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Feasibility Studies Progressing to Plan - Study...
Feasibility Studies Progressing to Plan - Study....
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n Feasibility Studies Progressing to Plan - Study Manager Appointed For Immediate Release TSX Venture Exchange 7 July, 2016 and AIMVancouver, British Columbia Symbol: \"ARS\"Feasibility Studies Progressing to Plan - Study Manager Appointed Asiamet Resources Limited (\"ARS\" or the \"Company\") is pleased to advise that excellent progress is being made on the key long lead time items required for the Beruang Kanan Main (\"BKM\") feasibility study. Field programs are now fully operational and Mr Mark Young, a proven leader of mineral resources and infrastructure developments globally, has been appointed to lead the owners team for the study.Mark is a Principal of VCI Development and holds a Bachelor of Engineering (Minerals Processing) from the University of Queensland, with post graduate qualifications in applied finance and investment, along with strategy and business management, from the London School of Economics. He has led project teams in numerous countries and commodities for both entrepreneurial explorer-developers and major mining companies. Over the past ten years, he has been extensively involved in greenfield mine developments, including the Amaam coal project in Russia for Tigers Realm Coal and BHP Billiton's major potash developments in Canada. He has also worked on BHP Billiton's Chilean copper projects and on Rio Tinto's coal and iron ore operations in Australia. At the BKM site a comprehensive Resource infill and extension drilling program is underway to upgrade a majority of the Inferred Mineral Resource i.e. 49.7million tonnes grading 0.6% Cu containing 657 million pounds of copper at (0.2% Cu reporting cut), to the Measured and Indicated Mineral Resource categories. Four drills are operational with 13 holes/1585 meters of diamond core drilling completed to date. Two large diameter (PQ size) core holes have also been completed to collect fresh bulk samples for detailed metallurgical testwork. Approximately 100 holes/9000 meters of Resource drilling and 15 holes/2000 meters of metallurgy drilling is planned. First assay results are expected within the next week.The Company has also contracted a number of the key consultants and service providers required to oversee the long lead time items of the feasibility study and work programs in each of the key disciplines are underway. The various consul...