Battery and critical metals explorer and developer, Pan Asia Metals Limited (ASX: PAM), has reported encouraging results for new drill holes at the Bang I Tum prospect. The drilling confirms the discovery of new pegmatite zones to the west of the main zone, as well as further northern extensions of the main zone.
The results indicate that the pegmatite dyke-vein swarm is over 300m wide in the northern portion, which is significant considering that the Reung Kiet Lithium Project has a dyke swarm width of about 100m at the southern end of that Prospect. The geometries of the pegmatites are consistent with the geological interpretation for the current Exploration Target of 8-14Mt @ 0.5-0.8% Li2O. The company is preparing an updated Exploration Target estimate to include the new Western Zone. Drilling is ongoing, and the company aims to report a Mineral Resource Estimate for the Bang I Tum Lithium Prospect later in 2023.
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