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Asiamet Resources Ltd.
Summary
| Project: | Beutong | |
|---|---|---|
| Deposit: | BEP | |
| Location: | Indonesia | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 4/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-4-2018: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BEP deposit at the Beutong project. JV - Drilling results incl. 64.9m @ 1.00% Cu, 0.15g/t Au, 0.82g/t Ag, 112ppm Mo from 7.0m. Asiamet Resources Limited ("Asiamet" o | |
| Resources: | (Resource, M+I): 93Mt @ 0.61% Cu, 0.13ppm Au, 1.97ppm Ag, 97ppm Mo | |
| CP/QP: | [Overall Report]: Stephen Hughes (Internal) | |
| ABSTRACT: | Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to report that its first diamond drill hole of the 2018 drill campaign at the Company's 40% owned Beutong East Porphyry Copper - Gold Project ("BEP") has intercepted near surface, high-grade copper mineralisation. The BEP occurs within the greater Beutong intrusive complex, a large high-quality copper, gold, silver, molybdenum deposit that outcrops at surface and remains open in several directions including to depth. Current JORC compliant Resources contain 2.4Mt (5.3BIb) copper, 2.1Moz gold and 20.6Moz silver (100% basis). The deposit is held under a Mining Business License for Production Operations "IUP-OP", located in Nagan Raya Regency, Aceh, Indonesia. This is the first hole of an extensive programme following up on previously conducted positive drilling which required follow up at BEP. The first hole at BEP, BEU0900-06 (71.9m End of Hole "EOH") confirms high-grade copper-gold-molybdenum mineralisation near surface, with up to 1.6% copper intersected over 2-metre sample intervals. Mineralisation is hosted by a strongly phyllic altered diorite porphyry, comprising chalcocite, covellite, chalcopyrite and digenite as disseminations and in quartz vein stockworks. Unfortunately, the hole had to be prematurely ended due to defective drill rods but ended in high-grade copper mineralisation with the final 2.9 metres interval assaying 1.2% copper and 0.18g/t gold and 203ppm molybdenum. | |
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