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Pan American Energy Announces Commencement of Drilling Program at Big Mack Lithium Property

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Pan American Energy has initiated a new 2,000-meter diamond drilling program at its Big Mack Lithium Property in northwestern Ontario, Canada. This program builds upon an earlier 8,000-meter drill campaign from 2023-24 and aims to further delineate high-priority targets and refine the property's geological model.

The program will also investigate cesium potential, which has been identified beyond the lithium-dominant zones within the pegmatite cores. The property, situated in the Separation Lake Greenstone Belt, has already shown multiple mineralized pegmatite zones, including the Big Mack, Eleven Zone, and 6059/Sprinkler Zone pegmatites.

Pan American Energy ha avviato un nuovo programma di perforazione a diamante di 2.000 metri presso il suo Big Mack Lithium Property nel nord-ovest dell'Ontario, Canada. Questo programma si basa su una precedente campagna di perforazione di 8.000 metri del 2023-24 e mira a delineare ulteriormente i target ad alta priorità e a perfezionare il modello geologico della proprietà.

Il programma indagherà anche il potenziale del cesio, che è stato identificato oltre le zone dominate dal litio all'interno dei nuclei pegmatitici. La proprietà, situata nel Separation Lake Greenstone Belt, ha già mostrato più zone di pegmatite mineralizzate, inclusi i pegmatiti Big Mack, Eleven Zone e 6059/Sprinkler Zone.

Pan American Energy ha iniciado un nuevo programa de perforación con diamante de 2,000 metros en su Big Mack Lithium Property en el noroeste de Ontario, Canadá. Este programa se basa en una campaña de perforación anterior de 8,000 metros de 2023-24 y tiene como objetivo delinear más los objetivos de alta prioridad y refinar el modelo geológico de la propiedad.

El programa también investigará el potencial de cesio, que se ha identificado más allá de las zonas dominadas por litio dentro de los núcleos de pegmatita. La propiedad, situada en el Separation Lake Greenstone Belt, ya ha mostrado múltiples zonas de pegmatitas mineralizadas, incluyendo los pegmatitas Big Mack, Eleven Zone y 6059/Sprinkler Zone.

파나메리칸 에너지가 캐나다 온타리오 북서쪽의 빅 맥 리튬 자산에서 2,000미터 다이아몬드 시추 프로그램을 시작했습니다. 이 프로그램은 2023-24년의 8,000미터 시추 캠페인을 바탕으로 하며, 높은 우선 순위의 목표를 더 구체화하고 자산의 지질 모델을 개선하는 것을 목표로 하고 있습니다.

프로그램은 리튬이 우세한 지역을 넘어 페그마타이트 코어 내에서 발견된 세슘 잠재력도 조사할 예정입니다. Separation Lake Greenstone Belt에 위치한 이 자산은 이미 Big Mack, Eleven Zone 및 6059/Sprinkler Zone 페그마타이트를 포함하여 여러 광물화된 페그마타이트 지대를 보여주었습니다.

Pan American Energy a lancé un nouveau programme de forage diamant de 2 000 mètres sur son Big Mack Lithium Property dans le nord-ouest de l'Ontario, au Canada. Ce programme s'appuie sur une campagne de forage antérieure de 8 000 mètres réalisée en 2023-24 et vise à mieux délimiter les cibles prioritaires et à affiner le modèle géologique de la propriété.

Le programme examinera également le potentiel de césium, qui a été identifié au-delà des zones dominées par le lithium au sein des noyaux de pegmatite. La propriété, située dans le Separation Lake Greenstone Belt, a déjà montré plusieurs zones de pegmatites minéralisées, y compris les pegmatites Big Mack, Eleven Zone et 6059/Sprinkler Zone.

Pan American Energy hat ein neues Diamantbohrprogramm von 2.000 Metern in seinem Big Mack Lithium Property im Nordwesten Ontarios, Kanada, gestartet. Dieses Programm baut auf einer früheren Bohrkampagne von 8.000 Metern aus den Jahren 2023-24 auf und zielt darauf ab, hochpriorisierte Ziele weiter zu umreißen und das geologische Modell der Liegenschaft zu verfeinern.

