Pan American Energy Approved to Increase Phase 1 Drill Program to 22 Lithium Prospecting Core Holes
Pan American Energy Corp. (CSE: PNRG, OTC PINK: PAANF) has received Bureau of Land Management approval for an amendment to increase its exploration drilling from 19 to 22 lithium prospecting core holes at the Horizon Lithium Project, located in Esmeralda County, Nevada. This expansion allows for enhanced opportunities to detect lithium mineralization early in the phase 1 program. The Horizon Lithium Project spans 17,334 acres and is adjacent to American Battery Technology’s project. CEO Jason Latkowcer emphasized the efficacy of Nevada's permitting system in supporting mining initiatives.
- Approval for 22 lithium prospecting core holes enhances exploration potential.
- Strategic drilling location near the American Battery Technology project may increase discovery chances.
- Fully permitted to proceed with the phase 1 drilling program.
- None.
The Bureau of Land Management has approved the Notice of Amendment, increasing the program from 19 to 22 lithium prospecting core holes
CALGARY, Alberta, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6) is pleased to announce the Company has received approval to the previously submitted Notice of Amendment (“NOA”) to the Bureau of Land Management (“BLM”), Tonopah Field Office for exploration drilling at its 17,334 acres Horizon Lithium Project. The Company is now fully permitted to drill up to twenty-two (22) lithium prospecting core holes with associated access on federal surface and mineral, under the management of the BLM – Tonopah Field Office, approximately 7.4 miles west of Tonopah, Esmeralda County, Nevada.
Jason Latkowcer, Chief Executive Officer comments, “After a thorough review of our original 19 lithium prospecting core hole plan, it was determined that adding an additional 3 holes to the northern tip of our property, immediately south of American Battery Technology’s Tonopah Flats Project, would provide us with the best opportunity to hit lithium mineralization early in the phase 1 program. Nevada’s mining, permitting, and amendment support system via the Bureau of Land Management once again proves it is second to none.”
Figure 1 - Drill Hole Locations
Figure 2 - Drill Hole Locations 2
About Pan American Energy Corp.
Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) (FSE: SS6) is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties containing battery metals in North America.
The Company’s maiden asset is the
The Company executed an option agreement in Canada with Magabra Resources with the right to acquire up to
On Behalf of the Board of Directors
Jason Latkowcer
CEO & Director
Contact
Phone: (585) 885-5970
Email: info@panam-energy.com
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 Company’s planned drilling and sampling program, including the date upon which the Company expects to announce its phase one plans, the amount of drilling to be contained in such program and the proposed location of the exploration undertaken as part of the program, and the potential commercialization of the Property.
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 Company will be successful in commercializing the Property and that the Company will undertake its planned drilling and sampling program on the timeline and parameters that are currently expected. Such assumptions and factors are based on information currently available to the Company.
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 risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a Project, and that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company, including the establishment of a commercial mining operation. The forward-looking information contained in this release is made as of the date hereof, and the Company 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.
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FAQ
What recent approval did Pan American Energy Corp. receive regarding the Horizon Lithium Project?
How many additional core holes can Pan American Energy drill at its Horizon Lithium Project?
What is the significance of the location of the Horizon Lithium Project?
What is the area size of the Horizon Lithium Project?
