Asiamet Resources (ARS) on Tuesday updated investors on plans to start an exploration program on its KSK Contract of Work focused on walk-up targets close to the BKM copper project.
Asiamet hopes to extend the mine life and heap leachable copper resources by drilling into areas within 3 kilometres of the BKM copper project.
The BKM project is estimated to have JORC compliant proven and probable reserves of 51.5Mt @0.6% copper, according to a feasibility study.
Asiamet's CEO Peter Bird commented: "Our technical team has defined an exploration programme to systematically explore the area surrounding our current Resources at the BKM copper project.”
He added: “We are currently waiting receipt of the exploration permit and once received, we anticipate drilling these four targets areas located in close proximity to the existing Resources at BKM this year.”
Asiamet outlined four drilling targets with the holes broadly spaced up to 100 metres apart.
CEO Mr. Bird added: “Our previous exploration work suggest that there are a number of walk-up targets in the area, a number of which are oxide dominant which allows for processing via heap-leach and SX-EW.”
He said: “Any discoveries that are defined proximal to the current BKM Resource have a commercial advantage when compared with more regional discoveries as they can leverage off proposed infrastructure, logistics and technical expertise that will be already established around the BKM Mine."
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