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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 1/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 17-1-2017: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKM deposit at the Beruang Kanan project. Drilling results incl. 104.0m @ 0.83% Cu from 8.00m. Asiamet Resources Limited ("ARS" or the “Company”) is pleased to advis | |
| 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 evaluation drilling being undertaken as part of the feasibility study at the Beruang Kanan Main (“BKM”) copper deposit in Central Kalimantan, Indonesia continues to report wide intervals of higher grade near surface copper mineralization which further expand the BK044 Zone. A total 67 holes for 6750 meters of diamond core drilling have now been completed and one hole is currently in progress. The results from ten holes drilled in the northern part of the BKM deposit are reported below. A further 51 holes/4250 meters are planned. Infill holes BKM32600-03 (153.7m end of hole (“EOH”)) and BKM32600-04 (159.4m EOH) drilled on the northeastern end of BK044 Zone intersected strong chalcocite/covellite mineralization just below the zone of oxidation in each drill hole, with individual one meter intervals returning up to 10.1% copper in BKM32600- 04 and 4.8% copper in BKM32600-03. These results confirm wider than expected, near surface, moderate to high grade copper mineralization approximately 175 meters in width on the northern end of the BK044 zone. Geological logs for holes BKM32600-05 and BKM32600-06 drilled >100m west of BKM32600-03 reported significant intervals of near surface chalcocite/covellite mineralization in. Assays are pending. Infill drill hole BKM32500-05 (66.0m EOH) drilled at the western margins of the BKM resource envelope intersected several zones of moderate grade copper mineralization consistent with the resource model. | |
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