Pan American Energy Completes Field Program at Tharsis Project
Pan American Energy (OTC: PAANF) completed a nine-day, six-person field program at the Tharsis Project near Squalus Lake on Oct 28, 2025, to support drill planning.
Key deliverables: geological mapping of outcrops, magnetic susceptibility measurements (Outcrop A avg 0.46×10⁻⁶ SI; Outcrop B avg 55×10⁻⁶ SI), collection of representative rock samples and photos, and a detailed bathymetric survey of Squalus Lake with ~17,500 data points on 100 m transects. An archaeological survey was completed with local Indigenous involvement.
All datasets will be integrated into a 3D geospatial workspace; next steps include a preliminary geological map, thin section and QEMSCAN analyses, and creation of an integrated model to guide initial drill hole placement.
Pan American Energy (OTC: PAANF) ha completato un programma sul campo di nove giorni e sei persone nel Progetto Tharsis vicino al Lago Squalus il 28 ottobre 2025, per supportare la pianificazione delle perforazioni.
Principali deliverables: mappatura geologica delle affioramenti, suscettibilità magnetica (Affioramento A media 0.46×10⁻⁶ SI; Affioramento B media 55×10⁻⁶ SI), raccolta di campioni di roccia rappresentativi e foto, e un dettagliato sondaggio batimetrico del Lago Squalus con circa 17.500 punti dati su transect di 100 m. È stato completato anche un sondaggio archeologico con la partecipazione delle popolazioni indigene locali.
Tutti i set di dati saranno integrati in un ambiente geospaziale 3D; i passi successivi includono una mappa geologica preliminare, analisi di sezioni sottili e QEMSCAN, e la creazione di un modello integrato per guidare il posizionamento iniziale dei fori di perforazione.
Pan American Energy (OTC: PAANF) completó un programa de campo de nueve días y seis personas en el Proyecto Tharsis, cerca del Lago Squalus, el 28 de octubre de 2025, para apoyar la planificación de perforaciones.
Entregables clave: mapeo geológico de afloramientos, mediciones de susceptibilidad magnética (Afloramiento A promedio 0.46×10⁻⁶ SI; Afloramiento B promedio 55×10⁻⁶ SI), colección de muestras de roca representativas y fotos, y una detallada batimetría del Lago Squalus con ~17,500 puntos de datos en transectos de 100 m. También se realizó un sondeo arqueológico con la participación de comunidades indígenas locales.
Todos los conjuntos de datos se integrarán en un espacio geoespacial 3D; los próximos pasos incluyen un mapa geológico preliminar, análisis de secciones delgadas y QEMSCAN, y la creación de un modelo integrado para guiar el posicionamiento inicial de los agujeros de perforación.
Pan American Energy (OTC: PAANF)는 드릴 계획 지원을 위해 2025년 10월 28일 가까운 Tharsis 프로젝트의 Squalus 호수 근처에서 9일간 6인으로 구성된 현장 프로그램을 완료했습니다.
주요 산출물: 노출부의 지질 매핑, 자성 감응도 측정(노출 A 평균 0.46×10⁻⁶ SI; 노출 B 평균 55×10⁻⁶ SI), 대표 암석 샘플 및 사진의 수집, 그리고 100 m 간격의 트랜섹트에서 약 17,500개의 데이터 포인트를 가진 해저 지형 측량인 수심측량의 상세 조사. 지역 원주민들이 참여한 고고학 조사도 완료되었습니다.
모든 데이터 세트는 3D 지리공간 작업공간에 통합될 예정이며, 다음 단계로 예비 지질도, 얇은 단면 및 QEMSCAN 분석, 그리고 초기 시추 구멍 배치를 안내하는 통합 모델의 생성을 포함합니다.
Pan American Energy (OTC: PAANF) a terminé un programme sur le terrain de neuf jours et six personnes dans le Projet Tharsis près du lac Squalus le 28 octobre 2025, afin de soutenir la planification du forage.
Livrables clés : cartographie géologique des affleurements, susceptibilité magnétique (Affleurement A moyenne 0.46×10⁻⁶ SI; Affleurement B moyenne 55×10⁻⁶ SI), collecte d'échantillons de roche représentatifs et photos, et une bathymétrie détaillée du lac Squalus avec environ 17 500 points de données sur des transects de 100 m. Une enquête archéologique a été réalisée avec la participation des communautés autochtones locales.
