Asiamet Resources Ltd - Canadian copper producer - Completes drilling of two holes as part of 2021 resource extension work at KSK contract of work in Indonesia, intersecting wide intervals of high-grade polymetallic mineralisation, extending the existing BKZ deposit.
Company has high confidence that ongoing drilling will continue to expand the mineral inventory, mine life and economic value of the KSK licence.
"Drilling to expand the Resource base at the BKZ deposit continues to deliver wide intervals of strong Zn-Cu-Pb-Ag-Au mineralisation in line with our enhanced geological understanding of the broader BKM-BKZ system. The two deposits at BKM and BKZ are now considered to be part of the same three kilometre long Volcanogenic Hosted Massive Sulphide System which remains open in most directions. Due to their polymetallic nature and high total metal content VHMS systems underpin some of the highest margin base metals mines globally," says Executive Chair Tony Manini.
Current stock price: 2.80 pence, up 5.7%
Year-to-date change: down 49%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Asiamet Res (ARS)