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Pan Asia Metals Limited: actively drilling at three projects

Published: 04:12 29 Jan 2021 AEDT

Pan Asia Metals Ltd -

Pan Asia Metals Limited's (ASX:PAM) is now well into the swing of public company life, with its shares having been traded on the ASX for four months.

Following the completion of the initial public offering (IPO), Pan Asia wasted no time in commencing drilling at its Khao Soon Tungsten Project, located in Thailand.

The first phase of drilling was to test a number of induced polarisation (IP) targets associated with strong tungsten anomalies that were located in proximity to areas of defined tungsten mineralisation. Ten holes have been completed at the Than Pho West Prospect totalling 828.2 metres (m), all of which intersected breccia zones confirming the company’s geological model for the area.

Initial spot hand-held XRF analysis of the core has indicated the presence of tungsten mineralisation over significant intercepts but assay results are required before the success of the drill programme can be fully assessed. These assay results are likely to be received during the first quarter of this year.

Following the completion of drilling at Khao Soon, the company’s drill rig was transported to Pan Asia’s Bang I Tum Lithium Project, to target lithium-bearing pegmatites up to 25m wide and associated dykes below an old pit that was previously mined for tin.

The rig then moved on to the company’s other lithium project, Reung Kiet, where drilling will target lepidolite rich pegmatites that were identified by the company in previous trenching programmes. Assay results from both the lithium projects are likely to be returned before the end of the first half of 2021, so there will be plenty of news flow from the company during the first half of the year.

Looking out to the second half of the year we can probably expect another follow-up drill programme at Khao Soon, consisting of infill and extension drilling along strike and at depth. With the potential for additional drilling at its lithium projects. Depending on the results of these drill programmes, the company is targeting to have maiden resource estimates at two projects and hopes to be commencing work on scoping studies for the projects late in the year.

In addition to this extensive exploration programme, Pan Asia continues to assess a number of potential acquisitions located in the Southeast Asia Region to build on its portfolio.

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