pass drilling will target both the upper broad zone of stockwork veining and the deeper, more discreet ‘bonanza' veining.
The drilling at the FM zone will target near-vertical mineralized structures related to the FM fault zone similar to the Tin Cup zone.
Table 1: Tin Cup Phase 1 Drill Holes
Hole No. | Location | Azimuth (o) | Dip (o) | Length (m) | Significant Intersections |
TC21-01 | Tin Cup | - | - | - | Abandoned |
TC21-02 | Tin Cup | 220 | -45 | 175 |
|
TC21-03 | Tin Cup | 220 | -55 | 230 |
|
TC21-04 | Tin Cup | 310 | -50 | 103* |
|
TC21-05 | Tin Cup | 040 | -60 | 102* |
|
TC22-06 | Tin Cup | 220 | -65 | 400 | Fully Permitted - Pending Drilling |
TC22-07 | Tin Cup | 250 | -50 | 250 | Fully Permitted - Pending Drilling |
TC22-08 | Tin Cup | 200 | -50 | 150 | Fully Permitted - Pending Drilling |
FM22-01 | FM Zone | 220 | -50 | 150 | Fully Permitted - Pending Drilling |
FM22-02 | FM Zone | 220 | -50 | 150 | Fully Permitted - Pending Drilling |
| Total Completed and Planned | 1,710 | ||||
Note: all intersections have been previously announced and represent downhole widths as insufficient information is available to calculate true widths.
*Drill holes TC21-04 and TC21-05 were terminated early due to technical difficulties.
Figure 1: Drill Locations and Gold Soil Anomalies
Figure 2: Tin Cup Drilling Cross Section and Geological Model
QA/QC Statement
Diamond Core (HQ size) was drilled by Godbe Drilling LLC under the supervision of Mr. Lee Beasley, QP for Northern Lights Resources. The core was split with the half core transported to Skyline Assayers and Laboratories (Skyline) in Tucson, AZ. Field control QA/QC samples, including standards, blanks, and field duplicates, were inserted into the sample stream at a rate of one field control sample every 20 regular samples. Samples received by the lab are logged, weighted and assigned into batches. Sample preparation begins with crushing samples to 75% passing -10 mesh. From this sample, 250 grams of material is separated using a riffle splitter which is then further pulverized to at least 95% - 150 mesh resulting in a pulp that is ready for analysis. Gold was determined by fire assay fusion of a 30 gram sub-samples with atomic absorption spectroscopy (method FA-01). Overlimit samples of gold ( greater than 5 g/t) were assayed by gravimetric means (FA-02). Skyline Laboratories is accredited in accordance with ISO/IEC 17025:2017 and ISO 9001:2015.
Competent Persons Statement
Information in this report relating to Exploration Results is based on information reviewed by Mr. Lee R. Beasley, a Certified Professional Geologist who is a Member of the American Institute of Professional Geologists, and a consultant to Northern Lights Resources. Mr. Beasley has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Qualified Person for the purposes of NI43-101 Standards of Disclosure for Mineral Projects. Mr. Beasley consents to the inclusion of the data in the form and context in which it appears.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
Shawn Balaghi, Investor Relations
Email: shawn@northernlightsresources.com
Tel: +1 604 773 0242
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth-oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where Northern Lights, in joint venture with Reyna Silver are earning 100% ownership. Northern Lights Resources is a member of the Arizona Mining Association.
Northern Lights Resources trades under the ticker of "NLR" on the CSE and "NLRCF" on the OTCQB. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed private placement; use of funds; the business and operations of the Company after the proposed closing of the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the mineral exploration industry. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new inforAddmation, future events or otherwise, except as required by law.
SOURCE: Northern Lights Resources Corp.
News Provided by ACCESSWIRE via QuoteMedia
MAG Silver Corp. (TSX NYSE American: MAG) ("MAG" or "MAG Silver") reports that at its Annual General and Special Meeting (the " AGSM ") held on June 17, 2024, MAG's shareholders (the " Shareholders ") approved by majority: to elect all eight directors standing for election, to re-appoint Deloitte LLP as auditors of the Company, and to support the Company's approach to executive compensation.
