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Posted: 2024-09-30 04:13:14

Management says further exploration is continuing along both the RET and the Rosario Central Trend (RCT), where reconnaissance mapping and additional rock-chip sampling are underway. An update on the geochemical work is expected early next week, while results from the IP survey and the geochemical analysis are anticipated later next month.

The company is also progressing some 19 IP geophysical survey lines for about 27 line kilometres. The survey began at the southern end of the RET and continues northward on east-to-west lines spaced about 400m apart. When the IP survey has been completed on the RET, it will progress to the RCT and Rosario West Trend (RWT) before winding up in about a fortnight, with results expected soon after.

Pan Asia is also preparing for its maiden 2500m reverse-circulation (RC) drilling program at Rosario, which is slated to begin in November to target key areas identified through the geophysical and geochemical surveys.

Rosario’s location puts it in the box seat as one of South America’s most strategically situated projects, as it lies about 100km by road from Chilean State mining firm ENAMI’s El Salado oxide and sulphide copper ore processing plant, while Codelco’s Porterillos copper smelter sits just 40km south its El Salvador mine.

Should the promising copper visuals from rock chips be confirmed by the laboratory, the historic prospectivity of the RET will be compulsive. In conjunction with the soon-to-be-received IP targets, it should help point Pan Asia’s drill bit in the right direction for its upcoming maiden program in November.

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