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Asiamet boosted by strong copper hits at BKM

Thursday, February 9, 2017 6:47
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“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



Source: http://www.proactiveinvestors.com/companies/news/172924/asiamet-boosted-by-strong-copper-hits-at-bkm-172924.html

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