Pan American Silver Provides Update On Successful 2012 Exploration Program
-- La Colorada mine on track for significant Mineral Resources
growth
-- First phase drilling at Waterloo Silver project returns 108
metres with 181 g/t Silver starting at surface, including 36
metres with 285 g/t Silver
VANCOUVER, Aug. 15, 2012 /PRNewswire/ – Pan American Silver Corp. (PAAS: NASDAQ) (PAA: TSX), (the “Company”, or “Pan American”) is pleased to report drill results from this year’s ongoing exploration
programs at the La Colorada mine in Zacatecas, Mexico and one of its
development projects, the Waterloo silver project in San Bernardino
County, California.
Exploration Results – La Colorada Mine
Exploration has been very successful over recent years, adding new
Mineral Reserves and Resources. Most of the past exploration and
Mineral Resource additions were focused on the main HW and NC2
structures. Approximately 88% of the current production comes from
these two structures, which have a combined strike length of over 1,500
metres and are producing almost 960 tonnes per day (“tpd”) of oxide and
sulphide ore. Underground drilling has substantially expanded the
Mineral Resources down-dip over the past three years, with the deepest
hole intersecting the NC2 vein at the 1,008 level, more than 1,000
metres below surface (drill hole U-21-12, 0.60 metres @ 378 g/t silver
and 0.63 g/t gold). The current Probable Mineral Reserves only
includes mineralization to the 600 level.
The 2012 campaign is focused on the Amolillo vein, located about 500
metres northwest of the HW/NC2 structures. Amolillo is currently
producing 125 tpd of oxide ore from the 245 and 275 levels, along a
400-metre strike length. Drilling is targeting a potential lateral and
vertical Mineral Resource and Mineral Reserve expansion. To date, a
total of 23 holes have been drilled, 16 from surface and 7 from
underground, for a combined total of approximately 9,643 metres of
diamond drilling. The first phase drilling intersected the vein down
to the 520 level, 245 metres below the deepest mining level, and
expanded the lateral extension to the east and west by 500 metres for a
total of 900 metres of current strike length.
Drill results have been exceptional from both oxide and sulphide
mineralization. Impressive sulphide intersections were encountered in
hole S-04-12, which returned a true width of 2.41 metres containing
1,750 g/t silver, 0.63 g/t gold, 3.01% lead and 6.70% zinc. In
addition, hole U-20-12 returned 2.62 metres containing 1,096 g/t
silver, 1.38 g/t gold, 2.76% lead and 4.17% zinc. In hole U-29-12
silver grades reached highs of up to 3,308 g/t with 37% lead and 2.88%
zinc over a true width of 0.43 metres.
Oxide intercepts were also impressive. As an example, hole U-48-12
returned 2.41 metres of true width containing 840 g/t silver and 1.15
g/t gold and hole S-55-12 returned 465 g/t silver and 0.38 g/t gold
over a true width of 3.43 metres. Detailed results for 23 drill holes
are shown in Table 1 in the Appendix to this news release. The Company
is very encouraged by the results and will intensify drilling over the
next six months. Pan American expects to incorporate these results
into the December 2012 Mineral Reserves and Resources update, which is
scheduled for release in February 2013.
Michael Steinmann, Executive Vice-President, Geology and Exploration,
commented on the results at La Colorada, “For over three years now, La
Colorada has returned excellent exploration results. The large and high
grade extension of the Amolillo mineralisation represents another step
towards our goal of adding substantially to the Mineral Reserves and
Mineral Resources at La Colorada and the future potential expansion of
the plant and mining operations.”
The following table shows selected drill results from La Colorada’s
Amolillo Vein. For the complete drill results, please refer to Table 1
in the Appendix of this news release. A detailed long section and map
will be posted on the Company’s website at www.panamericansilver.com.
