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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKZ | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 2/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-2-2018: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKZ deposit at the Beruang Kanan project. Drilling results incl. 28m @ 14g/t Ag, 0.15g/t Au, 0.93% Cu from 50m. Asiamet Resources Limited ("ARS" or the "Company") is | |
| 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 high-grade polymetallic and copper mineralisation at BKZ. The focus of the 2017/18 maiden Resource drilling programme at BKZ was to test the strike, dip and continuity of the high-grade polymetallic and underlying copper-silver mineralisation, located north and south of the previously identified polymetallic mineralisation in drill hole BKZ-1. The Company has completed the first round of infill drilling at BKZ, for a total 3,416 metres in thirty-six holes. Drilling has successfully tested the upper zone of polymetallic massive sulphide and vein style mineralisation and the lower zone of vein and massive sulphide hosted copper-silver mineralisation. The third infill hole on section line BKZ33550 was drilled eastward to test the continuity of mineralisation in hole BKZ33550-02 (122.2m End of Hole ("EOH")), which intersected 7.1m at 1.87% copper, 14g/t silver, 0.13g/t gold from 60.9m and 9.0m at 3.63% copper, 55g/t silver, 0.16g/t gold from 84.0m (refer ARS Press Release February 6, 2018). BKZ33550-03 (122.3m EOH) intersected a narrow upper zone of moderate grade, vein-style polymetallic mineralisation starting from 48.0m depth, underlain by multiple zones of moderate to high-grade copper-silver mineralisation starting from 50.0m depth and hosted in massive sulphides and quartz-sulphide veins containing bornite, chalcopyrite and pyrite. The hole was terminated due to rock hardness and rig capacity, with the final 25.0m comprising a strongly silicified and hematite altered breccia, which assayed 0.16g/t gold and 14g/t silver. | |
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