Pan Aust extends Laos mineralised zones

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THE DRILL SERGEANT: Pan Aust has claimed drilling results from the company’s Nam San copper‐gold deposit and LCT gold and copper‐gold prospect in Laos have confirmed the Phu Kham district to be a high priority target for exploration and resource development.

 

Phu Kham district. Source: Company announcement

The latest drilling conducted by Pan Aust at the Nam San copper‐gold deposit has extended the lateral continuity of mineralisation to at least 500 metres.

Drilling conducted in one hole intersected:

–    42 metres at 1.71 per cent copper, 0.38 grams per tonne gold and 6 grams per tonne silver from 522 metres, including 12 metres at 2.83 per cent copper and 0.31 grams per tonne gold from 538 metres; and

–    44m at 1.10 per cent copper, 0.28g/t gold and 2g/t silver from 620m.

Pan Aust said it would be increasing drilling at the Nam San deposit over the next six to twelve months with the objective of defining an inaugural inferred mineral resource in the second half of 2012.

The company has commenced conceptual studies to investigate possible portal locations for underground access, mining methods and mining rates.

Aust said the latest drill results have confirmed a continuous zone of primary gold and copper-gold mineralisation with a strike length of 400m with results including:

–    27m at 1.26g/t gold and 4g/t silver from 108m;

–    22m at 3.20g/t gold and 1g/t silver from 139m; and

–    12m at 0.71 per cent copper, 0.70g/t gold and 44g/t silver from 231m.

“Several types of mineralisation are evident at the prospect including gold‐rich quartz‐carbonate vein sets which is overprinted by a later poly‐metallic copper and silver rich massive sulphide and vein type mineralisation,” Pan Aust said in its ASX announcement.

“Step‐out drilling is continuing at LCT, targeting strike extensions of the mineralisation.”

PanAust said it has established a brown‐fields exploration team to investigate potential extensions to the Phu Kham mineral resource envelope.

These including Nam San, and repeats of Phu Kham‐style mineralisation along the corridor which runs at least seven kilometres along strike of the northern boundary of the Phu Kham deposit.