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Asiamet Resources Ltd.

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Summary

Project:

Beruang Kanan

Deposit:BKZ
Location:Indonesia
Commodities:Gold-Silver-Copper-Lead-Zinc
Date:5/16/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:16-5-2018: Asiamet Resources Ltd. announces a Resource Estimation report for its BKZ deposit at the Beruang Kanan project. Initial mineral resource estimate at BKZ deposit. Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to report a maid
Resources:(Resource, Inf.): 0.75Mt @ 8% Zn, 3.4% Pb, 50g/t Ag, 0.35g/t Au at BKZ high grade zone
CP/QP:[Resources]: Duncan Hackman (Hackman and Associates Pty Ltd.)
ABSTRACT:Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to report a maiden Mineral Resource Estimate for the BKZ Polymetallic ("BKZ") deposit located on the Company's 100% owned KSK Contract of Work (CoW) in Kalimantan, Indonesia. The Statement of Mineral Resources (Table 1) completed by Hackman & Associates ("Hackman") is reported in accordance with the requirements of the 2012 JORC Code. BKZ is very strategically located adjacent to existing and proposed infrastructure for the BKM copper project which is currently in the final stages of a bankable feasibility study. The high grade, shallow nature of the BKZ mineralisation coupled with the potential to share infrastructure considerably enhances the opportunity for Asiamet to develop a second, high value mine in the BK district. The initial Mineral Resource Estimate for BKZ is subdivided into the BKZ Upper Polymetallic Zone ("BKZ-UPZ") and the BKZ Lower Copper Zone ("BKZ-LCZ"). The BKZ Upper Polymetallic Zone displays semi-massive to structurally controlled VMS-style lead, zinc, silver and gold mineralisation occurring in a high-grade domain and disseminated style mineralisation in the low-grade domain. The controls on and styles of mineralisation has resulted in significantly different tenors of grade between these domains and hence they are reported separately in the 2018 Resource Estimate. The BKZ Lower Copper Zone comprises a quartz-sulphide stockwork zone hosting chalcopyrite and bornite copper mineralisation. Table 1 below details the BKZ Mineral Resource as estimated in the 2018 Resource model

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