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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 8/17/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-8-2016: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKM deposit at the Beruang Kanan project. Drilling results incl. 31.0m @ 1.57% Cu from 12.0m. Asiamet Resources Limited ("ARS" or the “Company”) is pleased to announ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Hughes (Internal) | |
| ABSTRACT: | Asiamet Resources Limited ("ARS" or the “Company”) is pleased to announce that Resource infill and extension drilling at the Beruang Kanan Main (“BKM”) copper deposit in Central Kalimantan, Indonesia continues to display excellent continuity of shallow high grade copper mineralization within the BK058 Zone. A total 33 holes for 3400 meters of diamond core drilling have now been completed and three holes are currently in progress. The results from five holes are reported below. Four holes were drilled in the southern part of the BKM deposit and one hole at the far north end. A further 87 holes/7700 meters are planned. Hole BKM31775-01 (141m End of hole ‘EOH’) was collared 25m north of BKM31750-02 (85.0m EOH) which intersected a broad zone of high grade near surface copper assaying 54 meters at 1.10% Cu (from 16.5 meters depth) including 16 meters at 1.67% Cu (from 17.5 meters) refer ARS Press Release May 13, 2015. Assay results confirm the high grades within BK058 Zone and the continuity of the mineralization intersected in BKM31750-02. Drill hole BKM31755-01 (168m EOH) is a scissor hole to BKM31750-03 (75m EOH) which intersected high grade near surface copper mineralization, including 5.0 meters at 1.60% Cu (from 8.0 meters) and 8.0 meters at 1.16% Cu (from 15.0 meters), refer ARS Press Release June 11, 2015. Assay results from drill hole BKM31755-01 confirm the style, width, and continuity of mineralization intersected previously and the high grade tenor of the BK058 Zone. | |
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