Mr. Jason Latkowcer reports
PAN AMERICAN ENERGY ANNOUNCES COMPLETION OF THE SPRING 2024 FIELD PROSPECTING AND SAMPLING PROGRAM AT THE BIG MACK LITHIUM PROJECT
Pan American Energy Corp. has completed the spring 2024 field prospecting and sampling program at the Big Mack lithium project, located 80 kilometres (km) north of the town of Kenora, Ont. The exploration program is part of a collaborative research project with the Institute of Microbial Systems and Society (IMSS) at the University of Regina (U of R), entitled Geomicrobiology for Detecting Rare Metal deposits.
The spring 2024 field prospecting and sampling program commenced on May 13, 2024, and completed on June 21, 2024, both on time and on budget. The program was led by Dr. Jared Suchan, PGeo (technical adviser), and Dr. Andrew Cameron (IMSS/U of R), utilizing eight students specializing in geosciences from the U of R for field sample collection. The students recorded field data across the project area, documented site observations, tested ground water chemistry and collected an array of samples when possible, including soil, rocks and vegetation. A total number of 856 stations were performed, from which 189 water chemistry measurements were taken; 885 soil, 659 rock and 392 plant samples were collected for geochemical analysis at the Saskatchewan Research Council (SRC) Geoanalytical Laboratory in Saskatoon; and 881 soil samples were collected for geomicrobial analysis at the IMSS Laboratory in Regina, Sask. There were 120 calibration stations focused on calibrating geomicrobial signatures over various types of pegmatites (both mineralized and barren) at 10-metre spacing and 462 general stations dedicated to covering the majority (452 acres) of the project at 65-metre spacing. A regional pegmatite corridor, identified by previous operators based upon trends of rock and plant geochemistry, was tested in greater detail with 130 wide-corridor stations at 45-metre spacing across 119 acres. Within the corridor area tested, the highest level of detail (32-metre spacing across 67 acres) was evaluated with 144 narrow-corridor stations on a narrow band that coincided with several magnetic anomalies that had been detected in a previous high-resolution survey. Pan American intends to complement existing geochemical and geophysical exploration data on the property by using geomicrobiology to help generate, improve and refine exploratory drill targets at Big Mack. The research project is currently under review by the Natural Sciences and Engineering Research Council of Canada (NSERC) for a grant under the Alliance Grants -- Mitacs Accelerate project which, if received, will be applied to offset the costs of the research, including the costs of the sampling program at Big Mack.
Jason Latkowcer, chief executive officer, commented: "With the successful completion of the spring 2024 field prospecting and sampling program at our Big Mack lithium project, we are excited about the efficiency and precision demonstrated by our team and partners. The integration of geomicrobiology with our existing geochemical and geophysical data is expected to be a promising step forward in improving how new drills targets are selected. We look forward to the results from the SRC and IMSS to help guide our next steps."
Qualified person
The technical content of this news release has been reviewed and approved by Jared Suchan, PhD, PGeo, who is an independent consultant of the company and a qualified person as defined by National Instrument 43-101.
About Pan American Energy Corp.
Pan American Energy is an exploration-stage company engaged principally in the acquisition, exploration and development of mineral properties containing battery metals in North America.
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