Pan Asia Metals (ASX:PAM) reports recent drilling has delivered ‘strong’ lithium and tin results at the Bang I Tum lithium prospect, located 8km north of the Reung Kiet Lithium Project in Thailand.
The $38.11 million market capitalisation company reports new drillholes BTDD0019 – BTDD0025 demonstrate continuity and extensions of the pegmatite dyke-vein swarm at the BT prospect.
Recent drill results suggest the pegmatite dyke-vein swarm target is over 300m wide in the central and northern portions of the prospect.
Pan Asia reports drillhole MTDD019 intersected an aggregate mineralised width of 40.8m @ 0.48% lithium oxide (Li2O) from 18.25m to 148m. This included several pegmatite dykes up to 18m wide.
Drill results also confirmed new lithium pegmatite zone discovery west of the main lithium zone with lithium pegmatites intersected down-dip of rock chips and soil at surface with elevated lithium.
The company says the results returned are generally in line with the geological model applied to the exploration target estimate with lithium, tin, and tantalum mineralisation, hosted in pegmatite dyke-veins and adjacent to metasediments.
Commenting on the drill results, Pan Asia Metals Managing Director Paul Lock says: “We are making good progress with our drilling at the BT lithium prospect, with 3 diamond rigs operating; we are on track to deliver an inaugural Mineral Resource Estimate later this year.
This will be followed up with a preliminary feasibility study and lodgement of mining licence applications either late this year or early next year.
The results today are very good as they demonstrate extensions of the pegmatite dyke swarm, confirm a new lithium pegmatite discovery west of the main lithium zone, and further extensions of the main zone, which is confirmed at up to 300m in width.”
Pan Asia says it will continue drilling at BT, with the aim of reporting a mineral resource later in the year.
Additional holes are planned for dispatch to the ALS laboratory shortly, with all results expected to be reported as they become available.
Pan Asia Metals is a battery minerals focused company, with lithium assets in Southeast Asia and South America, and agreements with key battery and chemical producers in the Asian region to produce advanced battery chemicals.
The company recently raised $1.265 million, as announced on 3 August 2023.
Write to Aaliyah Rogan at Mining.com.au
Images: Pan Asia Metals
