Pan American Silver provides mid-year exploration update
Pan American Silver provides mid-year exploration update
Vancouver, B.C. – June 17, 2024 - Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the
"Company") releases new drill results for its Jacobina, El Peñon, La Colorada and Huaron properties, reflecting the
potential for continued mineral resource replacement at these assets. In particular, drill results from La Colorada
and El Peñon reveal the significant exploration potential to find additional mineralized structures in under-
explored ground surrounding these operations, highlighting the potential for mineral resource growth close to
existing mine infrastructure.
“At La Colorada, we discovered an entirely new set of vein structures with high silver grades to the east and
southeast of the main NC2 vein. At El Peñon, drill results from the Pampa Sur zone bode well for potential mineral
resource additions close to the existing mine infrastructure, with additional potential in the largely unexplored
southern area of the mine,” said Christopher Emerson, Pan American’s Vice President of Exploration and Geology.
Pan American’s exploration program focuses on near-mine exploration and mineral resource conversion
throughout its portfolio. Since the last exploration update provided on December 5, 2023, a total of 223,157
metres have been drilled over the November 1, 2023 to April 30, 2024 period. The Company plans to drill an
additional 200,000 metres from May 2024 to December 2024.
The drill results disclosed in this news release, together with the results from the second half of the 2023 drill
program, will be integrated into the Company’s mineral reserves and mineral resources update as at June 30,
2024, which is expected to be released in August 2024. All intercepts are reported as estimated true widths in
metres ("m").
EXPLORATION HIGHLIGHTS
Jacobina mine, Brazil:
Jacobina is an underground paleo-placer gold mine located in the state of Bahia in northeastern Brazil.
Mineralization is hosted by a series of steeply to moderately dipping quartz pebble conglomerate reefs, which
range up to several metres in width. The mine complex extends over eight kilometres north/south, with mineral
resources and exploration targets extending over a 14 kilometre trend. Mineralization remains open at depth and
along strike in multiple areas.
• Recent drilling at Jacobina totaled 30,426m, utilizing up to 13 surface and underground diamond drill rigs.
The program included 18,847m of infill drilling to support conversion of inferred to indicated mineral
resources at João Belo Sul, Morro do Vento, Serra do Córrego and Maricota zones. Exploration drilling
totaling 7,930m was aimed at adding new mineral resources at the Maricota, João Belo Sul, João Belo
Norte and Morro do Vento zones. In addition, 3,649m of exploration drilling tested new targets proximal
to the mine area.
• 7,088m of infill drilling at João Belo Sul confirms mineralization continuity, with drill hole JBS00062
returning 6.42m @ 2.37 g/t Au, including 2.72m @ 3.90 g/t Au and 6.23m @ 2.77 g/t Au, including 2.87m
@ 4.12g/t Au.
• At Morro do Vento, infill drilling confirms continuity and higher grades in the upper reefs in areas that had
limited previous drilling. Hole MVTEX00195 returned 3.29m @ 15.40 g/t Au and 6.11m @ 2.48 g/t Au,
including 2.10m @ 3.77 g/t Au. Hole MVTEX00191 included 8.14m @ 4.31 g/t Au, including 2.22m @ 6.38
g/t Au. A portion of the lower conglomerate zone was successfully converted to indicated mineral
resources with infill hole MVTEX00193 returning 6.76m @ 3.91 g/t Au and 2.48m @ 4.53 g/t Au and
MVTEX00198, with 7.02m @ 2.35 g/t Au, including 2.64m @ 4.24 g/t Au.
• Exploration and infill drilling at Maricota also confirmed grade continuity. Drill highlights include holes
MRCEX0019, with 8.45m @ 2.22 g/t Au, including 4.84m @ 3.05 g/t Au, MRCEX0016 with 2.56m @ 4.04 g/
t Au (LVLPC reef) and 1.19m @ 56.48 g/t Au (HW reef), and infill hole MRCEX00020, with 2.88m @ 5.88 g/t
Au. The Maricota zone remains open at depth and along strike to the north.
