Work Commences On The Inaugural Mineral Resource Estimate At Horizon Lithium Project

CALGARY - Pan American Energy Corp. has commenced work on its inaugural mineral resource estimate (MRE) at its Horizon Lithium Project in the Big Smoky Valley, Esmeralda County, Nevada.

“The undertaking of work on a mineral resource estimate for Horizon underscores the substantial strides made by Pan American in the development of our lithium asset in Nevada,” said Chief Executive Officer, Jason Latkowcer. “In less than a year, we were able to complete an extensive exploratory drill program and will soon be announcing a mineral resource estimate. This jurisdiction is world renowned as having some of the largest claystone lithium projects in the United States. RESPEC is well versed in modelling this type of mineralization, having recently completed an S-K 1300 report for American Battery Technology, our adjacent neighbour to the North, and we are confident in the quality and accuracy of their work. Our team believes that Horizon has the potential to further expand on the total resource base in the Big Smoky Valley and are eagerly looking forward to the release of the mineral resource estimate for Horizon.”

Project tasks include database audit and quality assurance and quality control, mineral domain modeling for lithium, grade estimation, resource classification and reporting, open pit optimizations for resource constraints and the preparation of a NI 43-101 technical report for the Project. The mineral resource estimate and accompanying tables are expected to be delivered no later than the end of October 2023 with the technical report following within 45 days after the release of the MRE in accordance with applicable securities law requirements.