Asiamet Resources Ltd (LON:ARS) continues to make progress with its latest round of drilling at the Beruang Kanan Main copper project in Indonesia, where 37 resource evaluation holes have now been completed, alongside four geotechnical holes, as part of an ongoing bankable feasibility study.
Highlights from the most recent drilling include 19 metres at 1.16% copper, 27 metres at 0.67% copper, 14 metres at 0.81% copper, and three metres at 0.68% copper.
"The additional program of thirty-seven resource evaluation and four geotechnical drilling holes required for the BKM bankable feasibility study have been completed on schedule,” said Asiamet chief executive Peter Bird.
“The results received to date align well with expectations and further strengthen the robustness of our resource models as we move into the final phase of mine and process design to generate an initial ore reserve for the BKM project. Results from the final nine holes will be reported as they become available later this month.”
In afternoon trading, Asiamet shares were 3% higher at 6.85p.
-- Adds share price --