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Asiamet Resources Ltd.
Summary
| Project: | Beutong | |
|---|---|---|
| Deposit: | BWP | |
| Location: | Indonesia | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 10/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-10-2018: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BWP deposit at the Beutong project. JV - Drilling results incl. 596.6m @ 0.53% CuEq from 153.4m. Extensive oxide gold mineralization was also intersected from near | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Hughes (Internal) | |
| ABSTRACT: | Extensive oxide gold mineralization was also intersected from near surface above the copper mineralisation including 136.0m at 0.46 g/t Au from 2.0m. Potential of this shallow gold mineralisation atop the BWP will be assessed with further drilling.he hole was terminated at a depth of 750 metres due to rig capacity with mineralisation remaining open at depth and laterally. The 2018 drill program has proven highly successful with all seven holes (3,528 metres) drilled to date intersecting wide intervals of porphyry copper-gold-molybdenum mineralisation which has significantly increased confidence in the Beutong Resource model and identified targets with potential to significantly expand the size of the current deposit. Drill holes testing between the Beutong East Porphyry ("BEP") and the Beutong West Porphyry ("BWP") have confirmed broad zones of copper mineralisation extending to depth outside the current Resource Envelope and additional drilling is required to fully explore the potential in this area prior to updating the Resource. As the drilling program has progressed and the potential for a coalescence of the BEP and BWP at depth has been recognised, further modelling of ground magnetic data has been completed and selected drill holes have been relogged. A strongly magnetic body has been modelled immediately beneath the central core of the system, overlapping with the base of the BEP. Previous work clearly identified a zoned system at Beutong with some of the holes in the BEP and BWP reporting increasingly elevated copper-gold +/- molybdenum grades with depth e.g. BEU0700-03 148m at 0.80% Cu, 0.15g/t Au, 98 ppm Mo from 146m and 110.7m at 0.76% Cu, 0.13g/t Au, 129ppm Mo. | |
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