Recent drilling as part of a resource evaluation program at Asiamet Resources’ flagship Beruang Kanan Copper Project in Central Kalimantan, Indonesia, has identified a high grade copper zone within the current resource envelope that has the potential to significantly enhance project economics.

The latest hole produced an 11 metre section grading 2.96% copper and this was intersected from just six metres below surface. Within that section, there were two metres at a bumper grade of 9.26% copper. This latest hole is just 125 metres from a similar high-grade, near-surface discovery.

Follow-up drilling is now under way in the immediate area of these intersections to increase drill density and improve resource confidence.

Asiamet, formerly called Kalimantan Gold, believes the high grade, shallow copper mineralization with limited overburden waste provides the opportunity to enhance project economics through the potential development of a very low strip ratio, high grade starter pit early in the project life.

In total, 53 holes and 4424.5 metres of the planned 80 hole, 6500 metre resource evaluation drilling program have been completed and three holes are in progress.

As drilling rates have exceeded expectations, all of the planned BKM infill and expansion drilling planned for 2015 is expected to be completed by mid-September, almost two months ahead of schedule.

Rather than a two-stage resource estimate update as originally planned, all results will now be incorporated into a single update which is expected to be completed in late September or early October. Scout drilling of the BKS, BKW and BKZ targets will be undertaken with a single drill rig during September.

Beruang Kanan is a shallow dipping deposit that follows the contour of a hill and work going forward will concentrate on assessing the potential of the copper mineralization within the first 50 metres from surface.

Asiamet’s CEO Tony Manini says, “Asiamet is successfully delivering on its plan and achieving the milestones set for itself in 2015 and we look forward to reporting further results from ongoing evaluation drilling of this zone over the coming weeks.”