Pan Asia Metals Rock Chips Encouraging Copper Results at Rosario
THE DRILL SERGEANT: Pan Asia Metals (ASX: PAM) reported rock chip sample results from the company’s Rosario copper project in Chile.
Pan Asia Metals carried out a program of geochemical exploration at the Rosario copper project collecting a total of 316 samples, including 193 soil samples, 100 rock-chip samples and 23 stream sediment samples.
The company explained the objective of the rock chip sampling program was to verify, and follow-up work conducted by previous explorers, and develop a better understanding of mineralisation potential of the Rosario project more broadly.
Rock chip results of up to 8.9 per cent copper, with silver to 50ppm were achieved.
More than 50 per cent of the rock chips collected displayed copper values in excess of 0.1 per cent copper, with an average grade of 2.06 per cent copper and 12ppm silver.
In addition, 33 per cent of rock chips produced copper values in excess of 0.75 per cent copper, with an average grade of 3.15 per cent copper and 18ppm silver.
“With grades up to 8.9 per cent copper and 33/100 averaging 3.15 per cent copper with a 0.75 per cent copper cutoff, the rock chip results are compelling and support the work conducted by previous explorers,” Pan Asia Metals managing director Paul Lock said in the company’s ASX announcement.
“The program yielded many rock chip samples with elevated copper values inherently associated with observed green (malachite) and blue (chrysocolla) secondary copper minerals as well as local copper sulphides.
“The recently reported expansion of PAM’s holdings at Rosario, with an additional approx. 61 square kilometres in applications, positions PAM to capture extensions of the high grade trends at Rosario.”
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