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La Colorada Skarn

Pan American owns 100% of the large polymetallic deposit discovered in 2018 through brownfield exploration near its La Colorada mine. The deposit is estimated to contain 141 million ounces of silver and a large volume of base metals based on the inferred mineral resource estimate of 100.4 million tonnes released on August 4, 2020.

Inferred Mineral Resource Estimate

M Tonnes Ag g/t Cu % Pb % Zn %
100.4 44 0.20 1.77 4.29
Reported mineral resources do not include amounts identified as mineral reserves. Mineral resources that are not mineral reserves have no demonstrated economic viability. Assuming a cut-off grade of US$60/tonne. Prices used to estimate inferred mineral resources were: US$18.50 per ounce of silver, US$2,600 per tonne of zinc, US$2,200 per tonne of lead, and US$6,500 per tonne of copper. Refer to the August 4, 2020 news release for further details. The effective date of the inferred mineral resources estimate is August 4, 2020. Mineral resources are not mineral reserves and have no demonstrated economic viability. The inferred mineral resource estimate was prepared under the supervision of, or was reviewed by, Christopher Emerson, FAusIMM, Vice President Business Development and Geology and Martin G. Wafforn, P.Eng., Senior Vice President Technical Services and Process Optimization, each of whom is a Qualified Person as that term is defined in National Instrument 43-101. Please refer to our Legal Notice for cautionary information on forward-looking statements and mineral reserve and resources.

Video of Skarn Discovery