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  1. 4,557 Posts.
    she has hit the news:

    Broad zones in PanAust Thai project

    Mining News Article

    Tuesday, 3 July 2007

    PAN Australian Resources has unexpectedly intersected a previously unidentified zone of copper-gold mineralisation which has delivered wide widths of up to 96 metres at its Puthep project in Thailand.

    The company said one hole was drilled to test the potential dimensions and grade of a skarn unit in the north of the PUT 1 deposit area which had been previously intersected by two other holes.

    However the latest hole intersected a broad zone of porphyry mineralisation that lay adjacent to the skarn and PanAust said it had potential to "significantly" boost the primary resource of the deposit.

    Results from the hole came in at 96m at 0.6% copper and 0.3 grams per tonne gold from a depth of 62m.

    Other results include 62m at 1% copper from 72m and 22m at 0.7% copper from 90m.

    PanAust said its phase one drill program will be completed this month.

    The drill program consisted of 27 holes which were designed to initially evaluate the potential for a primary sulphide mineral resource below the currently identified shallow oxide-transitional mineral resource.

    That resource stands at a total of 84 million tonnes at 0.4% copper.

    PanAust is earning a 51% interest in Puthep from Thai group Padaeng Industry Public by funding the feasibility study.



 
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