NEWS RELEASE
PAN AMERICAN SILVER CORP. 1
• Infill drill results at Serra do Córrego confirm higher grades characteristic of this sector. Highlights include
drill hole SCOEX00017 with 11.59m @ 3.37 g/t Au (including 4.17m @ 4.90 g/t Au and 2.83m @ 4.17 g/t
Au), and 14.00m @ 5.55 g/t Au (including 3.30m @ 15.92 g/t Au and 2.47m @ 6.07 g/t Au).
El Peñon, Chile:
El Peñon is a high-grade low-sulphidation epithermal vein Au-Ag deposit, located at an average elevation of 1,800
m above sea level within the Paleocene mineral belt of northern Chile. The deposit consists of a series of steeply to
moderately dipping, north-south striking quartz veins, which extend within a 14 kilometre long northeast trending
corridor. The 122,000 ha property hosts several satellite deposits and targets, which are actively being explored.
• Recent drilling totaled 44,645m (20,538 m infill drilling and 24,107m exploration) with up to 14 drill rigs.
Infill drilling focused on conversion of inferred to indicated mineral resources in several main structures (El
Valle, Pampa Campamento and Martillo Flats SSE veins) and at the Chiquilla Chica and Tostado Sur zones,
located 20 kilometres and eight kilometres southwest of the core mine area, respectively.
• Continued positive infill and exploration drilling at the central El Valle vein and northern extension of the
Pampa Campamento vein. Highlights at Pampa Campamento include UIP0163, with 0.95m @ 11.0 g /t Au
and 258 g/t Ag and 1.80m @ 12.2 g/t Au and 182 g/t Ag, and UIP0155, with 0.72m @ 21.5 g/t Au and 748
g/t Ag and UEP0060 returned 0.76m @ 7.6 g/t Au and 207 g/t Ag. Infill drilling at El Valle confirms high
grade structures with SIV0007 returning 1.33m @ 13.1 g/t Au and 403 g/t Ag, and 0.61m @ 28.5 g/t Au
and 204 g/t Ag, UIV0076 with 1.67m @ 11.7 g/t Au and 449 g/t Ag and hole SEV0009 intersected 1.11m @
12.0 g/t Au and 356 g/t Ag.
• Initial exploration drilling at the newly discovered Pampa Sur vein, south of the core mine area, returned
positive results in hole SEP0050, with 0.80m @ 15.6 g/t Au and 94 g/t Ag, and hole SEP0032 with 1.22m @
22.2 g/t Au and 1,005 g/t Ag. Pampa Sur represents an excellent opportunity to add new mineral
resources close to existing mine infrastructure.
• High-grade silver results have been confirmed in infill drilling at Tostado Sur zone with 1.03m @ 7,574 g/t
Ag and 0.1 g/t Au (drill hole SIH0015), 1.02m @ 3,802 g/t Ag (SIH0014) and 7.50m @ 1,217 g/t Ag and 0.1
g/t Au (SIH0016).
La Colorada mine, Mexico:
The La Colorada mine is a silver-rich polymetallic vein mine located in the state of Zacatecas, Mexico. The deposit
is an intermediate sulphidation epithermal vein system, with associated splays. Individual veins are typically one to
two metres wide with strike lengths of between 900 metres and 1.5 kilometres.
• A total of 75 holes for 15,705m of infill drilling was completed, focusing on the vein targets (NC2, Mariana,
Intermedia, Veta 3, SE system, and Liz) from both surface and underground. 15 surface exploration holes
successfully extended the NC2 vein to the east and intercepted two new structures (Mariana and
Intermedia).
• Results from drilling on the east extension of the NC2 vein returned high-grade silver intercepts. Drill
highlights include: S-108-23 with 1.42m @ 1,131 g/t Ag, 3.05% Pb, 5.50% Zn (NC2 vein) and 0.85m @ 760
g/t Ag, 0.48% Pb, 0.86% Zn (Mariana vein) and S-27-24, with 1.04m @ 5,991 g/t Ag, 4.06% Pb, 8.74% Zn
(NC2 vein), 0.59m @ 2,291 g/t Ag, 3.27% Pb, 6.08% Zn (Intermedia East vein) and 2.51m @ 426 g/t Ag,
1.22% Pb, 3.63% Zn (Mariana vein).
