VANCOUVER, BC, July 21, 2022 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today released results for 22 new infill and exploration drill holes totaling 18,071 metres that further demonstrate the size and quality of the mineralization at the Company's La Colorada Skarn project. Infill drill hole D-96-03-22, in the western portion of the deposit, contains an extensive zone of high grade silver and base metal sulphide mineralization with an intercept of 295.5 metres at 234 g/t Ag, 6.36% Pb and 5.72% Zn, including 97.0 metres at 654 g/t Ag, 15.35% Pb and 11.38% Zn.

"Drillhole D-96-03-22 returned the highest-grade intercept from the more than 200,000 metres drilled to date on the La Colorada Skarn project," said Christopher Emerson, Pan American's Vice President Business Development and Geology. "Further infill drilling will provide tighter spacing to help define this high-grade zone, while step out drilling targets extension of the footprint to the west where the mineralization is still open."

Pan American plans to provide an update to the mineral resource estimate for the La Colorada Skarn in the third quarter of 2022. The cut-off date for the resource update was April 30, 2022, hence the drill results disclosed today will not be included in the upcoming mineral resource update.

Plan of the La Colorada Skarn drill holes disclosed on July 21, 2022 (CNW Group/Pan American Silver Corp.)

Drill Highlights Include:

D-96-03-22: 295.50 m at 234 g/t Ag, 0.09% Cu, 6.36% Pb and 5.72% Zn, including 97.00 m at 654 g/t Ag, 0.16% Cu, 15.35% Pb and 11.38% Zn
D-96-04-22: 31.25 m at 216 g/t Ag, 0.05% Cu, 5.60% Pb and 4.82% Zn and 40.65 m at 99 g/t Ag, 0.03% Cu, 3.64% Pb and 4.50% Zn
D-71-07-22: 188.50 m at 59 g/t Ag, 0.09% Cu, 3.14% Pb and 4.82% Zn, including 91.30 m at 70 g/t Ag, 0.13% Cu, 3.57% Pb and 5.86% Zn
D-93-03-22: 117.65 m at 35 g/t Ag, 0.09% Cu, 2.75% Pb and 3.92% Zn
D-93-04-22: 69.10 m at 48 g/t Ag, 0.06% Cu, 3.78% Pb and 4.83% Zn
D-93-05-22: 188.70 m at 68 g/t Ag, 0.11% Cu, 4.66% Pb and 6.16% Zn, including 62.65 m at 77 g/t Ag, 0.13% Cu, 6.69% Pb and 7.58% Zn
U-11-22: 67.70 m at 54 g/t Ag, 0.12% Cu, 3.69% Pb and 5.38% Zn
U-18-22: 160.90 m at 82 g/t Ag, 0.16% Cu, 3.67% Pb and 6.30% Zn, including 104.60 m at 83 g/t Ag, 0.20% Cu, 5.14% Pb and 8.91% Zn and 124.20 m at 50 g/t Ag, 0.11% Cu, 2.04% Pb and 2.66% Zn, including 43.95 m at 70 g/t Ag, 0.18% Cu, 4.10% Pb and 5.05% Zn.

The drill results disclosed today have expanded the mineralized area of the Skarn deposit, as described in the following points:

D-96-03-22 and D-96-04-22 both show high silver grades. Together with drill hole U-67-21, disclosed on November 10, 2021, which returned 114.6 metres at 133 g/t Ag, 3.60% Pb and 4.83% Zn and 16.5 metres at 228 g/t Ag, 3.36% Pb and 6.45% Zn, these holes support the interpretation of an east-west trending high grade silver zone between the Amolillo and NC2 veins that extends for at least 100 metres.
Underground and surface drilling in the western portion of the Skarn from drill holes west of U-11-22 and S-93-21, respectively, have shown consistently wide intercepts and high grade mineralization.
Infill drilling D-95-10/11/12–22 extending mineralization to the south of the central block showed multiple skarn and breccia style mineralization with widths up to 90 metres.
D-71-07-22 drilled in the eastern block intercepted strong sulphide mineralization over 180 metres and further opens up exploration to the east and south. D-62-06-22 and D-62-07-22 also provided continuity of the mineralization 150 metres to the east.

Summary of Drill Results

The following table provides the drill results for the La Colorada Skarn deposit for the second quarter of 2022.

Previous drill results not included in this table have been disclosed in Pan American's news releases, which are available, together with cross sections, plans and images of the skarn mineralized core, on our website at:

https://www.panamericansilver.com/operations/exploration/la-colorada-skarn/.

(2) Partial results received.
La Colorada Skarn - Drill Hole Collar Information