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Asiamet delivers more strong copper intercepts at BKM

Asiamet has delivered further good copper intercepts at BKM

Asiamet hopes to develop BKM into a significant producer of copper

Asiamet Resources Limited (LON:ARS) has reported further wide intervals of copper at its Beruang Kanan Main project in Indonesia.

The project is currently the subject of a feasibility study.

A total 67 holes for 6,750 meters of diamond core drilling have now been completed and one hole is currently in progress. A further 51 holes for 4,250 meters are planned.

Among the better recent results were 104 meters at 0.83% copper, 15 meters at 0.66% copper, and 60 meters at 0.51% copper.

In addition, infill holes drilled on the north-eastern end of the BK044 Zone showed strong mineralization continuing just below the zone of oxidation in each drill hole, with individual one meter intervals returning up to 10.1% copper in one hole and 4.8% copper in another.

These results confirm wider than expected, near surface, moderate to high grade copper mineralization approximately 175 meters in width on the northern end of the BK044 zone.  

"These are some of the best intersections we have seen to date at BKM with greater thicknesses of mineralization than anticipated in several areas and excellent continuity of copper grade across the deposit,” said Asiamet chief executive Tony Manini.

“Overall the feasibility study on BKM is making excellent progress and with the recent capital raising now complete we are in a strong position to maintain the momentum at a time when the copper price is in the early stages of recovery.”


Quick facts: Asiamet Resources

Price: 4.15 GBX

Market: AIM
Market Cap: £61.18 m

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on 8/8/18

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