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Asiamet Resources intersects further high grade mineralisation at Indonesia project
Exploration and development company Asiamet Resources announced on Wednesday that it has further intersected high grade polymetallic and copper - silver mineralisation at the BKZ prospect in Indonesia.
Completed infill drilling at the project in Central Kalimantan located broad intervals of high grade massive sulphide mineralisation including 42m at 6.9% zinc, 2.8% lead and 31 g/t silver, including 10m at 16.5% zinc, 8.2% lead and 65 g/t silver.
Assay results confirmed up to 23.2% lead, 16.7% zinc and 61 g/t silver over 1 metre sample intervals in the polymetallic zone and up to 4.6% copper over 1 metre sample intervals in the lower zone.
Peter Bird, chief executive of Asiamet Resources, said: "The rapid advancement of BKZ from a promising target to the cusp of maiden Resource status over the past six months has been outstanding and clearly demonstrates the inherent potential for significant value growth in our Indonesian project portfolio."
The BKZ project will see maiden resource estimates for both domains in May and is located just 800m from the company's BKM copper deposit where a feasibility study is underway, with both projects located on Asiamet Resource's KsK CoW licence area.
"Following the completion of our recent capital raising, Asiamet is now in a strong position to continue exploring a number of high potential targets in the highly prospective KSK CoW while simultaneously advancing exploration and development of the large scale Beutong porphyry Cu-Au project," said Bird.
As of 1531 BST, Asiamet Resources' shares were down 2.71% at 11.67p.