Stock Market News
Asiamet Resources intersects further high grade mineralisation at Indonesia project
Exploration and development company Asiamet Resources announced on Wednesday that it has further intersected high grade polymetallic and copper - silver mineralisation at the BKZ prospect in Indonesia.
Completed infill drilling at the project in Central Kalimantan located broad intervals of high grade massive sulphide mineralisation including 42m at 6.9% zinc, 2.8% lead and 31 g/t silver, including 10m at 16.5% zinc, 8.2% lead and 65 g/t silver.
Assay results confirmed up to 23.2% lead, 16.7% zinc and 61 g/t silver over 1 metre sample intervals in the polymetallic zone and up to 4.6% copper over 1 metre sample intervals in the lower zone.
Peter Bird, chief executive of Asiamet Resources, said: "The rapid advancement of BKZ from a promising target to the cusp of maiden Resource status over the past six months has been outstanding and clearly demonstrates the inherent potential for significant value growth in our Indonesian project portfolio."
The BKZ project will see maiden resource estimates for both domains in May and is located just 800m from the company's BKM copper deposit where a feasibility study is underway, with both projects located on Asiamet Resource's KsK CoW licence area.
"Following the completion of our recent capital raising, Asiamet is now in a strong position to continue exploring a number of high potential targets in the highly prospective KSK CoW while simultaneously advancing exploration and development of the large scale Beutong porphyry Cu-Au project," said Bird.
As of 1531 BST, Asiamet Resources' shares were down 2.71% at 11.67p.
Completed infill drilling at the project in Central Kalimantan located broad intervals of high grade massive sulphide mineralisation including 42m at 6.9% zinc, 2.8% lead and 31 g/t silver, including 10m at 16.5% zinc, 8.2% lead and 65 g/t silver.
Assay results confirmed up to 23.2% lead, 16.7% zinc and 61 g/t silver over 1 metre sample intervals in the polymetallic zone and up to 4.6% copper over 1 metre sample intervals in the lower zone.
Peter Bird, chief executive of Asiamet Resources, said: "The rapid advancement of BKZ from a promising target to the cusp of maiden Resource status over the past six months has been outstanding and clearly demonstrates the inherent potential for significant value growth in our Indonesian project portfolio."
The BKZ project will see maiden resource estimates for both domains in May and is located just 800m from the company's BKM copper deposit where a feasibility study is underway, with both projects located on Asiamet Resource's KsK CoW licence area.
"Following the completion of our recent capital raising, Asiamet is now in a strong position to continue exploring a number of high potential targets in the highly prospective KSK CoW while simultaneously advancing exploration and development of the large scale Beutong porphyry Cu-Au project," said Bird.
As of 1531 BST, Asiamet Resources' shares were down 2.71% at 11.67p.
Related share prices |
---|
Asiamet Resources Limited (DI) (ARS) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price