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Wednesday, May 31, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Alternative Energy

Pan American Energy hires geological services company for lithium exploration campaign

The Big Mack Project is scheduled to begin work with a program that involves systematic geochemical sampling across the entire property

Pan American Energy engages Axiom Exploration for 2023 lithium exploration campaign
Core drilling at Horizon. Image via Pan American Energy Corp.

Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6) commissioned Axiom Exploration Group to perform the geochemical and technical preparations for its 2023 exploration campaign on the Big Mack Lithium Project in Ontario.

On Tuesday, Pan American started final preparations for its comprehensive surface geochemical sampling at the Big Mack Lithium Project, with the intent being to further design drill targets and test pegmatite occurrences that haven’t been inspected historically for lithium.

Axiom has a diverse team of geoscientists with experience gained in Canada and multiple countries. The company provides geological services and is employee-owned. Axiom’s Exploration division manages numerous on-going lithium projects across Eastern Canada and has multi-jurisdictional experience.

The staff specializes in the field of rare-element pegmatite exploration and is equipped with the latest industry knowledge and tools to provide reliable and accurate data. Axiom’s expertise ranges from the initial design, operation, and management of grass-roots exploration programs to the optimization of advanced projects.

The Big Mack Project is scheduled to begin work in late May, with a program that involves systematic geochemical sampling across the entire property. The aim is to define areas on the surface that host mineralization and sample known pegmatites for lithium, which have not been tested historically.

The company intends to use recently completed high-resolution UAV Magnetic data to delineate targets. This program will precede a drilling campaign that is planned to commence later in the summer.

Big Mack lithium project overview. Image via Pan American.

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Diamond drilling will expand Big Mack pegmatite and along strike

A detailed exploration plan has been developed for the Big Mack property, which involves collaboration with Avalon Advanced Minerals Inc. (TSX: AVL) and the University of Manitoba. The plan includes completion of a UAV magnetics survey over the entire property, as well as geophysical and subsurface 3D modelling.

These activities will help to identify potential lithium and other rare-metal mineralization associated with the pegmatites, and will inform subsequent prospecting and sampling efforts.

In addition, diamond drilling will be carried out to further expand the Big Mack pegmatite along strike and depth, and to test the potential along the extension between the Eleven Zone and Sprinkler Zone / 6059 LCT-pegmatites. The goal is to gain a comprehensive understanding of the mineral potential of the Big Mack property, and to inform future development and exploration efforts.

“By combining our expertise with that of Axiom’s, we hope to unlock the full potential of the Big Mack Lithium Project’s 2023 exploration program and make significant strides in our goal of defining a resource on the property,” said Jason Latkowcer, Pan American’s CEO.

“Axiom have extensive experience in lithium-cesium-tantalum (LCT) pegmatite exploration and a deep roster of human capital, including geological and geophysical experts, available in-house.”

The Big Mack Lithium Project is situated 80 kilometers north of Kenora, Ontario, and is located two kilometers east of the all-weather Snook Lake Road. The property is within an Ontario registered mining lease and has over 30 years of exploration history.

Furthermore, it is proximal to Avalon Advanced Material’s Separation Rapids, Big Whopper deposit, which hosts a measured and indicated tonnage-grade of 8.12 million tonnes at 1.37 per cent Li2O.

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Big Mack Lithium features four lithium bearing pegmatites

Pan American Energy Corp. is a mining exploration company operating in North America. The company’s primary focus is on expanding the boundaries of the lithium supply chain through the acquisition, exploration, and development of mineral properties.

The Wabaseemoong Independent Nations (WIN) of Whitedog, Ontario, an Indigenous community, hold traditional land use rights in the area. The Big Mack Lithium Project is located approximately 35 kilometers southwest of the community’s territory, with the property lying within their traditional lands. These considerations provide a broader context for the location and status of the project, emphasizing its potential importance and significance to a range of stakeholders.

The Big Mack Lithium Project features four known Li-bearing pegmatites, including the Big Mack pegmatite, Eleven Zone, Sprinkler Zone, and 6095 pegmatite, which are believed to be related to the Separation Rapids Pluton.

These pegmatites are interpreted as zoned Complex Type, Petalite Subtype LCT Pegmatites. The Big Mack pegmatite, in particular, is the largest petalite-bearing mass on the property and is exposed over an area measuring 80 meters by 225 meters.

Historical drilling campaigns conducted in 1998, 1999, and 2001 intersected mineralization extending along a strike length of approximately 150 meters and to a depth of 75 meters. The deposit remains open both at depth and along strike, indicating the potential for further expansion and exploration.

This information provides important context for the potential mineralization and resources present on the property, highlighting the opportunities and challenges involved in further exploration and development efforts.

Pan American Energy shares dipped 3.2 per cent on Wednesday to trade at $0.61 on the Canadian Securities Exchange.


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