Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF) has reported high grades from grab samples collected during due diligence site visits to the BKM project area in Central Kalimantan, Indonesia.
Several visits were undertaken to the KSK licence area in recent months by prospective partners or acquirers, said Asiamet, with four surface grab samples collected for confirmatory analysis during one of these visits.
Two samples recorded grades at 24% and 23.3% copper while outcrops contained significant grades of other metals.
Asiamet said the results were consistent with previous surface sampling and reinforced the upside potential of both the BKM and BKZ deposits.
Darryn McClelland, chief executive, said: "The recent due diligence site visits have been very positive with good feedback received from all groups.
"The assay results from these grab samples are outstanding and, specifically for BKM, provide encouragement for the company in the fact that samples of this grade are found at surface.
“Our current mine plan targets mining of high-grade starter pits from the BKM resource delivering high-grade feed early in the life of the project allowing strong ramp-up of copper production.”