Announcement Date: 2021-11-24
Announcement Type: Drilling Results
Announcement Code: (no Code)
Company name: Asiamet Resources Ltd.
Project name: Beruang Kanan
Location: Indonesia
Commodities: Gold,Silver,Lead,Molybdenum
Highlight: Drilling results incl. 29m @ 4.59g/t Au, 161.00g/t Ag, 0.74% Pb, 66ppm Mo from 157.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Asiamet Resources Limited (“Asiamet” or the “Company”) is pleased to announce further strong results from recent drilling completed as part of the Company’s 2021 Resource extension program at the BKZ deposit located on its KSK Contract of Work (KSK CoW) in Central Kalimantan, Indonesia. Drilling at BKZ continues to return high grade Zinc-Lead-Copper-Silver-Gold (Zn-Pb-Cu-Ag-Au) mineralisation and most recently also intersected strong gold-silver dominant mineralisation immediately to the east and below the base metal horizons including 29m at 4.59g/t Au, 161g/t Ag. All holes completed in the current program have intersected significant mineralization and expanded the BKZ Mineral Resource envelope which remains open in several directions. Mineralisation is shallow and projects from near surface down to approximately 200m. Results are pending on a further five holes. The Company is confident that ongoing drilling will continue to expand the mineral inventory and economic value of the KSK licence and as such the drill program has now been expanded from 3,000 metres to 4,500 metres to further follow up some of the key high-grade trends observed.
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