Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Asiamet boosted by strong copper hits at BKM

Thursday, February 9, 2017 6:47
% of readers think this story is Fact. Add your two cents.

“We’re just getting tremendous results and they keep coming in,” says Steve Hughes of Asiamet Asiamet Resources Limited (LON:ARS).

Drills are currently turning on Asiamet’s Beruang Kanan Main copper project in Indonesia (BKM), as part of an extensive push towards the completion of feasibility studies.

Among the highlights are 4.8 metres of 1.07% copper and 26.85 metres at 2.34% copper from one hole, and 4.35 metres at 4.93% copper from another.

But these numbers are just part of a much more detailed picture of BKM and its potential that’s now emerging.

“We’ve high a broad zone of 105 metres at 0.65%,” says Hughes. “And it’s got some very high grade material in it.”

The strike length now runs to around 500 metres, he adds, and the company is now putting some deeper holes in too.

As it stands, 70 holes of the current programme have been completed, but a further 48 or so are still to come.

“The drilling will finish early in April,” says Steve. “After that all data will be sent to the consultant.”

A resource statement should follow within about a month, and should really begin to flesh out Asiamet’s existing plans to put an initial 25,000 tonnes per year operation together.

But Hughes expects that there will be more to it than that.

“There’s also BK West and BK South,” he says. As Asiamet’s key man on the ground, he’s in a better position than anyone to know the potential of these additional zones.

But one thing at a time. Permits are in the works. Drilling needs to complete and the feasibility study put together.

Then it will come time to construct. Asiamet’s chief executive Tony Manini has built a mine or two in his time, so all the right components are in place. And if the copper price continues to moves strongly, then Asiamet should be set fair.

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.