Asiamet continues to intersect high grade copper in C. Kalimantan

By Romel S. Gurky

TSX-listed Asiamet Resources Limited (ARS) said Wednesday that recent assay results received for resource evaluation drilling at the Beruang Kanan Main (BKM) copper deposit in Central Kalimantan, Indonesia, have reported additional wide intervals of higher grade copper mineralization within the recently identified BK044 and BK058 zones.

The company said in a statement that assay results were received for an additional fourteen holes drilled to increase confidence and expand the BKM Resource.

?Strong copper mineralization has been delineated in the southern part of the BK044 Zone and further high grade mineralization was also intersected in the BK058 Zone,? the statement said.

Within the BK044 Zone, the first 50 meters of hole BKM32250-03 (101.9m end of hole (EOH)) intersected shallow, high grade chalcocite-covellite mineralization similar to that reported previously in hole BKM32350-02 to the south. Better results include:

BKM32250-03 5.0 meters at 1.38% Cu, (from 12 meters depth)

BKM32250-03 22.0 meters at 2.76% Cu, (from 22 meters depth)
? Including 17 meters at 3.40% Cu (from 23 meters)
o Includes 7 meters at 5.88% Cu (from 29 meters)

Approximately 50 meters south of BKM32250-03, drill hole BKM32200-03 (110.2m EOH) also intersected shallow, high grade copper mineralization of similar style and grade. Better results include:

BKM32200-03
? 46.4 meters at 1.69% Cu, (from 1.6 meters depth)
o Including 3 meters at 5.00% Cu (from 9.0 meters)
o Including 2 meters at 4.70% Cu (from 26.0 meters)
o Including 10 meters at 3.49% Cu (from 38.0 meters)
? 4.5 meters at 1.22% Cu (from 53.5 meters depth)

At the BK058 Zone, further high grade, shallow copper mineralization was intersected in drill hole BKM31800-01 (85.8m EOH), similar in style to that recently identified in drill hole BKM31850-02 (refer ARS Press Release August 26, 2015). Better results include:

BKM31800-01 21.0 meters at 1.77% Cu, (from 9.0 meters depth)
? Including 11.0 meters at 2.53 % Cu (from 9.0 meters)
o Includes 5.0 meters at 3.46% Cu (from 10.0 meters)

BKM31800-01 29.5 meters at 0.95% Cu, (from 35.0 meters depth)
? Including 9.0 meters at 1.33% Cu (from 45.0 meters)
? Including 2.0 meters at 2.90% Cu (from 58.5 meters)

?Drilling at BKM is now complete for 2015,? the company said. One drill rig remains active, carrying out scout drilling at the Beruang Kanan South (BKS) and Beruang Kanan West (BKW) targets and this work is expected to be finished by the end of October.

To date 71 holes/ 6,186 meters of the planned 80 hole/6500 meter program have been completed. In addition to the Resource Estimate update and metallurgical work that is ongoing, Asiamet intends to complete a preliminary economic assessment (PEA) pursuant to the requirements of Canadian National Instrument 43-101 and is evaluating tenders for the commissioning of the PEA on the BKM copper deposit.

Tony Manini, Asiamet's Chief Executive Officer commented: "Asiamet is very pleased with these latest drill results from BKM. The two higher grade zones of copper mineralization recently identified within the deposit are showing good continuity and the shallow, high grades are outstanding.?

?These highly positive attributes provide an opportunity for maximizing revenue early in a mine's life when paying back development capital. We anticipate these characteristics to have a very positive impact on project economics when the mining studies are completed as part of the PEA for BKM. Asiamet looks forward to keeping all stakeholders updated as final BKM drill results and the results from ongoing scout drilling, Resource estimation and metallurgical test work come to hand in the coming weeks."

Editing by Reiner Simanjuntak