Pan Asia Metals has identified a significant copper trend at its Rosario Project in Chile, following the latest soil sampling results. The findings indicate an extensive copper target zone measuring 3.6 kilometers in length and 150-250 meters in width along the Rosario East Trend, which is part of the overall project area.
With a market capitalization of $12.12 million, Pan Asia notes that 2.6 kilometers of this promising trend is located within its tenement holdings. Initial results from handheld x-ray fluorescence (XRF) analysis of soil and stream sediment samples are anticipated in the next one to two weeks.
The XRF analysis of soil samples has revealed copper assays of up to 1,928 parts per million (0.19%). Additionally, spot analyses of four rock samples returned copper grades of 17%, 5.3%, 12.2%, and 2.4%. These results reinforce earlier visual assessments of the mineralization potential.
Managing Director Paul Lock expressed optimism about the initial findings, stating they provide a “good indication” of the project’s prospects. He also noted that further results from soil, rock chip, and stream sediment assays are forthcoming, with geophysical data expected later this month. Discussions with drilling contractors are underway as the company prepares for its first-phase reverse circulation drilling program, set to commence by the end of 2024.
The recent geochemical exploration program involved 316 samples—194 soil samples, 100 rock chip samples, and 23 stream sediment samples—aimed at validating and building on previous exploration efforts and enhancing understanding of the project’s mineralization potential.
Located just 10 kilometers north of Codelco’s El Salvador Copper Mine, the Rosario Project is considered “highly prospective” but under-explored, featuring Manto-style mineralization. This type of mineralization is prevalent in northern Chile and has historically contributed to significant copper production. Pan Asia highlights that the largest examples of this deposit style have produced over 200 million tonnes at 1% copper, along with by-product silver.
Pan Asia Metals continues to focus on exploring and developing lithium and copper resources, with projects across Southeast Asia and South America.
