Asiamet: High grade copper mineralization intersected at BKS

By Romel S. Gurky

TSX-listed Asiamet Resources Limited announced Monday that initial wide spaced scout drilling at the Beruang Kanan South (BKS) prospect in Central Kalimantan, has intersected shallow high grade copper mineralization.

The BKS prospect is approximately one kilometer to the south of the BKM deposit where Asiamet recently reported a substantial increase in N43-101 compliant copper Resources. ?These results confirm excellent potential to delineate additional copper mineralization close to the BKM deposit,? Asiamet said in a statement.

Holes were targeted on a strong, broad 800 x 900 meter copper in soil anomaly where rock chip samples assaying up to 17.6% Cu were collected, and where previous scout drilling intersected copper mineralization with associated high gold grades including 10.5m @ 0.9% Cu, from 14.5m depth and 3m @ 11.52g/t Au, (including 1.5m @ 21.7g/t Au) from 11.5m depth, in hole KBK28.

In total, 4 holes for 278.5 meters were completed in the recent scout drilling program with assay results confirming high grade copper mineralization in two of the four holes drilled. As seen at BKM, strong covellite copper mineralisation occurs near surface with chalcopyrite deeper in the system. Better results include:
BKM30500-01 10.0 meters at 2.52% Cu (from 19.5 meters depth)
? Including 2 meters at 7.45% Cu (from 19.5 meters)
BKM30500-01 3.0 meters at 1.45% Cu (from 43.5 meters depth)
BKM30500-01 3.5 meters at 1.04% Cu (from 58.5 meters depth)
BKM30625-01 1.0 meters at 3.83% Cu (from 7.5 meters depth)
BKM30625-01 2.0 meters at 0.67% Cu (from 12.5 meters depth)

?Scout drilling at BKS has now been completed. Historical data from both the BK area and the wider KSK COW is currently being assessed to delineate additional high potential targets for future drilling,? the company said.

Tony Manini, Asiamet's Chief Executive Officer, commented: "With receipt of these highly promising results from wide spaced scout drilling at BKS, Asiamet has met its objectives for the current program. The combination of solid first pass drill results associated with widespread copper in soils and some very high grade copper rock chip results clearly demonstrates excellent potential for adding further tonnages of higher grade copper mineralization close to the BKM deposit.?

Editing by Reiner Simanjuntak