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Pan American Silver Corp.
Summary
| Project: | La Bolsa | |
|---|---|---|
| Deposit: | La Bolsa | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| Date: | 2/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2019: Pan American Silver Corp. announces a Resource Estimation report for its La Bolsa deposit at the La Bolsa project. Annual statement of mineral resources and ore reserves. Vancouver, B.C. - Feb. 20, 2019 - Pan American Silver Corp. (NASDAQ: PAAS | |
| Resources: | (Reserve): 9.5Mt @ 10g/t Ag, 0.67g/t Au (Prov.) and 6.2Mt @ 7g/t Ag, 0.57g/t Au (Prob.) | |
| CP/QP: | [Resources]: C. Emerson, M. Wafforn (Internal) | |
| ABSTRACT: | Vancouver, B.C. - Feb. 20, 2019 - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”, or the “Company”) today reported its mineral reserves and resources as at December 31, 2018. Pan American’s mineral reserves are estimated to contain approximately 280 million ounces of silver and 1.7 million ounces of gold. “2018 was a very successful year for near-site mine exploration with the replacement of over 21 million ounces of silver and the major skarn discovery at La Colorada, which is not yet reflected in our proven and probable reserves or resources," said Christopher Emerson, Pan American's Vice President Business Development and Geology. “Drill hole U-68-18 with 308 metres of polymetallic mineralization is another impressive result of this major discovery”. Pan American spent $18.8 million on exploration drilling in 2018, of which $11.3 million was included in capital for mine and near site drilling, and the remainder was expensed under exploration and project development costs. Drilling for mine and near site exploration totaled 106,000 metres, with La Colorada and Morococha accounting for over 65% of the metres drilled. An additional 10,000 metres was drilled for regional exploration. | |
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