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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% | 0.825 | 0.80 | 0.85 | 0.875 | 0.825 | 0.825 | 2,713,343 | 10:35:22 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 0 | -6.93M | -0.0027 | -3.04 | 21.27M |
From Apr 2019 to Apr 2024
TIDMARS
RNS Number : 4125T
Asiamet Resources Limited
20 March 2019
20 March 2019
Additional BFS drilling results further strengthen BKM Resource
Asiamet Resources Limited ("ARS" or the "Company") is pleased to report that additional assay results received from the infill and geotechnical drilling as part of the Bankable Feasibility Study ("BFS") on the Beruang Kanan Main ("BKM") copper deposit located in Central Kalimantan, Indonesia. These results confirm expectations and further strengthen the robustness of the BKM Resource models.
A total of 37 Resource evaluation holes and four geotechnical holes for 5,665 metres of diamond core drilling have been completed with assays from 32 drill holes received to date. The Company anticipates receiving results from the remaining nine holes before the end of March 2019. Once all assay data has been received, Resource models will be updated and used to generate first Ore Reserves for the BKM copper project.
Highlights from the most recent drilling include:
BKM31550-06 19.00 metres at 1.16% Cu from 72.5 metres depth
-- Including 5.00 metres at 1.43% Cu from 82.50 metres depth -- Including 2.00 metres at 2.61% Cu from 89.50 metres depth
BKM31550-09 27.00 metres at 0.67% Cu from 57.50 metres depth
-- Including 3.00 metres at 2.15% Cu from 80.50 metres depth
BKM31630-01 14.00 metres at 0.81% Cu from 15.00 metres depth
7.00 metres at 0.97% Cu from 57.50 metres depth
20.00 metres at 1.10% Cu from 100.00 metres depth
-- Including 6.00 metres at 2.04% Cu from 113.00 metres depth
BKM32490-02 3.00 metres at 0.68% Cu from 8.00 metres depth
38.50 metres at 1.01% Cu from 22.00 metres depth
-- Including 9.00 metres at 2.86% Cu from 33.00 metres depth
33.00 metres at 0.63% Cu from 69.5 metres depth
-- Including 8.00 metres at 1.14% Cu from 89.50 metres depth
16.00 metres at 0.63% Cu from 144.00 metres depth
-- Including 4.00 metres at 1.32% Cu from 156.00 metres depth
Full assay results are provided in Table 1 and a drill hole location plan is shown in figure 1 below.
Figure 1: Map showing drilling location to view the image please click on the following link:
http://www.rns-pdf.londonstockexchange.com/rns/4125T_1-2019-3-20.pdf
Resource infill holes BKM31500-06, BKM31500-07, BKM31550-06, BKM31550-08, BKM31550-09, BKM31630-01, BKM31630-02, BKM31550-11 and BKM31600-08 drilled in the southern area of the current proposed open pit continued to intersect zones of covellite/bornite mineralisation associated with quartz and pyrite veining. Hole BKM31500-07 drilled at the southern edge of the proposed open pit intersected narrow zones of high-grade mineralisation comprising covellite and minor chalcopyrite.
Resource infill holes BKM32400-12, BKM32450-11, BKM32490-02, BKM32540-02, BKM31315-01 and BKM 32365-02 and BKM31550-11 drilled at the northern area of the current proposed open pit continued to intersect broad intervals of near-surface high-grade mineralisation. Hole BKM32400-12 (180.90m) intersected broad intervals of strong mineralisation grading 1.22% Cu to the bottom of hole. Mineralisation remains open at depth.
Peter Bird, Asiamet Chief Executive Officer, commented:
"The additional program of thirty-seven Resource evaluation and four geotechnical drilling required for the BKM BFS have been completed on schedule. The results received to date align well with expectations and further strengthen the robustness of our Resource models as we move into the final phase of mine and process design to generate an initial Ore Reserve for the BKM project. Results from the final nine holes will be reported as they become available later this month.
Upside potential in and around the BKM deposit remains very high and an external geological consultant with extensive experience in Indonesia has recently been engaged to further strengthen our understanding of the BKM geological system and develop a suite of additional high potential near mine Resource targets for testing in the next round of drilling. This work is currently under way and we look forward to providing an update on this target generation program shortly."
Qualified Person
Data disclosed in this press release have been reviewed and verified by ARS's qualified person, Stephen Hughes, P. Geo, an advisor to the Company and a Qualified Person within the meaning of NI 43-101 and for the purposes of the AIM Rules for Companies.
