logo-loader
viewAsiamet Resources

Asiamet Resources reports further “excellent” results from drilling program at Beutong copper project

The AIM-listed firm said strong mineralisation has been confirmed, extending beyond the 2014 resource envelope in all holes completed thus far

Copper
Asiamet added that at Beutong East Porphyry, drill hole BEU500-01 confirmed a broad interval of high grade, near surface copper-gold-molybdenum

Asiamet Resources Limited (LON:ARS) has reported further “excellent” results from the current infill and extension drilling program being undertaken at the company's 80%-owned Beutong copper project in Indonesia.

The AIM-listed firm said strong mineralisation has been confirmed, extending beyond the 2014 resource envelope in all holes completed thus far.

WATCH: Asiamet Resources confident of resource boost at 'big beast' Beutong

It added that at Beutong East Porphyry, drill hole BEU500-01 confirmed a broad interval of high grade, near surface copper-gold-molybdenum outside the current resource envelope.

Asiamet said infill drilling confirmed moderate-grade porphyry copper-gold-molybdenum mineralisation along the eastern end of the Beutong West Porphyry, with drill hole BEU1350-01 highlighting the potential for mineralisation to extend easterly into the gap between the east and west porphyry.

It added that copper mineralisation in both BEU500-01 and BEU1350-01 comprises covellite, chalcocite and digenite with minor chalcopyrite, demonstrating that the mineralised zones extend both laterally and at depth. 

The group said both holes were terminated due to rig capacity.

Peter Bird, Asiamet's chief executive officer commented: “Beutong's large copper-gold Resource base, when coupled together with excellent nearby infrastructure (road, power and seaport) and the potential to assess a copper leaching process, as demonstrated by the initial sequential copper assaying results, positions the project as an increasingly rare copper development opportunity.”

He added: “Asiamet looks forward to keeping all stakeholders updated as the drilling and metallurgical test work programs continue over the remainder of 2018."

Quick facts: Asiamet Resources

Price: 3.595 GBX

AIM:ARS
Market: AIM
Market Cap: £39.58 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of Asiamet Resources named herein, including the promotion by the Company of Asiamet Resources in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Asiamet Resources confident of resource boost at 'big beast' Beutong

Peter Bird, chief executive of Asiamet Resources Limited (LON:ARS), tells Proactive's Andrew Scott they've seen further 'excellent' results from the current infill and extension drilling program being undertaken at the company's 80%-owned Beutong copper project in Indonesia. Bird says...

on 8/8/18

2 min read