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Pan Asia Metals advances diamond drilling at Thai tungsten project

The company plans to expand on four previously tested prospects and has also started testing six other prospects with the intention of defining a mineral resource estimate in the near term.

Pan Asia Metals Ltd - Pan Asia Metals advances diamond drilling at Thai tungsten project
DrillCorp setting up for hole KSDD026 at Khao Soon Tungsten Project.

Pan Asia Metals Ltd (ASX:PAM) is making strong progress with its maiden drilling program at Khao Soon Tungsten Project (KSTP) in southern Thailand.

Close-spaced spot hand-held XRF analysis of drill core returns have elevated the possibility of intersecting tungsten at the project.

Interpretation of the core suggests that a 4-metre thick higher-grade zone of 0.5%-0.6% tungsten trioxide is present at the site.

KSTP is PAM’s key asset and a significant historical producer, and recent exploration has revealed potentially district-scale tungsten mineralisation across numerous prospects.

Large drill-supported exploration target

PAM managing director Paul Lock said: “The Khao Soon Tungsten Project is a potentially world-class project and one of few in the global peer group which has the geography, scale, and grade potential required to be developed at low cost.

“PAM’s plan is to expand on four previously tested prospects and start testing the other six prospects with the objective of defining a mineral resource in the near term.

“PAM already has a very large drill-supported exploration target of 15-29 million tonnes at 0.2-0.4% tungsten trioxide, placing PAM in a peer group-leading position in the world’s most critical metal.

“With the definition of a mineral resource, PAM will be one step closer to its goal of delivering value-added chemicals such as Ammonium Para-tungstate (APT) into the South East Asian industrial sectors.

“Very few tungsten explorers and/or developers are in this position.”

Drilling progress

The company has already drilled three diamond core holes and the fourth is in progress.

Reconnaissance diamond drilling by PAM has intersected robust widths and grades associated with strong surface anomalies, from which exploration targets have been estimated.

PAM has started drilling at the Target 2 Prospect (T2), which is defined by a large high tenor, tungsten in soil anomaly about 450 metres long and 150 metres wide.

Shallow drilling by previous explorers intersected tungsten mineralised laterite on the western side of the soil anomaly.

Next steps

The company is continuing with its drilling program at T2 and has planned more holes to test for strike and depth extensions of the mineralised zone associated with the soil anomaly.

PAM geologists are logging the drill core, which is being sampled and will be dispatched for laboratory analysis in the near term with results expected in late November.

Following the completion of initial drilling at T2, PAM intends to conduct further drilling to evaluate the exploration targets defined at several prospects within the Khao Soon project area.

This will include both infill drilling and extensional drilling along strike and at depth.

There are several Induced Polarisation targets, where the company is also planning to carry out drill testing.

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ASX:PAM
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