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- Pan Asia Metals (PAM) intersects more thick pegmatite dykes and veins at the Reung Kiet lithium prospect in Thailand
- The latest batch of results from ongoing drilling have returned thick intercepts of pegmatite dykes over a trend that spans one kilometre and remains open
- PAM has drilled 31 holes as part of a drilling program to report a mineral resource for the Reung Kiet Lithium Project and complete a scoping study
- The next batch of assays are expected in about two weeks
- Company shares are up 31.9 per cent to trade at 74.5 cents
Pan Asia Metals (PAM) has continued to intersect thick pegmatite dykes and veins at the Reung Kiet lithium prospect in Thailand.
This prospect lies within the Reung Kiet Lithium Project (RKLP) which is a hard rock lithium project in southern Thailand.
Pan Asia Metals is undertaking a drilling program to report a JORC-compliant mineral resource which will be used for a scoping study. The study will assess the potential initial production of up to 10,000 tonnes per annum of lithium carbonate equivalent and associated by products.
The company received results for another six holes drilled at the prospect which continue to support the geological model of extensive lithium mineralisation hosted in rich pegmatite dykes and veins currently defined over a one-kilometre strike length which remains open to the north, south and at depth.
Latest results include a 14.85-metre-wide pegmatite from 90.1 metres and an 18.4-metre-thick pegmatite from 130.7 metres in one hole. Positively, the 18.4-metre-wide pegmatite remains open in all directions.
Additional results include 31.4 metres of composite pegmatite thickness and 23.25 metres of thick pegmatite dyke from 49.95 metres.
Managing Director Paul Lock commented on the results.
“Drilling continues to meet expectations and in hole RKDD031 has exceeded expectations as a second unexpected pegmatite of considerable width was intersected at depth,” he said.
“Our aim at the Reung Kiet Lithium Project is to deliver a Mineral Resource which is sufficient to operate a 10,000 tonne per annum lithium hydroxide or lithium carbonate plant for 10 plus years, initially.”
Pan Asia Metals has now drilled 31 holes diamond holes, for 4344 metres, as part of this program and drilling is continuing.
The next batch of assays are expected in about two weeks.
Company shares were up 31.9 per cent to trade at 74.5 cents at 11:04 am AEST.
