Asiamet Res Share News (ARS)

LONDON (Alliance News) - Asiamet Resources Ltd said Monday that continuing resource delineation drilling at its BKZ polymetallic prospect in Indonesia intersects high-grade polymetallic and copper-silver mineralisation as anticipated.

Asiamet reported new assays for BKZ - located in central Kalimantan - confirm further high-grade copper-silver mineralisation. Assay results confirm up to 30.7% zinc, 17.7% lead, 158 grammes per tonne silver and up to 6.6% copper over one metre interval samples in the interpreted "feeder structure".

"The excellent results generated from our drilling programmes at both the BKM and BKZ projects over the past three years clearly demonstrate the intrinsic value of Asiamet's project portfolio. This latest batch of results from resource delineation drilling at BKZ demonstrate excellent internal continuity of both the upper high-grade polymetallic and the underlying copper-silver mineralisation and increase the company's confidence in defining an initial high value polymetallic deposit with potential to leverage off the proposed BKM mining infrastructure," Chief Executive Officer Peter Bird said.

Asiamet shares were 5.3% down at 13.38 pence on Monday.