Asiamet Resources intersects mineralisation at Beruang Kanan Main

Asiamet Resources Ltd said resource definition drilling on the Beruang Kanan Main (BKM) copper deposit continues to intersect thick intervals of copper mineralisation with discrete high-grade intervals, at both the BK058 and BK044 Zones.

It said the 2016-2017 BKM resource definition drilling programme continued to intersect thick intervals of shallow, moderate to high-grade copper mineralisation across the deposit, which had successfully established continuity and closed gaps in the previous BKM Resource model.

"New copper mineralisation intersected in drill holes BKM31900-02 and BKM1900-03 is outside of the current BKM resource envelope and located between the BK044 and BK058 Zones," it said.

Metallurgy hole BKM32200-04 drilled within BK044 Zone intersected a broad zone of high grade copper, with individual samples (1-metre intervals) assaying up to 13.0% copper.

A total 112 holes for 11500 metres of diamond core drilling had been completed and three holes were in progress at present.

"The infill / expansion drill campaign has been extended to approximately 12,500 metres, with the final 1,000 metres to be completed by the end of April," said Asiamet.

"Additional holes were drilled on section lines BKM31900 and BKM32650, and several holes were extended to deeper levels to test the spatial continuity within selected mineralised domains."

At 12:07 GMT, shares in AIM-listed Asiamet were up 2.17% to 4.70p each.