{"id":1154996,"date":"2019-12-11T12:28:03","date_gmt":"2019-12-11T18:28:03","guid":{"rendered":"https:\/\/www.mining.com\/?p=1009003"},"modified":"2019-12-11T12:28:03","modified_gmt":"2019-12-11T18:28:03","slug":"pan-american-outlines-initial-resource-for-la-colorada-skarn","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1154996","title":{"rendered":"Pan American outlines initial resource for La Colorada skarn"},"content":{"rendered":"<p>Pan American Silver (TSE: PAAS) has reported an initial resource estimate for its La Colorada Skarn deposit, outlining 102 million-oz. silver. The deposit was discovered last year east of the mine workings at its La Colorada mine in Zacatecas, Mexico.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The La Colorada Skarn deposit hosts an inferred resource of 72.5 million tonnes grading 44 g\/t silver, 0.17% copper, 2.02% lead and 4.4% zinc. Total contained metals are 102 million oz. silver, 3.2 million tonnes zinc, 1.5 million tonnes lead and 121,000 tonnes of copper using a cutoff value of $60 per tonne (after smelting, refining and transportation costs).<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> Next year, Pan American has budgeted $10 million for 44,000 metres of drilling, focusing on infill and exploration drilling to further define, expand and add confidence to the resource <\/p>\n<\/blockquote>\n<\/figure>\n<p>The deposit is located between 600 metres and 1,700 metres below surface, with most of the mineralization contained within a larger polymetallic mineralized skarn covering an area about 500 metres by 600 metres.<\/p>\n<p>\u201cThis initial resource estimate is a very exciting development for Pan American Silver and our La Colorada operation,\u201d said Michael Steinmann, Pan American Silver\u2019s president and CEO in a release. \u201cThe substantial size and grades point to a world-class deposit, discovered with our near-site exploration program.\u201d<\/p>\n<p>The estimate was based on 54,000 metres of drilling in 65 diamond drill holes. Next year, Pan American has budgeted $10 million for 44,000 metres of drilling, focusing on infill and exploration drilling to further define, expand and add confidence to the resource.<\/p>\n<p>The company reports that initial laboratory bench-scale metallurgical testing of core composite samples indicates encouraging selective polymetallic flotation recoveries generating high quality silver-rich copper, lead and zinc mineral concentrates.<\/p>\n<p>The La Colorada mine, an epithermal silver gold deposit, is expected to produce 8-8.2 million oz. silver and 4,100-4,800 oz. gold this year.<\/p>\n<p><em>(This article first appeared in the <\/em><a href=\"http:\/\/www.canadianminingjournal.com\/\"  rel=\"noreferrer noopener\"><em>Canadian Mining Journal<\/em><\/a><em>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The La Colorada Skarn deposit hosts an inferred resource of 72.5 million tonnes grading 44 g\/t silver, 0.17% copper, 2.02% lead and 4.4% zinc.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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