Thick Copper Intersections Expand High Grade Zone At BKM

WHITE ROCK, BC - Asiamet Resources Limited reported that Resource evaluation drilling being undertaken as part of the feasibility study at the Beruang Kanan Main (BKM” copper deposit in Central Kalimantan, Indonesia continues to report wide intervals of higher grade near surface copper mineralization which further expand the BK044 Zone.

A total 67 holes for 6750 meters of diamond core drilling have now been completed and one hole is currently in progress. A further 51 holes/4250 meters are planned. Infill holes BKM32600-03 (153.7m end of hole (“EOH”)) and BKM32600-04 (159.4m EOH) drilled on the north-eastern end of BK044 Zone intersected strong chalcocite/covellite mineralization just below the zone of oxidation in each drill hole, with individual one meter intervals returning up to 10.1% copper in BKM32600-04 and 4.8% copper in BKM32600-03. These results confirm wider than expected, near surface, moderate to high grade copper mineralization approximately 175 meters in width on the northern end of the BK044 zone.  

Geological logs for holes BKM32600-05 and BKM32600-06 drilled >100m west of BKM32600-03 reported significant intervals of near surface chalcocite/covellite mineralization in. Assays are pending. Infill drill hole BKM32500-05 (66.0m EOH) drilled at the western margins of the BKM resource envelope intersected several zones of moderate grade copper mineralization consistent with the resource model. Resource infill hole BKM32455-01 (151.7m EOH) drilled at the western edge of the BK044 Zone intersected a cumulative 106m interval (4 individual sections) of moderate grade copper mineralization hosted in centimeter to meter scale quartz and or pyrite veins. 

Quality control drill hole BKM32425-01 (80.4m EOH) was collared adjacent to a metallurgy hole BKM32400-02 (111.5m EOH) and drilled north to confirm the orientation of mineralization. Chalcocite and covellite mineralization hosted in quartz stockwork and pyrite veins consistent with assay results in BK031, which returned 28.95m @ 0.61% Cu from 16.0m.

 

Two Resource infill holes BKM32400-03 (151.7m EOH) and BKM32400-04 (123.0m EOH) were drilled at the western edge of the BK044 Zone, where previous drilling identified an interpreted landslip.  Each hole confirmed continuous low to moderate copper mineralization. BKM32200-06 (79.5m EOH) was collared adjacent to BKM32200-03 (111.0m EOH) and drilled east to confirm the orientation of mineralization and test the robustness of the BKM Resource model. Strong zones of chalcocite and covellite copper mineralization were intersected from near surface hosted in quartz stockwork and pyrite veins. BKM32200-07 was drilled outside the BK044 Zone and closes off the mineralization to the west as expected.  Drilling is now complete on this section with results confirming continuous mineralization up to 100m in true thickness over an east – west strike length of 125m. BKM32165-01 (106.0m EOH), drilled as a quality control twin hole to BK048, which reported 15m @ 1.21% Cu from 4.5m and 80.5m @ 0.55% Cu from 31.5m (refer ARS Press Releases June 10, 2013), successfully confirmed the moderate and high grade copper mineralization in BK048.