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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKZ | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 11/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2017: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKZ deposit at the Beruang Kanan project. Drilling results incl. 21.5m @ 9.1% Zn, 3.1% Pb, 365g/t Ag, 0.19% Cu, 0.30g/t Au from 22.5m. Asiamet Resources Limited ("A | |
| 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 shallow, thick, high-grade base and precious metal-rich mineralisation. Highlights of the latest batch of drill results received. The third hole on section line BKZ33750 was drilled westward to confirm continuity of mineralisation between section lines BKM323700 and BKM33750 where hole BKZ33750-02 intersected a broad zone of polymetallic mineralisation from 1.7m depth hosted in quartz-sulphide veins to semi-massive sulphides (refer ARS Press Release November 1, 2017). BKZ33750-03 (87.5m EOH) was collared 40m east of BKM33750-02 and intersected quartz-sulphide veins to semi-massive sphalerite (zinc), galena (lead), chalcopyrite (copper) and pyrite mineralisation from 22.5m depth (Figure 2). Continuity of the BKZ polymetallic mineralisation has been confirmed over a strike length of 225m and remains open to the north, south and east. With the continued success of the BKZ exploration drilling, the Company has opted to expand the programme by six holes, or approximately 600 metres. The initial programme comprised a total of 14 holes for 1,354 metres of diamond core drilling. The exploration drill rig is currently set up on section line BKZ33550 in the southern part of the BKZ prospect testing the continuity of both the upper polymetallic mineralisation and the down-dip potential of the structurally controlled high-grade copper-silver zone. Two other drill rigs are currently completing geotechnical drilling for proposed infrastructure sites (Heap-Leach Pad and Mine Infrastructure sites) at BKM, and upon completion will re-commence scout drilling at Beruang Kanan West ("BKW") and Beruang Kanan South ("BKS"). | |
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