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Asiamet continues to return attractive copper grades from ongoing drilling work at BKM

The work is part of an ongoing bankable feasibility study

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The project already boasts a significant copper resource

Asiamet Resources LTD (LON:ARS) is continuing to intersect broad intervals of copper mineralisation with high-grade intervals in ongoing drilling at its Beruang Kanan Main project (BKM) in Indonesia.

The drilling comprises part of the ongoing bankable feasibility study on the project.

WATCH: Asiamet opens the data room to potential partners for its BKM project

A total of 35 holes for 4,898 metres of diamond core drilling have now been completed with five holes, including four geotechnical holes, currently in progress. 

Highlights include 34.75 metres at 0.94% copper, 74.8 metres at 0.43% copper, 33.00 metres at 0.61% copper and 49.50 metres at 0.55% copper.

"Along with these most recent results, Asiamet is pleased to report the drilling programme to enhance geological and geotechnical inputs into the BKM BFS open pit mine design has been progressing extremely well,” said chief executive Peter Bird.

“In line with expectations, wide intervals of shallow high-grade mineralisation have reported in the north of the planned pit shell while moderate intervals of medium grade copper mineralisation have been intersected in the south. Mineralisation continues from the surface to depth in the northern part of the proposed pit and infill drilling highlighted potential for modest extensions around the southern margin of the deposit.

Data collected from this limited drilling combined with a rework of the pit design aims to upgrade and capture inferred resources currently sitting inside and on the edges of the pit shells into the mine plan." 

 

Quick facts: Asiamet Resources

Price: 1.85 GBX

AIM:ARS
Market: AIM
Market Cap: £17.16 m
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