Asiamet Resources continues to be encouraged by feasibility study drilling at the Beruang Kanan Main (BKM) Copper Project in Central Kalimantan, Indonesia. The company believes the results could lead to stronger economics than those shown in the preliminary economic assessment.

There have been 38 holes completed for 3800 metres of diamond core drilling with two in progress and the results show that shallow grade mineralisation continues.

Highlights of the latest results: 20.4 metres from 1.6 metres @ 1.75% copper, including 6.0 metres @ 3.65%; 2.0 metres from 37 metres @ 1.62%; and 5.3 metres @ 1.27% copper, including 1 metre @ 4.34% copper; and 38.0 metres from 18.0 metres @ 0.55% copper, including 2.0 metres @ 1.36% and 6.0 metres @ 1.03%.

Asiamet is optimistic that a significant upgrade of the project’s resource to higher confidence levels will be realised through this drilling.

Asiamet’s CEO Tony Manini says the company is very pleased with drill results received to date. “We are seeing excellent continuity of copper grade and thickness within the existing resource and extensions beyond the boundaries in some areas.

“While extensive study work remains to be completed, the consistently shallower nature of the mineralisation intersected to date is expected to translate to an even lower strip ratio, and potentially stronger economics, than outlined in the preliminary economic assessment.”

He said that the feasibility study was progressing to plan and first results from detailed heap leach test work were expected shortly.