Pan Asia Metals (ASX:PAM) is seeking to determine the size of the Rosario East Trend through a geochemical program at the Rosario Copper Project in Chile.
The program, which began late last week, will support previous results with many samples containing visible green malachite, a secondary copper mineral.
Analytical results from the program, as well as report results from an induced polarisation (IP) survey are expected to be returned late next month.
Managing Director Paul Lock says exploration results to date are supportive of previously conducted work, with strong visuals.
“The presence of small scale historical mines, and the proximity of the El Salvador copper mine, provide a high-level of confidence in the project,” he says.
Pan Asia Metals, which has a market capitalisation of $10.8 million, says rock chip sampling is also being conducted from outcrops and pre-existing dozer rip lines.
The company also states that outcrop is “decent around the old mines and in prospecting puts or other excavations”.
As of today (30 September), 193 soil samples and 32 rock chip samples have been collected along the east trend, where rock chip sampling by previous explorers yielded several results between 1% and 5% copper.
Pan Asia adds that work is continuing along the east and central trends within the project, with rock chip sampling and reconnaissance geological mapping. It expects to update the market on the progress of this work early next week.
The company has also been in contact with drilling companies in Chile and is preparing a first phase 2,500m reverse circulation drilling program. This program is expected to begin in November.
Pan Asia Metals is a battery metals-focused explorer with lithium and copper projects located in South-East Asia and South America.
Write to Aaliyah Rogan at Mining.com.au
Images: Pan Asia Metals
