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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKM | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 2/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 9-2-2017: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKM deposit at the Beruang Kanan project. Drilling results incl. 26.85m 2.34% Cu from 34.15m. Asiamet Resources Limited ("ARS" or the "Company") is pleased to report | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Hughes (Internal) | |
| ABSTRACT: | Asiamet Resources Limited ("ARS" or the "Company") is pleased to report that Resource evaluation drilling as part of feasibility studies on the Beruang Kanan Main ("BKM") copper deposit in Central Kalimantan, Indonesia continues to confirm excellent continuity of high grade copper mineralization in the BK044 Zone. A total 70 holes for 7030 meters of diamond core drilling have now been completed and two holes are currently in progress. The results from ten holes drilled in the northern part of the BKM deposit are reported below. A further 48 holes/3970 meters are planned and a third drill rig has recently been mobilized to ensure completion of the feasibility study resource evaluation program in Q1,2017. An updated Resource estimate incorporating all of the 2016-2017 drilling will be prepared for release shortly thereafter. Tony Manini, Asiamet's Chief Executive Officer commented: "The ARS drill results released today have again exceeded our expectations and provide further confirmation of the high quality characteristics of the BKM deposit. The higher grade BKM044 Zone has demonstrated excellent continuity of copper mineralization over more than 500m of strike length and is up to 325 meters wide and 100 meters thick in parts. This continuity coupled with the consistently shallow nature of the mineralization is expected to have a strong positive impact on project economics as mine engineering studies are completed. Feasibility study activities are being progressed at pace on all fronts and several corporate initiatives aimed at further strengthening the Company and providing funding options for the development of BKM have been significantly advanced. Asiamet expects 2017 to be a transformational year for the Company and we look forward to providing further updates shortly" | |
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