Tous les jeux de données seront intégrés dans un espace géospatial 3D; les prochaines étapes incluent une carte géologique préliminaire, des analyses de coupes fines et QEMSCAN, et la création d'un modèle intégré pour guider le positionnement initial des forages.
Pan American Energy (OTC: PAANF) hat ein neuntägiges Feldprogramm mit sechs Personen im Tharsis-Projekt in der Nähe des Squalus-Sees am 28. Oktober 2025 abgeschlossen, um die Bohrplanungen zu unterstützen.
Wichtige Ergebnisse: geologische Kartierung von Gesteinsaufschlüssen, magnetische Suszeptibilität Messungen (Auffall A durchschnittlich 0.46×10⁻⁶ SI; Auffall B durchschnittlich 55×10⁻⁶ SI), Sammlung repräsentativer Gesteinsproben und Fotos, und eine detaillierte Bathymetrie-Untersuchung des Squalus-Sees mit ca. 17.500 Datenpunkten auf 100 m Transekten. Eine archäologische Untersuchung wurde mit Beteiligung der lokalen indigenen Bevölkerung abgeschlossen.
Alle Datensätze werden in einen 3D-geospatial Arbeitsbereich integriert; nächste Schritte umfassen eine vorläufige geologische Karte, Dünnschliff- und QEMSCAN-Analysen sowie die Erstellung eines integrierten Modells zur Leitung der anfänglichen Bohrlochplatzierung.
Pan American Energy (OTC: PAANF) أنهت برنامجاً ميدانياً لمدة تسعة أيام مع ستة أشخاص في مشروع ثارسيس قرب بحيرة سكوالس في 28 أكتوبر 2025، لدعم تخطيط الحفر.
المخرجات الرئيسية: تصميم جيولوجي لظواهر طبقة الصخور، قياسات قابلية مغناطيسية (الظهور A بمعدل 0.46×10⁻⁶ سي آي؛ الظهور B بمعدل 55×10⁻⁶ سي آي)، جمع عينات صخر تمثلية وصور، ومسح تفصيلي بحري فائق لبحيرة سكوالس مع حوالي 17,500 نقطة بيانات في مقاطع طولها 100 م. كما تم إجراء مسح أثري بمشاركة السكان الأصليين المحليين.
سيتم دمج جميع مجموعات البيانات في مساحة جيومكانية ثلاثية الأبعاد؛ الخطوات التالية تشمل خريطة جيولوجية تمهيدية، تحليلات شرائح رفيعة وQEMSCAN، وإنشاء نموذج متكامل لتوجيه وضع بُقَع الحفر الأولية.
Pan American Energy (OTC: PAANF) 于 2025 年 10 月 28 日在 Tharsis 项目靠近 Squalus 湖完成了为期九天、六人现场计划，以支持钻井规划。
关键交付成果：对露头进行 地质制图、对 磁化率 进行测量（露头 A 平均 0.46×10⁻⁶ SI；露头 B 平均 55×10⁻⁶ SI）、采集具有代表性的岩石样品及照片，并对 Squalus 湖进行了详细的 水深测量/浴深测量，在 100 m 的 Transect 上约有 17,500 个数据点。还完成了一次考古调查，得到当地原住民参与。
所有数据集将整合到一个 3D 地理空间工作区；接下来的步骤包括初步地质图、薄片分析和 QEMSCAN，以及创建一个综合模型以引导初始钻孔位置。
- Nine-day field campaign with a six-person team
- Collected ~17,500 bathymetry data points on 100 m transects
- Outcrop A magnetic susceptibility avg 0.46×10⁻⁶ SI (magnetic low)
- Outcrop B magnetic susceptibility avg 55×10⁻⁶ SI (magnetic high)
- Plan to consolidate datasets into a 3D geospatial workspace for drill planning
- Eastern bay excluded from bathymetry due to low water levels and boulder-filled terrain
Field Program Delivers Key Geological, Magnetic, and Bathymetric Data to Guide Upcoming Drill Planning at Tharsis
CALGARY, Alberta, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG | OTC: PAANF | FRA: SS6) (“Pan American” or the “Company”) is pleased to announce the successful completion of its 2025 preliminary field program at the Tharsis Project, located near Squalus Lake in the Northwest Territories. The program, field-conducted in late-September, marks a step forward in developing a comprehensive geological and structural model of the Squalus Lake alkaline complex, a Proterozoic intrusion prospective for rare earth element (REE) and niobium mineralization.