Selected Drill Results – Amolillo Vein at La Colorada
___________________________________________________________________
| Drill | Vein | True | Ag |Au (g/t)|Pb (%)|Zn (%)|Mineralisation|
| Hole | |Width |(g/t)| | | | |
| | | (m) | | | | | |
|_______|________|______|_____|________|______|______|______________|
|S-04-12|Amolillo| 2.41 |1,750| 0.63 | 3.01 | 6.70 | Sulphides |
|_______|________|______|_____|________|______|______|______________|
|S-06-12|Amolillo| 4.10 | 396 | 0.56 | 2.06 | 3.31 | Sulphides |
|_______|________|______|_____|________|______|______|______________|
|U-20-12|Amolillo| 2.62 |1,096| 1.38 | 2.76 | 4.17 | Sulphides |
|_______|________|______|_____|________|______|______|______________|
|S-23-12|Amolillo| 2.36 | 439 | 0.34 | 2.15 | 4.76 | Sulphides |
|_______|________|______|_____|________|______|______|______________|
|U-29-12|Amolillo| 0.43 |3,308| 0.70 |37.00 | 2.88 | Sulphides |
|_______|________|______|_____|________|______|______|______________|
|S-42-12|Amolillo| 3.92 | 305 | 0.11 | N/A | N/A | Oxides |
|_______|________|______|_____|________|______|______|______________|
|U-48-12|Amolillo| 2.41 | 840 | 1.15 | N/A | N/A | Oxides |
|_______|________|______|_____|________|______|______|______________|
|S-55-12|Amolillo| 3.43 | 465 | 0.38 | N/A | N/A | Oxides |
|_______|________|______|_____|________|______|______|______________|
Drill holes are sampled and logged according to industry-accepted
standards. All exploration samples are prepared and analyzed at the
on-site La Colorada lab, which uses fire assay with gravimetric finish
for gold and silver. Base metals are assayed using acid digestion and
atomic absorption finish. The QAQC program at La Colorada includes the
submission of tertiary lab check assays on 2% to 5% of the samples and
1% to 2% of check samples. All of the drilling, sampling and QAQC
programs are conducted under the direct supervision of Pan American’s
geology staff.
Exploration Results – Waterloo Silver Project
The Waterloo silver project is located 16 kilometres northeast of the
town of Barstow, in the Calico Mining District of San Bernardino
County, California. The silver-barite mineral property covering 769
hectares consists of 18 patented and 20 unpatented mining claims and
surface lands. Pan American has held 100% of the mineral properties
since 1996. Part of the Waterloo project hosted a small high-grade
operation from 1882 to 1892, reportedly mining 50 tpd with average
grades of over 700 g/t silver. Asarco Ltd. (“Asarco”) acquired the
Waterloo project in 1964 and undertook an intensive two-year
exploration program. In addition to geological mapping, sampling and
surface trenching, Asarco drilled 181 reverse circulation (“RC”) holes
for a total length of 12,443 metres. Based on the drilling, Asarco
outlined a historical silver-barite Mineral Resource close to or at
surface.
The historical Mineral Resource estimate from Asarco was 33.8 million
tonnes at 93 g/t silver for a total of 101 million contained silver
ounces. The historical estimate was prepared prior to implementation
of National Instrument 43-101, Standards of Disclosure for Mineral
Projects (“NI 43-101″), and the Company has not yet completed the work
necessary to verify the historical estimate or to classify the
historical estimate as current Mineral Resources. Accordingly, the
Company is not treating the historical estimate as a current Mineral
Resource or NI 43-101-compliant based on information prepared by or
under the supervision of a Qualified Person (“QP”). The historical
estimate should not be relied upon; however, Michael Steinmann, P.Geo.,
the QP for Pan American, has reviewed all the available data and
believes that the historical estimate was conducted in an appropriate
manner and is relevant for the purposes of the Company’s decision to
maintain its interest in the property.
Pan American decided to actively evaluate the potential of the property
and started a first phase drilling campaign in 2012. The drill program
consisted of 11 RC holes for a total of 974 metres and 4 short diamond
drill holes with a total length of 259 metres. Much more work is needed
on the geological interpretation, but the deposit could represent a
sedimentary exhalative style (“SEDEX”) mineralisation dipping 20° to
25° to the southwest.
All of Asarco’s and Pan American’s drill holes are vertical.
