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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 2/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2019: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKM deposit at the Beruang Kanan project. Drilling results incl. 90m @ 0.98% Cu from 111m. Asiamet Resources Limited ("ARS" or the "Company") is pleased to advise th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Hughes (Independent) | |
| ABSTRACT: | Asiamet Resources Limited ("ARS" or the "Company") is pleased to advise that additional Resource evaluation drilling as part of the Bankable Feasibility Study ("BFS") on the Beruang Kanan Main ("BKM") copper deposit in Central Kalimantan, Indonesia continues to intersect broad intervals of copper mineralisation with discrete high grade intervals, at both the Northern and Southern area with individual samples (1-metre intervals) assaying up to 3.99% copper. A total 35 holes for 4,898 metres of diamond core drilling have now been completed with five holes including four geotechnical holes are currently in progress. The geotechnical holes are being drilled along the proposed western pit wall to more fully assess the rock properties and structural characteristics in this area with a view to re-evaluating the current pit design and enhancing overall project economics. Holes BKM31500-02, BKM31500-03, BKM41500-04, BKM31500-05, BKM31550-07, BKM31600-07 were drilled in the southern and south-western part of the proposed pit shell area, while holes BKM32490-01 and BKM32540-01 were drilled in the northern and central north-eastern area. Drilling results from BKM31500-02 and BKM31500-04 at the southern end of the proposed pit design open the possibility that that copper mineralisation may extend south of the existing resource. Results from BKM32490-01 and BKM32540-01 drilled to 201.00 metres and 150.10 metres respectively, confirmed near-surface high-grade mineralisation associated with strong quartz-chalcocite-covellite veining. | |
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