Pan American Energy Files NI 43-101 Technical Report
Pan American Energy Corp (CSE:PNRG) has filed a technical report entitled “NI 43-101 Technical Report for the Horizon Lithium Project,” showcasing one of the largest lithium deposits in the U.S. This report highlights a significant lithium carbonate equivalent resource estimate.
Horizon Lithium Project Significant Findings
The report includes a mineral resource estimate (MRE) with 1,325 KT of indicated lithium carbonate equivalent and 8,879 KT of inferred resources at an average grade of 678 ppm lithium. The estimation is based on a comprehensive exploration of the Project including 20 strategic drill holes completed in 2023.
Rapid Advancement and Expansion Potential
Pan American has made rapid progress, completing exploration within a year of acquiring project rights. The technical authors suggest substantial potential for expansion. Drilling targets to the northwest, south, east, and west, as well as at greater depths, are being actively evaluated.
Next Steps Towards Economic Assessment
The company plans to complete preliminary economic assessment (PEA) by Q4-2024, following further exploration and metallurgical testing recommendations. The site benefits from proximity to vital infrastructure for potential development efficiencies.
MRE Preparation and Classification
Responsible industry practices have guided the resource estimate, aligned with 43-101 standards. Plans for detailed economic evaluation are in place as the mineral resource base provides potential for mining prospects in the region.
About Pan American Energy Corp
Pan American Energy Corp is dedicated to the exploration and development of battery metal properties across North America. With projects like the Big Mack Lithium, the company is at the forefront of mining innovation and development. Contact them at their provided communication channels for more details.
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