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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 8/4/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-8-2016: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKM deposit at the Beruang Kanan project. Drilling results incl. 29.0m @ 1.17% Cu from 33.5m. Asiamet Resources Limited ("ARS" or the “Company”) is pleased to announc | |
| 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 intersect shallow high grade copper mineralization within the BK058 Zone. 30 holes for 3100 meters of diamond core drilling have now been completed and three holes are currently in progress. Results from four holes (BKM31750-10, BKM31800-05, BKM31800-06 and BKM31700-05) are reported below. A further 90 holes and 8000 meters are planned. All holes with the exception of BKM31800-06 (85.4m End of hole ‘EOH’), intersected shallow high grade covellite – chalcocite copper mineralization in quartz stockwork and pyrite veins hosted within silicified and highly altered volcaniclastics and breccias. Hole BKM31750-10 drilled to test for deeper extensions of 2015 drill hole BKM31750-04 (10.3 meters at 0.74% copper from 65m to bottom of hole refer ARS Press Release June 11, 2015) intersected 5 intervals of moderate to strong copper and extended the depth of mineralization by a further 17 meters. Infill drill hole BKM31800-05 (119m EOH) intersected two intervals of moderate to strong copper mineralization, comprising quartz – covellite – chalcocite veins up to 50cm in width and assaying up to 6.81% copper over one meter. | |
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