Pan Asia Metals director demonstrates confidence in specialty metal mining strategy with on-market purchase

Pan Asia Metals Ltd (ASX:PAM) non-executive director David Docherty has demonstrated confidence in the company’s specialty metal mining strategy with the purchase of shares in an on-market transaction. On January 7 Docherty acquired 250,000 shares worth a total of $35,000 in an indirect interest, increasing the total number of securities held to more than 21,579,091 shares.   Khao Soon Tungsten Project drilling The company recently intersected tungsten mineralisation over substantial widths in drilling at Than Pho West prospect within the Khao Soon Tungsten Project (KSTP) in southern Thailand. Previous reconnaissance diamond drilling by PAM intersected robust widths and grades associated with strong surface anomalies, from which exploration targets have been estimated. The current drilling program seeks to test these targets with the aim of estimating inferred resources.