ON BEHALF OF THE BOARD OF DIRECTORS
Peter Bird, Deputy Chairman and CEO
For further information, please contact:
-Ends-
Peter Bird
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: peter.bird@asiametresources.com
Tony Manini
Executive Chairman, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: tony.manini@asiametresources.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
Berenberg
Matthew Armitt, Detlir Elezi
Telephone: +44 20 3753 3142
Email: Matthew.Armitt@berenberg.com / Detlir.Elezi@berenberg.com
Liberum
Clayton Bush, Kane Collings
Telephone: +44 7773 322679
Email: Clayton.Bush@Liberum.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").
Table 1: Recent drill intercepts
Hot Features
Premium
Hole ID From (m) To (m) Length (m) Cu (%)
--------- ------- ----------- -------
BKM31500-06 21.00 22.00 1.00 0.23
--------------------- --------- ------- ----------- -------
BKM31500-06 26.00 27.00 1.00 0.36
--------------------- --------- ------- ----------- -------
BKM31500-06 36.00 38.00 2.00 0.27
--------------------- --------- ------- ----------- -------
BKM31500-06 50.00 51.00 1.00 0.50
--------------------- --------- ------- ----------- -------
BKM31500-07 67.50 68.50 1.00 0.94
--------------------- --------- ------- ----------- -------
BKM31500-07 72.50 80.50 8.00 0.40
--------------------- --------- ------- ----------- -------
BKM31500-07 83.50 86.50 3.00 3.14
--------------------- --------- ------- ----------- -------
BKM31500-07 87.50 88.50 1.00 0.39
--------------------- --------- ------- ----------- -------
BKM31500-07 91.50 92.50 1.00 1.70
--------------------- --------- ------- ----------- -------
BKM31500-07 96.50 100.00 3.50 0.47
--------------------- --------- ------- ----------- -------
BKM31550-06 36.00 38.00 2.00 0.43
--------------------- --------- ------- ----------- -------
BKM31550-06 62.50 63.50 1.00 0.52
--------------------- --------- ------- ----------- -------
BKM31550-06 72.50 91.50 19.00 1.16
--------------------- --------- ------- ----------- -------
includes 82.50 87.50 5.00 1.43
--------------------- --------- ------- ----------- -------
includes 89.50 91.50 2.00 2.61
--------------------- --------- ------- ----------- -------
BKM31550-06 93.50 94.50 1.00 0.58
--------------------- --------- ------- ----------- -------
BKM31550-06 96.50 102.50 6.00 0.44
--------------------- --------- ------- ----------- -------
BKM31550-06 104.50 106.50 2.00 0.48
--------------------- --------- ------- ----------- -------
BKM31550-08 25.00 26.00 1.00 0.6
--------------------- --------- ------- ----------- -------
BKM31550-08 27.00 29.00 2.00 0.35
--------------------- --------- ------- ----------- -------
BKM31550-09 11.50 13.50 2.00 0.35
--------------------- --------- ------- ----------- -------
BKM31550-09 39.00 42.50 3.50 0.46
--------------------- --------- ------- ----------- -------
BKM31550-09 48.50 49.50 1.00 0.82
--------------------- --------- ------- ----------- -------
BKM31550-09 57.50 84.50 27.00 0.67
--------------------- --------- ------- ----------- -------
includes 80.50 83.50 3.00 2.15
--------------------- --------- ------- ----------- -------
BKM31550-10 50.00 51.00 1.00 0.31
--------------------- --------- ------- ----------- -------
BKM31550-10 53.00 55.00 2.00 0.69
--------------------- --------- ------- ----------- -------
BKM31550-10 56.00 57.00 1.00 0.62
--------------------- --------- ------- ----------- -------
BKM31550-10 61.00 62.00 1.00 0.24
--------------------- --------- ------- ----------- -------
BKM31550-10 64.00 73.00 9.00 0.39
--------------------- --------- ------- ----------- -------
BKM31550-10 74.00 75.00 1.00 0.33
--------------------- --------- ------- ----------- -------
BKM31550-10 77.40 80.90 3.50 0.23
--------------------- --------- ------- ----------- -------
BKM31550-10 85.00 94.00 9.00 0.45
--------------------- --------- ------- ----------- -------
BKM31550-10 96.00 100.00 4.00 0.60
--------------------- --------- ------- ----------- -------
BKM31550-10 101.00 109.00 8.00 0.71
--------------------- --------- ------- ----------- -------
includes 101.00 102.00 1.00 1.88
--------------------- --------- ------- ----------- -------
BKM31550-10 111.00 119.00 8.00 1.04