• S-05-24 drill hole, planned as part of the La Colorada Skarn infill program, intercepted several structures in
the San Geronimo vein system south of the NC2 Vein. Drill hole S-05-24 intersected a new vein with 1.41m
@ 825 g/t Ag, 4.48% Pb, 9.26% Zn, a splay vein with 1.95m @ 1,755 g/t Ag, 2.69% Pb, 5.78% Zn and a
second structure with 2.16m @ 1,190 g/t Ag, 1.19% Pb, 2.22% Zn. This drill hole confirms additional
structures at the San Geronimo vein system in addition to the three already known veins covering an area
of 400m along strike and 600m vertical.
NEWS RELEASE
PAN AMERICAN SILVER CORP. 2
• A new vein system parallel to the NC2 vein was discovered in the SE area of the mine based on the drilling
of S-20-24 and S-71-24. S-20-24 intersected the Cristina vein with 5.67m @ 614 g/t Ag, 2.10% Pb and
5.95% Zn and new splay veins with 0.36m @ 2,336 g/t Ag, 2.24% Pb, 4.52% Zn, 1.12m @ 1,212 g/t Ag,
2.32% Pb, 2.59% Zn and 0.65m @ 1,551 g/t Ag, 5.28% Pb and 7.93% Zn. S-71-24 intersected the Cristina
vein with 1.89m @ 3,342 g/t Ag, 0.96 g/t Au, 4.62% Pb and 4.67% Zn and a second vein with 29.51m @
128 g/t Ag, 0.85 g/t Au, 2.28% Pb and 5.80% Zn.
Huaron mine, Peru:
The Huaron mine, situated in the western cordillera of the Andes within the Cerro de Pasco Department of central
Peru, is a polymetallic deposit featuring zinc, lead, silver, and copper. The deposit is defined by hydrothermal veins
and replacement bodies hosted in folded and faulted sedimentary rocks.
• A total of 78 holes for 18,419m were drilled, focused on brownfield extensions to define new inferred
mineral resources along principal structures in the mid and lower portion of the mine area as well as the
Horizonte zone. The Horizonte zone is an emerging multiple vein system southwest of the core mine area.
Development along these veins continues to define mineral resources in this area.
• High-grade mineralization on the Patrick vein was extended by 200m and remains open at depth. Results
include DDH-U-041-24 with 1.66m @ 819 g/t Ag, 11.53% Pb and 14.48% Zn and hole DDH-U-047-24 with
5.46m @ 331 g/t Ag, 1.32% Pb and 3.58% Zn.
• The east extension on the Cometa Ramal vein was confirmed with DDH-U-049-24 with 2.32m @ 627 g/t
Ag, 3.36% Pb and 17.77% Zn, hole DDH-U-018-24 with 4.0 m @ 333 g/t Ag, 5.50% Pb and 20.44% Zn and
DDH-U-085-23 with 1.50m @ 528 g/t Ag, 4.01% Pb and 7.47% Zn.
• Drilling on the Labor Este vein confirmed a 300 metre extension along strike and 100 metres down dip.
New results include hole DDH-U-027-24 with 1.68m @ 332 g/t Ag, 6.77% Pb and 6.78% Zn.
DRILL RESULT HIGHLIGHT TABLES
Jacobina, Brazil
The following table provides infill and exploration drill result highlights for the Jacobina mine. Full infill and
exploration drill results not included in this table, together with cross sections and plans, are available at https://
panamericansilver.com/operations/exploration/.
