There has been excellent continuity of copper mineralisation from the latest round of resource evaluation drilling work at Asiamet Resources’ Beruang Kanan Main (BKM) Copper Project in Central Kalimantan, Indonesia. This work forms part of an ongoing feasibility study designed to establish the economic parameters at BKM.

A total 56 holes for 5600 metres of diamond core drilling have been completed and assay results from a further 10 holes drilled in the northern area of the deposit have been received. An additional 62 holes for 5400 metres are planned.

Among the better intersections are 29.5 metres @ 0.85% copper, including 11.0 metres @ 1.25%; 17 metres @ 1.57% copper, including 7 metres @ 2.54% copper; and 19.0 meters @ 1.16% copper, including 9 metres @ 2.17%.

Excellent continuity of copper mineralisation has been established across a significant proportion of the deposit with high rates of conversion from inferred resource to higher confidence measured and indicated resources anticipated when the new resource estimate is completed.

There is now an expectation that a considerable part of the resource will be available for economic evaluation to determine mineral reserves, which represents a major de-risking and value enhancing step for the BKM project.

Coherent higher grades established within the BKM044 and 058 zones provide an excellent opportunity to selectively mine and enhance production early in the project life.

Extensive areas of very shallow mineralisation with potential to further reduce the already low stripping ratio outlined in the BKM Preliminary Economic Assessment have been delineated. A lower strip ratio has the potential to further reduce the operating costs.

As part of the feasibility study, resource quality control and metallurgical test work programs, a series of holes are being drilled on different orientations/angles and as twin or scissor holes in order to verify the robustness of the BKM resource and provide mineralised material for detailed metallurgical test work.

Asiamet’s CEO Tony Manini said, “Asiamet’s focused strategy for the development of the company and its projects is very much on track. Results from the BKM feasibility study have met or exceeded expectations to date and corporate activities relating to the Beutong and Jelai licence conversions, and project funding and development, have been considerably progressed.”

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