--------------------- --------- ------- ----------- -------
includes 114.00 115.00 1.00 4.19
--------------------- --------- ------- ----------- -------
BKM31630-01 15.00 29.00 14.00 0.81
--------------------- --------- ------- ----------- -------
BKM31630-01 35.25 36.50 1.25 0.24
--------------------- --------- ------- ----------- -------
BKM31630-01 57.50 64.50 7.00 0.97
--------------------- --------- ------- ----------- -------
BKM31630-01 70.50 71.50 1.00 0.25
--------------------- --------- ------- ----------- -------
BKM31630-01 72.50 76.50 4.00 0.64
--------------------- --------- ------- ----------- -------
BKM31630-01 82.50 83.50 1.00 0.47
--------------------- --------- ------- ----------- -------
BKM31630-01 100.00 120.00 20.00 1.10
--------------------- --------- ------- ----------- -------
includes 113.00 119.00 6.00 2.04
--------------------- --------- ------- ----------- -------
BKM31630-01 123.00 124.00 1.00 0.20
--------------------- --------- ------- ----------- -------
BKM31630-01 134.00 135.00 1.00 0.44
--------------------- --------- ------- ----------- -------
BKM31630-02 23.50 25.50 2.00 0.37
--------------------- --------- ------- ----------- -------
BKM31630-02 26.50 27.50 1.00 1.93
--------------------- --------- ------- ----------- -------
BKM31630-02 29.50 32.50 3.00 0.72
--------------------- --------- ------- ----------- -------
BKM31630-02 33.50 36.50 3.00 0.25
--------------------- --------- ------- ----------- -------
BKM31630-02 38.50 41.75 3.25 2.40
--------------------- --------- ------- ----------- -------
BKM31630-02 45.00 46.00 1.00 0.26
--------------------- --------- ------- ----------- -------
BKM31630-02 57.00 58.00 1.00 0.30
--------------------- --------- ------- ----------- -------
BKM31630-02 69.00 72.00 3.00 0.84
--------------------- --------- ------- ----------- -------
BKM31630-02 78.00 99.00 21.00 0.59
--------------------- --------- ------- ----------- -------
includes 94.00 97.00 3.00 1.87
--------------------- --------- ------- ----------- -------
BKM31630-02 133.00 134.00 1.00 0.33
--------------------- --------- ------- ----------- -------
BKM32315-01 2.50 3.50 1.00 0.36
--------------------- --------- ------- ----------- -------
BKM32315-01 4.50 6.50 2.00 0.22
--------------------- --------- ------- ----------- -------
BKM32315-01 14.50 17.50 3.00 0.23
--------------------- --------- ------- ----------- -------
BKM32315-01 18.50 20.50 2.00 0.23
--------------------- --------- ------- ----------- -------
BKM32315-01 21.50 22.50 1.00 0.38
--------------------- --------- ------- ----------- -------
BKM32315-01 25.50 27.50 2.00 0.25
--------------------- --------- ------- ----------- -------
BKM32315-01 30.50 31.50 1.00 0.28
--------------------- --------- ------- ----------- -------
BKM32315-01 42.50 44.50 2.00 0.29
--------------------- --------- ------- ----------- -------
BKM32315-01 53.75 55.00 1.25 0.22
--------------------- --------- ------- ----------- -------
BKM32315-01 56.00 57.00 1.00 0.47
--------------------- --------- ------- ----------- -------
BKM32315-01 103.00 104.00 1.00 0.61
--------------------- --------- ------- ----------- -------
BKM32315-01 105.00 107.00 2.00 0.32
--------------------- --------- ------- ----------- -------
BKM32315-01 113.00 119.00 6.00 1.17
--------------------- --------- ------- ----------- -------
includes 113.00 115.00 2.00 1.53
--------------------- --------- ------- ----------- -------
BKM32315-01 120.00 122.00 2.00 0.66
--------------------- --------- ------- ----------- -------
BKM32315-01 123.00 124.00 1.00 0.20
--------------------- --------- ------- ----------- -------
BKM32315-01 126.25 127.50 1.25 0.21
--------------------- --------- ------- ----------- -------
BKM32315-01 134.00 141.00 7.00 0.95
--------------------- --------- ------- ----------- -------
BKM32315-01 144.50 145.50 1.00 0.24
--------------------- --------- ------- ----------- -------
BKM32315-01 150.50 170.00 19.50 1.10
--------------------- --------- ------- ----------- -------
includes 167.30 168.50 1.20 8.89
--------------------- --------- ------- ----------- -------
BKM32350-08 2.50 47.50 45.00 1.29
--------------------- --------- ------- ----------- -------
