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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.90 | 0.85 | 0.95 | 0.925 | 0.90 | 0.925 | 493,062 | 11:00:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 0 | -6.93M | -0.0027 | -3.33 | 23.35M |
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TIDMARS
Asiamet Resources Limited ("ARS") is pleased to report that recent assay
results received for resource evaluation drilling at the Beruang Kanan
Main ("BKM") copper deposit in Central Kalimantan, Indonesia have
reported additional wide intervals of higher grade copper mineralization
within the recently identified BK044 and BK058 zones.
Assay results were received for an additional fourteen holes drilled to
increase confidence and expand the BKM Resource.
Strong copper mineralization has been delineated in the southern part of
the BK044 Zone and further high grade mineralization was also
intersected in the BK058 Zone (refer Figure 1). Within the BK044 Zone,
the first 50 meters of hole BKM32250-03 (101.9m end of hole ("EOH"))
intersected shallow, high grade chalcocite-covellite mineralization
similar to that reported previously in hole BKM32350-02 to the south
(refer Press Release September 15, 2015). Better results include:
BKM32250-03 5.0 meters at 1.38% Cu, (from 12 meters depth)
BKM32250-03 22.0 meters at 2.76% Cu, (from 22 meters depth)
-- Including 17 meters at 3.40% Cu (from 23 meters)
-- Includes 7 meters at 5.88% Cu (from 29 meters)
Approximately 50 meters south of BKM32250-03, drill hole BKM32200-03
(110.2m EOH) also intersected shallow, high grade copper mineralization
of similar style and grade. Better results include:
BKM32200-03 46.4 meters at 1.69% Cu, (from 1.6 meters depth)
-- Including 3 meters at 5.00% Cu (from 9.0 meters)
-- Including 2 meters at 4.70% Cu (from 26.0 meters)
-- Including 10 meters at 3.49% Cu (from 38.0 meters)
4.5 meters at 1.22% Cu (from 53.5 meters depth)
At the BK058 Zone, further high grade, shallow copper mineralisation was
intersected in drill hole BKM31800-01 (85.8m EOH), similar in style to
that recently identified in drill hole BKM31850-02 (refer ARS Press
Release August 26, 2015). Better results include:
BKM31800-01 21.0 meters at 1.77% Cu, (from 9.0 meters depth)
-- Including 11.0 meters at 2.53 % Cu (from 9.0 meters)
-- Includes 5.0 meters at 3.46% Cu (from 10.0 meters)
BKM31800-01 29.5 meters at 0.95% Cu, (from 35.0 meters depth)
-- Including 9.0 meters at 1.33% Cu (from 45.0 meters)
-- Including 2.0 meters at 2.90% Cu (from 58.5 meters)
A drill hole location plan and a table of full assay results are
provided in Figure 1 and Table 1 respectively. An updated list of drill
hole details is provided in Table 2.
Drilling at BKM is now complete for 2015. One drill rig remains active,
carrying out scout drilling at the Beruang Kanan South ("BKS") and
Beruang Kanan West ("BKW") targets and this work is expected to be
finished by the end of October. To date 71 holes/ 6,186 meters of the
planned 80 hole/6500 meter program have been completed. In addition to
the Resource Estimate update and metallurgical work that is ongoing,
Asiamet intends to complete a preliminary economic assessment ("PEA")
pursuant to the requirements of Canadian National Instrument 43-101 and
is evaluating tenders for the commissioning of the PEA on the BKM copper
deposit.
Tony Manini, Asiamet's Chief Executive Officer commented:
"Asiamet is very pleased with these latest drill results from BKM. The
two higher grade zones of copper mineralization recently identified
within the deposit are showing good continuity and the shallow, high
grades are outstanding. These highly positive attributes provide an
opportunity for maximizing revenue early in a mine's life when paying
back development capital. We anticipate these characteristics to have a
very positive impact on project economics when the mining studies are
completed as part of the PEA for BKM. Asiamet looks forward to keeping
all stakeholders updated as final BKM drill results and the results from
ongoing scout drilling, Resource estimation and metallurgical test work
come to hand in the coming weeks"
Table 1: Recent drill intercepts.
