Resource definition drilling as part of feasibility studies on Asiamet Resources’ Beruang Kanan Main (BKM) copper deposit in Central Kalimantan, Indonesia, continues to intersect thick intervals of moderate to high-grade copper mineralisation. The latest results have returned discrete high grade intervals at the BK058 and BK044 zones.

The program has successfully established continuity and closed gaps in the previous BKM resource model.

New copper mineralisation intersected in two drill holes is outside of the current BKM resource envelope and located between the BK044 and BK058 zones.

A metallurgy hole drilled within BK044 Zone intersected a broad zone of high grade copper, with individual samples assaying up to 13% copper.

A total 112 holes for 11500 metres of diamond core drilling have now been completed and three holes are in progress.

The infill/expansion drill campaign has been extended to approximately 12,500 metres, with the final 1000 metres to be completed by the end of April.

Better results from the most recent drilling include: 82 metres from 15.5 metres @ 0.79% copper, including 13 metres from 34.5 metres @ 2.24%, 3 metres from 37.5 metres @ 3.36% and 1 metre from 45.5 metres @ 13%; 26.4 metres from 8.6 metres @ 0.78%, including 2 metres from 21 metres @ 1.96% and 1 metre from 32 metres @ 8.31%; 12 metres from 187 metres @ 0.95%, including 2 metres from 27 metres @ 1.96%, and 32 metres from 35 metres @ 0.8%, including 13 metres from 47 metres @ 1.25%; 57 metres from 7 metres @ 0.60%, including 6 metres from 38 metres @ 1.62%; 44 metres from 1 metre @ 0.57%, including 15 metres from 22 metres @ 0.87%; 53.5 metres from 11.5 metres @ 0.42%, including 7.3 metres from 15.75 metres @ 1.07%; and 13 metres from 0 metres @ 0.74%, including 4 metres from 1 metre @ 1.7%.

Asiamet’s CEO Peter Bird said, “Asiamet is pleased to report another set of excellent results from its feasibility study resource evaluation drilling program at the BKM deposit. Results from the program have met or exceeded our expectations in respect of both grade and continuity, particularly within the higher grade BKM044 and BKM058 zones.

“While the program has been very much focused on resource definition, some extension areas requiring further evaluation have also been identified for future follow up.

“We are extremely pleased with the geometry of the mineralisation and both the lateral and vertical continuity of this mineralisation at BKM and as the current drilling campaign nears its completion, greatly look forward to a positive resource update to be issued shortly after results of these last few remaining holes.”

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