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Asiamet's BKZ Delivers Further Outstanding Polymetallic Zn-Pb-Ag-Au and Copper Mineralisation

Asiamet Resources Limited ("Asiamet" or the "Company") is pleased to report remaining assay results from the infill drilling recently completed at the BKZ prospect ("BKZ").  High-grade polymetallic and copper - silver mineralisation was intersected in line with expectations.  The BKZ prospect is located in Central Kalimantan (Indonesia) on the Kalimantan Surya Kencana ("KSK") 6th Generation Contract of Work ("CoW"), less than 800 metres from the BKM copper project on which Asiamet is currently completing a feasibility study.

Highlights include:

  • Broad intervals of high grade massive sulphide mineralisation in the upper polymetallic zone, including 42.0m at 6.9% zinc (Zn), 2.8% lead (Pb) and 31g/t silver (Ag), including 10.0m at 16.5% Zn, 8.2% Pb and 65g/t Ag
  • A wide interval of high grade copper-silver mineralisation in the lower zone assayed 67.0m at 1.3% copper (Cu) and 10g/t Ag
  • Assay results confirm up to 23.2% Lead, 16.7% Zinc and 61g/t silver over 1-metre sample intervals in the polymetallic zone and up to 4.6% copper over 1-metre sample intervals in the interpreted "Feeder Structure" in the Lower Zone
  • A Maiden Resource estimate for both mineralised domains at the BKZ deposit is expected to be completed in May 2018

 

Highlights of the latest drill results received include: 

 

BKZ33600-06     67.0m at 1.29% Cu, 10g/t Ag, 0.13g/t Au (from 52.0m)

                          Including 5.0m at 2.05% Cu, 5g/t Ag, 0.12g/t Au (from 63.0m)

                          Including 3.0m at 1.70% Cu, 10g/t Ag, 0.19g/t Au (from 95.0m)

                          Including 3.0m at 2.06% Cu, 10g/t Ag, 0.16g/t Au (from 100.0m)

                          Including 5.0m at 2.80% Cu, 60g/t Ag, 0.15g/t Au (from 104.0m)

                          Including 6.0m at 2.83% Cu, 8g/t Ag, 0.18g/t Au (from 111.0m)

 

BKZ33650-03     42.0m at 6.9% Zn, 2.8% Pb, 31g/t Ag, 0.32% Cu and 0.50g/t Au (from 26.0m)

                          Including 10.0m at 16.5% Zn, 8.2% Pb, 65g/t Ag, 0.17% Cu and 0.99g/t Au (from 28.0m)

                           Including 2.0m at 10.6% Zn, 2.6% Pb, 41g/t Ag, 1.13% Cu and 0.50g/t Au (from 49.0m)

                           Including 2.0m at 12.7% Zn, 0.6% Pb, 48g/t Ag, 2.03% Cu and 0.34g/t Au (from 55.0m)

                           Including 3.0m at 10.2% Zn, 4.6% Pb, 27g/t Ag, 0.49% Cu and 0.23g/t Au (from 62.0m)

 

BKZ33650-04     23.0m at 6.4% Zn, 2.2% Pb, 34g/t Ag, 0.21% Cu and 0.33g/t Au (from 15.0m)

                           Including 5.0m at 7.7% Zn, 4.0% Pb, 49g/t Ag, 0.16% Cu and 0.42g/t Au (from 21.0m)

                           Including 5.0m at 13.4% Zn, 2.6% Pb, 46g/t Ag, 0.62% Cu and 0.47g/t Au (from 29.0m)

 

BKZ33650-05     11.2m at 6.5% Zn, 4.9% Pb, 20g/t Ag, 0.12% Cu and 0.22g/t Au (from 14.8m)

                           Including 5.2m at 11.8% Zn, 9.3% Pb, 34g/t Ag, 0.23% Cu and 0.28g/t Au (from 16.8m)

                           Including 2.45m at 9.0% Zn, 5.1% Pb, 24g/t Ag and 0.28g/t Au (from 38.25m)

 

All assay results have now been received for the current Resource delineation drill program which comprised thirty-six drill holes totalling 3,416 metres. This included the five drill holes reported herein.   The infill drilling campaign has enabled the development of an improved geological model for the two mineralised domains at the BKZ deposit. Mineralisation still remains open in several directions and further follow up drilling will take place over the coming months. The Company remains on track to report a maiden Resource estimate for the BKZ deposit in May 2018.

 

Peter Bird, Asiamet's Chief Executive Officer commented:

"The rapid advancement of BKZ from a promising target to the cusp of maiden Resource status over the past six months has been outstanding and clearly demonstrates the inherent potential for significant value growth in our Indonesian project portfolio.  Following the completion of our recent capital raising, Asiamet is now in a strong position to continue exploring a number of high potential targets in the highly prospective KSK CoW while simultaneously advancing exploration and development of the large scale Beutong porphyry Cu-Au project. Asiamet is very excited by these recent results and looks forward to delivering further value from the exploration and development of its assets at a time when quality copper and base metals projects are in short supply."