Mineralisation starts in all holes at or close to the surface and
drilling has returned wide intersects and high silver grades. For
example, hole W-RC-S-12007 intersected 108 metres at 181 g/t silver,
including 36 metres at 285 g/t silver. Hole W-RC-S-12008 also
intersected 108 metres, containing 142 g/t silver, including a shorter
interval of 62 metres at 192 g/t silver. The same section also hosts
hole W-RC-S-12006 with 94 metres at 109 g/t silver, including 26 metres
at 170 g/t silver and hole W-RC-S-12009, which intersected 106 metres
at 120 g/t silver, including 40 metres containing 166 g/t silver. These
four holes cover a horizontal distance of 130 metres. Further to the
northwest, intersections are somewhat narrower, as encountered in holes
W-RC-S-12001, 12002, 12003, 12010 and 12011, which intersected
mineralisation over down-hole lengths of between 34 metres to 80
metres. All intervals are reported as down-hole lengths and are not
corrected to true widths for mineralized intervals. The geometries of
mineralized zones remain speculative until further drilling is
completed. RC holes have been continuously sampled over a standardized
length of 2 metres.
Michael Steinmann commented on results at Waterloo, “The first phase
drill results from Waterloo are exceptional. The first 11 RC holes
returned consistent high grade and wide intersects starting from the
surface in most holes. They compare very well to the historic drill
results from Asarco and in some instances are even higher grade.
Drilling will continue with a second phase in order to confirm the
historic Mineral Resource. Waterloo is well on its way to being Pan
American’s newest development project.”
For the remainder of the year, the Company will increase its exploration
efforts at Waterloo, including metallurgical test work, continued RC
and diamond drilling, geological mapping and geophysical surveys.
The following table shows selected drill results from the Waterloo
Project. For Waterloo’s complete drill results, please refer to Table
2 in the Appendix of this news release. A geological map will be
posted on the Company’s website at www.panamericansilver.com.
Selected Drill Results – Waterloo Project
________________________________________________
|Hole number |From (m)|To (m)|Length (m)|Ag (g/t)|
|____________|________|______|__________|________|
|W-RC-S-12006| 0 | 94 | 94 | 109 |
|____________|________|______|__________|________|
| including | 30 | 46 | 16 | 153 |
|____________|________|______|__________|________|
| and | 56 | 82 | 26 | 170 |
|____________|________|______|__________|________|
|W-RC-S-12007| 0 | 108 | 108 | 181 |
|____________|________|______|__________|________|
| including | 32 | 68 | 36 | 285 |
|____________|________|______|__________|________|
|W-RC-S-12008| 0 | 108 | 108 | 142 |
|____________|________|______|__________|________|
| including | 36 | 98 | 62 | 192 |
|____________|________|______|__________|________|
|W-RC-S-12009| 0 | 106 | 106 | 120 |
|____________|________|______|__________|________|
| including | 50 | 90 | 40 | 166 |
|____________|________|______|__________|________|
Samples are prepared and analyzed by ALS Laboratories in North
Vancouver, Canada, using acid digestion with atomic absorption for
samples less than 100 g/t silver and fire assay for samples greater
than 100 g/t.
***
About Pan American Silver
Pan American Silver’s mission is to be the world’s largest and lowest
cost primary silver mining company by increasing its low cost silver
production and silver Mineral Reserves. The Company has seven
operating mines in Mexico, Peru, Argentina and Bolivia, including the
recently acquired Dolores gold/silver mine in Chihuahua, Mexico. Pan
American also owns the Navidad silver development project in Chubut,
Argentina, the Calcatreu gold project in Rio Negro, also in Argentina
and the La Virginia development project in Sonora, Mexico.
