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Pan American Energy Issues Notice of Intent

Pan American Energy Corp. has announced that it has submitted a Notice of Interest (NOI) to the Bureau of Land Management (BLM) in Tonopah Field Office to conduct exploration drilling at its 17,334-acre Horizon Lithium Project.

Drill Hole Locations. Image Credit: Pan American Energy Corp.

The company suggests drilling 19 core holes for lithium prospecting along with related access on federal land managed by the BLM’s Tonopah Field Office, about 7.4 miles west of Tonopah in Esmeralda County, Nevada.

After completing the desktop study and analysis of surrounding operators’ drilling techniques, spacing, depths, and strategies, RESPEC, a global engineering and design company, has recommended a phase one drill program that offers robust property coverage, at depth.

Jason Latkowcer, Chief Executive Officer and Director, Pan American Energy Corp.

Latkowcer added, “We believe the proposed drilling program submitted to the BLM gives us the best chance of success in identifying and better understanding the potential anomalous lithium-bearing claystone mineralization across the property. We are fortunate to be able to learn from our peers and apply those learnings to our exploration strategy.

Adjacent property drilling has showcased very shallow overburden with anomalous high lithium concentration at greater depths. Our program has been designed to drill up to 1000 ft depth. Using in-field modern analysis tools for lithium monitoring from drill cores, we will be able to make decisions quickly to maximize the ROI on our program,” he further stated.

For the 8,932 feet of access that is overland, there will be an estimated 3.51 acres of surface disturbance. Nineteen core hole sites, every 60 feet × 40 feet, will have a 10-foot square by the 4-foot-deep slump.

The purpose of this Horizon Lithium Project (Phase 1) Exploration Project notice of intent to conduct exploration is to further quantify the existence of a valuable lithium deposit within the prospect area. It is being submitted by Pan American Energy following all applicable BLM and Nevada Division of Minerals (Division) regulations.

Drilling, coring, core analysis, and plugging are among the tasks that should be finished within three months. Incidental surface reclamation will start as soon as the weather permits after the core hole plugging.

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