Asiamet has confirmed that the Company continues to intersect thick, near surface high-grade base and precious metal-rich mineralisation at the BKZ Polymetallic prospect located on its Kalimantan Surya Kencana 6th Generation Contract of Work, in Central Kalimantan, Indonesia.
Highlights of the latest batch of drill results received include:
- 26.3m at 6.3% zinc, 2.2% lead, 33.6g/t silver and 0.33g/t gold (from 1.7m)
- Including 7.0m at 10.8% zinc, 4.7% lead, 56.1g/t silver, 0.45g/t gold (from 3m)
- Including 5.0m at 10.3% zinc, 2.8% lead, 36.6g/t Silver, 0.37g/t gold (from 20m)
- 7.0m at 3.6% zinc, 0.94% lead and 22.5g/t silver (from 41.0m)
- 8.4m at 1.3% copper (from 108.0m)
- Including 3.0m at 2.7% copper (from 110.0m)
- 14.0m at 2.7% zinc, 1.2% lead and 54.6g/t silver (from 54.0m)
The Company said that the initial BKZ scout drilling programme is now complete, comprising a total of 14 holes for 1,354 metres of diamond core drilling. The drill rig is now being moved to the Beruang Kanan West ("BKW") prospect to test multiple copper mineralised sheeted vein zones with associated wide spread alteration similar to BKM occurring over a 2.5 square kilometre area. Three well defined copper in soil anomalies occur coincident with these sheeted vein zones, the largest measuring 1.7km x 1km (refer ARS Press Release February 23, 2017).
Peter Bird, Asiamet's Chief Executive Officer commented:
"Results from the initial scout drilling programme completed at the BKZ polymetallic prospect have been extremely pleasing and have gone a long way towards both advancing the potential for another high-value standalone project in the immediate vicinity of our BFS stage BKM copper project, but also enhancing our belief that Asiamet's KSK Contract of Work has substantial exploration upside potential above and beyond the currently defined BKM copper Resource.
Following on from the success of our initial step-out exploration we are now moving to commence scout drilling at the Beruang Kanan West ("BKW") prospect which, although returning historical high-grade copper in rock and soil samples, has never been drilled to date. We are excited by the potential of the BKW area and looking forward to drill testing another of the multiple highly prospective exploration targets identified within the wider KSK District."
At 2:23pm: (LON:ARS) Asiamet Resources Limited share price was +0.25p at 7.18p