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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKZ | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 11/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-11-2017: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKZ deposit at the Beruang Kanan project. Drilling results incl. 29.3m @ 1.52% Cu, 0.15g/t Au, 40.1g/t Ag from 59m. Asiamet Resources Limited ("ARS" or the “Company | |
| 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 ongoing exploration drilling at the BKZ Polymetallic (“BKZ”) prospect located on its Kalimantan Surya Kencana (“KSK”) 6th Generation Contract of Work (“CoW”), in Central Kalimantan, Indonesia continues to intersect, near surface high grade base and precious metal rich mineralisation. The first hole on section line BKZ33600 was drilled west at -55 degree dip to confirm continuity of mineralisation between section lines BKM33650. BKZ33600-01 (82.4m End of Hole “EOH”) intersected a 4m wide zone of high grade polymetallic mineralisation from 34.0m depth hosted in quartz-sulphide veins to massive sphalerite (zinc), galena (lead), chalcopyrite (copper) and pyrite (Figure 2). The second hole on section line BKZ33600 was collared on the same drill pad, drilling east at -70 degree dip. BKZ33600-02 (89.6m EOH) intersected an upper zone of polymetallic mineralisation from 31.0m depth hosted in quartz-sulphide veins to massive sphalerite (zinc), galena (lead), chalcopyrite (copper) and pyrite. The hole also drilled through a lower feeder zone of high grade copper-silver mineralisation from 59m depth (Figure 3). The high grade copper mineralisation is contained within a dense stockwork of quartz-sulphide and sulphide veins containing bornite, chalcopyrite and pyrite. Individual 1-metre intervals assayed up to 5.16% copper and 46g/t silver. The hole was terminated due to technical issues, and ended in mineralisation. The third hole on section line BKZ33600 was collared on the same drill pad, drilling southeast at -55 degree dip. BKZ33600-03 (125.0m EOH) also intersected an upper zone of polymetallic mineralisation from 39.0m depth hosted in quartz-sulphide veins with sphalerite (zinc), galena (lead), chalcopyrite (copper) and pyrite. | |
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