Pan American Energy has recently implemented a Master Services Agreement with RESPEC Consulting, a company known for engineering, data, geoscience, and integrated technology solutions for the industry.
We are pleased to be moving ahead with RESPEC as our strategic partner for the Green Energy Lithium Project. We believe RESPEC’s multi-disciplinary team of geologists, geophysicists, and engineers, and their direct experience in the Paradox Basin, will be of tremendous assistance in our planned execution of a successful, safe, and timely well re-entry. This is the first stage in our exploration efforts as we strive towards our goal of establishing a mineral resource estimate at the Project.
Jason Latkowcer, Chief Executive Officer, Pan American Energy
“Our team in Grand Junction Colorado, just next door to this very active mining district, is well positioned and experienced to help advance the Green Energy Lithium Project. We have been working in this area for a few decades and understand the complexities of not only the geology and mining of commodities in the Paradox basin but also the importance of relationship building with the local community and stakeholders. We are looking forward to helping to advance this Project,” said Tabetha Stirrett, the VP of Mining at RESPEC.
Pan American currently owns 208 placer mining claims on adjoining US Bureau of Land Management (BLM) managed lands comprising a maximum of 4,160 acres. The Pan American holdings are next to Anson Resources (“Anson”) lithium claims that are presently being explored and developed, with a current JORC-compliant Resource of 186 thousand tons (kt) of Lithium Carbonate Equivalent (LCE).
Pan American is keen to explore the Project for brines that may comprise striking concentrations of lithium or other important minerals that can be extracted. Pan American has earlier published an NI 43-101 Technical Report on the Project, having an operative date of March 24, 2022.
Pan American will work concurrently with RESPEC to promote the Project by evaluating presently available data and developing a good re-entry plan. The project team at RESPEC is familiar with the geology of the Paradox Basin, having conducted numerous geologic modeling efforts, desktop appraisals, and exploration programs within the basin.
The presently amassed information on the Project, and other available data, are anticipated to form the foundation for the development of an exploration plan intended to determine a mineral resource estimate at the Project.
RESPEC has prepared a short Scope of Work for the Project. The preliminary tasks in Phase I are listed below:
Phase I Pre-Exploration
- Task 1: Reviewing of data and reports
- Task 2: Inspection of site
- Task 3: Preparation of drilling plan and permits
- Task 4: Preparation of Vendor Packages
- Task 5: Selection and Contracting of vendor
- Task 6: Pre-exploration scheduling and contractors