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ARS Asiamet Resources Limited

0.75
0.05 (7.14%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Asiamet Resources Limited LSE:ARS London Ordinary Share BM04521V1038 COM SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.05 7.14% 0.75 0.65 0.75 0.725 0.675 0.70 5,079,004 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 0 -6.93M -0.0027 -2.59 18.16M

Asiamet Resources Limited Asiamet Resources Bkm Resource Update

28/06/2017 10:30am

UK Regulatory


 
TIDMARS 
 
 
   For Immediate Release London AIM 
 
 
 
   28 June 2017 Symbol: ARS 
 
   Vancouver, British Columbia 
 
   Asiamet Resources BKM Resource Update 
 
   Copper contained in Measured and Indicated Resources increases 207% 
 
   Asiamet Resources Limited ("ARS" or the "Company") is pleased to report 
an updated Mineral Resource estimate for the Beruang Kanan Main ("BKM") 
deposit within the Company's 100% owned KSK Contract of Work in 
Kalimantan, Indonesia. The Resource has been independently estimated by 
Duncan Hackman of Hackman & Associates Pty Ltd (Australia) and a 
Technical Report compliant with NI 43-101 will be published and 
available on the Company's website and SEDAR (www.sedar.com) within 45 
days of publication of this news release. As required under NI 43-101 
Measured, Indicated and Inferred Resources are reported separately 
below. 
 
   HIGHLIGHTS 
 
 
   -- Resource confidence significantly upgraded with contained copper in 
      Measured and Indicated Resources increased by 207% in comparison to the 
      October 21, 2015 BKM Mineral Resource estimate. The BKM Copper deposit is 
      now estimated to contain Measured and Indicated Resources of 49.2 million 
      tonnes at 0.70% copper containing 711.3MIbs (322,600 tonnes) of copper at 
      a 0.2% copper cut-off grade (see Table 1 for details). 
 
 
   -- Additional 66Mlbs (30,000 tonnes) of contained copper (0.2% copper 
      cut-off grade) added to the BKM Resource inventory. 
 
 
 
   -- Beruang Kanan Main Resources are now estimated as: 
 
 
 
 
   o        Measured Resources of 20.5 million tonnes at 0.7% Cu containing 
325.7MIbs (147,700 tonnes) of copper at a 0.2% copper cut-off grade 
(refer Table 1). The October 21, 2015 BKM Mineral Resource estimate 
contained no Measured Resources. 
 
   o        Indicated Resources of 28.7 million tonnes at 0.6% Cu 
containing 385.6MIbs (174,900 tonnes) of copper at a 0.2% copper cut-off 
grade (refer Table 1). The October 21, 2015 BKM Mineral Resource 
estimate contained 15.0 million tonnes at 0.7% Cu containing 231MIbs 
(105,000 tonnes) of copper. 
 
   o        Inferred Resources of 17.7 million tonnes at 0.6% Cu containing 
241.0MIbs pounds (109,300 tonnes) of copper at a 0.2% copper cut-off 
grade (refer Table 1). The October 21, 2015 BKM Mineral Resource 
estimate contained 49.7 million tonnes at 0.6% Cu containing 657MIbs 
(298,000 tonnes) of copper. 
 
 
   -- 73% of the copper contained in Resources is within the April 2016 BKM 
      Preliminary Economic Assessment ("PEA") conceptual open pit mine design. 
 
 
   The 2017 updated Mineral Resource estimate will be the subject of 
ongoing mining engineering and metallurgical studies as part of a BKM 
Feasibility Study and further optimisation of the BKM PEA open pit 
design is expected. 
 
   A leachable copper model for the BKM deposit will be constructed using 
sequential copper analysis data from all post 2013 drill core samples 
and an initial Mineral Reserve will in turn be generated from the 
Measured and Indicated component of this leachable copper Resource 
model. The Company expects to complete the feasibility study in early 
2018 and make a development decision at that time. 
 
   The BKM Mineral Resource estimate is based on assays from 269 diamond 
drill core holes that were drilled from 1998 to 2007, from 2012 to 2013 
and by ARS from 2015 to 2017. Mineralisation is contained within a 
near-surface, shallow-dipping and strongly mineralised system, that 
extends over an area of 1300m (N-S) and 800m (E-W) with depth extents 
ranging from surface to between 100m and 400m below surface (top to 
bottom). The 2015 Resource drilling programme undertaken by ARS was 
designed to delineate the extent and continuity of the BKM 
mineralisation and the 2016-2017 Resource drilling program designed to 
test for geological and grade continuity of the BKM mineralisation. 
Both programmes were completed successfully, meeting their objectives of 
both expanding and increasing the robustness and integrity of the 
Mineral Resource estimate. 
 
