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Pan American Silver estimates maiden inferred resource at La Colorada deposit

Pan American Silver Corp. on Dec. 11 outlined a maiden inferred resource estimate at the La Colorada mine, part of the La Arena property in Mexico, of 72.5 million tonnes grading 44 g/t tonne of silver, 0.17% copper, 2.02% lead and 4.40% zinc for 102 million ounces of silver, 121,000 tonnes of copper, 1.5 million tonnes of lead, and 3.2 million tonnes of zinc.

The estimate assumed a cut-off value of US$60 per tonne after accounting for transportation, smelting and refining costs.

Pan American's vice president for business development and geology Christopher Emerson said the company completed 54,000 meters of drilling into the deposit and developed the geological model for the initial resource estimate.

"An aggressive drilling program is planned for 2020 to further explore the deposit's potential," Emerson said.