Das Programm wird auch das Cesium-Potenzial untersuchen, das außerhalb der lithiumdominierenden Zonen innerhalb der Pegmatitkerne identifiziert wurde. Die Liegenschaft, die sich im Separation Lake Greenstone Belt befindet, hat bereits mehrere mineralisierte Pegmatitzonen gezeigt, darunter die Pegmatite Big Mack, Eleven Zone und 6059/Sprinkler Zone.

Positive
  • Expansion of drilling program with additional 2,000 meters
  • Discovery of cesium mineralization beyond lithium zones, potentially increasing project value
  • Strategic location in known LCT pegmatite region
Negative
  • None.

Pan American Energy Launches 2,000-Meter Drilling Program to Advance Exploration at Big Mack Property

CALGARY, Alberta, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTCQB: PAANF | FRA: SS60) (“Pan American” or the “Company”) is pleased to announce the commencement of the latest drilling program at its Big Mack Lithium Property, located in the Paterson Lake Area of northwestern Ontario, Canada.

This program will complete approximately 2,000 meters of diamond drilling before the end of the year, building upon the earlier 8,000-meter drill campaign performed in 2023-24, and designed to further delineate high-priority targets and refine the geological model for the Big Mack Property. This work continues on the successes of earlier exploration programs that have highlighted the property's potential for high-grade lithium mineralization.

An additional focus of this program will be to further investigate the potential of cesium, a critical mineral identified during previous exploration. Recent analysis suggests cesium enrichment beyond the lithium-dominant zones within the core of the pegmatites. This presents an exciting opportunity to assess additional mineralization that could increase the project’s value.

The Big Mack Lithium Property, part of the Separation Lake Greenstone Belt, is strategically positioned in a region known for its high-potential LCT (lithium-cesium-tantalum) pegmatites. Pan American continues to build on its successful exploration efforts, which have already delineated multiple mineralized pegmatite zones, including the Big Mack, Eleven Zone, and 6059/Sprinkler Zone pegmatites.

“This new drilling campaign is an important step in advancing the Big Mack Property,” commented Paul Gorman, Interim CEO. “By leveraging the insights from our recently integrated geochemical and geophysical datasets, we are confident in our ability to further delineate high-grade zones and explore the cesium prospect, increasing the economic potential of this exciting project.”

The Company remains committed to responsible exploration and is working closely with local stakeholders and rights holders to ensure the program is conducted sustainably and transparently.

The scientific and technical content of this news release has been reviewed, verified and approved by Jared Suchan, Ph.D., P.Geo., Technical Advisor at the Company, and a “Qualified Person” as defined by National Instrument 43-101.

About Pan American Energy Corp.

Pan American Energy Corp. (CSE: PNRG) (OTCQB: PAANF) (FSE: SS60) is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties containing battery metals in North America.

The Company has executed an option agreement in Canada with Magabra Resources pursuant to which it has acquired a 75% interest in the Big Mack Lithium Project, 80 km north of Kenora, Ontario. The Company can earn an additional 15% interest in Big Mack, for a total of 90% interest.

To register for investor updates, please visit https://panam-energy.com.

On Behalf of the Board of Directors

Paul Gorman
CEO

Contact
Phone : (587) 885-5970
Email: info@panam-energy.com

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the proposed Consolidation, including the record date of the Consolidation.

Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, the assumption that the Consolidation will be completed as currently anticipated and on the timeline currently anticipated.

Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, that the Consolidation may not be completed by the Company on the timeline anticipated, or at all; and that the board of directors of the Company retains discretion over the terms and implementation of the Consolidation. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this ‎press release.‎


FAQ

What is the size of Pan American Energy's new drilling program at Big Mack Property (PAANF)?

Pan American Energy's new drilling program at Big Mack Property consists of 2,000 meters of diamond drilling, following an earlier 8,000-meter campaign from 2023-24.

Where is Pan American Energy's Big Mack Lithium Property (PAANF) located?

The Big Mack Lithium Property is located in the Paterson Lake Area of northwestern Ontario, Canada, within the Separation Lake Greenstone Belt.

What minerals has Pan American Energy (PAANF) identified at the Big Mack Property?

Pan American Energy has identified lithium mineralization in pegmatites, as well as cesium enrichment beyond the lithium-dominant zones within the core of the pegmatites.

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