includes 6.50 20.50 14.00 1.92
--------------------- --------- ------- ----------- -------
includes 37.50 39.50 2.00 2.48
--------------------- --------- ------- ----------- -------
includes 42.50 44.50 2.00 5.54
--------------------- --------- ------- ----------- -------
BKM32350-08 50.50 62.50 12.00 0.43
--------------------- --------- ------- ----------- -------
BKM32350-08 65.50 97.50 32.00 0.54
--------------------- --------- ------- ----------- -------
includes 87.50 89.50 2.00 1.25
--------------------- --------- ------- ----------- -------
BKM32350-08 105.50 114.50 9.00 0.37
--------------------- --------- ------- ----------- -------
BKM32350-08 117.50 132.50 15.00 0.53
--------------------- --------- ------- ----------- -------
includes 120.50 123.50 3.00 1.36
--------------------- --------- ------- ----------- -------
BKM32350-08 136.50 138.50 2.00 0.30
--------------------- --------- ------- ----------- -------
BKM32350-08 144.50 146.50 2.00 0.27
--------------------- --------- ------- ----------- -------
BKM32350-08 153.50 190.50 37.00 1.09
--------------------- --------- ------- ----------- -------
includes 159.50 162.50 3.00 2.05
--------------------- --------- ------- ----------- -------
includes 174.50 183.50 9.00 2.11
--------------------- --------- ------- ----------- -------
BKM23350-08 196.50 197.50 1.00 0.34
--------------------- --------- ------- ----------- -------
BKM23350-08 198.50 199.50 1.00 0.28
--------------------- --------- ------- ----------- -------
BKM23350-08 201.50 204.50 3.00 0.55
--------------------- --------- ------- ----------- -------
BKM32365-01 33.00 42.00 9.00 1.43
--------------------- --------- ------- ----------- -------
includes 35.00 39.00 4.00 2.42
--------------------- --------- ------- ----------- -------
BKM32365-01 51.00 54.00 3.00 0.41
--------------------- --------- ------- ----------- -------
BKM32365-01 56.00 57.00 1.00 0.32
--------------------- --------- ------- ----------- -------
BKM32365-01 59.00 60.00 1.00 0.44
--------------------- --------- ------- ----------- -------
BKM32365-01 62.00 65.00 3.00 0.31
--------------------- --------- ------- ----------- -------
BKM32365-01 66.00 67.00 1.00 0.22
--------------------- --------- ------- ----------- -------
BKM32365-01 69.00 71.00 2.00 0.23
--------------------- --------- ------- ----------- -------
BKM32365-01 74.00 75.00 1.00 0.88
--------------------- --------- ------- ----------- -------
BKM32365-01 81.00 83.00 2.00 0.34
--------------------- --------- ------- ----------- -------
BKM32365-01 86.00 95.00 9.00 0.42
--------------------- --------- ------- ----------- -------
BKM32365-01 98.00 99.00 1.00 0.23
--------------------- --------- ------- ----------- -------
BKM32365-01 102.00 105.00 3.00 1.49
--------------------- --------- ------- ----------- -------
BKM32365-01 110.00 113.00 3.00 0.46
--------------------- --------- ------- ----------- -------
BKM32365-01 114.00 115.25 1.25 0.24
--------------------- --------- ------- ----------- -------
BKM32365-01 122.80 124.00 1.20 0.21
--------------------- --------- ------- ----------- -------
BKM32365-01 126.00 129.00 3.00 0.65
--------------------- --------- ------- ----------- -------
BKM32365-01 139.00 140.00 1.00 0.28
--------------------- --------- ------- ----------- -------
BKM32365-01 147.00 148.00 1.00 1.39
--------------------- --------- ------- ----------- -------
BKM32365-01 151.00 152.00 1.00 0.35
--------------------- --------- ------- ----------- -------
BKM32365-01 155.00 161.00 6.00 0.25
--------------------- --------- ------- ----------- -------
BKM32365-01 162.00 164.00 2.00 0.44
--------------------- --------- ------- ----------- -------
BKM32365-01 166.00 167.25 1.25 0.21
--------------------- --------- ------- ----------- -------
BKM32400-12 3.00 10.00 7.00 0.31
--------------------- --------- ------- ----------- -------
BKM32400-12 59.00 60.00 1.00 0.34
--------------------- --------- ------- ----------- -------
BKM32400-12 62.00 63.00 1.00 0.25
--------------------- --------- ------- ----------- -------
BKM32400-12 64.00 74.00 10.00 1.22
--------------------- --------- ------- ----------- -------
includes 69.00 72.00 3.00 2.62
