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Asiamet Resources Ltd.
Summary
| Project: | Beruang Kanan | |
|---|---|---|
| Deposit: | BKZ | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 11/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-11-2017: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BKZ deposit at the Beruang Kanan project. Drilling results incl. 115.5m @ 1.01% Cu from 2m. Metallurgy drill holes at BKM Copper Project ("BKM") have intersected ne | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Hughes (Internal) | |
| ABSTRACT: | Metallurgy drill holes at BKM Copper Project ("BKM") have intersected near surface high-grade copper mineralisation at BK44 and BK58 Zones. These results further increase the Company's confidence in the BKM resource and support a potential strategy in the ongoing Feasibility Study to develop the first stage of mining in higher grade, higher recovery copper mineralisation. The 2017 drilling for the metallurgical test work has been finalised, a total of nine holes for 764 metres of diamond core drilling were completed (Figure 1). The goal of this round of metallurgy test work was to obtain drill core samples from different zones of copper mineral species that have been defined. Sequential assay interpretation indicates that blends or mixes of copper mineral species vary laterally and vertically across the deposit, however form broad and substantial spatially consistent zones. Peter Bird, Asiamet's Chief Executive Officer commented: "These strong metallurgical drill results validate our previous Resource definition work and hence provide strong encouragement from a future mine planning and execution perspective. For the first three to four years of operation at BKM it is critical to ensure a strong production and cash flow profile for the proposed mining operation. This final phase of metallurgical test work builds upon the results of the previous test work currently being finalised and specifically targets the highest grade, highest solubility and likely highest recovery mineralisation from the BK44 and BK58 zones. The potential to mine and schedule this material early in the mine life is expected to strongly impact project economics and enhance cash flows during the early years of capital payback. The Feasibility Study work continues to advance very well and we look forward to reporting the column leach programme results as they are finalised." | |
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