Technical information contained in this news release with respect to Pan
American has been reviewed by Michael Steinmann, P.Geo., Executive VP
Geology & Exploration, who is the Company’s Qualified Person for the purposes of NI 43-101.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
CERTAIN OF THE STATEMENTS AND INFORMATION IN THIS NEWS RELEASE
CONSTITUTE “FORWARD-LOOKING STATEMENTS” WITHIN THE MEANING OF THE
UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND
“FORWARD-LOOKING INFORMATION” WITHIN THE MEANING OF APPLICABLE CANADIAN
PROVINCIAL SECURITIES LAWS. ALL STATEMENTS, OTHER THAN STATEMENTS OF
HISTORICAL FACT, ARE FORWARD-LOOKING STATEMENTS. WHEN USED IN THIS
NEWS RELEASE THE WORDS, “BELIEVES”, “EXPECTS”, “INTENDS”, “PLANS”,
“FORECAST”, “OBJECTIVE”, “OUTLOOK”, “POSITIONING”, “POTENTIAL”,
“ANTICIPATED”, “BUDGET”, AND OTHER SIMILAR WORDS AND EXPRESSIONS,
IDENTIFY FORWARD-LOOKING STATEMENTS OR INFORMATION. THESE
FORWARD-LOOKING STATEMENTS OR INFORMATION RELATE TO, AMONG OTHER
THINGS: ESTIMATES OF MINERAL RESOURCES OR MINERAL RESERVES AND ANY
FUTURE CHANGES TO MINERAL RESOURCES OR MINERAL RESERVES BASED ON
EXPLORATION RESULTS; FUTURE EXPLORATION ACTIVITY, INCLUDING THE
COMPANY’S PLANS FOR FUTURE DRILLING, LOCATION OF EXPLORATION AND THE
RESULTS OF ANY SUCH EXPLORATION; THE COMPANY’S ABILITY TO EXPAND MINE
OR PLANT AT THE LA COLORADA MINE; TIMING OF RELEASE OF UPDATED MINERAL
RESOURCE AND MINERAL RESERVE ESTIMATES OR TECHNICAL OR OTHER REPORTS;
AND THE COMPANY’S PLANS AND EXPECTATIONS FOR ITS PROPERTIES AND
OPERATIONS.
THESE STATEMENTS REFLECT THE COMPANY’S CURRENT VIEWS WITH RESPECT TO
FUTURE EVENTS AND ARE NECESSARILY BASED UPON A NUMBER OF ASSUMPTIONS
AND ESTIMATES THAT, WHILE CONSIDERED REASONABLE BY THE COMPANY, ARE
INHERENTLY SUBJECT TO SIGNIFICANT BUSINESS, ECONOMIC, COMPETITIVE,
POLITICAL AND SOCIAL UNCERTAINTIES AND CONTINGENCIES. MANY FACTORS,
BOTH KNOWN AND UNKNOWN, COULD CAUSE ACTUAL RESULTS, PERFORMANCE OR
ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE
OR ACHIEVEMENTS THAT ARE OR MAY BE EXPRESSED OR IMPLIED BY SUCH
FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE AND THE
COMPANY HAS MADE ASSUMPTIONS AND ESTIMATES BASED ON OR RELATED TO MANY
OF THESE FACTORS. SUCH FACTORS INCLUDE, WITHOUT LIMITATION:
FLUCTUATIONS IN SPOT AND FORWARD MARKETS FOR SILVER, GOLD, BASE METALS
AND CERTAIN OTHER COMMODITIES (SUCH AS NATURAL GAS, FUEL OIL AND
ELECTRICITY); FLUCTUATIONS IN CURRENCY MARKETS (SUCH AS THE CANADIAN
DOLLAR, PERUVIAN SOL, MEXICAN PESO, ARGENTINE PESO AND BOLIVIAN
BOLIVIANO VERSUS THE U.S. DOLLAR); RISKS RELATED TO THE TECHNOLOGICAL
AND OPERATIONAL NATURE OF THE COMPANY’S BUSINESS; CHANGES IN NATIONAL
AND LOCAL GOVERNMENT, LEGISLATION, TAXATION, CONTROLS OR REGULATIONS
INCLUDING AMONG OTHERS; POLITICAL OR ECONOMIC DEVELOPMENTS IN CANADA,
THE UNITED STATES, MEXICO, PERU, ARGENTINA, BOLIVIA OR OTHER COUNTRIES
WHERE THE COMPANY MAY CARRY ON BUSINESS IN THE FUTURE; RISKS AND
HAZARDS ASSOCIATED WITH THE BUSINESS OF MINERAL EXPLORATION,
DEVELOPMENT AND MINING (INCLUDING ENVIRONMENTAL HAZARDS, INDUSTRIAL
ACCIDENTS, UNUSUAL OR UNEXPECTED GEOLOGICAL OR STRUCTURAL FORMATIONS,
PRESSURES, CAVE-INS AND FLOODING); EMPLOYEE RELATIONS; RELATIONSHIPS
WITH AND CLAIMS BY LOCAL COMMUNITIES AND INDIGENOUS POPULATIONS;
AVAILABILITY AND INCREASING COSTS ASSOCIATED WITH MINING INPUTS AND
