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Asiamet Resources Limited : Drilling/Production...
Asiamet Resources Limited : Drilling/Production....
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n Asiamet Resources Limited : Drilling/Production ReportFor Immediate Release London AIM 15 August 2017 Symbol: ARSVancouver, British Columbia Asiamet Resources files BKM Resource Update Reportfor the Beruang Kanan Prospect, KSK CoW, IndonesiaAsiamet Resources Limited (\"ARS\" or the \"Company\") has filed a technical report supporting the independently estimated updated Resource at the Beruang Kanan Main Zone, KSK CoW, Indonesia.As announced on June 28, 2017 the highlights of the updated Resources are:HIGHLIGHTSResource confidence significantly upgraded with contained copper in Measured and Indicated Resources increased by 207% in comparison to the October 21, 2015 BKM Mineral Resource estimate. The BKM Copper deposit is now estimated to contain Measured and Indicated Resources of 49.2 million tonnes at 0.70% copper containing 711.3MIbs (322,600 tonnes) of copper at a 0.2% copper cut-off grade (see Table 1 for details). Additional 66Mlbs (30,000 tonnes) of contained copper (0.2% copper cut-off grade) added to the BKM Resource inventory.Beruang Kanan Main Resources are now estimated as:Measured Resources of 20.5 million tonnes at 0.7% Cu containing 325.7MIbs (147,700 tonnes) of copper at a 0.2% copper cut-off grade (refer Table 1). The October 21, 2015 BKM Mineral Resource estimate contained no Measured Resources.Indicated Resources of 28.7 million tonnes at 0.6% Cu containing385.6MIbs (174,900 tonnes) of copper at a 0.2% copper cut-off grade (refer Table 1). The October 21, 2015 BKM Mineral Resource estimate contained 15.0 million tonnes at 0.7% Cu containing 231MIbs (105,000 tonnes) of copper.Inferred Resources of 17.7 million tonnes at 0.6% Cu containing 241.0MIbs pounds (109,300 tonnes) of copper at a 0.2% copper cut-off grade (refer Table 1). The October 21, 2015 BKM Mineral Resource estimate contained 49.7 million tonnes at 0.6% Cu containing 657MIbs (298,000 tonnes) of copper.73% of the copper contained in Resources is within the April 2016 BKM Preliminary Economic Assessment (\"PEA\") conceptual open pit mine design. The technical report is titled \"Beruang Kanan Main Zone, Kalimantan Indonesia: 2017 Resource Estimate Report\", prepared by Duncan Hackman of Hackman and Associates Pty. Ltd. Is as at June 28, 2017 and the report is dated July 28, 2017.Mineral Resource Estimate - Beruang Kanan Main Deposit - June 2017...