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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 3/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-3-2017: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKM deposit at the Beruang Kanan project. Drilling results incl. 93m @ 0.72% Cu from 8.5m. Asiamet Resources Limited ("ARS" or the “Company”) is pleased to advise th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Hughes (Internal) | |
| ABSTRACT: | Asiamet Resources Limited ("ARS" or the “Company”) is pleased to advise that Resource infill and extension drilling being completed as part of feasibility studies on the Beruang Kanan Main (“BKM”) copper deposit in Central Kalimantan, Indonesia continues to substantially de-risk the Resource which underpins the project. A total 93 holes for 9050 metres of diamond core drilling have now been completed and three holes are currently in progress. The results from nine holes are reported below. All nine holes were drilled in the northern part of the BKM deposit. A further 25 holes/1950 metres are planned and an updated Resource estimate incorporating all of the 2016-2017 drilling will be prepared for release shortly thereafter. Peter Bird, Asiamet’s Chief Executive Officer commented: The drilling and feasibility studies work being undertaken by our highly-experienced team continues to substantially de-risk and thereby improve BKM project's potential economics. Drilling within the BKM resource envelope, and particularly the high grade BK044 zone, has delivered further excellent results. The goal of the drilling campaign is to upgrade and expand the Mineral Resources at the BKM deposit and we are very pleased with the geometry of the mineralization and both the lateral and vertical continuity. Several additional strategic and high value targets outside of the current resource envelope are also being targeted for drill testing. In addition to continuing to communicate progress upon Asiamet’s Feasibility Study and other corporate initiatives, we greatly look forward to an updated Resource estimate as the current campaign nears its completion. | |
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