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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 9/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-9-2016: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKM deposit at the Beruang Kanan project. Drilling results incl. 20.4m @ 1.75% Cu from 1.6m. Asiamet Resources Limited ("ARS" or the "Company") is pleased to advise | |
| 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 in progress as part of feasibility studies on the Beruang Kanan Main ("BKM") copper deposit in Central Kalimantan, Indonesia continues to demonstrate excellent continuity of shallow copper mineralization within the BK058 and BK044 high grade zones. A total 38 holes for 3800 meters of diamond core drilling have now been completed and two holes are currently in progress. The results from ten holes are reported below. Five holes were drilled in the southern part of the BKM deposit (BK058 Zone) and five holes in the northern area (BK044 Zone). A further 80 holes/7200 meters are planned. As part of the feasibility study Resource quality control several holes are being drilled in different orientations and angles to test the robustness of the BKM Resource. This is particularly important for the upgrade of Resource confidence from Inferred to Indicated and Measured status. The first of these quality control holes, BKM32260-01 (124.3m End of hole 'EOH') drilled in the western area of the Resource envelope to confirm the orientation of mineralization intersected in earlier holes BKM32250-02 and BKM32250-03 (refer ARS Press Releases September 29, 2015 and September 15, 2015) successfully intersected extensive mineralization in three separate intervals. | |
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