Pan American Silver Reports Recent Drill Results for the La Colorada Skarn Discovery

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14/02/2020 07:48
VANCOUVER, Feb. 13, 2020 /CNW/ - Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American", or the "Company") today announced results for 14 holes drilled on the La Colorada polymetallic skarn discovery in Mexico during the fourth quarter of 2019.

"Further step-out exploration drill results demonstrate the potential to increase our initial 72.5 million tonne resource estimate announced on December 11, 2019," said Christopher Emerson, Pan American's Vice President Business Development and Geology. "Drillholes U-88-19 and U-105-19 indicate extensions of high grade massive sulphides to the southeast, while holes D-81-01-19 and S-81-19 indicate the resource may expand to the northeast."

Drill highlights include:
•U-88-19: 270.9 m at 60 g/t Ag, 0.17% Cu, 2.69% Pb and 4.52% Zn including 166.9 m at 85 g/t Ag, 0.18% Cu, 3.93% Pb and 6.39% Zn
•U-105-19: 192.5 m at 30 g/t Ag, 0.15% Cu, 2.42% Pb and 3.51% Zn including 105.6 m at 29 g/t Ag, 0.14% Cu, 3.05% Pb and 4.52% Zn
•D-30-03-19: 76.1 m at 35 g/t Ag, 0.20% Cu, 2.04% Pb and 3.31% Zn
•D-30-05-19: 62.5 m at 51 g/t Ag, 0.28% Cu, 1.79% Pb and 4.57% Zn
•D-81-01-19: 32.9 m at 54 g/t Ag, 1.15% Cu, 0.36% Pb and 2.51% Zn and 75.9 m at 78 g/t Ag, 0.50% Cu, 0.34% Pb and 3.83% Zn and 19.2 m at 133 g/t Ag, 0.88% Cu, 0.25% Pb and 3.36% Zn
•U-87-19: 47.2 m at 33 g/t Ag, 0.09% Cu, 2.13% Pb and 4.95% Zn
•S-81-19: 24.5 m at 54 g/t Ag, 0.05% Cu, 2.01% Pb and 10.33% Zn and 28.8 m at 43 g/t Ag, 0.16% Cu, 1.03% Pb and 3.54% Zn

Since the discovery in 2018, Pan American has drilled a total of approximately 60,000 metres on the La Colorada skarn. An initial inferred mineral resource estimate of the deposit was provided in the Company's news release dated December 11, 2019. The most recent drill results provided in this news release were not included in this initial resource estimate.

In 2020, Pan American plans to invest US$16 million to $18 million on the drilling program, early stage engineering and metallurgical testing for the La Colorada skarn discovery. The 44,000 metre drill program is focused on infill and exploration drilling to further define, expand and add confidence to the inferred resource estimate. Pan American is aiming to provide an update on the initial resource estimate concurrent with the release of its annual mineral reserve and resource estimates effective June 30, 2020.

Please see our website at: for further information, including cross sections, plan and images of the mineralized core.

Summary of Drill Results for the Fourth Quarter of 2019
Previous drill results disclosed in Pan American's news releases dated October 23, 2018, February 21, 2019, May 8, 2019, August 1, 2019, and October 30, 2019 are not included in this table.

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