--------------------- --------- ------- ----------- -------
BKM32400-12 78.00 79.00 1.00 0.25
--------------------- --------- ------- ----------- -------
BKM32400-12 84.00 85.00 1.00 0.34
--------------------- --------- ------- ----------- -------
BKM32400-12 88.00 89.00 1.00 0.40
--------------------- --------- ------- ----------- -------
BKM32400-12 91.00 92.00 1.00 0.28
--------------------- --------- ------- ----------- -------
BKM32400-12 95.00 97.00 2.00 0.31
--------------------- --------- ------- ----------- -------
BKM32400-12 99.00 100.00 1.00 0.98
--------------------- --------- ------- ----------- -------
BKM32400-12 122.00 126.00 4.00 0.24
--------------------- --------- ------- ----------- -------
BKM32400-12 128.00 139.00 11.00 0.36
--------------------- --------- ------- ----------- -------
BKM32400-12 141.00 144.00 3.00 0.49
--------------------- --------- ------- ----------- -------
BKM32400-12 147.00 160.00 13.00 0.39
--------------------- --------- ------- ----------- -------
BKM32400-12 164.00 180.90 16.90 0.50
--------------------- --------- ------- ----------- -------
includes 178.50 180.90 2.40 1.22
--------------------- --------- ------- ----------- -------
BKM32450-11 11.50 12.50 1.00 0.27
--------------------- --------- ------- ----------- -------
BKM32450-11 21.50 22.50 1.00 0.31
--------------------- --------- ------- ----------- -------
BKM32450-11 25.50 27.50 2.00 0.7
--------------------- --------- ------- ----------- -------
BKM32450-11 29.50 30.50 1.00 0.56
--------------------- --------- ------- ----------- -------
BKM32450-11 33.50 34.50 1.00 0.48
--------------------- --------- ------- ----------- -------
BKM32450-11 35.50 37.50 2.00 0.48
--------------------- --------- ------- ----------- -------
BKM32450-11 39.50 41.50 2.00 0.29
--------------------- --------- ------- ----------- -------
BKM32450-11 44.50 65.50 21.00 0.78
--------------------- --------- ------- ----------- -------
includes 57.75 63.50 5.75 1.61
--------------------- --------- ------- ----------- -------
BKM32450-11 71.00 72.00 1.00 0.32
--------------------- --------- ------- ----------- -------
BKM32450-11 78.00 79.00 1.00 0.46
--------------------- --------- ------- ----------- -------
BKM32450-11 85.00 88.00 3.00 0.77
--------------------- --------- ------- ----------- -------
BKM32450-11 97.00 108.00 11.00 0.5
--------------------- --------- ------- ----------- -------
BKM32450-11 112.00 114.00 2.00 0.35
--------------------- --------- ------- ----------- -------
BKM32450-11 127.00 130.00 3.00 0.29
--------------------- --------- ------- ----------- -------
BKM32450-11 136.00 180.00 44.00 0.69
--------------------- --------- ------- ----------- -------
includes 162.00 165.00 3.00 1.36
--------------------- --------- ------- ----------- -------
BKM32490-02 8.00 11.00 3.00 0.68
--------------------- --------- ------- ----------- -------
BKM32490-02 22.00 60.50 38.50 1.01
--------------------- --------- ------- ----------- -------
includes 33.00 42.00 9.00 2.86
--------------------- --------- ------- ----------- -------
BKM32490-02 69.50 102.50 33.00 0.63
--------------------- --------- ------- ----------- -------
includes 89.50 97.50 8.00 1.14
--------------------- --------- ------- ----------- -------
BKM32490-02 105.50 111.00 5.50 0.75
--------------------- --------- ------- ----------- -------
includes 109.00 111.00 2.00 1.19
--------------------- --------- ------- ----------- -------
BKM32490-02 128.00 138.00 10.00 0.64
--------------------- --------- ------- ----------- -------
includes 135.00 138.00 3.00 1.45
--------------------- --------- ------- ----------- -------
BKM32490-02 144.00 160.00 16.00 0.63
--------------------- --------- ------- ----------- -------
includes 156.00 160.00 4.00 1.32
--------------------- --------- ------- ----------- -------
BKM32540-02 3.00 18.00 15.00 0.75
--------------------- --------- ------- ----------- -------
includes 4.00 8.00 4.00 1.16
--------------------- --------- ------- ----------- -------
BKM32540-02 22.80 24.00 1.20 0.33
--------------------- --------- ------- ----------- -------
BKM32540-02 29.00 30.00 1.00 0.32
--------------------- --------- ------- ----------- -------
BKM32540-02 35.50 37.05 1.55 0.62