JBS00054 João Belo Sul 247.08 251.50 4.42 2.65 2 .61
JBS00054 João Belo Sul 258.00 265.00 7.00 4.20 2.28
JBS00056 João Belo Sul 440.32 447.00 6.68 5.95 2.24
JBS00056 João Belo Sul Incl 440.32 444.00 3.68 3.28 3.45
JBS00062 João Belo Sul 190.00 196.84 6.84 6.42 2.37
JBS00062 João Belo Sul Incl 190.00 192.90 2.90 2.72 3.90
JBS00062 João Belo Sul 331.00 337.50 6.50 6.23 2.77
JBS00062 João Belo Sul Incl 334.50 337.50 3.00 2.87 4.12
JBS00082 João Belo Sul 429.89 433.94 4.05 3.20 6.58
JBEX00118 João Belo Norte 442.50 446.21 3.71 2.07 2.58
JBEX00121 João Belo Norte 55.50 60.00 4.50 3.34 2.14
MRCEX00012 Maricota 772.00 777.88 5.88 5.78 2.52
MRCEX00012 Maricota Incl 774.00 777.04 3.04 2.98 3.07
MRCEX00012 Maricota 777.88 780.63 2.75 2.70 4.18
MRCEX00016 Maricota 72.50 75.50 3.00 2.56 4.04
Hole No. Sector Incl. From (m) To (m) Interval (m) Est. True Width
(m) Au g/t
NEWS RELEASE
PAN AMERICAN SILVER CORP. 3
MRCEX00016 Maricota 411.72 413.00 1.28 1.19 56.48
MRCEX00018 Maricota 229.00 230.50 1.50 1.37 7.86
MRCEX00019 Maricota 421.74 430.50 8.76 8.45 2.22
MRCEX00019 Maricota Incl 421.74 426.76 5.02 4.84 3.05
MRCEX00020 Maricota 279.96 283.50 3.54 2.88 5.88
MRCEX00023 Maricota 496.00 504.00 8.00 4.39 2.21
SCOEX00017 Serra do
Córrego Norte 325.80 341.00 15.20 11.59 3.37
SCOEX00017 Serra do
Córrego Norte Incl 325.80 331.26 5.46 4.17 4.90
SCOEX00017 Serra do
Córrego Norte Incl 333.13 336.85 3.72 2.83 4.17
SCOEX00017 Serra do
Córrego Norte 345.00 362.00 17.00 14.00 5.55
SCOEX00017 Serra do
Córrego Norte Incl 345.50 349.50 4.00 3.30 15.92
SCOEX00017 Serra do
Córrego Norte Incl 356.50 359.50 3.00 2.47 6.07
SCOEX00018 Serra do
Córrego Norte 418.00 421.50 3.50 1.96 11.28
MVTEX00191 Morro do
Vento Norte 282.00 293.00 11.00 8.14 4.31
MVTEX00191 Morro do
Vento Norte Incl 282.00 285.00 3.00 2.22 6.38
MVTEX00195 Morro do
Vento Norte 63.97 67.50 3.53 3.29 15.40
MVTEX00195 Morro do
Vento Norte 168.61 175.00 6.39 6.11 2.48
MVTEX00195 Morro do
Vento Norte Incl 168.61 170.81 2.20 2.10 3.77
MVTEX00193 Morro do
Vento Sul 167.00 173.93 6.93 6.76 3.91
MVTEX00193 Morro do
Vento Sul 182.80 185.34 2.54 2.48 4.53
MVTEX00198 Morro do
Vento Sul 215.40 224.50 9.10 7.02 2.35
MVTEX00198 Morro do
Vento Sul Incl 216.50 219.92 3.42 2.64 4.24
MVTEX00198 Morro do
Vento Sul 240.00 243.00 3.00 2.34 3.31
MVTEX00209 Morro do
Vento Sul 176.00 187.08 11.08 8.19 3.12
MVTEX00209 Morro do
Vento Sul Incl 176.00 180.00 4.00 2.95 4.03
MVTEX00209 Morro do
Vento Sul Incl 183.84 187.08 3.24 2.39 5.11
CANEX00145 Canavieiras
Central 122.00 131.00 9.00 6.67 6.78
CANEX00147A Canavieiras
Central 115.50 117.00 1.50 1.22 8.93
Hole No. Sector Incl. From (m) To (m) Interval (m) Est. True Width
(m) Au g/t
NEWS RELEASE
PAN AMERICAN SILVER CORP. 4
El Peñon, Chile
The following table provides infill and exploration drill result highlights for the El Peñon mine. Full infill and
exploration drill results not included in this table, together with longitudinal sections and plans, are available at
https://panamericansilver.com/operations/exploration/.
