Business
Commences Drilling Beutong Copper-Gold Deposit
Commences Drilling Beutong Copper-Gold Deposit.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \nRNS Number : 3548G Asiamet Resources Limited 01 March 2018 \n\n \n \nFor Immediate Release London AIM\n \n1 March 2018 Symbol: ARS\n \n \n \n \nAsiamet Commences Drilling Beutong Porphyry Copper-Gold Deposit\n \n \nAsiamet Resources Limited (\"ARS\" or the \"Company\") is pleased to announce the commencement of drilling on its exciting Beutong Copper-Gold Project (\"Beutong\"), located in Nagan Raya Regency, Aceh, Indonesia. Asiamet holds a 40% interest (earning to 80%) in Beutong through its local joint venture Company PT Emas Mineral Murni's (\"EMM\").\nBeutong is a large porphyry copper-gold system, which comprises the Beutong East Porphyry (\"BEP\"), Beutong West Porphyry (\"BWP\") and the Beutong Skarn(\"BSK\") as shown in Figure 1. Beutong has current JORC compliant Resources containing 2.4Mt (5.3Blb) copper, 2.1Moz gold and 20.6Moz silver on a 100% basis and 1.0Mt (2.1Blb) copper, 0.8Moz gold and 8.2Moz silver on a 40% attributable basis (see announcement dated 26 November 2014). \n \nHighlights\n· Beutong is a large high-quality copper, gold, silver, molybdenum deposit which outcrops at surface and remains open in several directions including to depth. Potential to increase the size of the deposits with further drilling is considered high.\n· Geological observations indicate excellent potential for the presence of a high-grade copper-gold core at depth similar to that seen in s...