                                          

Drill Hole Summary

The sixth and final hole on section line BKZ33600 was drilled steeply to the east and below BKZ33600-04 (92.1m End of Hole "EOH"), which intersected 29.5m at 1.86% Cu, 50g/t Ag, 0.15g/t Au from 58.0m and included 18.0m at 2.64% Cu, 24g/t Ag, 0.15g/t Au from 63.0m (refer Asiamet Press Releases March 19, 2018).  BKZ33600-06 (143.3m EOH) interpreted the interpreted feeder zone starting at 52.0m depth, comprising a dense stockwork of quartz-sulphide and sulphide veins containing bornite, chalcopyrite and pyrite.  Individual 1-metre sample intervals assayed up to 4.6% copper within the higher grade interval from 111m to 117m depth.   

Four additional holes were drilled on section line BKZ33650, namely BKZ33650-03 (79.0m EOH), BKZ33650-04 (50.0m EOH), BKZ33650-05 (49.7m EOH) and BKZ33650-06 (60.0m EOH).  All four holes were drilled from the same collar, in a fan pattern and were drilled near to drill hole BKZ33750-02 (89.9m EOH) which intersected 26.3m at 6.3% zinc, 2.2% lead and 33.6g/t silver from 1.7m depth and included 7.0m at 10.8% zinc, 4.7% lead and 56.1g/t silver from 3m depth (refer Asiamet Press Releases November 1, 2017).  All holes intersected the targeted polymetallic mineralisation at shallow depths comprising quartz-sulphide veins and massive sulphides containing sphalerite (zinc), galena (lead), chalcopyrite (copper) and pyrite.  BKZ33650-03 intersected some of the highest grade lead assays seen to date, with up to 23.2% Lead, 16.7% Zinc and 61g/t silver in a 1-metre sample interval.  Drill holes BKZ33650-03 and BKZ33650-05 terminated in high grade mineralisation.

The drill hole location plan map and a table of full assay results are provided in Figures 1 and Table 1 respectively.

 

Table 1: Recent drill intercepts.

 

HOLE ID

 

From

 

To

 

Length

 

Zinc

(%)

 

Lead

(%)

 

Silver

(g/t)

 

Gold

(g/t)

 

Copper

(%)

BKZ33600-06

29.80

33.80

4.00

7.10

3.45

35.55

0.23

-

BKZ33600-06

34.70

40.00

5.30

3.39

0.20

6.65

0.15

0.35

BKZ33600-06

52.00

119.00

67.00

-

-

9.88

0.13

1.29

Including

63.00

68.00

5.00

-

-

4.58

0.12

2.05

Including

95.00

98.00

3.00

-

-

10.27

0.19

1.70

Including

100.00

103.00

3.00

-

-

9.57

0.16

2.06

Including

104.00

109.00

5.00

-

-

59.60

0.15

2.80

Including

111.00

117.00

6.00

-

-

8.00

0.18

2.83

BKZ33650-03

26.00

68.00

42.00

6.88

2.76

31.26

0.50

0.32

Including

28.00

38.00

10.00

16.49

8.20

65.43

0.99

0.17

Including

49.00

51.00

2.00

10.63

2.62

41.15

0.50

1.13

Including

55.00

57.00

2.00

12.68

0.65

48.50

0.34

2.03

Including

62.00

65.00

3.00

10.22

4.58

26.57

0.23

0.49

BKZ33650-03

77.00

79.00

2.00

6.12

0.99

11.60

0.22

0.16

BKZ33650-04

15.00

38.00

23.00

6.45

2.16

34.37

0.33

0.21

Including

21.00

26.00

5.00

7.71

4.02

49.10

0.42

0.16

Including

29.00

34.00

5.00

13.39

2.61

46.44

0.47

0.62

BKZ33650-05

14.80

26.00

11.20

6.46

4.90

20.29

0.22

0.12

Including

16.80

22.00

5.20

11.76

9.31

33.66

0.28

0.24

BKZ33650-05

28.00

34.00

6.00

1.80

0.32

5.62

0.14

-

BKZ33650-05

38.25

40.70

2.45

9.05

5.11

23.60

0.28

-

BKZ33650-06

14.00

29.00

15.00

3.28

1.53

27.96

0.58

-

BKZ33650-06

39.00

42.00

3.00

4.85

1.32

24.40

0.51

0.13

BKZ33650-06

44.00

50.00

6.00

2.04

0.39

51.00

0.57

1.06

Notes: Grade intercepts are calculated as a weighted average grade 1.0% Zinc (uncut) for Polymetallic Zone.  Grade intercepts are calculated as a weighted average grade 0.2% Copper (uncut) for the Copper-Silver Zone.  True widths are interpreted to be between 80-100% of the reported lengths, unless otherwise stated. Orientation of the polymetallic mineralised domain is interpreted to have an azimuth of 340 degrees and a dip of -25 degrees to the northeast. Orientation of the copper mineralised domain is interpreted to have an azimuth of 340 degrees, a dip of -25 degrees to the northeast and plunging south-southeast.

 

Figure 1: Location map showing strong zinc in soil geochemistry over the BK district with prospects & drill collars. To view the image, please click on the following link: http://www.asiametresources.com/i/maps/2018-03-26-Fig1.jpg

 

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