Asiamet sees significant potential in BK area

Asiamet Resources, a copper-gold exploration and development company announced that the results of a sample collected from a copper in soil anomaly in the northern part of Beruang Kanan West, Indonesia which it said showed the significant potential of the area.

According to the AIM-listed company, a rock grab sample collected from a 30cm wide quartz-sulphide vein cutting altered breccia assayed 26.1% copper and 57.1g/t silver.

About 200m west was a sericite breccia cut by quartz-bornite-chalcocite-pyrite veins, with individual rock chip grab samples assaying up to 4.1% Copper.

The company admitted that true width and thickness of the high grade copper mineralisation had not yet been determined and a follow-up mapping and sampling would be undertaken.

Asiamet geologists were scheduled to soon commence mapping and sampling of the largest and strongest copper in soil anomaly at BKW measuring 1.7km x 1km, in attempt to define near surface copper mineralisation for immediate drill testing.

Peter Bird, Asiamet's chief executive commented: "these recent results from the northern part of BKW coupled with the fact that the mineralisation is similar in style to BKM highlights the significant potential for the discovery of additional copper mineralisation that exists in the greater BK area".

Shares were up 1.09% to 4.63p by 15:23 BST givinbg it a market capitalisation of £33.09m.