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Asiamet continues to unearth high grade mineralisation

"We are very pleased that ongoing drilling at BKZ continues to yield highly positive results,” Peter Bird, Asiamet chief executive.
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Drilling is ongoing to delineate copper resources

Asiamet Resources Ltd (LON:ARS) has told investors it has continued to unearth high grade base and precious metal mineralisation at the BKZ project in Kalimantan, Indonesia.

The company, in a statement, noted that the mineralisation has been confirmed over a 300 metre strike length and across 110 metres of width.

Five drill holes have now intersected high grade copper-silver mineralisation, underlying a high grade polymetallic mineralisation. The mineralisation remains open to the south, east, west and down-dip.

The company highlighted that new assays included up to 7.9% copper over 1-metre sample intervals.

Ongoing drilling is now being ‘upgraded’ to be classified as delineation drilling, comprising around 3,500 metres in 30 planned drill holes.

"We are very pleased that ongoing drilling at BKZ continues to yield highly positive results,” Peter Bird, Asiamet chief executive.

“These additional drill holes have further enhanced our understanding of the dimensions and geometry of the mineralised domains to the point where we have decided to progress to the definition drilling stage and establish initial JORC compliant Resources at both the polymetallic mineralisation and the underlying copper-silver mineralisation at BKZ.”

He added: “The footprint of mineralisation at BKZ remains open in all directions and ongoing drilling will continue to concurrently infill and expand the deposit.

“Initial scout drilling has also been completed at BKS and BKW and we look forward to reporting results from drilling on all prospects together with regular updates on the BKM copper project BFS and drilling on our large Beutong Cu-Au porphyry deposit as they become available.”

Bird also told investors that corporate and project financing initiatives are underway, and it is “a busy and exciting” time for the company.

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“Asiamet’s strategy is on the near-term development of BKM and BKZ and then the development of Beutong, which is, in our view, the key asset of most interest, which will place Asiamet as a major copper player”

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