Asiamet sees potential link between Indonesian resources

Copper and gold exploration firm Asiamet Resources has continued to intersect high-grade copper mineralisation at the BKZ Polymetallic prospect located on its Kalimantan Surya Kencana asset, indicating that it may be linked with the same basin as its existing BKM drill programme.

Asiamet drilled a total of 29 holes across the BKZ's upper zone in order to test polymetallic massive sulphide and vein style mineralisation, with sulphide hosted copper-silver mineralisation continuing across the lower zone of the vein.

Mineralisation had been confirmed over a strike length of at least 125 metres and a width of 60m.

The drilling returned results of zinc deposits of as high as 4.8%, as much as 4.26% copper, more than 65 grams per tonne of silver and gold in excess of 22 grams per tonne.

Peter Bird, Asiamet's chief executive officer, "Drilling continues to enhance our understanding of the dimensions of the two mineralised domains at BKZ, the footprint of which remains open in most directions. The continuity of recently identified structurally controlled high-grade copper-silver mineralisation potentially linking the BKZ and BKM deposits is particularly promising, as are the associated geophysical targets identified at depth below the near surface deposits."

"The delineation drilling programme at BKZ is near completion, with only six holes remaining. Independent consulting geologists Hackman & Associates Pty Ltd have been engaged to complete the maiden Resource estimate for the BKZ deposit, which is expected in May 2018. We are looking forward to reporting the results of ongoing drilling programmes as we progress BKZ towards this important value adding milestone," he added.

As of 0920 GMT, shares had lost 0.26% to 9.43p.