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Pan American Silver Corp.
Summary
| Project: | Pico Machay | |
|---|---|---|
| Deposit: | Pico Machay | |
| Location: | Peru | |
| Commodities: | Gold | |
| Date: | 2/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2018: Pan American Silver Corp. announces a Resource Estimation report for its Pico Machay deposit at the Pico Machay project. Annual statement of mineral resources at Pico Machay . Vancouver, B.C. - February 20, 2018 - Pan American Silver Corp. (NAS | |
| Resources: | (Resource): 4.7Mt @ 0.91g/t Au (Meas.), 5.9Mt @ 0.67g/t Au (Ind.), 23.9Mt @ 0.58g/t Au(Inf.) | |
| CP/QP: | [Resources]: C. Emerson, M. Wafforn (Internal) | |
| ABSTRACT: | Vancouver, B.C. - February 20, 2018 - Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) (“Pan American”, or the “Company”) today reported its mineral reserves and resources as at December 31, 2017. Pan American’s mineral reserves are estimated to contain approximately 288 million ounces of silver and 1.9 million ounces of gold compared with 286 million ounces of silver and 2.0 million ounces of gold at December 31, 2016. “Our geology teams achieved another year of successful reserve replacement and resource additions, as exemplified by the newly discovered mineral reserves at our Morococha and Huaron mines in 2017," said Christopher Emerson, Pan American's Vice President Business Development and Geology. "We added about 33 million ounces of new silver mineral reserves in 2017, more than replacing ounces depleted through mining. The silver grade of the mineral reserves increased by 13% to 94 grams per tonne, in part reflecting the additions of the new high-grade properties in Argentina." Pan American spent approximately $18 million on exploration drilling in 2017, efficiently achieving 100% of our planned drill metres. We completed 158 kilometres of mine and near site exploration drilling and eight kilometres of regional exploration drilling. | |
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