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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 |
Hot Features
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TIDMARS
Vancouver, British Columbia -- Asiamet Resources Limited ("ARS" or the
"Company") is pleased to announce that recent drilling as part of the
Resource evaluation program in progress on the Beruang Kanan Main
("BKM") copper deposit in Central Kalimantan, Indonesia has identified a
second zone of higher grade copper mineralization within the BKM
Resource. The delineation of these two shallow, higher grade zones is
expected to have a very positive impact on the BKM project economics.
Assay results were received for an additional nine holes drilled to
increase confidence and expand the BKM Resource. In total, 66 holes and
5605 meters of the planned 80 hole/ 6500 meter resource evaluation
drilling program have now been completed and two holes are currently in
progress.
Higher grade copper mineralization has now been identified in two
separate parts of the BKM deposit, namely the northern BK044 Zone and
the southern BK058 Zone (refer Figure 1). Within the BK044 Zone, hole
BKM32350-02 (125.9m end of hole ("EOH")) intersected shallow, high grade
copper mineralization very similar to that reported previously to the
northwest in hole BKM32450-01 (refer ARS Press Release Wednesday May 13,
2015) and southwest in hole BK045 (refer ARS Press Release Monday June
10, 2013). Better results include:
BKM32350-02 35.0 meters at 1.73% Cu, (from 20 meters
depth)
-- Including 11 meters at 3.49 Cu (from 20 meters)
-- Includes 2 meters at 10.15% Cu (from 20 meters)
BKM32350-02 14.0 meters at 1.42% Cu, (from 65 meters
depth)
-- Including 6 meters at 2.53% Cu (from 72 meters)
This high grade, shallow copper mineralisation in BKM32350-02 is similar
in style to that recently identified in the BK058 Zone 11m at 2.96% Cu,
including 2 meters at 9.26% Cu, from 6 meters (refer ARS Press Release
August 26, 2015) and BK058 64.9m at 1.24% Cu, including 9 meters at
7.35% Cu, from 11.7 meters (refer ARS Press Release August 22, 2013).
Drilling aimed at confirming continuity and expanding these higher grade
zones is ongoing and further results will be reported over the coming
weeks.
The first hole on section line BKM32200 (110.2m EOH) intersected
pervasive copper mineralization from near surface and a smaller interval
of higher grade at deeper levels. Results received for drill hole
BKM32200-01 confirm the moderate to high grade copper mineralization
previously outlined in wide spaced drilling. Better results include:
BKM32200-01 55.0 meters at 0.58% Cu, (from 2.0 meters
depth)
-- Including 7.00 meters at 0.86% Cu (from 4.0 meters)
-- Including 9.0 meters at 0.72% Cu (from 36.0 meters)
BKM32200-01 6.0 meters at 2.47% Cu, (from 76.0 meters
depth)
-- Including 1.0 meter at 12.5% Cu (from 76.0 meters)
Two additional holes have also been completed on this line and assays
are expected shortly.
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.
Infill and expansion drilling at the BKM deposit will be completed by
mid-September and an updated Resource estimate is being prepared for
release in late September or early October subject to receipt of final
assays for all drill holes. Scout drilling of the BKS and BKW targets
is expected to commence by the end of September.
Tony Manini, Kalimantan Gold's Chief Executive Officer commented:
"The delineation of these two discrete areas of higher grade copper
mineralization within the BKM Resource envelope is a promising
development for the Beruang Kanan copper project. With further drilling
we expect the continuity of these two shallow zones to be confirmed and
anticipate that they will have a highly positive impact on the project
economics when our evaluation of various mining scenarios commences in
Q4, 2015. Asiamet looks forward to providing further results from
ongoing drilling and metallurgical test work, and a Resource update for
BKM, in the coming weeks"
Table 1: Recent drill intercepts.