--------------------- --------- ------- ----------- -------
BKM32540-02 41.40 43.00 1.60 0.74
--------------------- --------- ------- ----------- -------
BKM32540-02 46.35 60.00 13.65 1.20
--------------------- --------- ------- ----------- -------
includes 52.50 58.75 6.25 2.21
--------------------- --------- ------- ----------- -------
BKM32540-02 73.50 74.80 1.30 0.47
--------------------- --------- ------- ----------- -------
BKM32540-02 76.70 81.00 4.30 0.27
--------------------- --------- ------- ----------- -------
BKM32540-02 88.00 89.00 1.00 0.28
--------------------- --------- ------- ----------- -------
BKM32540-02 96.50 102.50 6.00 0.36
--------------------- --------- ------- ----------- -------
BKM32540-02 104.80 107.15 2.35 0.27
--------------------- --------- ------- ----------- -------
BKM32540-02 108.50 110.50 2.00 0.26
--------------------- --------- ------- ----------- -------
BKM32540-02 113.50 114.50 1.00 0.21
--------------------- --------- ------- ----------- -------
BKM32540-02 117.15 122.75 5.60 0.30
--------------------- --------- ------- ----------- -------
BKM32540-02 127.60 131.50 3.90 0.54
--------------------- --------- ------- ----------- -------
BKM32540-02 132.50 151.00 18.50 0.56
--------------------- --------- ------- ----------- -------
BKM32540-02 154.00 162.25 8.25 0.34
--------------------- --------- ------- ----------- -------
BKM32540-02 178.50 179.50 1.00 0.29
--------------------- --------- ------- ----------- -------
BKM32540-02 180.60 182.00 1.40 0.20
--------------------- --------- ------- ----------- -------
BKM32540-02 188.00 200.00 12.00 0.51
--------------------- --------- ------- ----------- -------
BKM32365-02 20.00 24.00 4.00 0.25
--------------------- --------- ------- ----------- -------
BKM32365-02 29.00 39.00 10.00 0.84
--------------------- --------- ------- ----------- -------
includes 31.00 34.00 3.00 1.68
--------------------- --------- ------- ----------- -------
BKM32365-02 43.00 44.00 1.00 0.21
--------------------- --------- ------- ----------- -------
BKM32365-02 48.00 50.00 2.00 0.45
--------------------- --------- ------- ----------- -------
BKM32365-02 53.00 55.00 2.00 0.32
--------------------- --------- ------- ----------- -------
BKM32365-02 57.00 58.00 1.00 0.29
--------------------- --------- ------- ----------- -------
BKM32365-02 66.50 67.50 1.00 1.07
--------------------- --------- ------- ----------- -------
BKM32365-02 74.50 76.50 2.00 0.28
--------------------- --------- ------- ----------- -------
BKM32365-02 80.50 81.50 1.00 0.20
--------------------- --------- ------- ----------- -------
BKM32365-02 90.50 94.50 4.00 0.44
--------------------- --------- ------- ----------- -------
BKM32365-02 116.00 120.70 4.70 0.59
--------------------- --------- ------- ----------- -------
BKM32365-02 130.50 131.50 1.00 0.64
--------------------- --------- ------- ----------- -------
BKM32365-02 134.50 140.50 6.00 0.59
--------------------- --------- ------- ----------- -------
BKM32365-02 142.50 147.50 5.00 0.47
--------------------- --------- ------- ----------- -------
BKM32365-02 185.00 220.00 35.00 0.46
--------------------- --------- ------- ----------- -------
includes 192.00 194.00 2.00 1.45
--------------------- --------- ------- ----------- -------
BKM31550-11 84.00 99.00 15.00 0.60
--------------------- --------- ------- ----------- -------
includes 87.00 89.00 2.00 1.42
--------------------- --------- ------- ----------- -------
BKM31550-11 107.00 115.00 8.00 0.92
--------------------- --------- ------- ----------- -------
includes 107.00 108.00 1.00 2.84
--------------------- --------- ------- ----------- -------
BKM31600-08 41.00 44.00 3.00 1.04
--------------------- --------- ------- ----------- -------
BKM31600-08 62.00 69.00 7.00 0.61
--------------------- --------- ------- ----------- -------
includes 65.00 66.00 1.00 1.29
--------------------- --------- ------- ----------- -------
BKM31600-08 78.00 89.00 11.00 0.38
--------------------- --------- ------- ----------- -------
BKM31600-08 93.00 112.00 19.00 0.39
--------------------- --------- ------- ----------- -------
Notes: Grade intercepts are calculated as a weighted average grade >=0.2% copper (uncut).