Detailed results of the total shares voted at the AGSM are set out below.
| Motions: | |||||
| Nominees | Total Votes Cast | Total Votes For | Total Votes Withheld | % For | % Withheld |
| Peter Barnes | 58,366,832 | 53,951,708 | 4,415,124 | 92.44% | 7.56% |
| Tim Baker | 58,366,831 | 57,998,473 | 368,358 | 99.37% | 0.63% |
| Jill Leversage | 58,366,832 | 57,131,430 | 1,235,402 | 97.88% | 2.12% |
| Selma Lussenburg | 58,366,832 | 57,534,813 | 832,019 | 98.57% | 1.43% |
| Susan Mathieu | 58,366,832 | 57,946,695 | 420,137 | 99.28% | 0.72% |
| Dale Peniuk | 58,366,831 | 57,532,399 | 834,432 | 98.57% | 1.43% |
| Tom Peregoodoff | 58,366,831 | 56,445,627 | 1,921,204 | 96.71% | 3.29% |
| George Paspalas | 58,366,832 | 57,991,551 | 375,281 | 99.36% | 0.64% |
| Total Votes Cast | Total Votes For | Total Votes Withheld | % For | % Withheld | |
| Appointment of Auditors | 68,454,799 | 62,106,302 | 6,348,497 | 90.73% | 9.27% |
| Total Votes Cast | Total Votes For | Total Votes Against | % For | % Against | |
| Say on Pay | 58,366,830 | 56,655,960 | 1,710,870 | 97.07% | 2.93% |
"On behalf of the Board, management and staff, I would like to thank outgoing director, Dan MacInnis, for his 19 years of commitment and service to the Company ," said George Paspalas, President and CEO of MAG. "Dan's contribution to MAG, both as former CEO and more recently as a director, has been immense, and he will be missed. We wish him all the best in his retirement."
About MAG Silver Corp. ( www.magsilver.com )
MAG Silver Corp. is a growth-oriented Canadian exploration company focused on advancing high-grade, district scale precious metals projects in the Americas. MAG is emerging as a top-tier primary silver mining company through its (44%) joint venture interest in the 4,000 tonnes per day Juanicipio Mine, operated by Fresnillo plc (56%). The mine is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where in addition to underground mine production and processing of high-grade mineralised material, an expanded exploration program is in place targeting multiple highly prospective targets. MAG is also executing multi-phase exploration programs at the 100% earn-in Deer Trail Project in Utah and the 100% owned Larder Project, located in the historically prolific Abitibi region of Canada.
For further information on behalf of MAG Silver Corp.
Contact Michael J. Curlook , Vice President, Investor Relations and Communications
| Phone: | (604) 630-1399 | Website: | www.magsilver.com |
| Toll Free: | (866) 630-1399 | Email: | info@magsilver.com |
Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995 or "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, " forward-looking statements "). All statements in this release, other than statements of historical facts are forward looking statements, including statements that relate to the Company's approach to executive compensation. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements identified herein include, but are not limited to, a subsequent change in the Company's approach to executive compensation from that approach approved by Shareholders, changes in applicable laws, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including those risks disclosed in MAG Silver's filings with the Securities Exchange Commission (the " SEC ") and Canadian securities regulators. All forward-looking statements contained herein are made as at the date hereof and MAG Silver undertakes no obligation to update the forward-looking statements contained herein. There is no certainty that any forward-looking statement will come to pass, and investors should not place undue reliance upon forward-looking statements.
Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov .
News Provided by GlobeNewswire via QuoteMedia
Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") releases new drill results for its Jacobina, El Peñon, La Colorada and Huaron properties, reflecting the potential for continued mineral resource replacement at these assets. In particular, drill results from La Colorada and El Peñon reveal the significant exploration potential to find additional mineralized structures in under-explored ground surrounding these operations, highlighting the potential for mineral resource growth close to existing mine infrastructure.
"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.
Pan American's exploration program focuses on near-mine exploration and mineral resource conversion throughout its portfolio. Since the last exploration update provided on December 5, 2023, a total of 223,157 metres have been drilled over the November 1, 2023 to April 30, 2024 period. The Company plans to drill an additional 200,000 metres from May 2024 to December 2024.
