Asiamet 'excited' by recent results from Indonesia

The AIM-traded firm said BKZ is located 800m north of Asiamet's core BKM Copper Project, where bankable feasibility studies are well advanced.

Results received to date showed the potential for a stand alone polymetallic deposit at BKZ.

Highlights from this recent work included a continuous 15m rock channel sample collected in the southern part of the BKZ prospect, which averaged 19.5% zinc, 8.1% lead, 121g/t silver, 0.69g/t gold and 0.50% copper.

Individual one-metre rock channel samples collected from three separate locations over the mineralised strike extent outlined to date returned up to 24.2% zinc, 14.4% lead, 0.83% cu, 86g/t silver and 0.24g/t gold in the first instance, 17.7% zinc, 16.6% lead, 0.23% cu, 174g/t silver and 1.34g/t gold in the second and 7.6% zinc, 6.1% lead, 0.10% cu, 246g/t silver and 0.36g/t gold in the third.

The board reported “excellent potential” to identify additional polymetallic mineralisation along strike associated with a well-defined coincident zinc-lead-copper in soil anomaly measuring 400 x 200m.

Drill holes and surface sampling of “massive” sulphide-bearing outcrops confirmed mineralisation was near surface and had at least 150m of strike extent.

Additional high grade polymetallic mineralisation was also mapped and sampled to the immediate south of BKM Copper deposit with rock chips assaying to 35.6% zinc, 26.2% lead, 2.94% copper, 1.0g/t gold and 3440g/t silver.

Asiamet said a total of 53 rock chip channel samples were collected in the vicinity of historical drill hole BKZ-1, which intersected 16m @ 5.75% zinc, 2.78% lead, 0.16% copper, 0.64g/t gold and 57.5g/t silver from 6m depth.

Channel samples were taken within a mapped area measuring 300m x 300m area and the discovery of new massive sulphide-bearing outcrops confirmed a strike length of at least 150 metres, the board explained.

Summary channel sample results confirmed the high grade polymetallic nature of the BKZ mineralised system, with up to 37% combined lead-zinc over one-metre sample intervals.

The true width and thickness of the high grade mineralisation had not yet been determined.

In addition to the high grade polymetallic mineralisation mapped and sampled at the BKZ prospect, a review of historic exploration data collected to the immediate south of BKM Copper deposit confirmed a strong coincident zinc-lead-copper in rock chip and soil anomaly measuring 400 x 400 metres, Asiamet added.

A rock chip sample collected from a large boulder within that anomalous area assayed 35.6% zinc, 26.2% lead, 2.94% copper, 1.0g/t gold and 3440g/t silver.

The location and style of the mineralisation was similar to that identified at BKZ, and represented a second-high priority polymetallic target that warranted drill testing.

“Potential for polymetallic mineralisation in the BK District has been known for some time, however the grades and thicknesses indicated by this most recent work together with the identification of a second area of similar potential close to the advanced BKM project are very exciting,” said Asiamet chief executive Peter Bird.

“While Asiamet will continue to focus its effort on progressing development of the BKM copper project and nearby copper prospects, it is also important for investors to appreciate the exceptional potential for additional discoveries on the KSK property.

“Asiamet looks forward to further advancing these high grade polymetallic prospects in the near future.”