   Asiamet Resources CEO Peter Bird commented: The outcomes from the 
Resource evaluation work completed on the BKM deposit over the past year 
have been outstanding. Copper grades and tonnages have proven to be very 
robust with a 207% increase in the higher confidence level Measured and 
Indicated Resources and approximately 30,000 tonnes of copper added to 
the overall copper inventory. Most importantly 75% of the contained 
copper is now in high confidence Resources and 73% sits inside the PEA 
pit design. As such the conversion to Mineral Reserves is anticipated to 
be strong when mining and metallurgical studies are completed in coming 
months. We are very pleased with the outcome of Resource work and expect 
it will provide a solid base to build upon an already very robust 
Preliminary Economic Assessment. 
 
 
 
 
Mineral Resource Estimate - Beruang Kanan Main Deposit 
 - June 2017 
 Table 1 - Measured, Indicated and Inferred Mineral 
 Resource (NI 43-101) 
                         Measured Mineral Resources 
  Reporting cut     Tonnes     Cu Grade      Contained Cu      Contained Cu 
      (Cu %)         ('000)     (Cu %)       ('000 tonnes)     ('000,000 lbs) 
       0.2           20.5        0.7            147.7              325.7 
       0.5           15.4        0.8            126.8              279.6 
       0.7            8.5        1.0             85.8              189.2 
 
                         Indicated Mineral Resources 
  Reporting cut     Tonnes     Cu Grade      Contained Cu      Contained Cu 
      (Cu %)         ('000)     (Cu %)       ('000 tonnes)     ('000,000 lbs) 
       0.2           28.7        0.6            174.9              385.6 
       0.5           16.9        0.8            127.7              281.6 
       0.7            7.7        1.0             73.8              162.7 
 
 
 
 
                   Inferred Mineral Resources 
Reporting cut  Tonnes   Cu Grade   Contained Cu    Contained Cu 
    (Cu %)      ('000)   (Cu %)    ('000 tonnes)   ('000,000 lbs) 
     0.2        17.7      0.6         109.3            241.0 
     0.5        12.1      0.7          86.2            190.1 
     0.7         4.7      0.9          41.9            92.4 
 
 
   Notes: Mineral Resources for the BKM deposit have been estimated in 
conformity with generally accepted CIM "Estimation of Mineral Resource 
and Mineral Reserves Best Practices" guidelines.  In the opinion of 
Duncan Hackman, the block model Resource estimate and Resource 
classification reported herein are a reasonable representation of the 
copper Mineral Resources found in the defined area of the BKM 
mineralisation.  Mineral Resources are not Mineral Reserves and do not 
have demonstrated economic viability. There is no certainty that all or 
any part of the Mineral Resource will be converted into Mineral Reserve. 
Computational discrepancies in the table and the body of the Release are 
the result of rounding. 
 
   Methodology 
 
   The Mineral Resource estimate incorporates data from ARS's drilling 
programs undertaken in 1998 through to 2007, August 2012 to July 2013, 
June 2015 to September 2015 and June 2016 to April 2017.  Drill spacing 
of westerly drilled holes across the BKM mineralisation now stands at a 
nominal 50m by 50m spacing.  Seventeen holes have been drilled with 
easterly azimuths, two northerly, seven southerly and sixteen 
vertically.   Mineralisation considered for Measured Resources is 
restricted to those areas where holes are drilled in multiple 
orientations that confirms the geological and mineralisation continuity 
in these areas.  The 2017 Resource estimate dataset totals 269 drill 
holes for 44,214 metres of diamond core, an increase of 124 holes and 
12,614m over the dataset utilised in generating the 2015 Resource 
estimate.  Mr. Hackman verified components of the exploration activities 
and mineralisation features during site visits conducted between the 
4(th) and 6(th) September 2014, between the 21(st) and 28(th) June 2015 
and again between 22(nd) and 23(rd) June 2016. 
 
