Asiamet Resources Limited (LON:ARS) said systematic mapping and rock chip sampling was recently completed in the northern part of the Beruang Kanan West (BKW) prospect in Central Kalimantan, Indonesia, which showed "significant potential" for the discovery of additional copper mineralisation.
BKW is located approximately 1km west of Asiamet's core Beruang Kanan Main (BKM) Copper Project where bankable feasibility studies are well advanced.
The AIM-listed firm said results received to date at BKW confirm a copper in soil anomaly in the northern part of BKW.
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It said highlights from the recent work included a rock grab which assayed 26.1% copper and 57.1 grammes/tonnes of silver.
Asiamet said the discovery of the copper sulphide bearing outcrops within a zone of mineralised quartz veins covers 600m x 150m in the northern part of BKW and overlaps with a small portion of the broad copper in soil anomaly delineated at BKW.
It pointed out that the location and style of the BKW mineralisation is similar to that identified at BKM and represents a priority target for drill testing.
The group said its geologists will soon commence mapping and sampling the largest and strongest copper in soil anomaly at BKW, with the goal of defining near surface copper mineralisation for immediate drill testing.
Significant potential for discovery of additional copper mineralisation
Peter Bird, Asiamet's chief executive officer said: "Over the past three years the team at Asiamet have rapidly advanced a new copper discovery at BKM from early exploration through to feasibility stage.
“Looking forward we are now focused on completing the feasibility study with the objective of then moving this asset through to the development phase.”
He added: “These recent results from the northern part of BKW coupled with the fact that the mineralisation is similar in style to BKM highlights the significant potential for the discovery of additional copper mineralisation that exists in the greater BK area.”