VANCOUVER, British Columbia--(BUSINESS WIRE)-- Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") releases results from the ongoing infill and geotechnical drill program at its La Colorada Skarn project in Zacatecas, Mexico (the "La Colorada Skarn"). Eight new drill holes totaling 8,101 metres returned additional wide intercepts from the 902 mineralized zone of the western part of the La Colorada Skarn. Drill hole U-121-22 returned the highest-grade interval to date with 22.50 metres at 1,435 g/t Ag, 31.93% Pb and 20.49% Zn.

La Colorada Skarn Plan View (Graphic: Business Wire)
La Colorada Skarn Plan View (Graphic: Business Wire)

“The 902 zone at the La Colorada Skarn continues to return long intercepts in multiple drill holes, with the most recent drill holes returning some of the highest grade intercepts since we discovered the La Colorada Skarn in 2018. Hole U-121-22 contains the highest silver grade intercept in the Skarn, to date, of 22 metres averaging 1,435 g/t Ag, 31.9% Pb and 20.5% Zn within a broader interval of 78 metres of 568 g/t Ag, 12.5% Pb and 9.6% Zn," said Christopher Emerson, Pan American’s Vice President of Exploration and Geology. "Exploration drilling continues to define the La Colorada Skarn mineral resource, and we look forward to presenting an updated mineral resource estimate in August 2024.”

Drill highlights include:

U-121-22: 26.85 m at 127 g/t Ag, 7.19% Pb and 11.12% Zn and 77.85 m at 568 g/t Ag, 12.45% Pb and 9.59% Zn, including 22.50 m at 1,435 g/t Ag, 31.93% Pb and 20.49% Zn
U-91-23: 372.10 m at 77 g/t Ag, 3.91% Pb and 5.79% Zn, including 83.85 m at 172 g/t Ag, 8.48% Pb and 10.49% Zn and including 26.90 m at 127 g/t Ag, 7.02% Pb and 11.69% Zn
U-03-24: 68.00 m at 80 g/t Ag, 3.98% Pb and 6.98% Zn, including 29.00 m at 136 g/t Ag, 7.45% Pb and 12.82% Zn
U-121-23: 91.20 m at 31 g/t Ag, 2.61% Pb and 4.98% Zn
U-137-23: 87.25 m at 32 g/t Ag, 1.41% Pb and 3.90% Zn and 134.55 m at 29 g/t Ag, 0.14% Pb and 6.58% Zn
U-148-22: 23.15 m at 57 g/t Ag, 3.32% Pb and 5.59% Zn
La Colorada Skarn - summary of drill results

The following table provides the drill results for the La Colorada Skarn deposit included in this news release.

Previous drill results that are not included in this table as well as cross sections, plans and images of the La Colorada Skarn mineralized core are available on our website at: https://panamericansilver.com/operations/silver-segment/la-colorada-skarn/