VANCOUVER, BC, Feb. 24, 2022 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today provides results for 20 new infill and exploration holes, all of which contain multiple skarn and breccia intercepts.

Plan view of La Colorada skarn drill holes (CNW Group/Pan American Silver Corp.)

"Drilling has improved our confidence in the mineralization to the east, west and south of the known skarn footprint, as reported in our November 10, 2021 news release," said Christopher Emerson, Pan American's Vice President Business Development and Geology. "Drillhole S-73-21 confirmed high-grade mineralization more than 200 metres from S-71-21 with 78.55 metres of 76 g/t Ag, 0.36% Cu, 4.18% Pb and 9.55% Zn. To the west, U-83-21 confirmed high grade continuous mineralization, as previously indicated by hole U-05-21 and U-67-21."

With 17,050 metres of drilling reported in this news release, the main focus in Q4 2021 was to infill and step out the drilling to the east, west and south sides of the skarn. In total, over 72,000 metres were drilled in 2021, which focused on infill and exploration to further define, expand and add confidence to the current inferred resource.

In 2022, Pan American plans to drill 55,000 metres at La Colorada for a cost of $18 million to $20 million to further explore and infill drill the skarn and adjacent veins. Pan American is aiming to provide an update to the August 4, 2020 mineral resource estimate for the La Colorada skarn concurrent with the release of its annual mineral reserve and mineral resource estimates around mid-year.

Drill Highlights Include:

U-83-21: 322.85 m of 64 g/t Ag, 0.06% Cu, 1.92% Pb and 3.80% Zn, including 64.90 m of 178 g/t Ag, 0.06% Cu, 4.34% Pb and 6.28% Zn
S-73-21: 78.55 m of 76 g/t Ag, 0.36% Cu, 4.18% Pb and 9.55% Zn, including 58.10 m of 91 g/t Ag, 0.46% Cu, 5.24% Pb and 11.45% Zn
D-73-01-21: 159.00 m of 79 g/t Ag, 0.29% Cu, 2.25% Pb and 5.75% Zn, including 99.20 m of 112 g/t Ag, 0.45% Cu, 3.21% Pb and 8.07% Zn
D-73-02-21: 47.65 m of 21 g/t Ag, 0.02% Cu, 1.54% Pb and 2.95% Zn, and 17.95 m of 38 g/t Ag, 0.04% Cu, 3.11% Pb and 4.00% Zn and 21.30 m of 27 g/t Ag, 0.18% Cu, 0.87% Pb and 3.94% Zn
D-71-01-21: 44.65 m of 48 g/t Ag, 0.05% Cu, 3.06% Pb and 5.83% Zn, and 15.95 m of 100 g/t Ag, 0.28% Cu, 7.30% Pb and 7.07% Zn
D-71-02-21: 113.9 m of 50 g/t Ag, 0.09% Cu, 2.74% Pb and 4.48% Zn, and 73.40 m of 46 g/t Ag, 0.20% Cu, 1.70% Pb and 6.29% Zn, and 54.50 m of 57 g/t Ag, 0.11% Cu, 3.46% Pb and 3.47% Zn
D-71-03-21: 22.10 m of 60 g/t Ag, 0.09% Cu, 2.15% Pb and 3.20% Zn, and 55.10 m of 42 g/t Ag, 0.07% Cu, 1.16% Pb and 3.87% Zn and 191.85 m of 91 g/t Ag, 0.21% Cu, 4.80% Pb and 8.00% Zn
D-62-02-21: 126.75 m of 39 g/t Ag, 0.12% Cu, 1.41% Pb and 2.91% Zn, including 24.10 m of 35 g/t Ag, 0.16% Cu, 2.56% Pb and 5.20% Zn
D-21-02-21: 219.90 m of 59 g/t Ag, 0.20% Cu, 1.24% Pb and 3.82% Zn, including 91.30 m of 51 g/t Ag, 0.20% Cu, 2.05% Pb and 6.11% Zn

Exploration drilling to the east of the main skarn resource (reported on August 4 2020) discovered a new zone roughly 200 metres by 250 metres in area. This new zone is defined by new directional drill holes D-71-01/02/03, S-73-21 and D-73-01/02-21 that surround previously reported S-71-21. New drill holes in this area contain multiple mineralized skarn intercepts ranging from 20 to 191 metres wide. Drill hole D-71-03-21 contained several intercepts with one of which was 191.85 metres of 91g/t Ag, 0.21% Cu, 4.8% Pb and 8.00% Zn

To the west of the main skarn zone, U-83-21 extends mineralization from holes U-05-21 and 67-21 (reported on November 10, 2021). U-83-21 contains an intercept of 322 metres at 64 g/t Ag, 1.92% Pb and 3.8% Zn. Mineralization is now defined along a north to northwest trend, which remains open to further drilling.