   The 2017 Resource model covers the 1300m north-south strike extent and 
800m width of the BKM vein style mineralised system.  Mineralisation 
crops out to the west, is closed-off by drilling to the north and has 
some potential to be extended to the north-east and south.  Three deep 
holes under the main zones have failed to intersect significant copper 
mineralisation, however the depth repetition of mineralisation has not 
been fully tested.  There are indications from the structural 
interpretation that repeat systems at depth and proximal to the BKM zone 
may exist. 
 
   Copper mineralisation occurs as covellite, chalcocite, bornite and 
chalcopyrite replacement of pyrite in veins and less common fracture 
fill settings.  The copper is of both hypogene and supergene origin. 
Veins and mineralisation are hosted in both blocky fractured volcanics 
and sediments, mainly in the south of the prospect and, in strongly 
sheared and tectonically milled breccias related to thrusting mainly in 
the central and northern sections of the prospect. Phyllic-style 
alteration is pervasive throughout the prospect. 
 
   Modelled copper mineralisation has been intercepted in 868 nominal 3m 
drill intervals (2486m) in historical drill holes, in 1920 nominal 1m 
drill intervals (2377m) in holes drilled in 2015 and in 5014 nominal 1m 
intervals (5131m) in holes drilled from 2016 to 2017.  Topographic 
control is achieved through the use of a highly detailed LIDAR generated 
surface to which all drill hole collar coordinates comply.  Sample data 
was composited to 3m intervals and flagged by domains defined from 
copper assay grades and directed by the Hackman and Associates and ARS 
structural interpretation.  Three passes of Ordinary Kriging grade 
interpolation methodology were employed to interpolate copper grades 
within domains into a sub-blocked model (parent block size of 25mE x 
25mN x 10mRL).  High grade copper assays were included in the 
interpolation with limits to their area of influence applied.  The 
Mineral Resource estimate has been classified based on data density, 
data quality and reliability, confidence in the geological 
interpretation, confidence in the copper grade modelling and 
interpolation and confidence in tonnage factors employed. 
 
   The limits of the BKM Mineral Resource are mostly defined by the 
historic and ARS Resource drilling, mapping and sampling campaigns. 
Pending funding, Stage IV infill and expansion drilling will focus on 
confirming mineralisation and geological continuity and tonnage factors 
in areas currently classified as Indicated Resources in the north and 
central areas of the BKM mineralisation to facilitate the conversion of 
part or all of these areas to the Measured Resource Category. 
 
   The Company is currently undertaking sequential copper analysis on all 
post 2013 drill core samples which assayed above 0.1% copper to 
determine the leachable copper within each sample. Approximately 8000 
samples have been sent for analysis and the results, expected in late 
July, will be used to create a leachable copper model for the BKM 
deposit. A similar process completed for the PEA using sequential assays 
undertaken in 2015-2016 estimated the average leachable copper within 
the BKM Resource to be 74% of the total copper grade. 
 
   Exploration Potential 
 
   Other priority targets in the vicinity of the BKM deposit are the focus 
of planned scout drilling programs, and include Beruang Kanan South 
("BKS"), Beruang Kanan West ("BKW") and KSK's standalone polymetallic 
BKZ (BKZ) prospect; each within 1.5km of the BKM Mineral Resource 
(Figure 1).  Geologic observations during field mapping and geochemical 
data from drill core and/or surface rock chip samples at BKS and BKW 
prospects indicate near surface and similar style copper mineralisation 
to BKM. Prospect details are summarised as follows: 
 
   --                     BKS prospect: Drill hole KBK-28 (151.30m end of 
hole 'EOH') intersected 10.5 metres @ 0.88% Cu from 14.5 metres depth 
and BKM30500-01 (63.9m EOH) intersected 10.0 metres @ 2.52% Cu from 19.5 
metres depth.   Drill hole KBK-28 also intersected high grade gold 
mineralisation from 11.5m, returning 3m @ 11.52g/t Au, including 1.5m @ 
21.7g/t Au (refer ARS Release February 23, 2017) 
 
   --                     BKW prospect: Multiple copper mineralised sheeted 
vein zones with wide spread alteration similar to BKM are observed 
within a 2.5 sqkm area, and three well defined copper in soil anomalies 
occur coincident with these sheeted vein zones, the largest measuring 
1.7km x 1km. Historic rock chip sampling yielded highly anomalous copper 
values, with individual rock chip samples assaying up to 7.1% Cu. 
 
