Asiamet Resources drilling yields 'excellent' mineralisation in Indonesia

Asiamet Resources’ ongoing drilling operation at the BKZ prospect in Indonesia has continued to intersect high grade mineralisation, the exploration and development company announced on Monday.

The drilling at the project has located broad intervals of high-grade massive sulphide mineralisation in the upper polymetallic zone, including 17m at 11.4% zinc, 6.0% lead and 383g/t silver and 30m at 6.0% zinc, 4.0% lead and 62g/t silver.

Furthermore, a broad interval of high grade copper-silver mineralisation has been seen in the lower zone, including 29.5m at 1.86% copper and 50g/t silver.

Peter Bird, chief executive of Asiamet Resources, said: "This latest batch of results from resource delineation drilling at BKZ demonstrate excellent internal continuity of both the upper high-grade polymetallic and the underlying copper-silver mineralisation and increase the Company's confidence in defining an initial high value polymetallic deposit with potential to leverage off the proposed BKM mining infrastructure."

The prospect is located in central Kalimantan, less than 800 metres from the company’s BKM copper project which is at bankable feasibility study stage.

"With the recent financing completed we look forward to reporting further results from the BKZ infill drilling programme and the initial resource in May, together with further results from the final stages of the BKM bankable feasibility study and first results from our current programme of drilling and metallurgical testwork underway at the Beutong porphyry Cu-Au deposit," said Bird.

Through its interest in Beutong Singapore, Asiamet holds a 40% interest in the Beutong project which is a large scale copper-gold-molybdenum resource located in Aceh, Indonesia.

As of 1603 GMT, Asiamet Resources' shares were down 6.19% at 13.25p.