The drill results disclosed in this news release, together with the results from the second half of the 2023 drill program, will be integrated into the Company's mineral reserves and mineral resources update as at June 30, 2024, which is expected to be released 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 located in the state of Bahia in northeastern Brazil. Mineralization is hosted by a series of steeply to moderately dipping quartz pebble conglomerate reefs, which range up to several metres in width. The mine complex extends over eight kilometres north/south, with mineral resources and exploration targets extending over a 14 kilometre trend. Mineralization remains open at depth and along strike in multiple areas.
El Peñon, Chile:
El Peñon is a high-grade low-sulphidation epithermal vein Au-Ag deposit, located at an average elevation of 1,800 m above sea level within the Paleocene mineral belt of northern Chile. The deposit consists of a series of steeply to moderately dipping, north-south striking quartz veins, which extend within a 14 kilometre long northeast trending corridor. The 122,000 ha property hosts several satellite deposits and targets, which are actively being explored.
La Colorada mine, Mexico:
The La Colorada mine is a silver-rich polymetallic vein mine located in the state of Zacatecas, Mexico. The deposit is an intermediate sulphidation epithermal vein system, with associated splays. Individual veins are typically one to two metres wide with strike lengths of between 900 metres and 1.5 kilometres.
Huaron mine, Peru:
The Huaron mine, situated in the western cordillera of the Andes within the Cerro de Pasco Department of central Peru, is a polymetallic deposit featuring zinc, lead, silver, and copper. The deposit is defined by hydrothermal veins and replacement bodies hosted in folded and faulted sedimentary rocks.
DRILL RESULT HIGHLIGHT TABLES
Jacobina, Brazil
The following table provides infill and exploration drill result highlights for the Jacobina mine. Full infill and exploration drill results not included in this table, together with cross sections and plans, are available at https://panamericansilver.com/operations/exploration/ .
Hole 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 following table provides infill and exploration drill result highlights for the El Peñon mine. Full infill and exploration drill results not included in this table, together with longitudinal sections and plans, are available at https://panamericansilver.com/operations/exploration/ .
Hole | 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 following table provides the drill result highlights for the La Colorada mine. Full drill results not included in this table, together with cross sections and plans, are available at https://panamericansilver.com/operations/exploration/.
Hole 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 following table provides infill and exploration drill result highlights from the medium, lower and Horizonte sectors of the Huaron mine. Full drill and channel sampling results not included in this table, together with cross sections and plans, are available at https://panamericansilver.com/operations/exploration/.
Hole 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 | Middle | 188.50 | 196.80 | 8.30 | 5.46 | 331 | 0.20 | 1.32 | 3.58 |
DDH-U-035-24 | Patrick | Middle | 136.80 | 142.80 | 6.00 | 5.92 | 234 | 0.13 | 1.04 | 4.12 |
DDH-U-041-24 | Patrick | Middle | 140.70 | 142.45 | 1.75 | 1.66 | 819 | 0.35 | 11.53 | 14.48 |
DDH-U-039-24 | Patrick | Middle | 180.30 | 182.05 | 1.75 | 1.71 | 337 | 0.23 | 1.50 | 2.10 |
DDH-U-045-24 | Patrick | Middle | 157.85 | 161.35 | 3.50 | 3.06 | 179 | 0.08 | 3.39 | 5.37 |
DDH-U-055-24 | Patrick | Middle | 140.70 | 143.30 | 2.60 | 2.52 | 107 | 0.03 | 1.84 | 5.49 |
DDH-U-051-24 | Patrick | Middle | 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 |
General Notes with Respect to Technical Information
Grades are shown as contained metal before mill recoveries are applied. The Company has undertaken a verification process with respect to the data disclosed in this news release.
Samples are analyzed at a variety of laboratories, including by in-house staff at the mine (Jacobina and La Colorada), mine laboratories operated by third party independent commercial labs (Huaron), and commercial laboratories off-site (La Colorada, El Peñon and Jacobina). All the assay data reported in this news release has been subjected to the industry standard quality assurance and quality control ("QA/QC") program including the submission of certified standards, blanks, and duplicate samples. The results are reviewed on a monthly and quarterly basis by management. In general, the assay analytical technique for silver, lead, zinc and copper is acid digestion with either ICP or atomic absorption finish. The analytical technique for gold uses fire assay and atomic absorption spectrometry (AAS) finish. A gravimetric finish would be used if the gold assay exceeds > 10 g/t (or >5 g/t at El Peñon). The results of the QA/QC samples submitted for the resource databases demonstrate acceptable accuracy and precision. The offsite commercial laboratories are independent from Pan American and certified by ISO 17025:2017.
