Pan Asia Metals Announces Significant Expansion of Anomalous Zone at KT East Lithium Prospect
PAN ASIA METALS LIMITED (PAM) Share Update August 2024 Sunday 11th
Pan Asia Metals Expands Anomalous Zone at KT East Lithium Prospect
Pan Asia Metals Limited (ASX: PAM) has reported a substantial increase in the anomalous zone at its KT East Lithium Prospect, enhancing the potential of this key project.
Instant Summary:
- Anomalous zone expanded by 2.8 times to 2.1 km long and 1.0 km wide.
- Presence of stacked pegmatites with individual dykes 7-10m wide and up to 20m wide.
- KT East prospect larger than RK and BT Lithium Prospects combined.
- Ongoing extensional sampling, detailed mapping, and rock-chip sampling.
- Preliminary drill sites identified, with drilling scheduled for later this year.
Expansion of Anomalous Zone
Pan Asia Metals Limited (ASX: PAM) has announced that recent soil and rock-chip sampling at the KT East Lithium Prospect has significantly expanded the anomalous zone. The zone now measures approximately 2.1 km in length and 1.0 km in width, a 2.8-fold increase from previous reports.
The anomalous zone confirms and enhances previous rock-chip defined trends and the presence of mapped pegmatites. Many individual dykes within this zone are 7-10m wide, with some reaching up to 20m wide. The pegmatites are stacked and dip moderately, suggesting that KT East is likely amenable to open pit mining.
Comparison with Other Prospects
The KT East prospect now has a larger footprint than the RK and BT Lithium Prospects combined. The north-western area of the prospect is associated with extensive historic tin mining, adding to its potential value.
Extensional sampling, detailed mapping, and rock-chip sampling around the Main Zone are ongoing. Preliminary drill sites have been identified, and drilling is scheduled to commence later this year.
Field Work and Sampling
PAM's field team continues to deliver strong results from the KT East Lithium Prospect. The recent soil and rock-chip sampling programs have identified additional prospective zones, further expanding the potential of this prospect.
The results indicate that the pegmatite field occurs over a strike length of approximately 2.1 km and a width of approximately 1.0 km. The large coherent Main Zone is approximately 2.0 km long and up to 500m wide, containing numerous zones of lepidolite pegmatites.
Future Plans
The pegmatite dyke swarm remains open in several areas where additional sampling is planned. Along with the extensive soil anomalies, additional pegmatites or extensions to previously mapped pegmatites have been discovered, with rock-chips grading up to 1.93% Li2O mod reported.
The expansion of the anomalous zone at KT East significantly enhances the potential of the RK Lithium Project. This development could positively impact Pan Asia Metals' stock as it demonstrates the company's ability to identify and expand valuable lithium resources. The potential for open pit mining and the larger footprint compared to other prospects further adds to its attractiveness.
Investor Reaction:
Analysts are likely to view this announcement positively, given the substantial increase in the anomalous zone and the potential for open pit mining. The ongoing exploration and upcoming drilling activities are expected to generate further interest and confidence among investors.
Conclusion:
Investors should keep an eye on Pan Asia Metals' progress at the KT East Lithium Prospect, especially with drilling scheduled for later this year. The significant expansion of the anomalous zone and the potential for open pit mining make this a compelling opportunity in the lithium market.