True widths are interpreted to be between 80-100% of the reported lengths, unless otherwise stated.
Glossary of Technical Terms
"anomaly or something in mineral exploration that geologists interpret
anomalous" as deviating from what is standard, normal, or expected.
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.
------------------------------------------------------------------------
"azimuth" the "compass direction" refers to a geographic bearing
or azimuth as measured by a magnetic compass, in true
or magnetic north.
------------------------------------------------------------------------
"bornite" Bornite, also known as peacock ore, is a copper sulphide
mineral with the formula Cu(5) FeS(4) .
------------------------------------------------------------------------
"breccia" Breccia is a rock classification, comprises millimetre
to metre-scale rock fragments cemented together in a
matrix, there are many sub-classifications of breccias.
------------------------------------------------------------------------
"chalcocite" Chalcocite is a copper sulphide mineral with the formula
Cu(2) S and is an important copper ore mineral. It is
opaque and dark-gray to black with a metallic luster.
------------------------------------------------------------------------
"chalcopyrite" Chalcopyrite is a copper sulphide mineral with formula
CuFeS(2) . It has a brassy to golden yellow colour.
------------------------------------------------------------------------
"channel sample" Samples collected across a mineralised rock exposure.
The channel is typically orientated such that samples
are collected perpendicular to the mineralised structure,
if possible.
------------------------------------------------------------------------
"chargeability" Chargeability is a physical property related to conductivity.
Chargeability is used to characterise the formation
and strength of the induced polarisation within a rock,
under the influence of an electric field, suggesting
sulphide mineralisation at depth.
------------------------------------------------------------------------
"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.
------------------------------------------------------------------------
"covellite" Covellite is a copper sulphide mineral with the formula
CuS. This indigo blue mineral is ubiquitous in some
copper ores.
------------------------------------------------------------------------
"diamond drilling" A drilling method in which penetration is achieved 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.
------------------------------------------------------------------------
"digenite" Digenite is a copper sulphide mineral with formula Cu(9)
S(5) . Digenite is a black to dark blue opaque mineral.
------------------------------------------------------------------------
"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.
------------------------------------------------------------------------
"galena" Galena is the natural mineral form of lead (II) sulphide,
with formula PbS. It is the most important ore of lead
and an important source of silver. It has a silver colour.
------------------------------------------------------------------------
"grab sample" are samples of rock material collected from a small
area, often just a few pieces or even a single piece
of rock "grabbed" from a face, dump or outcrop or roughly
2-5kg. These are common types of rock samples collected
when conducting mineral exploration. The sample usually
consists of material that is taken to be representative
of a specific type of rock or mineralisation.
------------------------------------------------------------------------
"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).
------------------------------------------------------------------------
"g/t" grams per tonne; equivalent to parts per million ('ppm')
------------------------------------------------------------------------
"hematite" Hematite is the mineral form of iron(III) oxide (Fe(2)
O(3) ), one of several iron oxides. Magnetite alteration
is also typically associate with porphyry copper systems,
at or close to the central core.
------------------------------------------------------------------------
"hypogene" Hypogene ore processes occur deep below the earth's
surface, and form deposits of primary minerals, such
as chalcopyrite and bornite.
------------------------------------------------------------------------
"Indicated An "Indicated Mineral Resource" is that part of a Mineral
Resource" 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.
------------------------------------------------------------------------
"Inferred Resource" An "Inferred Mineral Resource" is that part of a Mineral
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.
------------------------------------------------------------------------
"Induced Polarisation Induced polarisation (IP) is a geophysical survey used
Geophysics" to identify the electrical chargeability of subsurface
materials, such as sulphides. The survey involves an
electric current that is transmitted into the subsurface
through two electrodes, and voltage is monitored through
two other electrodes.