   --                     BKZ Polymetallic prospect: A continuous 15m rock 
channel sample averaged 19.5% Zinc, 8.1% Lead, 121g/t Silver, 0.69g/t 
Gold and 0.50% Copper (refer ARS Release June 9, 2017).  Drill hole 
BKZ-1 (300.0m deep) tested outcropping massive sulphide style 
mineralisation and intersected 16m @ 5.75% Zn, 2.78% Pb, 0.64g/t Au, 
57.5g/t Ag and 0.16% Cu, including 6m @ 11.63% Zn, 5.99% Pb, 0.71g/t Au, 
98g/t Ag and 0.32% Cu (refer ARS Release February 23, 2017)  A 
grid-based soil sampling program defined a 400m by 200m anomalous zone 
of Pb-Zn soil geochemistry, which remains untested. 
 
   To view the graphic, please click here 
http://ww4.fscwire.com/sites/default/files/NR/792/17363_ARSIMG1.png 
 
   Figure 1: Beruang Kanan District project location map, showing copper in 
soils 
 
   KSK Contract of Work 
 
   The Beruang Kanan project is located within the KSK Contract of Work. 
The holder of the KSK Contract of Work ("KSK CoW") is PT Kalimantan 
Surya Kencana ("KSK"). ARS holds 100% of the shares of Indokal Limited 
("Indokal").  KSK is owned 75% by Indokal and 25% by PT Pancaran Cahaya 
Kahayan ("PCK").  Indokal owns 100% of PCK. 
 
   On February 16, 2017, the Company formally established with the 
Government of the Republic of Indonesia that the KSK CoW has now entered 
the Feasibility Study Period which runs for not less than two years, is 
extendable, and provides time to complete studies and identify the area 
for mining. The KSK CoW has a total of 30+ years remaining for 
exploration, development and operations. 
 
   The Company has previously signed a non-binding Memorandum of 
Understanding ("MOU") with the Government of the Republic of Indonesia 
("GOI") covering amendments to its KSK CoW. KSK continues discussions 
with the GOI regarding possible amendments to some of the KSK CoW terms 
in order to achieve closer alignment with the current Law No. 4/2009. 
 
   Qualified Person 
 
   Duncan Hackman (B. App.Sc., MSc., MAIG) of Hackman & Associates Pty Ltd 
(Australia) is the independent Qualified Person within the meaning of NI 
43-101 and the AIM Rules for Companies for the purposes of Mineral 
Resource estimates contained within this press release.  Data disclosed 
in this press release have been reviewed and verified by ARS's qualified 
person, Stephen Hughes, P. Geo. a director of ARS and a Qualified Person 
within the meaning of NI 43-101 and the AIM Rules for Companies. 
 
   ON BEHALF OF THE BOARD OF DIRECTORS 
 
   Peter Bird, Deputy Chairman and CEO, Asiamet Resources Limited 
 
   For further information, please contact: 
 
