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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 7/21/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-7-2016: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKM deposit at the Beruang Kanan project. Drilling results incl. 43.0m @ 1.16% Cu from 15m. Asiamet Resources Limited ("ARS" or the “Company”) is pleased to announce | |
| 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 being undertaken as part of the feasibility study on the Beruang Kanan Main (“BKM”) copper deposit in Central Kalimantan, Indonesia continues to intersect high grade copper mineralization in the southern part of deposit and has confirmed good continuity of higher grades previously reported within the BK058 Zone. Four drill rigs are operational with 25 holes/2558 meters of diamond core drilling completed to date and four holes currently in progress. Five large diameter holes collecting bulk samples for copper leaching test work have also been completed with an additional 12 holes to follow. Assay results have been received for three infill holes drilled to increase Resource confidence and one hole drilled to extend the BKM Resource eastward. Shallow high grade covellite-chalcocite copper mineralization very similar in style to that reported previously in drill holes BKM31850-02 (11m at 2.96% Cu, including 2 meters at 9.26% Cu, from 6 meters. Refer ARS Press Release August 26, 2015) and BK058- 01(64.9m at 1.24% Cu, including 9 meters at 7.35% Cu, from 11.7 meters. Refer ARS Press Release August 22, 2013) was intersected in all three holes drilled within the BK058 Zone. | |
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