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Asiamet delivers final assay results from BKM drilling, ahead of bankable study due in May

Chief executive Peter Bird said that the company's confidence in BKM had been "upgraded"

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Copper is the bellwether metal for the global economy

Asiamet Resources LTD (LON:ARS) has reported its final assay results from additional infill drilling completed as part of the ongoing bankable feasibility study for the Beruang Kanan Main copper deposit in Central Kalimantan, Indonesia.  

The infill drilling programme commenced in November 2018, with the aim of optimising the mine design and improving the overall economics and robustness of the bankable study.

READ: Asiamet Resources burnishing exciting copper and polymetallic projects in Indonesia

A total of 37 resource evaluation holes and four geotechnical holes for 5,665 metres of diamond core drilling were completed.

Among the highlights were 13 metres at 1.42% copper from 12 metres, 90 metres at 1.08% copper from 43.5 metres, and 10.65 metres at 1.09% copper from 72.15 metres.

"The results of the resource evaluation drilling programme have upgraded our level of confidence in the BKM resource model and indicate that copper mineralisation remains open to the south and north-east area of the deposit,” said chief executive Peter Bird.

The aim is to deliver the bankable study for the BKM project by the end of May 2019.

Quick facts: Asiamet Resources

Price: 2.55 GBX

AIM:ARS
Market: AIM
Market Cap: £23.66 m
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Asiamet Resources announces maiden resource for BKZ deposit

Steve Hughes, VP of exploration for Asiamet Resources Ltd (LON:ARS), discusses with Proactive's Andrew Scott the maiden mineral resource estimate for the BKZ polymetallic deposit in Kalimantan, Indonesia. The initial Mineral Resource Estimate is subdivided into the BKZ upper polymetallic...

on 05/16/2018

2 min read