SEX0022 Bermuda 461.00 463.00 2.00 1.02 6.50 137
SIH0001 Chiquilla Chica 238.05 239.00 0.95 0.65 1.40 751
SIH0002 Chiquilla Chica (-30) 157.00 162.00 5.00 3.19 0.20 415
SIH0002 Chiquilla Chica 247.55 248.75 1.20 0.80 0.20 487
SIH0003 Chiquilla Chica 226.38 228.09 1.71 1.49 0.60 688
SIH0004 Chiquilla Chica 226.35 228.75 2.40 1.36 0.20 477
UEV0036 El Valle 246.85 248.70 1.85 1.24 5.40 236
SIV0002 El Valle 285.00 286.60 1.60 1.35 9.60 120
SIV0005 El Valle 327.30 329.80 2.50 1.43 7.10 185
UIV0061 El Valle 196.00 198.00 2.00 1.63 9.50 473
UIV0063 El Valle 193.00 194.45 1.45 0.86 11.40 391
SIV0006 El Valle 410.00 413.00 3.00 0.90 9.10 525
SEV0009 El Valle 282.00 283.39 1.39 1.11 12.00 356
SIV0007 El Valle (-20) 228.37 229.20 0.83 0.61 28.50 204
SIV0007 El Valle 273.60 275.40 1.80 1.33 13.10 403
SIV0003 El Valle 243.60 244.40 0.80 0.57 9.60 90
UIV0066 El Valle 225.45 227.92 2.47 1.28 4.70 288
UIV0065 El Valle 163.65 165.50 1.85 1.14 6.00 241
UIV0069 El Valle 169.09 169.76 0.67 0.78 7.10 129
UIV0076 El Valle 208.00 210.50 2.50 1.67 11.70 449
UIV0067 El Valle (-9) 169.50 172.00 2.50 1.52 8.2 107
UIV0058 El Valle FW 254.00 256.35 2.35 1.01 3.6 174
SIM0022 Martillo Flat SSE 202.55 203.70 1.15 0.63 68.2 880
SIM0025 Martillo Flat SSE 241.70 242.40 0.70 0.47 12.0 485
UIP0153 Pampa Campamento 252.50 254.00 1.50 1.16 5.0 144
UIP0155 Pampa Campamento 127.40 128.70 1.30 0.72 21.5 748
UEP0060 Pampa Campamento 242.58 243.55 0.97 0.76 7.6 207
UEP0061 Pampa Campamento 340.60 341.13 0.53 0.45 12.5 287
UIP0158 Pampa Campamento 236.60 237.39 0.79 0.68 26.8 62
UIP0163 Pampa Campamento 268.40 269.75 1.35 0.95 11.0 258
UIP0163 Pampa Campamento (+8) 282.05 284.07 2.02 1.80 12.2 182
UIP0164 Pampa Campamento (-4) 263.80 264.45 0.65 0.60 8.4 133
UIP0164 Pampa Campamento 267.12 268.20 1.08 0.86 11.5 202
UIP0164 Pampa Campamento (+2) 269.50 270.50 1.00 0.80 6.9 163
SEP0050 Pampa Sur 405.92 406.96 1.04 0.80 15.6 94
SEP0032 Pampa Sur (+4) 429.60 430.13 0.53 0.48 9.1 385
SEP0032 Pampa Sur 436.18 437.60 1.42 1.22 22.2 1005
SEP0035 Pampa Sur 365.00 366.00 1.00 0.62 10.9 266
SEP0037 Pampa Sur 467.40 468.50 1.10 0.88 13.2 781
Hole Vein From (m) To (m) Interval (m) Est. True
Width (m) Au (g/t) Ag (g/t)
NEWS RELEASE
PAN AMERICAN SILVER CORP. 5
SEP0057 Pampa Sur 333.30 334.40 1.10 0.70 6.6 442
SIP0050 Pampa Sur 439.45 440.45 1.00 0.62 4.6 261
SIS0017 Sorpresa Sur 467.70 469.10 1.40 0.80 11.5 853
SIH0014 Tostado Sur 7.75 8.75 1.00 0.96 0.0 3530
SIH0014 Tostado Sur 9.80 10.90 1.10 1.02 0.0 3802
SIH0014 Tostado Sur 14.00 14.70 0.70 0.62 0.1 2347
SIH0015 Tostado Sur 7.90 9.05 1.15 1.03 0.1 7574
SIH0016 Tostado Sur 0.80 10.85 10.05 7.50 0.1 1217
Hole Vein From (m) To (m) Interval (m) Est. True
Width (m) Au (g/t) Ag (g/t)
La Colorada, Mexico
The following table provides the drill result highlights for the La Colorada mine. Full drill results not included in this
table, together with cross sections and plans, are available at https://panamericansilver.com/operations/
exploration/.