The nine-day field campaign involved the mobilization of a six-person team that was deployed to map and characterize outcrops around the northern end of Squalus Lake, focusing on areas proximal to known REE-Nb showings and the magmatic core of the complex. The teams described lithologies, recorded magnetic susceptibility values, and collected representative rock samples and photographs.
Lithological characterization revealed a clear contrast between magnetic and non-magnetic rock units. Carbonatite and felsic phases consistently displayed low magnetic signatures, while more mafic units recorded higher readings. Two key outcrops were visited and analyzed in detail (Figure 1). Outcrop A, located near the magnetic low core, contained coarse biotite, feldspar, and mafic minerals but returned a low magnetic susceptibility average of 0.46 × 10⁻⁶ SI. Outcrop B, positioned along the magnetic high ring encircling the core, consisted of coarse magnetite syenite with hornblende and biotite, averaging 55 × 10⁻⁶ SI. The results support the interpretation that the central magnetic low likely corresponds to a carbonatite phase with high rare earth potential, while the surrounding magnetic ring may represent less prospective, mafic syenitic material.
Figure 1. Location of outcrops visited on the shorelines of Squalus Lake.
The field team completed a detailed bathymetric survey of Squalus Lake, collecting approximately 17,500 data points along 100-meter-spaced east-west transects covering all accessible areas of the lake (Figure 2). The eastern bay near the lake’s midpoint was excluded due to low water levels and boulder-filled terrain. The resulting bathymetric dataset is intended to support the construction of a three-dimensional model of the lake bottom, which, when combined with the magnetic data and geological mapping, will aid in the identification and refinement of drill targets beneath the lake.
Figure 2. Location of bathymetry station measurements taken on Squalus Lake; depth given in meters.
An archaeological field survey, supported by a local Indigenous community member, was also conducted by a team mobilized from Saskatoon. Using aerial reconnaissance and ground-based observations, the team assessed the northern portion of the property to ensure the exploration work aligns with territorial heritage and cultural preservation standards.
All datasets from the 2025 program, including geological, magnetic, and bathymetric data, will be consolidated into a 3D geospatial workspace to assist with drill planning. The next phase of work will include the preparation of a preliminary geological map, thin section and QEMSCAN analyses of representative samples, and the creation of an integrated model that merges subsurface topography with surface geology. These efforts will guide the placement of the first drill holes at Tharsis.
“Our team has completed an exceptional amount of work in a short field window,” stated Adrian Lamoureux, CEO of Pan American Energy. “The integration of detailed lithological, magnetic, and bathymetric datasets will provide the technical foundation for our first drill campaign at Tharsis. The results continue to support the interpretation that the Squalus Lake complex is a well-preserved carbonatite system with excellent rare earth potential.”
Qualified Person
The scientific and technical content of this news release has been reviewed, verified, and approved by Jared Suchan, Ph.D., P.Geo., Technical Advisor to the Company and a “Qualified Person” as defined by National Instrument 43-101.
About Pan American Energy Corp.
Pan American Energy Corp. (CSE: PNRG) (OTC: PAANF) (FSE: SS60) is an exploration stage company engaged principally in the acquisition, exploration, and development of mineral properties containing battery and critical metals in North America.
The Company has executed an option agreement in Canada with Magabra Resources pursuant to which it has acquired a
On Behalf of the Board of Directors:
Adrian Lamoureux
CEO
Contact:
Phone: (587) 885-5970
Email: info@panam-energy.com
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding the Company’s exploration and other plans with respect to its mineral properties, including, but not limited to plans for future drill programs, and the geological potential of such properties, as well as future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements.” These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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Photos accompanying this announcement are available at:
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FAQ
What did Pan American Energy announce about the Tharsis Project (PAANF) on Oct 28, 2025?
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Did Pan American complete any heritage or community surveys during the Tharsis field program?
