Pan Asia Metals confirms discovery of new pegmatite zones at Reung Kiet Lithium Project, Thailand

Pan Asia Metals (ASX:PAM) reports new drilling results continue to support the geological model of the Bang I Tum prospect within its Reung Kiet Lithium Project in Thailand.

The company says visual results for holes BTDD022 to BTD025 continue to demonstrate ‘substantial’ extensions of the pegmatite dyke swarm at Bang I Tum and indicate a pegmatite dyke-vein swarm over 300m wide in the northern portion of the project.

Additionally, this drilling has confirmed a new pegmatite zone to the west of the main zone, with pegmatites intersected down-dip of elevated lithium in rock chips and soils at surface.

Pan Asia also reports the drilling has confirmed further northern extensions of the main zone associated with elevated lithium in rock chips and soils at surface.

The company says the geometry of the pegmatites is consistent with the geological interpretation for the current exploration target of 8-14 million tonnes @ 0.5-0.8% Li2O. An updated exploration target estimate is currently being prepared and will include the new Western Zone.

Additionally, drilling is continuing to evaluate the existing exploration target and adjacent zones with the aim of estimating a new mineral resource by the end of 2023.

Pan Asia is currently drilling holes BTDD026 and BTD027, while samples from holes BTDD008 to BTDD018 are with the laboratory, with assay results to be reported as they become available in late June to early July.

Along with ongoing drilling, the company is also preparing metallurgical samples derived from drill core. These samples will undergo comminution and beneficiation testwork to produce a lithium mica concentrate.

Pan Asia will be presenting tomorrow (22 June 2023) at the 2023 Gold Coast Investment Showcase.

Commenting on the results, Pan Asia Metals Managing Director Paul Lock says: “Visual observations in the drilling to date show substantial extensions to the mineralised zone, with the pegmatite dyke swarm over 300m in width in certain areas.

Assay results to date are very encouraging, as are visual observations”

In comparison, Reung Kiet has a dyke swarm width of about 100m at the southern end of that prospect. Assay results to date are very encouraging, as are visual observations.

Drilling continues, and we are currently considering a third rig — a decision will be made with a third-quarter start in mind. Overall, we are very pleased with the results at Bang I Tum; the prospect is shaping up well.”

Pan Asia Metals is a Singapore-based battery and critical metals explorer and developer focused on developing its Reung Kiet Lithium Project in Thailand.

Reung Kiet is a lepidolite-style lithium project that lies about 70km northeast of Phuket in the Phang Nga Province of southern Thailand. Additionally, the company holds the Kata Thong Lithium and Khao Soon Tungsten projects in Thailand.

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Images: Pan Asia Metals Ltd
Written By Harry Mulholland
Hailing from the Central Coast region of NSW, Harry is a passionate journalist with a background in print, radio and ESG news. When not bashing away on his keyboard, he can be found brewing a coffee or playing with his dog.