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Drill Results

Pan Am Energy talks Tharsis bathymetric survey results

By The Northwire Desk — AI Analysis Dec 30, 2025 · 15:56 PNRG · 0.70 Pan American Energy Corp
PNRG · Price

Executive Summary

  • Pan American Energy Corp. completed final bathymetric processing of the 2025 field program at its Tharsis project in the Northwest Territories.
  • The survey, conducted across Squalus Lake, provides critical depth data to support planned future winter drilling activities and ice-based access for drill rigs.
  • The resulting digital elevation model (DEM) has been integrated with airborne magnetic data to define basin geometry, identifying shallow shoals and deeper troughs to refine drill targeting.

Key Details

  • Survey Location: Squalus Lake, Tharsis project, Northwest Territories.
  • Survey Period: September 2025.
  • Data Volume: Approximately 17,500 depth measurements collected across boat-accessible portions of the lake.
  • Methodology: Data acquired along east-west traverse lines spaced at roughly 100 metres, with additional incidental measurements from routine watercraft travel.
  • Data Processing: Point cloud cleaned and interpolated into a continuous digital surface model; clipped digital elevation model (DEM) created.
  • Integration: Bathymetric data integrated with existing airborne magnetic data.
  • Geological Findings: Successfully defined basin geometry, identifying shallow shoals and deeper troughs.
  • Operational Impact: Data improves readiness for winter exploration, reduces uncertainty regarding lake depths, and aids in planning safe ice-based access for drill rigs.
  • Next Steps: Data will be used alongside geological and geophysical datasets to refine drill targeting and evaluate near-term exploration scenarios.
  • Qualified Person: Dr. Jared Suchan, PhD, PGeo, technical adviser and qualified person under NI 43-101.

Notable Quotes

  • "This bathymetric data set improves our readiness for winter exploration at Tharsis, helping to reduce uncertainty around lake depths and potential ice-based access for drill rigs." — Adrian Lamoureux, Chief Executive Officer
Read the original news release →

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