   -Ends- 
 
   Peter Bird 
 
   Deputy Chairman and CEO, Asiamet Resources Limited 
 
   Telephone: +61 3 8644 1300 
 
   Email: peter.bird@asiameteresources.com 
 
   Tony Manini 
 
   Executive Chairman, Asiamet Resources Limited 
 
   Telephone: +61 3 8644 1300 
 
   Email: tony.manini@asiameteresources.com 
 
   FlowComms Limited 
 
   Sasha Sethi 
 
   Telephone: +44 (0) 7891 677 441 
 
   Email: Sasha@flowcomms.com 
 
   Asiamet Resources Nominated Adviser 
 
   RFC Ambrian Limited 
 
   Andrew Thomson / Stephen Allen 
 
   Telephone: +61 8 9480 2500 
 
   Email: Andrew.Thomson@rfcambrian.com / Stephen.Allen@rfcambrian.com 
 
   VSA Capital Limited 
 
   Andrew Raca / Justin McKeegan 
 
   Telephone: +44 20 3005 5004 / +44 20 3005 5009 
 
   Email: araca@vsacapital.com 
 
   Optiva Securities Limited 
 
   Christian Dennis 
 
   Telephone: +44 20 3137 1903 
 
   Email: Christian.Dennis@optivasecurities.com 
 
   This news release contains forward-looking statements that are based on 
the Company's current expectations and estimates. Forward-looking 
statements are frequently characterised by words such as "plan", 
"expect", "project", "intend", "believe", "anticipate", "estimate", 
"suggest", "indicate" and other similar words or statements that certain 
events or conditions "may" or "will" occur. Such forward-looking 
statements involve known and unknown risks, uncertainties and other 
factors that could cause actual events or results to differ materially 
from estimated or anticipated events or results implied or expressed in 
such forward-looking statements.   Such factors include, among others: 
the actual results of current exploration activities; conclusions of 
economic evaluations; changes in project parameters as plans continue to 
be refined; possible variations in ore grade or recovery rates; 
accidents, labour disputes and other risks of the mining industry; 
delays in obtaining governmental approvals or financing; and 
fluctuations in metal prices.  There may be other factors that cause 
actions, events or results not to be as anticipated, estimated or 
intended.  Any forward-looking statement speaks only as of the date on 
which it is made and, except as may be required by applicable securities 
laws, the Company disclaims any intent or obligation to update any 
forward-looking statement, whether as a result of new information, 
future events or results or otherwise. Forward-looking statements are 
not guarantees of future performance and accordingly undue reliance 
should not be put on such statements due to the inherent uncertainty 
therein. 
 
   This announcement contains inside information as stipulated under the 
Market Abuse Regulations (EU) no. 596/2014 ("MAR"). 
 
   Glossary of Technical Terms 
 
 
 