S-108-23 Mariana 502.55 503.85 1.30 0.85 760 0.08 0.48 0.86
And NC2 624.90 628.50 3.60 1.42 1131 0.95 3.05 5.50
S-119-23 Mariana 592.60 594.15 1.55 0.89 499 0.13 0.16 0.42
And Intermedia
Este 604.25 607.00 2.75 1.17 78 0.08 0.38 1.50
And NC2 659.65 660.00 0.35 0.14 247 0.19 0.66 2.51
S-125-23 Mariana 525.80 527.85 2.05 1.31 689 0.07 0.35 1.45
S-131-23 Mariana 510.80 513.35 2.55 1.69 551 0.11 0.60 0.80
And NC2 578.90 580.50 1.60 0.61 103 0.14 0.24 0.73
S-134-23 NC2 758.80 760.05 1.25 0.75 214 0.14 3.71 10.98
S-139-23 Mariana 522.70 523.40 0.70 0.45 2639 0.27 1.86 4.56
And NC2 600.85 602.10 1.25 0.36 647 0.33 1.23 4.68
S-27-24 Mariana 620.30 623.65 3.35 2.51 426 0.14 1.22 3.63
And Intermedia
Este 627.00 627.95 0.95 0.59 2291 0.40 3.27 6.08
And NC2 669.35 671.55 2.20 1.04 5991 1.79 4.06 8.74
S-39-24 Mariana 648.95 650.35 1.40 1.02 499 0.14 0.55 1.38
And Intermedia
Este 697.40 698.95 1.55 0.92 912 0.73 2.70 7.98
And NC2 721.30 723.75 2.45 1.22 136 0.10 1.00 1.54
S-51-24 Mariana 581.25 581.70 0.45 0.36 1901 0.07 1.09 3.35
And
Intermedia
Este 598.50 599.20 0.70 0.61 2776 0.27 1.52 0.90
And NC2 648.30 648.80 0.50 0.41 909 1.00 1.68 7.56
S-97-23 NC2 630.70 631.70 1.00 0.84 205 0.07 0.32 0.63
S-20-24
Cristina
Vein System 494.45 497.10 2.65 1.64 950 0.38 2.12 3.48
And
Cristina
Vein System 523.30 525.15 1.85 1.12 1212 0.11 2.32 2.59
And
Cristina
Vein System 532.20 532.65 0.45 0.36 2336 0.37 2.24 4.52
Hole No. Vein From (m) To (m) Interval (m) Est. True
Width (m) Ag g/t Au (g/t) Pb % Zn %
NEWS RELEASE
PAN AMERICAN SILVER CORP. 6
And
Cristina
Vein System 553.55 555.20 1.65 0.65 1551 0.44 5.28 7.93
And
Cristina
Vein System 567.45 576.60 9.15 5.67 614 0.30 2.10 5.95
S-05-24
San
Geronimo
Vein System 494.40 495.65 1.25 0.77 951 0.30 0.65 1.67
And
San
Geronimo
Vein System 570.20 571.70 1.50 1.41 825 2.67 4.48 9.26
And
San
Geronimo
Vein System 574.10 576.40 2.30 1.95 1755 1.11 2.69 5.78
And
San
Geronimo
Vein System 637.40 640.35 2.95 2.16 1190 0.66 1.19 2.22
And
San
Geronimo
Vein System 738.45 739.55 1.10 0.84 317 0.16 3.77 3.64
And
San
Geronimo
Vein System 941.90 943.20 1.30 0.44 284 0.14 7.17 7.55
S-71-24
Cristina
Vein System 367.45 370.15 2.70 1.89 3342 0.96 4.62 4.67
And
Cristina
Vein System 373.45 375.05 1.60 1.12 161 0.27 2.67 3.42
And
Cristina
Vein System 386.10 386.35 0.25 0.18 196 0.10 0.82 0.52
And
San
Geronimo
Vein System 422.80 423.00 0.20 0.14 172 0.08 0.28 1.21
And
San
Geronimo
Vein System 460.50 460.85 0.35 0.25 254 0.18 0.47 1.55
And
San
Geronimo
Vein System 508.40 509.15 0.75 0.53 471 0.68 0.67 2.14
And
San
Geronimo
Vein System 528.15 528.65 0.50 0.35 70 0.29 5.30 10.41
And
San
Geronimo
Vein System 552.40 554.30 1.90 1.33 149 0.22 2.53 2.27
And
San
Geronimo
Vein System 584.60 626.76 42.15 29.51 128 0.85 2.28 5.80
Hole No. Vein From (m) To (m) Interval (m) Est. True
Width (m) Ag g/t Au (g/t) Pb % Zn %
Huaron, Peru
The following table provides infill and exploration drill result highlights from the medium, lower and Horizonte
sectors of the Huaron mine. Full drill and channel sampling results not included in this table, together with cross
sections and plans, are available at https://panamericansilver.com/operations/exploration/.