LABOUR; THE SPECULATIVE NATURE OF MINERAL EXPLORATION AND DEVELOPMENT,
INCLUDING THE RISKS OF OBTAINING NECESSARY LICENSES AND PERMITS AND THE
PRESENCE OF LAWS AND REGULATIONS THAT MAY IMPOSE RESTRICTIONS ON
MINING; DIMINISHING QUANTITIES OR GRADES OF MINERAL RESERVES AS
PROPERTIES ARE MINED; CHALLENGES TO, OR DIFFICULTY IN MAINTAINING, THE
COMPANY’S TITLE TO PROPERTIES AND CONTINUED OWNERSHIP THEREOF; THE
ACTUAL RESULTS OF CURRENT EXPLORATION ACTIVITIES, CONCLUSIONS OF
ECONOMIC EVALUATIONS, AND CHANGES IN PROJECT PARAMETRES TO DEAL WITH
UNANTICIPATED ECONOMIC OR OTHER FACTORS; INCREASED COMPETITION IN THE
MINING INDUSTRY FOR PROPERTIES, EQUIPMENT, QUALIFIED PERSONNEL, AND
THEIR COSTS; AND THOSE FACTORS IDENTIFIED UNDER THE CAPTION “RISKS
RELATED TO PAN AMERICAN’S BUSINESS” IN THE COMPANY’S MOST RECENT FORM
40-F AND ANNUAL INFORMATION FORM FILED WITH THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION AND CANADIAN PROVINCIAL SECURITIES
REGULATORY AUTHORITIES. INVESTORS ARE CAUTIONED AGAINST ATTRIBUTING
UNDUE CERTAINTY OR RELIANCE ON FORWARD-LOOKING STATEMENTS. ALTHOUGH
THE COMPANY HAS ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY, THERE MAY BE OTHER FACTORS
THAT CAUSE RESULTS NOT TO BE AS ANTICIPATED, ESTIMATED, DESCRIBED OR
INTENDED. THE COMPANY DOES NOT INTEND, AND DOES NOT ASSUME ANY
OBLIGATION, TO UPDATE THESE FORWARD-LOOKING STATEMENTS OR INFORMATION
TO REFLECT CHANGES IN ASSUMPTIONS OR CHANGES IN CIRCUMSTANCES OR ANY
OTHER EVENTS AFFECTING SUCH STATEMENTS OR INFORMATION, OTHER THAN AS
REQUIRED BY APPLICABLE LAW.
Appendix – Complete Drill Results
Table 1 – Complete Drill Results from the Amolillo Vein, La Colorada
Mine
_____________________________________________________________________
|Drill | Vein | True |Ag (g/t)|Au |Pb (%)|Zn (%)|Mineralisation|
|Hole | |width | |(g/t)| | | |
| | | (m) | | | | | |
|_______|________|______|________|_____|________|______|______________|
|S-02-12|Amolillo| 4.08 | 329 |0.29 | 1.04 | 3.11 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|S-04-12|Amolillo| 2.41 | 1,750 |0.63 | 3.01 | 6.70 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|S-06-12|Amolillo| 4.10 | 396 |0.56 | 2.06 | 3.31 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|S-12-12|Amolillo| 3.21 | 246 |0.32 | 3.14 | 4.91 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|S-16-12|Amolillo| 2.34 | 398 |0.33 | N/A | N/A | Oxides |
|_______|________|______|________|_____|________|______|______________|
|S-19-12|Amolillo| 0.46 | 111 |0.03 | 1.12 | 0.76 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|U-20-12|Amolillo| 2.62 | 1,096 |1.38 | 2.76 | 4.17 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|S-23-12|Amolillo| 2.36 | 439 |0.34 | 2.15 | 4.76 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|U-29-12|Amolillo| 0.43 | 3,308 |0.70 | 37.00 | 2.88 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|U-33-12|Amolillo| 2.56 | 204 |0.25 | N/A | N/A | Oxides |
|_______|________|______|________|_____|________|______|______________|
|S-34-12|Amolillo| 0.39 | 522 |0.17 | 1.62 | 4.69 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|U-36-12|Amolillo| 0.46 | 159 |0.42 | 1.18 | 0.51 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|S-38-12|Amolillo| 2.30 | 246 |0.12 | N/A | N/A | Oxides |
