Asiamet completes BKM drilling program

TSX-listed Asiamet Resources Limited (ARS) said that resource definition drilling as part of feasibility studies on the Beruang Kanan Main (BKM) copper deposit in Central Kalimantan, has intersected thick depth extensions of copper mineralization in the BK044 Zone.

The company said in a statement Wednesday that the infill and expansion drilling program at BKM has finished, a total 122 holes for 12480.9 meters of diamond core drilling have been completed. ARS expects further pending assays will be received over the next month, and work has already commenced on the mineral resource update.

Peter Bird, Asiamet's Chief Executive Officer commented: "Another significant milestone was achieved with the completion of the BKM infill and expansion drilling program. BKM continues to impress as our confidence in the continuity and grade of copper mineralization from north to south, and particularly with depth, increases.?

He said that tecent drilling at BK044 Zone has yielded very encouraging results with broad intervals of high grade copper mineralization intersected in a deeper mineral domain extending well beyond the limits of the BKM PEA conceptual open-pit mine design. The potential for a deeper pit and longer mine life will be investigated as part of the ongoing feasibility study.

?We look forward to updating the market in the near future with regards to pending assays. The primary objective of this drilling campaign is the upgrading of Inferred Resources to higher confidence Measured and Indicated Resources by completing this closely spaced grid-drilling program, and we are very pleased with the results to date."

Editing by Reiner Simanjuntak