New Mineralised Zones Identified At Big Mack Project

New Mineralised Zones Identified At Big Mack Project

CALGARY – Pan American Energy Corp. reported on 15 holes from the 2023/2024 diamond drill program on the Big Mack Lithium Project, located approximately 80 kilometers north of the town of Kenora, ON. The drilling campaign was carried out by Full force Diamond Drilling Ltd. (“Full Force”) under the geological guidance of Axiom Exploration Group Ltd.

This phase of drilling focused on areas of the Property with indications for mineralization but no historic drilling testing. Targets were identified using 2023 geochemical surface sampling results and, UAV detailed magnetic survey results, and also were designed to test prospective areas extending along strike and down dip of previously identified mineralization. Exploration drilling has encountered high grade lithium mineralization in drill holes targeting below the 6059 Pegmatite and exploration drill holes to the southeast of the Sprinkler Zone.

Highlights: 1) 1.29% Li2O over 16.6 meters (BM24-039) including 3.61% Li2O over 0.57 meters below the western flank of the 6059 Pegmatite. 2) 2.28% Li2O over 3.0 meters within a 22.26-meter interval of 0.68 % Li2O (BM24-045) intersected approximately 110 m east of the main 6059/Sprinkler zone. 1.03% Li2O over 0.98 meters (BM24-046) was encountered at depth below drill hole BM24-045. 3) Mineralization remains open at depth and along strike to the southeast of the Sprinkler Zone. 4) Anomalous tin values up to 5520 ppm were intersected in exploration drill holes along strike of the Eleven Zone and Big Mack Pegmatite indicating the potential for mineralization to the west of the known showings.

Jason Latkowcer, Chief Executive Officer, said, “We are pleased to report on the latest assays received on the Property. Our team has identified new mineralized zones in areas where high grade lithium had not previously been identified. This confirms to us that the Property has the potential for more discoveries, and as we refine our understanding of the geology, we will look to follow-up these intercepts as they remain open at depth and along strike.”