Asiamet Resources Ltd (LON:ARS) is increasingly confident it has found a new stand along polymetallic deposit at its BKZ prospect in Kalimantan, Indonesia.
Assays from the first of a six hole shallow drilling programme were ‘exceptional’ said Peter Bird, chief executive, and consistent with a much larger deposit.
READ: Asiamet Resources drooling over initial BKZ assays
Best of the latest assays was a 30m intercept averaging 8.9% zinc, 2.2% lead, 46 g/t silver and 0.37 g/t gold. This included two high grade zinc sections both 9m wide with a 12% or higher indication.
Asiamet reported similar high grades from a scout hole 50m away last week with 11% zinc over a 23m zone.
“Work undertaken by the company and its predecessor partners to date suggests that the greater BK area represents a polymetallic mineral district covering approximately 10-15 square kilometres, the potential of which is only beginning to see daylight. “
READ: Asiamet hits high grade mineralisation at BKZ, could be standalone orebody
BKZ is located 800m from Asiamet’s flagship, the BKM copper project.
Bird added: “The discovery and delineation of the BKM copper deposit in the past three years and these recent exceptional grade polymetallic results from early drilling at BKZ highlight the potential to multiply the value of the KSK COW [Kalimantan Surya Kencana (KSK) 6th Generation Contract of Work (CoW)], through systematic exploration.”