Asiamet Resources Shares Rise on Significant High-Grade Gold-Silver Zone in Indonesia

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by Joe Hope

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Shares of Asiamet Resources Ltd rose on Friday after it said it had intersected a high-grade gold-silver field at its BKZ deposit in Indonesia during its continued resource expansion drilling program.

Shares were up 0.35 pence, or 14%, at 2.83 pence at 0932 GMT.

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The London-listed mining company said a drill hole in the BKZ deposit – which is part of its KSK license – contained a significant 99m intersection with 2.42 grams per metric ton of gold and 542 grams per ton of silver, including 6.3 grams per ton of gold 30 meters square.

“The discovery of such high-grade deposits close to the surface is a very rare event and opportunity. The substantial increase in geological knowledge gained from this program is accompanied by further expansion of the mineral known to the Company and the discovery of additional new deposits shortly after the proposed copper mine.” There’s a lot of confidence to discover. My growth at BKM,” said Executive Chairman Tony Mannini.

Write to Joe Hope at [email protected]

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