Pan Asia Metals has announced a significant expansion of its landholding at the Rosario copper project in the Atacama region of northern Chile. The company has submitted 26 exploration concession applications covering approximately 61 square kilometers, which, upon approval, will increase the project’s total landholding to 86 square kilometers.
This strategic move aims to capitalize on the project’s significant exploration potential and secure critical infrastructure corridors for future development. The new concession areas are strategically located along the northern strike extensions of the Rosario Central and Rosario West trends, which are considered highly prospective for mineralization.
Pan Asia Metals believes that these areas, which are currently covered by gravel, have the potential to host significant copper mineralization, particularly where cross-cutting structures intersect the main geological trends.
Pan Asia Metals managing director Paul Lock said: “The new application areas capture important geology as well as corridors and zones for future energy needs, and large areas of deep alluvial gravels with potential for water. Aside from the additional prospective geology, these concession applications mitigate the time and cost risk to secure these zones at a later date, when your neighbours know you need it.”
The company is committed to responsible mining practices and will continue to explore and develop its projects in Chile while adhering to strict environmental and social standards.