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Battery and critical metals explorer and developer Pan Asia Metals Limited (ASX: PAM) (‘PAM’ or ‘the Company’) is pleased to provide an update for drill holes completed at the Bang I Tum prospect. Drilling results support the geological model applied to the Exploration Target estimate with lithium mineralisation hosted in mica rich pegmatite dykes-veins and adjacent metasediments. The prospective zone is currently defined over a strike length of over 1km and remains open along strike and at depth on many sections.
HIGHLIGHTS
- First assay results received for hole BTDD007 at the Bang I Tum Lithium Prospect.
- Drilling confirms discovery of new pegmatite zones to the east and potentially to the west of the main zone.
- Consistent with the Exploration Target of 8-14Mt @ 0.5-0.8% Li2O, results indicate higher Li2O grades compared to the Reung Kiet Mineral Resource Estimate.1
- In addition to lithium, intersections also contain Sn and Ta mineralisation.
- Visual results for holes (BTDD008-021, assays pending) demonstrate significant extensions of the pegmatite swarm along strike from previous drilling.
- Drilling is ongoing with the aim of reporting a Mineral Resource Estimate for the Bang I Tum Lithium Prospect later in 2023.
- Assay results from the first hole include:
Pan Asia Metals Managing Director said: “Initial assays and visual observations at the Bang I Tum Lithium Prospect are very pleasing, supporting the Exploration Target and indicating new extensions to the mineralised zones. Robust lithium assays have been reported in hole BTDD007. Visual observations in most other holes support and improve our initial expectations for the program. The next batch of assay results is due in June, and we are already drilling holes BTDD022 and 023, meaning we can expect an inaugural Mineral Resource Estimate for Bang I Tum to be reported later this year. Successfully incorporating Bang I Tum into the inventory will boost the scale of our project, making it more attractive as a strategic mineral resource in South East Asia.”
1 The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
The Reung Kiet Lithium Project (‘RKLP’), inclusive of the Bang I Tim prospect is one of PAM’s key assets. RKLP is a hard rock lithium project with lithium hosted in lepidolite/mica rich pegmatites chiefly composed of quartz, albite, lepidolite and muscovite, both lithium bearing micas, with minor cassiterite and tantalite as well as other accessory minerals. Previous open pit mining extracting tin from the weathered pegmatites was conducted into the early 1970’s.
Bang I Tum Lithium Prospect
The Bang I Tum Lithium Prospect (Bang I Tum or BIT), is located about 8km north of the Reung Kiet Lithium Prospect in southern Thailand. At Bang I Tum PAM has estimated a drill supported Exploration Target of 8 to 14 Million tonnes at a grade ranging between 0.5% to 0.8% Li2O (see PAM ASX announcement “Reung Kiet Lithium Project Exploration Target” dated 27 July, 2022). Grades were also estimated for Sn, Ta2O5, Rb, Cs and K, see Table 1.
Table 1. RKLP – Bang I Tum Prospect - Exploration Target, 27 July, 2022
The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Further mapping and soil and rock-chip sampling has significantly increased the exploration potential at Bang I Tum. A new zone, approximately 800m long and 200m wide, is characterized by numerous lepidolite rich alpo-pegmatite dykes and veins that are interpreted to be a westerly extension of the dyke swarm and the existing Exploration Target (see PAM ASX announcement “Bang I Tum – High Grade Lithium Results” dated 24 October, 2022.
Click here for the full ASX Release
This article includes content from Pan Asia Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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