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Asiamet Resources Ltd.
Summary
| Project: | Beutong | |
|---|---|---|
| Deposit: | BWP | |
| Location: | Indonesia | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 8/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-8-2018: Asiamet Resources Ltd. announces an Exploration/Drilling Update report for its BWP deposit at the Beutong project. JV - Drilling results incl. 398.0m @ 0.39% Cu, 0.04g/t Au, 0.57g/t Ag, 160ppm Mo from 352.0m. Hole BEU1350-02 was drilled from an | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen Hughes (Internal) | |
| ABSTRACT: | Hole BEU1350-02 was drilled from an existing collar targeting an untested zone between the BEP and BWP. The hole intersected a broad zone of porphyry style mineralisation comprising covellite, chalcocite and digenite.Results from the 2018 drilling campaign to date have met Asiamet's objectives of demonstrating continuity of the BEP and BWP outside of the current Resource envelope and have highlighted potential for further significant expansion of the Beutong Resource. The presence of strong molybdenum mineralisation at depth in BEU1350-02 also indicates potential for a deeper high-grade copper core at BWP, as occurs in many of the larger Asia-Pacific porphyry systems.Peter Bird, Asiamet's Chief Executive Officer commented:"This latest drill result highlights the potential for significant further upside to the Beutong deposit(s) and confirms our thoughts that the BEP and BWP may coalesce at depth. Our 2018 drilling program continues to extend mineralisation well beyond the current Resource envelope and a significant uplift in the overall deposit tonnage is expected as further rounds of drilling and Resource modelling and estimation are completed. The ongoing success of our 2018 drill program at Beutong continues to highlight the unique nature of Asiamet's diversified portfolio with a near term copper development and a suite of large and medium-scale growth options.We look forward to keeping all stakeholders updated as the drilling and metallurgical test work programs at Beutong continue over the coming 4 to 5 months." | |
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