Pan Asia Metals Limited (ASX:PAM) Expands Rosario Copper Project Holdings
Concession Expansion
Pan Asia Metals Limited (ASX:PAM) has successfully lodged additional exploration concession applications at the Rosario Copper Project, increasing its holdings from approximately 25km² to 86km². This expansion captures vital geological prospects and secures corridors for future energy infrastructure, ensuring PAM’s strategic positioning in Chile’s copper mining landscape.
Management Insights
Managing Director Paul Lock stated, “We’re thinking ahead. The first pass geochemical results suggest significant potential at Rosario, particularly in the large copper zone measuring 3.6km long and 150-250m wide.” He highlighted the importance of the new areas in mitigating future challenges related to securing geological zones and energy needs.
Exploration Objectives
The new concession applications serve dual purposes: capturing prospective geological trends and securing essential infrastructure corridors. The northern extensions are located in areas masked by gravel, ensuring the potential for mineralisation in crucial intersecting structures. Additionally, specific zones have been identified for solar energy development and groundwater accessibility.
Future exploration at the Rosario Copper Project will include more detailed geochemical sampling, mapping, and the use of Induced Polarisation geophysics to pinpoint sulphide zone targets, with drilling anticipated to commence shortly.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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