The Qualified Persons are of the opinion that the sample preparation, analytical, and security procedures followed for the samples are sufficient and reliable for the purpose of this news release and for the purpose of any future mineral resource and mineral reserve estimates. There were no limitations on the Qualified Persons' verification process. Pan American is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data reported herein.
Mineral resources and mineral reserves are as defined by the Canadian Institute of Mining, Metallurgy and Petroleum.
See the Company's Annual Information Form dated March 26, 2024, available at www.sedarplus.com , or the Company's most recent Form 40-F filed with the United States Securities and Exchange Commission (the "SEC") for further information on the Company's material mineral properties, including detailed information concerning associated QA/QC and data verification matters, the key assumptions, parameters and methods used by the Company to estimate mineral reserves and mineral resources, and for a detailed description of known legal, political, environmental, and other risks that could materially affect the Company's business and the potential development of the Company's mineral reserves and mineral resources.
Technical information contained in this news release with respect to Pan American has been reviewed and approved by Christopher Emerson, FAusIMM, Vice President Exploration and Geology, and Martin Wafforn, P.Eng., Senior Vice President Technical Services and Process Optimization, each of whom is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects (‘‘NI 43-101''). Pan American is authorized by The Association of Professional Engineers and Geoscientists of the Province of British Columbia to engage in Reserved Practice under Permit to Practice number 1001470.
Cautionary Note to US Investors
This news release has been prepared in accordance with the requirements of Canadian NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.
Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the SEC, and information concerning mineralization, deposits, mineral reserve and mineral resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies. The requirements of NI 43-101 for identification of "reserves" are not the same as those of the SEC and may not qualify as "reserves" under SEC standards. Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Under Canadian securities laws, estimated "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases.
About Pan American Silver
Pan American Silver is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol "PAAS".
Learn more at panamericansilver.com
Follow us on LinkedIn
Cautionary Note Regarding Forward-Looking Statements and Information
Certain of the statements and information in this news release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the extent of, and success related to any future exploration or development programs, including with respect to its Jacobina, El Peñon, La Colorada, Huaron and Timmins properties and for its La Colorada Skarn project; and the timing for its mineral reserves and mineral resources update.
These forward-looking statements and information reflect Pan American's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Pan American, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: tonnage of ore to be mined and processed; ore grades and recoveries; prices for silver, gold and base metals remaining as estimated; currency exchange rates remaining as estimated; capital, decommissioning and reclamation estimates; our mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions at any of our operations; no unplanned delays or interruptions in scheduled production; all necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; our ability to secure and maintain title and ownership to properties and the surface rights necessary for our operations; and our ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
Pan American cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and Pan American has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: fluctuations in silver, gold and base metal prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the PEN, MXN, ARS, BOB, GTQ, CAD, CLP, and BRL versus the USD); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom Pan American does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; employee relations; relationships with, and claims by, local communities and indigenous populations; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in the jurisdictions where we operate, including environmental, export and import laws and regulations; changes in national and local government, legislation, taxation, controls or regulations and political, legal or economic developments, including legal restrictions relating to mining, risks relating to expropriation, and risks relating to the constitutional court-mandated ILO 169 consultation process in Guatemala; diminishing quantities or grades of mineral reserves as properties are mined; increased competition in the mining industry for equipment and qualified personnel; the duration and effects any pandemics on our operations and workforce; and those factors identified under the caption "Risks Related to Pan American's Business" in Pan American's most recent form 40-F and Annual Information Form filed with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities, respectively. Although Pan American has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information. Forward-looking statements and information are designed to help readers understand management's current views of our near and longer term prospects and may not be appropriate for other purposes. Pan American does not intend, nor does it assume any obligation to update or revise forward-looking statements or information, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240617493344/en/
Siren Fisekci
VP, Investor Relations & Corporate Communications
Ph: 604-806-3191
Email: ir@panamericansilver.com
News Provided by Business Wire via QuoteMedia