Pan American Energy Commences Drilling on Big Mack Lithium Project
Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS60) is excited to announce the initiation of drilling activities on its Big Mack Lithium Project, located near Kenora, Ontario. The exploration program, conducted by Fullforce Diamond Drilling Ltd. with support from Axiom Exploration Group Ltd., aims to drill approximately 5,000 meters. The drilling targets were identified through historical analysis, UAV magnetic surveys, and the 2023 field prospecting program.
Project Highlights
The Big Mack Lithium Project boasts several key features:
- Over 20+ pegmatites have been identified, with three priority targets: Big Mack Pegmatite, Eleven Zone, and 6059 Pegmatite.
- The project is adjacent to Avalon Advanced Material Corp.'s Separation Rapids joint venture project, known for its significant lithium oxide resource.
- The company has completed a magnetic survey, LiDAR survey, and prospecting program, identifying multiple high-priority drilling targets.
- Previous surface samples from the property have shown promising lithium oxide grades, particularly in the Eleven, Big Mack, and 6059 pegmatites.
Pan American Energy CEO, Jason Latkowcer, expressed enthusiasm for the drilling program, highlighting the project's strategic location and the recent investment in neighboring Avalon Advanced Materials. The company aims to support Ontario's critical mineral supply chain and wishes success to its partners involved in the program.
Qualified Person Lynde Guillaume, P.Geo., a consulting geologist of Axiom Exploration, has reviewed and approved the technical content of this news release.
For more detailed information on the surface sampling program and results, please refer to the company's news release dated August 9, 2023.
About the Big Mack Lithium Project
Located north of Kenora, Ontario, the Big Mack Lithium Project is within an Ontario registered mining lease. The property hosts several lithium-bearing pegmatites, including the prominent Big Mack pegmatite. Historic drilling campaigns have revealed mineralization extending along a significant strike length, with the potential for further depth and lateral extensions.
About Pan American Energy Corp.
Pan American Energy Corp. is an exploration stage company focused on acquiring, exploring, and developing mineral properties containing battery metals in North America. The company holds an option agreement with Magabra Resources for the Big Mack Lithium Project and a property option agreement with Horizon Lithium LLC for the Horizon Lithium Project in Nevada, USA.
For investor updates, please visit https://panam-energy.com.
On behalf of the Board of Directors, CEO & Director Jason Latkowcer can be contacted at (587) 885-5970 or via email at info@panam-energy.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking information and statements regarding the Company's exploration plans and the expected benefits of the drilling program. These statements are based on the Company's current beliefs and assumptions and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated. Investors should exercise caution when relying on forward-looking information. The Company does not undertake any obligation to update or revise any forward-looking statements, except as required by applicable securities laws.
Hot Take: Pan American Energy's Drilling Commencement and its Impact on New Businesses
The recent announcement by Pan American Energy Corp. about the commencement of drilling activities on its Big Mack Lithium Project could have significant implications for new businesses in the mining and energy sectors. The project, located near Kenora, Ontario, is a prime example of a company leveraging historical analysis, UAV magnetic surveys, and field prospecting to identify drilling targets. This approach could serve as a blueprint for new businesses looking to streamline their exploration processes.
Strategic Partnerships and Location
Pan American's strategic partnership with Fullforce Diamond Drilling Ltd. and Axiom Exploration Group Ltd. underscores the importance of collaboration in achieving business objectives. New businesses can learn from this model, understanding that strategic alliances can provide the necessary support and expertise to drive projects forward.
Investment in Critical Mineral Supply Chain
The Big Mack Lithium Project is not just a business venture; it's a commitment to supporting Ontario's critical mineral supply chain. This investment in local resources could inspire new businesses to consider how their operations can contribute to local economies and industries.
Forward-Looking Statements
Lastly, Pan American's forward-looking statements about their exploration plans and the expected benefits of the drilling program are a lesson in optimism and strategic planning. New businesses can take note of this approach, understanding that while there are always risks and uncertainties, a clear vision and plan can guide a company towards its goals.
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