Pan Asia Metals Limited (ASX: PAM) Begins Geophysical Exploration at Rosario Copper Project

Key Highlights:

• Quantec Geoscience initiates Induced Polarisation (IP) geophysics program at Rosario Copper Project in Chile.
• Focus on historical Salvadora and Royal copper mines for sub-surface copper mineralisation.
• First-ever IP survey in the area, located near the renowned El Salvador Copper Mine.
• Mr. Paul Lock, Managing Director, expresses high confidence in the program’s success.
• Preparation underway for a 2500m RC drilling program to commence in November 2024.

Pan Asia Metals Commences Geophysical Survey at Rosario Copper Project in Chile

Pan Asia Metals Limited (ASX: PAM) has launched a significant milestone in its exploration journey with the start of the Induced Polarisation (IP) geophysical survey at its Rosario Copper Project, Chile. The survey, led by Quantec Geoscience, is the first of its kind conducted at Rosario and will focus on the Salvadora and Royal copper mines, which historically produced high-grade copper. This exploration initiative is aimed at detecting sub-surface conductors that could indicate fresh copper mineralisation, setting the stage for a deeper understanding of the project's potential.

Targeting Copper-Rich Zones

Quantec Geoscience’s IP survey is the first crucial step in a series of planned exploration activities at Rosario. The survey will initially cover the Rosario East Trend (RET), home to the Salvadora and Royal mines, and will later extend to the Rosario Central (RCT) and Rosario West trends (RWT). Quantec will employ Direct Current Induced Polarisation (DCIP) using the Pole-Dipole Array (P-DP Array), which offers high-resolution resistivity and chargeability imaging up to 300 meters below the surface. The program includes 19 IP lines, covering a total of 27 line kilometers, providing comprehensive data to guide drill targeting.

Paul Lock, Managing Director of Pan Asia Metals, expressed his confidence in the survey, stating:
"Given the presence of small-scale historical mines, high-grade rock chip and channel samples, and Rosario’s proximity to the famous El Salvador Mine, we have a high level of confidence that the IP survey will produce interesting results. The IP survey will be closely followed by an inaugural drill program, and of further appeal is the fact that access is very good."

Geochemical Exploration Underway

The IP survey is being complemented by geochemical exploration led by David Hobby, Pan Asia’s Chief Geologist. This stage of the project aims to enhance the understanding of the mineralisation and structural controls across the Rosario Project. The integration of geochemical data with the geophysical results will be crucial in identifying drill targets.

Preparing for RC Drilling

The next major phase of exploration is already in the pipeline. Pan Asia Metals has engaged with several drilling companies in Chile and plans to initiate a 2,500m Reverse Circulation (RC) drilling program in November 2024. The primary objective of this drilling is to test targets identified by the IP survey, further delineating the extent and quality of copper mineralisation within the project.

Strategic Location and Infrastructure Advantage

The Rosario Copper Project is strategically located 10km north of Codelco’s El Salvador Mine and 100km from Enami’s El Salado Copper Processing Plant. The project’s proximity to major mining infrastructure in Chile’s Atacama region provides a significant logistical advantage, enabling efficient access to essential services and facilities.

Pan Asia Metals Limited’s progress at the Rosario Copper Project underscores its dedication to unlocking the potential of critical metal resources. With a strategic exploration plan in motion—featuring the first-ever IP survey at the site and upcoming drilling activities—Rosario is positioned to emerge as a significant contributor to South America's thriving copper sector.

As of September 27th, 2024, $PAM shares (ASX: PAM) are trading at A$0.054.