------------------------------------------------------------------------
"intercept" Refers to a sample or sequence of samples taken across
the entire width or an ore body or mineralised zone.
The intercept is described by the entire thickness and
the average grade of mineralisation.
------------------------------------------------------------------------
"lbs" Pounds (measure of weight)
------------------------------------------------------------------------
"Mlbs" Million pounds (measure of weight)
------------------------------------------------------------------------
"magnetite" Magnetite is main iron ore mineral, with chemical formula
Fe(3) O4. Magnetite is ferromagnetic, and it is attracted
to a magnet and can be magnetised to become a permanent
magnet itself.
------------------------------------------------------------------------
"massive" In a geological sense, refers to a zone of mineralisation
that is dominated by sulphide minerals. The sulphide-mineral-rich
material can occur in centimetre-scale, metre-scale
or in tens of metres wide veins, lenses or sheet-like
bodies containing sphalerite, galena, and / or chalcopyrite
etc.
------------------------------------------------------------------------
"Measured Resource" A "Measured Mineral Resource" is that part of a Mineral
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.
------------------------------------------------------------------------
"Mineral Resource" A "Mineral Resource" is a concentration or occurrence
of diamonds, natural solid inorganic material, or natural
solid fossilised 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.
------------------------------------------------------------------------
"mineralisation" In geology, mineralisation is the deposition of economically
important metals (copper, gold, lead, zin etc) that
in some cases can be in sufficient quantity to form
mineral ore bodies.
------------------------------------------------------------------------
"open pit mining" A method of extracting minerals from the earth by excavating
downwards from the surface such that the ore is extracted
in the open air (as opposed to underground mining).
------------------------------------------------------------------------
"outcrop" A section of a rock formation or mineral vein that appears
at the surface of the earth. Geologists take direct
observations and samples from outcrops, used in geologic
analysis and creating geologic maps. In situ (in place)
measurements are critical for proper analysis of the
geology and mineralisation of the area under investigation.
------------------------------------------------------------------------
"polymetallic" three or more metals that may occur in magmatic, volcanogenic,
or hydrothermal environments; common base and precious
metals include copper, lead, zinc, silver and gold.
------------------------------------------------------------------------
"polymict" A geology term, often applied to breccias or conglomerates,
which identifies the composition as consisting of fragments
of several different rock types.
------------------------------------------------------------------------
"porphyry" Porphyry copper deposits are copper +- gold +- molybdenum
orebodies that are formed from hydrothermal fluids that
originate from a voluminous magma chamber below the
deposit itself.
------------------------------------------------------------------------
"Preliminary NI 43-101 defines a PEA as "a study, other than a pre-feasibility
Economic Assessment" study or feasibility study, which includes an economic
analysis of the potential viability of mineral Resources".
------------------------------------------------------------------------
"propylitic Propylitic alteration is the chemical alteration of
alteration" minerals within a rock, caused by hydrothermal fluids.
This style of alteration typically results in epidote-chlorite+-albite
alteration and veining or fracture filling, commonly
altering biotite or amphibole minerals within the rock
groundmass. It typically occurs along with pyrite.
------------------------------------------------------------------------
"sediments" Sedimentary rocks formed by the accumulation of sediments.
There are three types, Clastic, Chemical and Organic
sedimentary rocks.
------------------------------------------------------------------------
"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 behaviour
displayed by the prevalent copper minerals to solutions
containing sulphuric acid and sodium cyanide. Results
from sequential analyses can theoretically determine
the amounts of leachable oxide minerals, leachable secondary
sulphide minerals, and primary copper minerals, respectively.
------------------------------------------------------------------------
"sphalerite" Sphalerite is a zinc sulphide in crystalline form but
almost always contains variable iron, with formula (Zn,Fe)S.
It can have a yellowish to honey brown or black colour.
------------------------------------------------------------------------
"supergene" Supergene ore processes occur near surface, and form
deposits of secondary minerals, such as malachite, azurite,
chalcocite, covellite, digenite, etc.
------------------------------------------------------------------------
"surface rock Rock chip samples approximately 2kg in size that are
chip samples" typically collected from surface outcrops exposed along
rivers and mountain ridgelines.
------------------------------------------------------------------------
"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.
------------------------------------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DRLJMMFTMBTTMLL
(END) Dow Jones Newswires
March 20, 2019 03:01 ET (07:01 GMT)
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