Sign up
Mining Capital

Asiamet Resources extends high grade copper mineralisation at BKZ polymetallic prospect

Exploration in the BK district continues to make very significant progress, said Asiamet Resources chief executive Peter Bird
Asiamet said the strike rate at BKZ has been exceptional since recommencing exploration

Asiamet Resources Ltd. (LON:ARS) said its exploration drilling at the BKZ polymetallic prospect in Indonesia has continued to intersect high grade copper mineralisation.

Three holes at BKZ, located in Central Kalimantan, have intersected high grade copper mineralisation, confirming a strike length of at least 110m and a true thickness of up to 50m.

WATCH: Asiamet's Steve Hughes says they're just getting started at their 30+ prospects

The company said multiple intersections of high grade copper-silver mineralisation within a primary feeder structure at BKZ is “very significant” with up to 11.8% copper and 415 grammes per tonne silver reported over 1m sample intervals.  Further drilling is required to determine its dimensions, Asiamet said.

The BKZ exploration programme includes a total of 14 holes for 1,354 metres of diamond core drilling.

The drill rig is currently at the Beruang Kanan West (BKW) prospect, testing several coincident copper in soil, rock and chargeability anomalies. Following completion at BKW, the drill rig will move back to BKZ.

“The discovery of a copper feeder zone at BKZ with potential for considerable strike and depth extent has some exciting implications for the wider project and we are looking forward to reporting further exploration results over the coming weeks and months while the BKM feasibility study is being completed,” said chief executive Peter Bird.

READ: Asiamet Resources' scout drilling programme adjudged a success

Exploratory drilling will continue to test the strike, width and downdip continuity of the interpreted feeder structure in the southern part of BKZ.

Bird said ongoing exploration in the BK district continues to make progress with success in discovering new mineralisation and advancing drill targeting.

“Since recommencing exploration two months ago our strike rate has been exceptional,” he added in the statement.

“A major north-south basement structure has been identified which controls a district scale polymetallic mineral system and within which we have already defined a very significant copper deposit at BKM.”

View full ARS profile View Profile
View All

Related Articles

© mining Capital 2018

Mining Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed mining companies to interact with institutional and highly capitalised investors.
Headquartered in London, Mining Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.