Drilling to the south of the skarn resource has successfully expanded breccia-style mineralization over 100 metres southeast of D-95-03-21 with drill hole D-95-04-21 containing various breccia zones over a 200 metre drill length.


Summary of Drill Results

The following table provides the drill results for the La Colorada skarn deposit for the fourth quarter of 2021. Previous drill results not included in this table in this table are disclosed in Pan American's news releases, which are referenced together with additional drilling information of the La Colorada skarn and available at https://www.panamericansilver.com/operations/exploration/la-colorada-skarn/. To view cross sections and plan, please see our website at panamericansilver.com.

Hole No.
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(1) True widths of the mineralized intervals are unknown at this time.

(2) Partial results received.

La Colorada Skarn - Drill Hole Collar Information

Drill Hole ID


East Local


North Local


Elevation


Length (m)


Azimuth Avg (0) Dip Avg

D-01-03-21 5365.7 5404.4 2538.8 930.5 314.8 -72.1

D-107-08-21 5114.4 5573.5 2536.1 691.6 200.6 -85.2

D-107-09-21 5114.4 5573.5 2536.1 615.4 198.5 -88.0

D-21-01-21 5279.5 5327.5 2557.0 634.4 285.9 -81.5

D-21-02-21 5279.5 5327.5 2557.0 638.7 321.9 -75.3

D-62-01-21 5996.9 5753.7 2554.7 758.4 233.4 -83.1

D-62-02-21 5996.9 5753.7 2554.7 717.9 188.6 -81.2

D-62-03-21 5996.9 5753.7 2554.7 768.7 265.9 -85.0

D-66-01-21 5060.5 5509.3 2511.2 1067.4 195.0 -84.2

D-66-02-21 5060.5 5509.3 2511.2 591.8 144.0 -80.1

D-66-03-21 5060.5 5509.3 2511.2 595.4 146.9 -72.4

D-71-01-21 6004.3 5588.6 2529.3 791.0 259.0 -84.8

D-71-02-21 6004.3 5588.6 2529.3 707.8 228.8 -82.9

D-71-03-21 6004.3 5588.6 2529.3 779.8 179.0 -82.8

D-73-01-21 5798.7 5607.7 2578.1 993.9 106.6 -86.3

D-73-02-21 5798.7 5607.7 2578.1 806.6 87.3 -77.8

D-95-04-21 5403.1 5126.1 2549.6 841.8 66.5 -73.7

S-21-21 5279.5 5327.5 2557.0 1453.0 172.0 -87.6

S-73-21 5798.7 5607.7 2578.1 1582.4 210.2 -89.3

U-83-21 4844.1 5317.3 1995.3 1083.4 282.4 -87.6

Total length 17049.7
General Notes with Respect to Technical Information

Grades are shown as contained metal before mill recoveries are applied. All samples provided in this news release, were prepared and analyzed by SGS in Durango, Mexico using acid digestion with ICP finish for silver, lead, zinc, and copper. Pan American implements a quality assurance and quality control ("QAQC") program including the submission of certified standards, blanks, and duplicate samples to the laboratories. The results of the QAQC samples submitted to SGS demonstrate acceptable accuracy and precision. The Qualified Person is of the opinion that the sample preparation, analytical, and security procedures followed for the samples are sufficient and reliable for the purpose of any future Mineral Resource and Mineral Reserve estimates. 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. SGS is independent from Pan American.

Mineral Resources and Mineral Reserves are as defined by the Canadian Institute of Mining, Metallurgy and Petroleum.

Mineral Resources that are not Mineral Reserves have no demonstrated economic viability. No Mineral Reserves have yet been estimated for the Skarn deposit.

See the Company's Annual Information Form dated February 23, 2022, available at www.sedar.com for further information concerning QAQC 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 Business Development 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 NI 43-101.

Pan American Silver Corp 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.

About Pan American Silver

Pan American Silver owns and operates silver and gold mines located in Mexico, Peru, Canada, Argentina and Bolivia. We also own the Escobal mine in Guatemala that is currently not operating. Pan American Silver provides enhanced exposure to silver through a large base of silver reserves and resources, as well as major catalysts to grow silver production. We have a 28-year history of operating in Latin America, 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 NASDAQ and the Toronto Stock Exchange under the symbol "PAAS".

Learn more at panamericansilver.com