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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 further high
grade assays have been received for resource evaluation drilling at the
Beruang Kanan Main ("BKM") copper deposit in Central Kalimantan,
Indonesia. Drilling within the BK044 zone continues to intersect wide
intervals of higher grade copper mineralization (refer Figure 1).
Assay results were received for an additional five holes drilled to
increase confidence and expand the BKM Resource. Results for the final
five holes are expected shortly and an updated Resource estimate for BKM
will follow shortly thereafter.
The Company has now received complete assays for BKM32250-03 (101.9m end
of hole ("EOH")). Assay results for the upper section of this hole were
reported previously (refer Press Release September 29, 2015) and
included 22.0 meters at 2.76% Cu, (from 22 meters depth). Further high
grade mineralization was intersected from 50 meters to EOH, with the
final 7.9 meters assaying 2.61% Cu and terminating in 0.9 meter at 2.25%
Cu. Better results from this hole include:
BKM32250-03 51.9 meters at 1.36% Cu, (from 50 meters
depth)
-- Including 13.0 meters at 1.46% Cu (from 64 meters)
-- Including 7.0 meters at 2.15% Cu (from 85 meters)
-- Including 7.9 meters at 2.61% Cu (from 94 meters)
Approximately 250 meters north of BKM32250-03, drill holes BKM32500-01
(116.7m EOH) and BKM2500-02 (120.9m EOH) both intersected shallow, high
grade copper mineralization of similar style and grade. Better results
include:
BKM32500-01 44.0 meters at 0.91% Cu, (from 25 meters
depth)
-- Including 4 meters at 2.11% Cu (from 25.0 meters)
-- Including 3 meters at 1.53% Cu (from 35.0 meters)
-- Including 2 meters at 2.61% Cu (from 41.0 meters)
BKM32500-02 76.0 meters at 0.81% Cu, (from 3.0 meters
depth)
-- Including 6.0 meters at 1.61% Cu (from 3.0 meters)
-- Including 8.5 meters at 1.09% Cu (from 50.0 meters)
-- Including 7.0 meters at 1.35% Cu (from 67.0 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 complete for 2015 and assays have been received for
66 of 71 holes drilled. One drill rig remains active at Beruang Kanan
South ("BKS"), where scout drilling is testing a broad copper in soil
anomaly. Upon receipt of assays for the last five BKM holes, an update
of the Resource Estimate will be completed. Metallurgical test work is
ongoing and mining studies will commence shortly. Results will be
progressively reported.
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:
"The flow of excellent results from Asiamet's 2015 drilling program at
BKM continues to highlight the potential for a near term mine
development with robust economics. In particular, the delineation of two
discrete shallow, higher grade zones is very promising. Following
receipt of final assays and reporting of the Resource update for BKM the
Company's focus will move to the critically important heap leach test
work and mining studies, feeding into the PEA. The PEA will define the
initial financial and operating parameters for the BKM project and
provide the basis for a decision to move into feasibility studies. This
is an exciting time for Asiamet and we look forward to providing
investors with regular updates as each component of the PEA is compiled
in the coming months"
Table 1: Recent drill intercepts.
HOLE ID From To Length Copper (%) Cumulative Cu Mineralized Interval
BKM32500-01 9.0 12.0 3.0 0.77 69.0 Meters
BKM32500-01 15.0 17.0 2.0 0.87
BKM32500-01 25.0 69.0 44.0 0.91
Including 25.0 29.0 4.0 2.11
Including 35.0 38.0 3.0 1.53
Including 41.0 43.0 2.0 2.61
Including 47.0 49.0 2.0 1.19
BKM32500-01 78.0 98.0 20.0 0.52
BKM32500-02 3.0 79.0 76.0 0.81 105.0 Meters
Including 3.0 9.0 6.0 1.61
Including 50.0 58.5 8.5 1.09
Including 67.0 74.0 7.0 1.35
BKM32500-02 85.0 114.0 29.0 0.74
Including 88.0 98.5 10.5 1.02
78.9 Meters (including 27m interval
BKM32250-03 50.0 101.9 51.9 1.36 reported previously)
Including 64.0 77.0 13.0 1.46
Including 85.0 92.0 7.0 2.15
Including 94.0 101.9 7.9 2.61
BKM32250-04 43.0 48.0 5.0 0.39 5.0 Meters
BKM31850-07 No Significant Assays
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 Figure 1, click onto the link below or copy and paste in your
browser:
http://www.fscwire.com/sites/default/files/NR/792/8378_AsiametFig1.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
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
(MORE TO FOLLOW) Dow Jones Newswires
October 08, 2015 02:00 ET (06:00 GMT)
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
Final
Assays
BKM31850-07 769060.5 9931850.0 351.0 46.6 270 -60 Completed Received
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
Final
Assays
BKM32250-03 768881.0 9932249.9 457.6 101.9 270 -60 Completed Received
Final
Assays
BKM32250-04 768973.8 9932249.9 402.9 104.3 270 -60 Completed Received
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
Assays
BKM32450-01 768849.2 9932443.7 422.4 92.4 270 -60 Completed Received
Final
Assays
BKM32450-02 768745.4 9932452.6 442.5 70.6 270 -60 Completed Received
Final
Assays
BKM32450-03 768710.3 9932454.5 451.3 75.2 270 -60 Completed Received
Final
Assays
BKM32450-04 768616.4 9932457.4 484.7 65.4 270 -60 Completed Received
Final
Assays
BKM32450-05 768567.6 9932457.5 495.6 65.4 270 -60 Completed Received
Final
Assays
BKM32450-06 768519.9 9932462.8 521.9 75.8 270 -60 Completed Received
Final
Assays
BKM32450-07 768470.7 9932455.1 536.8 50.5 270 -60 Completed Received
Final
Assays
BKM32450-08 768423.1 9932457.5 544.7 46.6 270 -60 Completed Received
Final
Assays
BKM32450-09 769101.1 9932450.0 374.7 46.4 270 -60 Completed Received
Final
Assays
BKM32450-10 768978.2 9932450.0 395.6 33.5 270 -60 Completed Received
(MORE TO FOLLOW) Dow Jones Newswires
October 08, 2015 02:00 ET (06:00 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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