HOLE ID From To Length Copper (%) Cumulative Cu Mineralized Interval
BKM31850-03 14.5 24.5 10.0 0.93 10 Meters
BKM31850-04 74.5 77.5 3.0 0.68 4 Meters
BKM31850-04 88.2 892 1.0 1.69
BKM31850-05 No Significant Intervals
BKM32050-03 No Significant Intervals
BKM32150-01 No Significant Intervals
BKM32150-02 3.15 55.0 51.85 0.46 51.85 Meters
Including 9.0 22.0 13.0 0.65
BKM32200-01 2.0 57.0 55.0 0.58 64.0 Meters
Including 4.0 11.0 7.0 0.86
Including 36.0 45.0 9.0 0.72
BKM32200-01 76.0 82.0 6.0 2.47
Including 76.0 77.0 1.0 12.50
BKM32200-01 89.0 92.0 3.0 1.06
BKM32350-02 20.0 55.0 35.0 1.73 57.0 Meters
Including 20.0 31.0 11.0 3.49
Includes 20.0 22.0 2.0 10.15
BKM32350-02 65.0 79.0 14.0 1.42
Including 72.0 78.0 6.0 2.53
BKM32350-02 84.0 92.0 8.0 0.72
BKM32350-03 4.5 14.5 10.0 0.78 72.0 Meters
BKM32350-03 22.5 37.5 15.0 0.42
BKM32350-03 45.5 54.5 9.0 0.93
BKM32350-03 60.5 66.0 5.5 0.79
BKM32350-03 104.0 119.0 15.0 0.53
Including 109.0 115.0 6.0 0.83
BKM32350-03 124.0 141.5 17.5 0.42
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 for figure 1, please click on the following link:
http://www.fscwire.com/sites/default/files/NR/792/8102_asaimetimage1.jpg
Table 2: Updated Drill Hole Details
Hole ID Easting Northing RL Depth Azi Dip Status Assays
Assays
BKM31550-01 768877.2 9931550.0 428.0 75.0 270 -60 Completed Pending
Assays
BKM31550-02 769078.3 9931550.0 379.1 70.4 270 -60 Completed Pending
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
(MORE TO FOLLOW) Dow Jones Newswires
September 15, 2015 02:00 ET (06:00 GMT)
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
Assays
BKM31800-01 769008.5 9931799.9 401.7 85.8 270 -60 Completed Pending
Assays
BKM31800-02 769069.4 9931800.0 375.2 80.1 270 -60 Completed Pending
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
Assays
BKM31850-06 769157.2 9931850.0 318.0 50.0 270 -60 Completed Pending
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
Assays
BKM32150-01 768970.3 9932150.0 410.9 100.5 270 -60 Completed Pending
Assays
BKM32150-02 768922.1 9932150.0 427.0 110.1 270 -60 Completed Pending
Assays
BKM32150-03 768828.5 9932150.0 458.4 120.0 270 -60 Completed Pending
Assays
BKM32150-04 768729.5 9932150.0 479.5 100.3 270 -60 Completed Pending
Final
Assays
BKM32200-01 768835.2 9932201.1 470.9 110.2 270 -60 Completed Received
Assays
BKM32200-02 768901.0 9932200.9 463.2 110.2 270 -60 Completed Pending
Assays
BKM32200-03 768949.7 9932200.8 426.0 111.0 270 -60 Completed Pending
Hole ID Easting Northing RL Depth Azi Dip Status Assays
Assays
BKM32250-01 768731.7 9932249.9 504.1 84.3 270 -60 Completed Pending
Assays
BKM32250-02 768836.9 9932250.0 483.3 110.8 270 -60 Completed Pending
Assays
BKM32250-03 768881.0 9932249.9 457.6 101.9 270 -60 Completed Pending
Assays
BKM32250-04 768973.8 9932249.9 402.9 25.0 270 -60 In-Progress 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
Assays
BKM32350-04 768737.7 9932350.1 489.6 111.5 270 -60 Completed Pending
Assays
BKM32350-05 768666.0 9932350.1 517.0 124.7 270 -60 Completed Pending
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
Assays
BKM32500-01 768674.4 9932503.0 460.3 116.7 270 -60 Completed Pending
Assays
BKM32500-02 768775.6 9932502.0 427.7 120.9 270 -60 Completed Pending
Final
Assays
(MORE TO FOLLOW) Dow Jones Newswires
September 15, 2015 02:00 ET (06:00 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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