HOLE ID From To Length Copper (%) Cumulative Cu Mineralized Interval
BKM31550-01 56.0 61.0 5.0 0.30 10.3 Meters
BKM31550-01 69.7 75.0 5.3 0.35
BKM31550-02 66.0 70.4 4.4 0.44 4.4 Meters
BKM31800-01 9.0 30.0 21.0 1.77 50.5 Meters
Including 9.0 20.0 11.0 2.53
Includes 10.0 15.0 5.0 3.46
BKM31800-01 35.0 64.5 29.5 0.95
Including 45.0 54.0 9.0 1.33
Including 58.5 60.5 2.0 2.90
BKM31800-02 52.0 62.0 10.0 0.37 14.0 Meters
BKM31800-02 70.0 72.0 2.0 0.77
BKM31800-02 75.0 77.0 2.0 0.43
BKM31850-06 No Significant Assays
BKM32150-03 0.5 3.5 3.0 0.57 49.0 Meters
BKM32150-03 8.5 21.5 13.0 0.66
Including 8.5 12.0 3.5 1.27
BKM32150-03 30.5 32.5 2.0 1.17
BKM32150-03 52.5 83.5 31.0 0.60
Including 75.5 83.5 8.0 1.13
BKM32150-04 15.0 25.0 10.0 0.69 12.5 Meters
BKM32150-04 90.5 93.0 2.5 0.76
BKM32200-02 8.0 14.0 6.0 0.45 65.0 Meters
BKM32200-02 26.0 32.0 6.0 0.95
BKM32200-02 38.0 64.7 26.7 0.68
Including 40.0 47.0 7.0 1.31
BKM32200-02 69.5 86.0 16.5 0.66
Including 69.5 73.0 3.5 1.31
BKM32200-02 95.2 105.0 9.8 0.65
BKM32200-03 1.6 48.0 46.4 1.69 68.9 Meters
Including 1.6 2.6 1.0 4.44
Including 9.0 12.0 3.0 5.00
Including 26.0 28.0 2.0 4.70
Including 38.0 48.0 10.0 3.49
BKM32200-03 53.5 58.0 4.5 1.22
BKM32200-03 66.0 78.0 12.0 0.57
BKM32200-03 84.0 90.0 6.0 0.42
BKM32250-01 54.0 55.0 1.0 1.68 3.0 Meters
BKM32250-01 69.0 71.0 2.0 0.52
BKM32250-02 4.0 31.0 27.0 1.18 72.0 Meters
Including 4.0 11.0 7.0 1.79
Including 18.0 25.0 7.0 1.63
BKM32250-02 39.0 42.0 3.0 1.98
BKM32250-02 47.0 57.0 10.0 0.52
BKM32250-02 60.0 92.0 32.0 1.29
Including 62.0 64.0 2.0 2.14
Including 70.0 76.0 6.0 1.72
Including 77.0 81.0 4.0 3.87
BKM32250-03 12.0 17.0 5.0 1.38 27.0 Meters
BKM32250-03 22.0 44.0 22.0 2.76
Including 23.0 40.0 17.0 3.40
Includes 29.0 36.0 7.0 5.88
BKM32350-04 25.0 35.0 10.0 0.53 36.0 Meters
BKM32350-04 53.0 74.0 21.0 0.47
Including 53.0 55.0 2.0 1.01
Including 68.0 74.0 6.0 0.73
BKM32350-04 78.0 82.0 4.0 0.37
BKM32350-04 101.0 102.0 1.0 2.63
BKM32350-05 82.5 88.5 6.0 0.71 14.0 Meters
BKM32350-05 92.0 98.0 6.0 0.62
BKM32350-05 104.0 106.0 2.0 0.35
Notes: Grade intercepts are calculated as a weighted average grade
greater than or equal to 0.3% copper (uncut).
True widths are interpreted to be between 80-100% of the reported
lengths, unless otherwise stated.
Figure 1: Location map showing section lines and drill collars
To view the image, please click on the following link:
http://www.fscwire.com/sites/default/files/NR/792/8249_image1.jpg
Table 2: Updated Drill Hole Details
Hole ID Easting Northing RL Depth Azi Dip Status Assays
Final
Assays
BKM31550-01 768877.2 9931550.0 428.0 75.0 270 -60 Completed Received
Final
Assays
BKM31550-02 769078.3 9931550.0 379.1 70.4 270 -60 Completed Received
Final
Assays
BKM31650-01 768684.3 9931647.4 403.7 81.9 270 -60 Completed Received
Final
Assays
BKM31650-02 768766.2 9931653.3 435.6 81.3 270 -60 Completed Received
Final
Assays
BKM31650-03 768824.1 9931652.5 427.2 69.3 270 -60 Completed Received
Final
Assays
BKM31650-04 768883.2 9931653.2 426.0 72.6 270 -60 Completed Received
Final
Assays
BKM31650-05 768999.3 9931648.3 408.9 81.6 270 -60 Completed Received
(MORE TO FOLLOW) Dow Jones Newswires
September 29, 2015 02:00 ET (06:00 GMT)
Final
Assays
BKM31650-06 769093.6 9931649.3 358.7 90.2 270 -60 Completed Received
Final
Assays
BKM31750-01 769085.8 9931753.1 375.6 75.1 270 -60 Completed Received
Final
Assays
BKM31750-02 769001.2 9931758.6 400.5 85.0 270 -60 Completed Received
Final
Assays
