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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 5/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 4-5-2017: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKM deposit at the Beruang Kanan project. Drilling results incl. 37.1m @ 1.10% Cu from 3.4m. Asiamet Resources Limited ("ARS" or the “Company”) is pleased to advise t | |
| 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 definition drilling as part of feasibility studies on the Beruang Kanan Main (“BKM”) copper deposit in Central Kalimantan, Indonesia has intersected thick depth extensions of copper mineralisation in the BK044 Zone. The Infill and Expansion drilling program at BKM has finished, a total 122 holes for 12480.9 metres of diamond core drilling have been completed. ARS expects further pending assays will be received over the next month, and work has already commenced on the Mineral Resource update. Infill hole BKM32400-06 (55.0m End of Hole ‘EOH’) was drilled approximately 50m east of BKM32400-05 (127.3m EOH), but failed to intersect significant copper mineralization and closes off the mineralization to the east. Infill holes BKM32400-07 (91.2m EOH) and BKM32400-08 (75.0m EOH) were drilled approximately 50m and 100m west of metallurgy drill hole BKM32400-02, respectively. Both holes intersected broad zones of chalcocite – covellite mineralization, with discrete high grade intervals. Infill holes BKM32400-09 (80.0m EOH) and BKM32400-11 (70.6m EOH) were drilled approximately 50m and 100m west of BKM32400-08, respectively. Both holes failed to intersect significant copper mineralization, and have closed off the deposit to the west in this area. Infill hole BKM32400-10 was extended to deeper levels to test the spatial continuity of mineralisation intersected at >175m vertical depth in historic drill hole BKD03-01 (refer ARS Release February 19, 2013). BKM32400-10 intersected moderate to high grade chalcocite – covellite mineralization to greater than 200m depth, well beyond the BKM PEA conceptual open pit design. | |
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