DDH-
U-007-24
Cometa
Ramal Horizonte 357.15 358.40 1.25 0.99 289 0.13 4.74 5.82
Hole No Vein Zone From (m) To (m) Interval
(m)
Est. True
Width (m) Ag g/t Cu% Pb% Zn%
NEWS RELEASE
PAN AMERICAN SILVER CORP. 7
DDH-
U-018-24
Cometa
Ramal Horizonte 431.55 440.20 8.65 4.00 333 0.49 5.50 20.44
DDH-
U-026-24
Cometa
Ramal Horizonte 362.30 363.65 0.70 0.97 33 0.02 0.33 0.33
DDH-
U-037-24
Cometa
Ramal Horizonte 370.95 373.05 2.10 1.52 81 0.10 1.31 2.21
DDH-
U-043-24
Cometa
Ramal Horizonte 406.65 408.90 2.25 1.50 250 0.22 3.67 6.43
DDH-
U-049-24
Cometa
Ramal Horizonte 435.45 438.85 3.40 2.32 627 0.79 3.36 17.77
DDH-
U-052-24
Cometa
Ramal Horizonte 301.40 302.25 0.85 0.70 28 0.02 0.28 0.54
DDH-
U-057-24
Cometa
Ramal Horizonte 385.70 387.95 2.05 1.50 282 0.40 3.20 8.84
DDH-
U-085-23
Cometa
Ramal Horizonte 430.70 435.35 4.65 1.50 528 0.33 4.01 7.47
DDH-
U-091-23
Cometa
Ramal Horizonte 346.55 348.70 2.15 1.64 272 0.08 3.32 2.00
DDH-
U-096-23
Cometa
Ramal Horizonte 397.00 402.05 5.05 3.64 85 0.05 1.43 3.51
DDH-
U-047-24 Patrick Middle 188.50 196.80 8.30 5.46 331 0.20 1.32 3.58
DDH-
U-035-24 Patrick Middle 136.80 142.80 6.00 5.92 234 0.13 1.04 4.12
DDH-
U-041-24 Patrick Middle 140.70 142.45 1.75 1.66 819 0.35 11.53 14.48
DDH-
U-039-24 Patrick Middle 180.30 182.05 1.75 1.71 337 0.23 1.50 2.10
DDH-
U-045-24 Patrick Middle 157.85 161.35 3.50 3.06 179 0.08 3.39 5.37
DDH-
U-055-24 Patrick Middle 140.70 143.30 2.60 2.52 107 0.03 1.84 5.49
DDH-
U-051-24 Patrick Middle 184.70 186.70 2.00 1.55 156 0.03 1.20 3.06
DDH-
U-033-24 Labor Este Horizonte 158.40 162.60 4.20 3.87 147 0.03 3.19 3.86
DDH-
U-027-24 Labor Este Horizonte 227.10 229.35 2.25 1.68 332 0.03 6.77 6.78
DDH-
U-036-24 Labor Este Horizonte 216.15 220.05 3.90 2.65 126 0.03 1.66 1.12
DDH-
U-048-24 Labor Este Horizonte 190.90 192.90 2.00 0.96 266 0.08 5.47 14.94
Hole No Vein Zone From (m) To (m) Interval
(m)
Est. True
Width (m) Ag g/t Cu% Pb% Zn%
NEWS RELEASE
PAN AMERICAN SILVER CORP. 8