 
"cut-off"       the grade threshold above which a mineral material 
                 is considered potentially economic 
"g/t"           grams per tonne; equivalent to parts per million ('ppm'). 
"Mineral        A "Mineral Resource" is a concentration or occurrence 
Resource"        of diamonds, natural solid inorganic material, or 
                 natural solid fossilized organic material including 
                 base and precious metals, coal, and industrial minerals 
                 in or on the Earth's crust in such form and quantity 
                 and of such a grade or quality that it has reasonable 
                 prospects for economic extraction. The location, quantity, 
                 grade, geological characteristics and continuity of 
                 a Mineral Resource are known, estimated or interpreted 
                 from specific geological evidence and knowledge. 
"Inferred       An "Inferred Mineral Resource" is that part of a Mineral 
Resource"        Resource for which quantity and grade or quality can 
                 be estimated on the basis of geological evidence and 
                 limited sampling and reasonably assumed, but not verified, 
                 geological and grade continuity. The estimate is based 
                 on limited information and sampling gathered through 
                 appropriate techniques from locations such as outcrops, 
                 trenches, pits, workings and drill holes. 
"Indicated      An "Indicated Mineral Resource" is that part of a 
Resource"        Mineral Resource for which quantity, grade or quality, 
                 densities, shape and physical characteristics, can 
                 be estimated with a level of confidence sufficient 
                 to allow the appropriate application of technical 
                 and economic parameters, to support mine planning 
                 and evaluation of the economic viability of the deposit. 
                 The estimate is based on detailed and reliable exploration 
                 and testing information gathered through appropriate 
                 techniques from locations such as outcrops, trenches, 
                 pits, workings and drill holes that are spaced closely 
                 enough for geological and grade continuity to be reasonably 
                 assumed. 
"Measured       A "Measured Mineral Resource" is that part of a Mineral 
Resource"        Resource for which quantity, grade or quality, densities, 
                 shape, and physical characteristics are so well established 
                 that they can be estimated with confidence sufficient 
                 to allow the appropriate application of technical 
                 and economic parameters, to support production planning 
                 and evaluation of the economic viability of the deposit. 
                 The estimate is based on detailed and reliable exploration, 
                 sampling and testing information gathered through 
                 appropriate techniques from locations such as outcrops, 
                 trenches, pits, workings and drill holes that are 
                 spaced closely enough to confirm both geological and 
                 grade continuity. 
"CIM"           The reporting standard adopted for the reporting of 
                 the Mineral Resources is that defined by the terms 
                 and definitions given in the terminology, definitions 
                 and guidelines given in the Canadian Institute of 
                 Mining, Metallurgy and Petroleum (CIM) Standards on 
                 Mineral resources and Mineral Reserves (December 2005) 
                 as required by NI 43-101. The CIM Code is an internationally 
                 recognised reporting code as defined by the Combined 
                 Reserves International Reporting Standards Committee 
"Kriging"       an interpolation method for assigning values from 
                 samples to ore blocks that minimizes the estimation 
                 error. 
"covellite"     Covellite is a copper sulfide mineral with the formula 
                 CuS. This indigo blue mineral is ubiquitous in some 
                 copper ores 
"chalcocite"    Chalcocite is a copper sulfide mineral with the formula 
                 Cu2S, and is an important copper ore mineral. It is 
                 opaque and dark-gray to black with a metallic luster. 
"bornite"       Bornite, also known as peacock ore, is a copper sulfide 
                 mineral with the formula Cu5FeS4 
"chalcopyrite"  Chalcopyrite is a copper sulfide mineral with formula 
                 CuFeS2. It has a brassy to golden yellow color 
"hypogene"      Hypogene ore processes occur deep below the earth's 
                 surface, and form deposits of primary minerals, such 
                 as chalcopyrite and bornite. 
"supergene"     Supergene ore processes occur near surface, and form 
                 deposits of secondary minerals, such as malachite, 
                 azurite, chalcocite, covellite, digenite, etc. 
"breccia"       Breccia is a rock classification, comprises millimeter 
                 to meter-scale rock fragments cemented together in 
                 a matrix, there are many subclassifications of breccias. 
"veins"         A vein is a sheet-like or anastomosing fracture that 
                 has been infilled with mineral ore (chalcopyrite, 
                 covellite etc) or mineral gangue (quartz, calcite 
                 etc) material, within a rock. Veins form when minerals 
                 carried by an aqueous solution within the rock mass 
                 are deposited through precipitation and infill or 
                 coat the fracture faces. 
"volcanics"     Volcanic rock such as andesite or basalt that is formed 
                 from magma erupted from a volcano, or hot clastic 
                 material that erupts from a volcano and is deposited 
                 as volcaniclastic or pyroclastics 
"sediments"     Sedimentary rocks formed by the accumulation of sediments. 
                 There are three types, Clastic, Chemical and Organic 
                 sedimentary rocks 
"surface rock   Rock chip samples approximately 2kg in size that are 
chip samples"    typically collected from surface outcrops exposed 
                 along rivers and mountain ridgelines 
azimuth         the "compass direction" refers to a geographic bearing 
                 or azimuth as measured by a magnetic compass, in true 
                 or magnetic north 
"diamond        A drilling method in which penetration is achieved 
drilling"        through abrasive cutting by rotation of a diamond 
                 encrusted drill bit. This drilling method enables 
                 collection of tubes of intact rock (core) and when 
                 successful gives the best possible quality samples 
                 for description, sampling and analysis of an ore body 
                 or mineralised structure. 
"grade"         The proportion of a mineral within a rock or other 
                 material. For copper mineralisation this is usually 
                 reported as % of copper per tonne of rock (g/t) 
                The laboratory test conducted to determine the proportion 
 "assay"         of a mineral within a rock or other material. For 
                 copper, usually reported as percentage which is equivalent 
                 to percentage of the mineral (i.e. copper) per tonne 
                 of rock 
"sequential     Sequential copper analysis is a technique to semi-quantitatively 
assays"          define the zonations associated with some copper deposits. 
                 The method is based on the partial dissolution behavior 
                 displayed by the prevalent copper minerals to solutions 
                 containing sulfuric acid and sodium cyanide. Results 
                 from sequential analyses can theoretically determine 
                 the amounts of leachable oxide minerals, leachable 
                 secondary sulfide minerals, and primary copper minerals, 
                 respectively. 
"dip"           A line directed down the steepest axis of a planar 
                 structure including a planar ore body or zone of mineralisation. 
                 The dip has a measurable direction and inclination 
                 from horizontal 
"open pit       A method of extracting minerals from the earth by 
mining"          excavating downwards from the surface such that the 
                 ore is extracted in the open air (as opposed to underground 
                 mining) 
"Resource       A 3-Dimensional model of the ore/mineralised body 
block"           containing a Mineral resource estimation 
"intercept"     Refers to a sample or sequence of samples taken across 
                 the entire width or an ore body or mineralized zone. 
                 The intercept is described by the entire thickness 
                 and the average grade of mineralisation 
"channel        Samples collected across a mineralised rock exposure. 
sample"          The channel is typically orientated such that samples 
                 are collected perpendicular to the mineralised structure, 
                 if possible 
"lbs"           Pounds (measure of weight) 
"Mlbs"          Million pounds (measure of weight) 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Asiamet Resources Limited via Globenewswire 
 
 
  http://www.asiametresources.com 
 

(END) Dow Jones Newswires

June 28, 2017 05:30 ET (09:30 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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