BKM31750-03 768950.0 9931764.0 418.9 75.0 270 -60 Completed Received
Final
Assays
BKM31750-04 768892.2 9931750.8 419.1 75.3 270 -60 Completed Received
Final
Assays
BKM31750-05 768839.9 9931751.0 417.1 90.3 270 -60 Completed Received
Final
Assays
BKM31750-06 768786.9 9931756.6 402.1 90.4 270 -60 Completed Received
Final
Assays
BKM31750-07 768706.0 9931746.2 394.8 90.2 270 -60 Completed Received
Final
Assays
BKM31750-08 768656.7 9931753.0 388.8 88.1 270 -60 Completed Received
Final
Assays
BKM31750-09 769202.6 9931750.0 333.6 56.3 270 -60 Completed Received
Final
Assays
BKM31800-01 769008.5 9931799.9 401.7 85.8 270 -60 Completed Received
Final
Assays
BKM31800-02 769069.4 9931800.0 375.2 80.1 270 -60 Completed Received
Assays
BKM31800-03 769119.9 9931799.0 353.5 65.8 270 -60 Completed Pending
Final
Assays
BKM31850-01 769201.6 9931850.0 339.0 75.7 270 -60 Completed Received
Final
Assays
BKM31850-02 769106.0 9931850.0 377.4 69.6 270 -60 Completed Received
Final
Assays
BKM31850-03 769019.1 9931850.0 426.0 101.1 270 -60 Completed Received
Final
Assays
BKM31850-04 768900.9 9931850.0 415.3 97.7 270 -60 Completed Received
Final
Assays
BKM31850-05 768797.0 9931850.1 430.1 75.5 270 -60 Completed Received
Final
Assays
BKM31850-06 769157.2 9931850.0 318.0 50.0 270 -60 Completed Received
Assays
BKM31850-07 769060.5 9931850.0 351.0 46.6 270 -60 Completed Pending
Final
Assays
BKM31950-01 769094.6 9931950.0 380.5 75.2 270 -60 Completed Received
Final
Assays
BKM31950-02 768991.0 9931950.0 417.4 100.9 270 -60 Completed Received
Final
Assays
BKM31950-03 768888.0 9931950.0 447.9 75.0 270 -60 Completed Received
Final
Assays
BKM31950-04 768779.0 9931950.0 462.4 75.0 270 -60 Completed Received
Final
Assays
BKM32050-01 768702.3 9932050.0 485.2 71.6 270 -60 Completed Received
Final
Assays
BKM32050-02 768854.6 9932050.0 441.1 104.3 270 -60 Completed Received
Final
Assays
BKM32050-03 768998.2 9932050.0 397.8 70.2 270 -60 Completed Received
Final
Assays
BKM32150-01 768970.3 9932150.0 410.9 100.5 270 -60 Completed Received
Final
Assays
BKM32150-02 768922.1 9932150.0 427.0 110.1 270 -60 Completed Received
Final
Assays
BKM32150-03 768828.5 9932150.0 458.4 120.0 270 -60 Completed Received
Final
Assays
BKM32150-04 768729.5 9932150.0 479.5 100.3 270 -60 Completed Received
Final
Assays
BKM32200-01 768835.2 9932201.1 470.9 110.2 270 -60 Completed Received
Final
Assays
BKM32200-02 768901.0 9932200.9 463.2 110.2 270 -60 Completed Received
Final
Assays
BKM32200-03 768949.7 9932200.8 426.0 111.0 270 -60 Completed Received
Hole ID Easting Northing RL Depth Azi Dip Status Assays
Final
Assays
BKM32250-01 768731.7 9932249.9 504.1 84.3 270 -60 Completed Received
Final
Assays
BKM32250-02 768836.9 9932250.0 483.3 110.8 270 -60 Completed Received
Assays
BKM32250-03 768881.0 9932249.9 457.6 101.9 270 -60 Completed Pending
Assays
BKM32250-04 768973.8 9932249.9 402.9 104.3 270 -60 Completed Pending
Final
Assays
BKM32350-01 768999.7 9932350.0 386.5 45.7 270 -60 Completed Received
Final
Assays
BKM32350-02 768896.7 9932350.0 447.3 125.9 270 -60 Completed Received
Final
Assays
BKM32350-03 768839.3 9932350.0 460.0 143.1 270 -60 Completed Received
Final
Assays
BKM32350-04 768737.7 9932350.1 489.6 111.5 270 -60 Completed Received
Final
Assays
BKM32350-05 768666.0 9932350.1 517.0 124.7 270 -60 Completed Received
Final
(MORE TO FOLLOW) Dow Jones Newswires
September 29, 2015 02:00 ET (06:00 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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