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Initial resources estimated for BKZ deposit at Asiamet's KSK property

Asiamet Resources Ltd. on May 16 posted an initial estimate of resources hosted by the polymetallic BKZ deposit at its KSK property in Kalimantan, Indonesia.

The deposit was subdivided into an upper polymetallic zone comprising two domains and a lower copper zone due to the nature of the mineralization, with the estimate using cutoffs of 4.0% zinc for the high-grade polymetallic zone, 1.0% zinc for the low-grade polymetallic zone and 0.5% copper for the copper zone.

The high-grade domain of the upper polymetallic zone hosts inferred resources of 750,000 tonnes grading 8.0% zinc, 3.4% lead, 50 g/t of silver and 0.35 g/t of gold, representing contained metal of 60,000 tonnes of zinc, 26,000 tonnes of lead, 1.2 million ounces of silver and 8,400 ounces of gold.

The low-grade domain of the upper polymetallic zone hosts inferred resources of 590,000 tonnes grading 1.6% zinc, 0.5% lead, 13 g/t of silver and 0.15 g/t of gold, representing contained metal of 9,000 tonnes of zinc, 3,000 tonnes of lead, 247,000 ounces of silver and 2,800 ounces of gold.

Asiamet is considering developing a second mining operation at BKZ alongside the proposed Beruang Kanan Main copper project. A bankable feasibility study is in the final stages.

The company's work program at KSK includes infill, exploration and deep scout drilling as well as metallurgical testing and a preliminary economic assessment on the BKZ deposit.

In March, Asiamet outlined plans to spend US$2.5 million on regional exploration at KSK.