Asiamet publishes promising results from Beruang Kanan Main

21st Jul 2016 12:41

(ShareCast News) - Asiamet Resources announced on Thursday that resource infill and extension drilling being undertaken as part of the feasibility study on the Beruang Kanan Main copper deposit in Central Kalimantan, Indonesia was continuing to intersect high grade copper mineralisation in the southern part of the deposit.The AIM-traded firm confirmed good continuity of higher grades previously reported within the BK058 Zone.It said four drill rigs are operational with 25 holes or 2558 meters of diamond core drilling completed to date, and four holes currently in progress.Five large diameter holes collecting bulk samples for copper leaching test work have also been completed with an additional 12 holes to follow, the board reported.Assay results have been received for three infill holes drilled to increase resource confidence, it said, and one hole drilled to extend the BKM Resource eastward.Shallow high grade covellite-chalcocite copper mineralisation, very similar in style to that reported previously in drill holes BKM31850-02 and BK058-01 was intersected in all three holes drilled within the BK058 Zone, the report showed."The BKM deposit feasibility study drilling program is off to a flying start with these first results providing early confirmation of continuous shallow, high grade mineralization at the BK058 Zone," said Asiamet chief executive Tony Manini."This presents Asiamet with an opportunity to assess selective mining and scheduling of this higher grade mineralization early in the mine life, potentially enhancing project economics and shortening the capital payback period for the project.!As the momentum of the feasibility study builds over the coming months, Asiamet looks forward to reporting the results from ongoing drilling, metallurgical testing, mining, infrastructure and environmental studies," Manini explained.