|_______|________|______|________|_____|________|______|______________|
|U-40-12|Amolillo| 3.21 | 247 |0.05 | N/A | N/A | Oxides |
|_______|________|______|________|_____|________|______|______________|
|S-42-12|Amolillo| 3.92 | 305 |0.11 | N/A | N/A | Oxides |
|_______|________|______|________|_____|________|______|______________|
|U-44-12|Amolillo| 0.73 | 511 |0.24 | 1.86 | 1.47 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|S-46-12|Amolillo| 1.54 | 154 |0.35 | 1.42 | 7.18 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|U-48-12|Amolillo| 2.41 | 840 |1.15 | N/A | N/A | Oxides |
|_______|________|______|________|_____|________|______|______________|
|S-49-12|Amolillo| 2.42 | 394 |0.35 | N/A | N/A | Oxides |
|_______|________|______|________|_____|________|______|______________|
|S-52-12|Amolillo| 0.40 | 248 |0.41 | 0.23 | 3.59 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|S-55-12|Amolillo| 3.43 | 465 |0.38 | N/A | N/A | Oxides |
|_______|________|______|________|_____|________|______|______________|
|S-57-12|Amolillo| 0.16 | 272 |0.15 | 1.29 | 2.44 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
|S-62-12|Amolillo| 0.54 | 248 |0.18 | 0.38 | 0.47 | Sulphides |
|_______|________|______|________|_____|________|______|______________|
Table 2 – Complete Drill Results from the Waterloo Project
______________________________________________
|Hole number |From (m)|To (m)|Length (m)|Ag ppm|
|____________|________|______|__________|______|
|W-RC-S-12001| 8 | 62 | 54 | 93 |
|____________|________|______|__________|______|
| including | 36 | 50 | 14 | 154 |
|____________|________|______|__________|______|
|W-RC-S-12002| 4 | 38 | 34 | 87 |
|____________|________|______|__________|______|
| including | 24 | 30 | 6 | 168 |
|____________|________|______|__________|______|
|W-RC-S-12003| 0 | 72 | 72 | 111 |
|____________|________|______|__________|______|
| including | 0 | 8 | 8 | 369 |
|____________|________|______|__________|______|
|W-RC-S-12004| 0 | 32 | 32 | 185 |
|____________|________|______|__________|______|
|including | 2 | 24 | 22 | 250 |
|____________|________|______|__________|______|
|W-RC-S-12005| 0 | 62 | 62 | 105 |
|____________|________|______|__________|______|
| including | 6 | 26 | 20 | 160 |
|____________|________|______|__________|______|
|W-RC-S-12006| 0 | 94 | 94 | 109 |
|____________|________|______|__________|______|
| including | 30 | 46 | 16 | 153 |
|____________|________|______|__________|______|
| and | 56 | 82 | 26 | 170 |
|____________|________|______|__________|______|
|W-RC-S-12007| 0 | 108 | 108 | 181 |
|____________|________|______|__________|______|
|including | 32 | 68 | 36 | 285 |
|____________|________|______|__________|______|
|W-RC-S-12008| 0 | 108 | 108 | 142 |
|____________|________|______|__________|______|
|including | 36 | 98 | 62 | 192 |
|____________|________|______|__________|______|
|W-RC-S-12009| 0 | 106 | 106 | 120 |
|____________|________|______|__________|______|
| including | 50 | 90 | 40 | 166 |
|____________|________|______|__________|______|
|W-RC-S-12010| 0 | 64 | 64 | 152 |
|____________|________|______|__________|______|
| including | 14 | 62 | 48 | 176 |
|____________|________|______|__________|______|
|W-RC-S-12011| 2 | 82 | 80 | 77 |
|____________|________|______|__________|______|
SOURCE Pan American Silver Corp.
