Asiamet Resources Ltd (LON:ARS) has reported excellent continuity of copper mineralisation from the latest round of drilling work at its Beruang Kanan Main project (BKM).
Among the better intercepts were 29.5 meters at 0.85% copper, including 11.0 meters at 1.25%, 17 meters at 1.57% copper, including 7meters at 2.54% Cu, and 19.0 meters at 1.16% copper, including 9 meters at 2.17%.
Much of this mineralisation lies close to surface.
The work forms part of an ongoing feasibility study designed to establish the economic parameters at BKM.
“Based on the work completed thus far, a high rate of conversion from inferred to measured and indicated resources is anticipated when the drilling and a new resource estimate is completed,” said chief executive Tony Manini.
“This is an extremely pleasing and important outcome as the drill out and upgrade of Inferred to Measured and Indicated Resources is a major de-risking and value enhancing step for all projects. Asiamet's focused strategy for the development of the Company and its projects is very much on track. Results from the BKM feasibility study have met or exceeded expectations to date.”