Pan Asia Metals is gearing up for the first phase of a reverse circulation drilling program at its Rosario Copper Project in Chile, following the successful completion of an initial fieldwork program.
The company, which has a market capitalization of $11.33 million, is currently in discussions with contractors and aims to commence drilling in November 2024.
Drilling targets will be prioritized based on the analysis of geochemical and induced polarization results. This development follows Pan Asia’s completion of a geochemical exploration program at Rosario, which involved the collection of 316 samples.
The exploration program has shown promising signs, with strong visual copper indications identified in many samples, featuring visible green and blue secondary copper minerals.
Managing Director Paul Lock noted that the initial findings from the fieldwork provide “compelling” support for the efforts made by previous explorers, highlighting the project’s potential for further development.
