- Recent ASX-lister Pan Asia Metals (PAM) has rounded off drilling at its Khao Soon Tungsten project in Southern Thailand
- All up, 10 holes were drilled for roughly 828 metres at the project's Than Pho West prospect as part of the company's efforts to determine a mineral resource for the project
- Results have been sent to the laboratory for testing, with the company anticipating assay results could be available in the next few weeks
- In the interim, PAM's drill rig has been sent to its neighbouring lithium project where it has identified high-priority drill targets
- Investors responded favourably to the announcement, with PAM shares closing today's session up 11.5 per cent at 14.5 cents each
Recent ASX-lister Pan Asia Metals (PAM) has rounded off drilling at its wholly-owned Khao Soon Tungsten metals project in Southern Thailand.
The explorer drilled 10 holes for 828.2 metres at the Than Pho West prospect as part of the company's efforts towards an estimate inferred resource.
All holes intersected breccia zones in line with PAM's geology model, with shallow dipping geometry confirmed and effectively commencing at the surface.
PAM advises drilling has now been paused at the project as it awaits assay results from the laboratory, which are expected in the next few weeks.
Prior to the current program, PAM says it completed seven widely spaced diamond core holes at TPW and defined near-surface tungsten mineralisation over substantial widths.
An exploration target of four to eight metres at 0.2 to 0.4 per cent tungsten trioxide or, WO3 was announced last year by PAM for Than Pho West, however, a company statement clarified there has been insufficient exploration to estimate a mineral resource at this stage.
Pan Asia Metals Managing Director Paul Lock says the company is making good progress.
"Assays are on their way to the laboratory and we expect to be reporting the first batch of results in the coming weeks," he stated.
The company's drill rig is now being moved to the Reung Kiet Lithium Project — also in Southern Thailand — where it has identified high priority drill targets.
PAM made its ASX debut in October last year.
Investors responded favourably to the announcement, with PAM shares closing today's session up 11.5 per cent at 14.5 cents each.