Asiamet Resources, formerly Kalimantan Gold, continues to encounter high grade copper mineralization at the Beruang Kanan Main (BKM) deposit of its Beruang Kanan project in Central Kalimantan, Indonesia.
Fourteen holes were completed in the company’s 2015 drilling program which was designed to increase confidence and expand the BKM resource.
Chief executive Tony Manini said he was very pleased with the findings. “The two higher grade zones of copper mineralization recently identified within the deposit are showing good continuity and the shallow, high grades are outstanding.
“These highly positive attributes provide an opportunity for maximizing revenue early in a mine’s life when paying back development capital. We anticipate these characteristics to have a very positive impact on project economics when the mining studies are completed as part of the preliminary economic assessment for BKM.”
The company reveals that it has delineated strong copper in the southern part of the previously identified BK044 zone with further high grades seen at the BK058 zone. At the BK044 zone, high grade results were also seen. Highlight drill results included grades up to 5.88% copper, while the length of intersections ranged from 4.5 metres up to 46 metres.
Tony Manini said the company would release updates as the final drill results became available.
“Asiamet looks forward to keeping all stakeholders updated as final BKM drill results and the results from ongoing scout drilling, resource estimation and metallurgical test work come to hand in the coming weeks.”