Pan Asia Li projects Thailand

Pan Asia begins diamond drilling with hopes of ushering in maiden MRE at Bang I Tum in late 2023

Pan Asia Metals (ASX:PAM) has begun diamond drilling (DD) at the Bang I Tum prospect within its Reung Kiet Lithium Project in Thailand. 

Pan Asia hopes it will deliver a maiden Mineral Resource Estimate (MRE) in late 2023 on the back of the drilling campaign. 

The company says the first 2 holes being drilled will focus on testing the exploration target, as well as a new extended target zone which was identified by the company on 24 October 2022. 

Pan Asia notes this new extended target zone is located adjacent to the current exploration target zone and has a footprint about twice the size of the current exploration target zone. This zone is interpreted as a 800m long and 200m wide lepidolite-rich pegmatite dyke and vein swarm. 

The ‘extensive’ drilling program will also comprise a metallurgical testwork program to evaluate the mineralisation at Bang I Tum, as well as additional follow-up sampling and mapping to further refine, and potentially expand the prospective zone to the south.    

Drilling is expected to take 6 months to complete. 

Pan Asia Thailand assets

Commenting on the start of drilling, Pan Asia Metals Managing Director Paul Lock says: “Commencement of drilling at the BIT Lithium prospect is an important milestone. Following our rock-chip and soil sampling program that identified a new and highly prospective zone adjacent to the BIT exploration target zone, we are excited to begin drilling which we expect to result in our maiden mineral resource at BIT.

“…we are excited to begin drilling which we expect to result in our maiden mineral resource at BIT”

2023 will be an active year for the company at our Reung Kiet Lithium Project, with a drilling program just finished at our Reung Kiet prospect and this new drilling program beginning at the Bang I Tum prospect.”

Pan Asia Metals also notes hole BTDD007 and 008 are currently underway, with hole BTDD007 having already intersected a new zone of lepidolite bearing pegmatite from 30.9m. 

In addition, the company reports it is fully funded to pursue its work programs at the Bang I Tum and Reung Kiet prospects following a private placement undertaken in January 2023, which rewarded Pan Asia with up to $4.5 million. 

With drilling now underway, Pan Asia Metals announces additional followup sampling and mapping is planned to further refine and potentially expand the prospective zones at the Bang I Tum prospect. 

Pan Asia Metals is an ASX-listed battery and critical metals exploration and development company focused on the identification and development of projects in Asia and elsewhere that have potential to position the company to produce metal compounds and other value-added products in high demand. 

The company’s Reung Kiet project represents a lepidolite-style project considered prospective for lithium mineralisation situated about 70km northeast of the city of Phuket in southern Thailand’s Phang Nga Province. The project comprises 3 contiguous special prospecting licences and 1 exclusive prospecting licence covering about 40km-square, with all associated tenements being wholly owned by Pan Asia. 

Images: Pan Asia Metals Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.