Asiamet chuffed with recent drilling at Beutong

Asiamet Resources reported further “excellent” results from the current infill and extension drilling program being undertaken at its 80%-owned Beutong Project on Tuesday.

The AIM-traded firm said “strong mineralisation” had been confirmed, extending beyond the 2014 resource envelope in all holes completed thus far.

At Beutong East Porphyry (BEP), it said drill hole BEU500-01 had confirmed a broad interval of high grade, near surface copper-gold-molybdenum outside the current resource envelope.

Infill drilling confirmed moderate-grade porphyry copper-gold-molybdenum mineralisation along the eastern end of the Beutong West Porphyry (BWP), with drill hole BEU1350-01 apparently highlighting the potential for mineralisation to extend easterly into the gap between the BEP and BWP.

Copper mineralisation in both BEU500-01 and BEU1350-01 comprised covellite, chalcocite and digenite with minor chalcopyrite, which the board said demonstrated that the mineralised zones extended both laterally and at depth.

Both holes were terminated due to rig capacity.

“Results received from the current round of drilling at Beutong East Porphyry demonstrate both the robustness of the central mineralised core and the substantial Resource upside potential that remains to be delineated,” said Asiamet chief executive officer Peter Bird.

“Mineralisation has already been extended well beyond the 2014 resource envelope with exceptional continuity of plus 1% CuEq mineralisation reported from near surface to in excess of 400 metres and remains open to depth.”

Bird said Beutong's large copper-gold Resource base, when coupled together with “excellent” nearby infrastructure and the potential to assess a copper leaching process, as demonstrated by the initial sequential copper assaying results, positioned the project as an “increasingly rare” copper development opportunity.

“Asiamet looks forward to keeping all stakeholders updated as the drilling and metallurgical test work programs continue over the remainder of 2018.”