- Pan Asia Metals (PAM) continues to see zones of lithium-tin-tantalum mineralisation at its Reung Kiet lithium project in Thailand
- The company received assays from four more holes drilled along the one-kilometre RK pegmatite trend which remains open
- Pan Asia Metals will continue infill and extensional drilling at the Reung Kiet prospect as well as the nearby Bang I Tum prospect
- Results will be included in a mineral resource estimate targeted for later in the year
- PAM shares ended Tuesday’s session 3.33 per cent in the green at 46.5 cents
Pan Asia Metals (PAM) has received assays from four more drill holes completed at the Reung Kiet lithium project in Thailand.
The company has been conducting diamond drilling at the Reung Kiet prospect since early last year with recent drilling focused along the one-kilometre-long RK pegmatite trend.
Pan Asia Metals said the latest results have continued to demonstrate multiple zones of lithium-tin-tantalum mineralisation associated with a large pegmatite dyke and vein swarm.
Specific results include 13.35 metres at 0.73 per cent lithium, 0.05 per cent tin and 173 parts per million (ppm) tantalum from 11.5 metres, and 16.6 metres at 0.6 per cent lithium, 0.07 per cent tin and 104ppm tantalum from 139.1 metres.
The RK pegmatite trend remains open to the north, south and down-dip.
Further infill and extensional drilling is ongoing at Reung Kiet. The company also plans to drill the Bang I Tum prospect 10 kilometres north of Reung Kiet.
Drill results will be incorporated into an updated mineral resource estimate (MRE) later this year and followed by a scoping study.
“We are pleased to report that the results we are seeing continue to support our target of generating an initial MRE sufficient to produce at least 10,000tpa lithium carbonate equivalent for at least 10 years,” Managing Director Paul Lock said.
PAM shares ended Tuesday’s session 3.33 per cent in the green at 46.5 cents.