Join our daily newsletter At The Bell to receive exclusive market insights
Pan Asia Metals Ltd (ASX:PAM) has nearly tripled the anomalous zone of its KT East Lithium Prospect – now 2.1 kilometres long and 1 kilometre wide – based on soil and rock geochemical work at the RK Lithium Project in Thailand.
The expansion – by 2.8 times (x) – and confirmation of this zone builds on previous trends identified by rock chip sampling, and what has been learned from the presence of pegamtites, which occur in dykes between 7 and 10 metres wide, with some reaching 20 metres in width.
Pan Asia is also considering the potential for open-pit mining from this mineralisation, given the stacked and dipping nature of these pegmatites, with the main zone of this prospect being coherent over a length of 2 kilometres and width of 500 metres, with numerous lepidolite pegmatites.
Also promising is the size and history of the KT East Prospect – whose footprint is bigger than the RK and BT Lithium Prospects combined, and which has experienced extensive tin mining in the north-west prospect area in particular.
Managing Director, Paul Lock, said this work had enabled Pan Asia Metals to build confidence in previous exploration and conceptualisation of the mineralisation here.
“These results cement previous reports that the KT Lithium Prospect is extensive, and confirm that the pegmatite field is approximately 2.1km in length and 1.0km wide, 2.8x that previously reported with most of this captured in the ‘Main Zone’,” he said.
“PAM’s field team will continue with the grid-based soil and rock-chip sampling and geological mapping program, chasing down several areas which remain open to the northwest of the Main Zone and where there is a considerable area of historical tin mine workings.
“There are several walk-up drill targets, and the team will continue to investigate other drill sites, with drilling expected to start later this year.
“KT East is proving to be a substantial addition to the RK Lithium Project, with the KT East Prospect larger than the RK and BT Prospects combined.”
Pan Asia Metals has been trading at 0.1 cent.
