Sign up Canada
Proactive Investors - Run By Investors For Investors

Asiamet finds high grades at its Indonesia copper project

Results have confirmed high-grade, near-surface mineralisation at Asiamet's BEP project in Indonesia, which may be amenable to heap leaching.
Standard mineral drill rig
Results indicate high-grade copper minerals may have heap leaching potential

Asiamet Resources Ltd (LON:ARS) said on Monday that drilling has intercepted high-grade copper mineralisation at its 40%-owned Beutong East Porphyry project in Indonesia.

Assay results from the first diamond drill hole of 2018 at the project confirmed up to 1.6% of copper over two-metre sample intervals near surface.

Drilling at the hole, BEU0900-06, had to end prematurely due to defective drill rods but delivered high-grade copper mineralisation with the final 2.9 metres interval assaying 1.2% copper and 0.18 grams per tonne gold and 203 parts per million molybdenum.

The company said the assay results indicate that copper minerals in the BEP deposit are potentially amenable to heap leaching.

READ: Monumental year in store for Asiamet

WATCH: Steve Hughes on grades at BKM 

Phase 1 metallurgical test work will be carried out to determine the leachability of the copper species in the BEP.

 Proposed programmes include agitated leach and bottle roll tests, followed by column test work if needed.

"We are excited that drill hole BEU0900-06 successfully reaffirmed high-grade near-surface mineralisation and the first ever sequential assay data confirms soluble copper species within the BEP,” said chief executive Peter Bird.

“This initial data provides further justification to evaluate if a potential heap leach SX-EW process is the more suitable processing route to evaluate for the BEP deposit in the early stage of operation. “

Results pending for second hole

A second short metallurgical hole was completed to obtain enough material for the Phase 1 test work and assays results are pending.  

The rig has moved 75 metres north is drilling a third hole across the orebody to a proposed depth of 675 metres.

“The company has strategically positioned itself with an attractive pipeline of copper growth projects in a rising copper market, and we expect strong news flow throughout 2018,” said Bird.

“We will continue to explore and develop the porphyry and skarn projects at Beutong, including planned metallurgy and geotechnical activities and further extension/evaluation drilling of the known mineralised domains.”

The company remains on track to complete its bankable feasibility study at the BKM copper project by mid-year and to further develop the BKZ Polymetallic project.

View full ARS profile View Profile

Asiamet Resources Timeline

Related Articles

September 17 2018
Exploration is ongoing across a swathe of attractive properties in Nevada
copper symbol
“Asiamet’s strategy is on the near-term development of BKM and BKZ and then the development of Beutong, which is, in our view, the key asset of most interest, which will place Asiamet as a major copper player”

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use