Pan Aust reports highest value results April 15, 2005 - 1:44PM Pan Australian Resources Ltd said it has reported the highest value drill intersection to date at its major asset, the Phu Kham copper-gold deposit in Laos. The hole returned a cumulative interval of 280 metres at 1.3 per cent copper and 0.2 grams per tonne of gold (g/t) which started only eight metres from surface. It included a peak interval of 34 metres at 4.6 per cent copper and 0.7 g/t gold. Pan managing director Gary Stafford said the results identified high-grade mineralisation over a significant width from a hole drilled north of the current resource envelope where the deposit remains open. "This is the highest value hole in the history of the project," he said. "We are awaiting assays from holes drilled further north again and that data should be available within the next month. "If those holes come back mineralised it would extend the deposit a further 100 metres."
