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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 4/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 12-4-2017: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKM deposit at the Beruang Kanan project. Drilling results incl. 82m @ 0.79% Cu from 15.5m. Asiamet Resources Limited ("ARS" or the "Company") is pleased to advise t | |
| 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 definition drilling as part of feasibility studies on the Beruang Kanan Main ("BKM") copper deposit in Central Kalimantan, Indonesia continues to intersect thick intervals of copper mineralisation with discrete high grade intervals, at both the BK058 and BK044 Zones. A total 112 holes for 11500 metres of diamond core drilling have now been completed and three holes are currently in progress. The infill / expansion drill campaign has been extended to approximately 12,500 metres, with the final 1,000 metres to be completed by the end of April. Additional holes were drilled on section lines BKM31900 and BKM32650, and several holes were extended to deeper levels to test the spatial continuity within selected mineralised domains. The results from twelve holes are reported below, including three holes drilled for metallurgical test work. Metallurgy hole BKM31800-04 (133.1m End of Hole 'EOH') intersected moderate to high grade chalcocite-covellite copper mineralisation similar to that reported previously in hole BKM31800-01 (40m to the east) and is within BK58 Zone (refer ARS Release September 29, 2015). Resource expansion holes BKM31900-02 (70.2m EOH) and BKM31900-03 (89.2m EOH) drilled approximately 50m and 100m east of BKM31900-01 (33.3m EOH) respectively, both intersected pervasive near surface chalcocite-covellite mineralisation hosted in quartz-pyrite veins and confirmed easterly extensions of high grade copper mineralisation in this area. Resource infill hole BKM31925-01 (65.5m EOH) drilled 25m off section intersected moderate grade copper mineralisation from surface. | |
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