Pan American Energy Mobilizes Diamond Core Drilling Rig for the Phase 1 Drill Program at the Horizon Lithium Project

Drilling at the Project is scheduled to begin on February 11th, 2023


CALGARY, Alberta, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (the “Company” or “Pan American”) (CSE: PNRG) (OTC PINK: PAANF) (FRA: SS6) is pleased to announce the Company has mobilized a core drilling rig for the Phase 1 exploration drill program at its 17,334 acres Horizon Lithium Project (“Horizon”) located in Esmeralda County that is 7.4 miles west from Tonopah, Nevada. The Company is fully permitted to drill twenty-two (22) core drill holes and is scheduled to begin drilling Saturday February 11th, 2023.

Pan American has commissioned KB Drilling (“KB”) of Carson City, Nevada, an experienced diamond core drilling outfit with a history of claystone lithium exploration work in the region, to complete the work. The Company’s strategic operating partner, RESPEC Consulting Inc. (“RESPEC”), will oversee the drilling program, geological work, and field operations.

Jason Latkowcer, Chief Executive Officer comments, “The culmination of months of work and planning are coming together as we mobilize our maiden drill program at Horizon. We have seen some incredible industry catalysts in Nevada with the recent favourable ruling on record of decision for Lithium America’s Thacker Pass project and investment by General Motors to develop U.S.-sourced lithium production through $650 million equity investment and supply agreement. We are thrilled to mobilize and be working in this jurisdiction.”

About KB Drilling Co. Inc

KB Drilling Co. Inc (Kirkness Brothers) is owned and operated by Terry and Charles Kirkness. The two brothers have been in the drilling industry for 37+ years each. In 1991, they partnered with their father, Don Kirkness, and started Kirkness Diamond Drilling. With Kirkness Diamond Drilling they contracted both surface and underground until 2007. Thereafter, Don Kirkness retired and the brothers started KB Drilling, specializing in diamond core drilling. With them comes their vast knowledge and experience, not only in drilling, but also in hydraulics, diesel mechanics, and fabricating. The Kirkness brothers have drilled across the United States in all types of terrain and weather, making their knowledge and expertise of core drilling unparalleled. Terry and Charles have spent their lives perfecting the drilling process and have an outstanding business reputation.

For more information contact Terry Kirkness, Owner/Operator, terrykirkness@kbdrilling.com.

About Pan American Energy Corp.

Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) (FSE: SS6) is an exploration stage company engaged principally in the acquisition, exploration and development of mineral properties containing battery metals in North America.

The Company’s maiden asset is the 100% owned Green Energy Lithium Project, located in the Paradox Basin, Utah, USA. The Company has also entered a property option agreement with Horizon Lithium LLC with the right to acquire 100% interest in the Horizon Lithium Project, located within the Clayton Valley – Tonopah Lithium Belt, Nevada, USA.

The Company executed an option agreement in Canada with Magabra Resources with the right to acquire up to 90% interest in the drill-ready Big Mack Lithium Project, 80 km north of Kenora, Ontario.

On Behalf of the Board of Directors
Jason Latkowcer
CEO & Director

Contact

Phone: (587) 885-5970
Email: info@panam-energy.com

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the Company’s planned drilling and sampling program, including the date upon which the Company expects to announce its phase one plans, the amount of drilling to be contained in such program and the proposed location of the exploration undertaken as part of the program, and the potential commercialization of the Property.

Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, the assumption that: the Company will be successful in commercializing the Property and that the Company will undertake its planned drilling and sampling program on the timeline and parameters that are currently expected. Such assumptions and factors are based on information currently available to the Company.

Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters or delays as plans continue to be redefined, that mineral exploration is inherently uncertain and that the results of mineral exploration may not be indicative of the actual geology or mineralization of a Project, and that mineral exploration may be unsuccessful or fail to achieve the results anticipated by the Company, including the establishment of a commercial mining operation. The forward-looking information contained in this release is made as of the date hereof, and the Company not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The CSE has neither approved nor disapproved the information contained herein.