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Pan American Silver Corp.
Summary
| Project: | La Colorada | |
|---|---|---|
| Deposit: | La Colorada | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| Date: | 10/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-10-2018: Pan American Silver Corp. announces an Exploration/Drilling Update report for its La Colorada deposit at the La Colorada project. Drilling results incl. 222.6m @ 69g/t Ag, 0.20% Cu 1.86% Pb, 3.36% Zn from 368.4m. Vancouver, B.C. - Oct. 23, 201 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: C. Emerson, M. Wafforn (Internal) | |
| ABSTRACT: | Vancouver, B.C. - Oct. 23, 2018 - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) today announced a major exploration discovery at its La Colorada mine in Mexico. Successful exploration drilling at La Colorada has discovered wide zones of mineralization below the current production levels: high-grade mineralization in limestone replacement mantos and thick intercepts of skarn mineralization at depth. “These are extraordinary exploration results for our La Colorada mine, indicating the potential to substantially expand mineral resources, mine life and ultimately production capacity,” said Christopher Emerson, Pan American Silver's Vice President Business Development and Geology. “Following the most recent mine expansion completed in 2017, we have renewed our exploration efforts at La Colorada, and these recent discoveries validate the important exploration potential of this mine." The Company will invest an additional US$2.5 million in exploration drilling at La Colorada over the remainder of 2018, and will budget a major drilling program for 2019, which is expected to result in a first resource estimate later in 2019. Larger underground drill rigs capable of drilling longer holes have now been mobilized. To date, 15 drill holes have been completed from three underground locations for a total of 6,080 metres of drilling. All holes intersected vein and manto mineralization, while substantial lengths of polymetallic skarn mineralization were intersected in six holes, with each of the three deepest ending in mineralization. See Figures 1 through 7. | |
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