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Asiamet Resources' scout drilling programme adjudged a success

Asiamet has been drilling at the BKZ poly-metallic prospect located on its Kalimantan Surya Kencana 6th generation contract of work in Central Kalimantan, Indonesia

Mining drill
The initial BKZ scout drilling programme is now complete

Asiamet Resources Limited (LON:ARS, CVE:ARS) continues to intersect thick, near surface high-grade base and precious metal-rich mineralisation while drilling its BKZ prospect in Kalimantan, Indonesia.

The company said visible massive sulphide or vein style mineralisation has been intersected in thirteen of the fourteen holes drilled to date over an area of 225 metres (m) x 100 metres. The deposit remains open in multiple directions, Asiamet added.

BKZ continues to impress, with strong poly-metallic mineralisation occurring in an easterly dipping, north-south trending mineralised domain ranging from 8m to 39m in true thickness.

On top of that – or more accurately, underneath it – high-grade copper mineralisation has recently been intersected immediately beneath the high-grade poly-metallic Zn-Pb-Cu-Ag-Au mineralisation. 

"Results from the initial scout drilling programme completed at the BKZ poly-metallic prospect have been extremely pleasing and have gone a long way towards both advancing the potential for another high-value standalone project in the immediate vicinity of our BFS stage BKM copper project, but also enhancing our belief that Asiamet's KSK Contract of Work has substantial exploration upside potential above and beyond the currently defined BKM copper resource,” said Peter Bird, Asiamet's chief executive officer.

“Following on from the success of our initial step-out exploration we are now moving to commence scout drilling at the Beruang Kanan West (BKW) prospect, which although returning historical high-grade copper in rock and soil samples, has never been drilled to date. We are excited by the potential of the BKW area and looking forward to drill testing another of the multiple highly prospective exploration targets identified within the wider KSK District," he added.

Shares in Asiamet were up 1.8% in afternoon trading in London.

 

Quick facts: Asiamet Resources

Price: 4.15 GBX

AIM:ARS
Market: AIM
Market Cap: £61.18 m
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