- Pan Asia Metals (PAM) intersects more thick pegmatites at the Reung Kiet lithium prospect in Thailand
- The results extend lithium mineralisation at the prospect to one kilometre of strike which remains open to the north, south and at depth
- PAM has now completed 34 diamond holes as part of an ongoing program which aims to complete a mineral resource estimate (MRE)
- The MRE will be included in a scoping study to assess the production of 10,000tpa of lithium carbonate equivalent and associated by-products
- Company shares are up 1.10 per cent to trade at 46 cents at 2:21 pm AEST
Pan Asia Metals (PAM) has received results from three more holes drilled at the Reung Kiet lithium prospect in southwest Thailand.
This prospect is part of the Reung Kiet Lithium Project (RKLP) which is a hard rock lithium project with lithium hosted in lepidolite/mica rich pegmatites.
PAM has now completed 34 diamond holes, for 4856 metres, at the prospect. This drilling is aimed at completing a JORC-compliant mineral resource estimate which will be used as part of a scoping study.
The scoping study will assess the potential initial production of up to 10,000 tonnes per annum of lithium carbonate equivalent (LCE) and associated by-products over a 10-year mine life.
Results from hole RKDD034 include 71.55 metres of composite pegmatite thickness including 24.8 metres of composite pegmatite thickness in 28.7 metres from 173.5 to 202.3 metres.
Interestingly, hand-held XRF analysis of RKDD034 drill core identified elements such as rubidium, caesium and manganese, as well as elevated levels of tin and tantalum, in much of the pegmatite.
RKDD033 returned 31.4 metres of composite pegmatite thickness in 68 metres from 25.15 to 93.15 metres and remains open at depth. Hole RKDD032 returned 6.65 metres of composite pegmatite thickness in 9.1 metres from 98.6 to 107.7 metres and remains open north of the pit and at depth
These new results, as well as previous ones, support the geological model of extensive lithium mineralisation hosted in lepidolite-rich pegmatite dykes
and veins currently defined over one kilometre of strike which remains open.
Managing Director Paul Lock was quite pleased with the results.
“The prospective zone at the Reung Kiet Prospect, which is at least one kilometre long, is now supported by drilling results along the whole trend and the lithium mineralisation remains open to the north and south and at depth on many sections,” he said.
“We are drilling more meters to deliver a larger inaugural mineral resource to support a larger scoping study, and we plan to deliver both in the first quarter of CY22.”
Company shares were up 1.10 per cent to trade at 46 cents at 2:21 pm AEST.