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Updates Beutong Copper-Gold Resource
Updates Beutong Copper-Gold Resource.
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n \nRNS Number : 8492T Asiamet Resources Limited 25 March 2019 \n\n25 March 2019 \n \nAsiamet Updates Beutong Copper-Gold Resource\n \nAsiamet Resources Limited (\"Asiamet\", \"ARS\", or the \"Company\") is pleased to announce an updated Mineral Resource Estimate (\"MRE\") for the Beutong Copper-Gold Project (\"Beutong\") located in Nagan Raya Regency, Aceh, Indonesia. Asiamet holds an 80% interest in Beutong through its local operating subsidiary PT Emas Mineral Murni (\"EMM\"). The Statement of Mineral Resources in Table 1 completed by Hackman & Associates (\"Hackman\") is reported in accordance with the requirements of the 2012 JORC Code.\nHighlights:\n· Beutong is a large high-quality copper, gold, silver, molybdenum deposit outcropping at surface and remaining open laterally and at depth. \n· Beutong 2019 Mineral Resources (JORC 2012) at a 0.3% Cu cut-off grade (on a 100% basis) comprise: \n· 34Mt @ 0.67% Cu, 0.13g/t Au, 1.68g/t Ag and 90ppm Mo in the Measured category \n· 56Mt @ 0.58% Cu, 0.12g/t Au, 2.07/t Ag and 104ppm Mo in the Indicated category \n· 419Mt @ 0.45% Cu, 0.13g/t Au, 1.14/t Ag and 125ppm Mo in the Inferred category \n· Total Resources 509Mt @ 0.48% Cu, 0.13g/t, 1.28g/t Ag and 120ppm Mo\n \n· Contained metal in Resource on a 100% basis comprises 2.43Mt (5.3BIb) copper, 2.11Moz gold and 20.9Moz silver (1.95Mt (4.30Blb) copper, 1.69Moz gold and 16.73Moz silver on an 80% attributable basis)\n· The Beutong porphyry and skarn system(s) remains open to the east, west and at depth. The deepest drilling completed to date has intersected porphyry mineralisation to around 800 metres below surface and approximately 200-300 metres below the depth of Resource delineation drilling completed to date. \n· Strong copper, gold and molybdenum grades and the presence of highly mineralised chalcopyrite-bornite-magnetite bearing breccia clasts proximal to a large magnetic body modelled at depth below current drilling highlight excellent potential for the discover...