Asiamet expands footprint of high grade polymetallic mineralization in C. Kalimantan
Friday, June 9 2017 - 12:45 PM WIB
TSX-listed Asiamet Resources Ltd announced Friday it had in mid-April completed systematic mapping and channel sampling of outcropping massive sulphide mineralization at the BKZ prospect in Central Kalimantan.
The company said in a statement that BKZ is located 800-meter north of Asiamet's core BKM Copper Project where bankable feasibility studies are well advanced. ?Results received to date show the potential for a standalone polymetallic deposit at BKZ,? Asiamet said.
Highlights from this recent work include:
? A continuous 15m rock channel sample collected in the southern part of the BKZ prospect averaged 19.5% Zinc, 8.1% Lead, 121g/t Silver, 0.69g/t Gold and 0.50% Copper (rock saw sampling at one-meter intervals)
? Individual one-meter rock channel samples collected from three separate locations over the mineralized strike extent outlined to date returned up to:
o 24.2% Zinc, 14.4% Lead, 0.83% Cu, 86g/t Silver and 0.24g/t Gold
o 17.7% Zinc, 16.6% Lead, 0.23% Cu, 174g/t Silver and 1.34g/t Gold
o 7.6% Zinc, 6.1% Lead, 0.10% Cu, 246g/t Silver and 0.36g/t Gold
? Excellent potential to identify additional polymetallic mineralization along strike associated with a well defined coincident zinc-lead -copper in soil anomaly measuring 400 x 200m.
? Drill holes and surface sampling of massive sulphide-bearing outcrops confirm mineralization is near surface and has at least 150m of strike extent
? Additional high grade polymetallic mineralization was also mapped and sampled to the immediate south of BKM Copper deposit with rock chips assaying to 35.6% Zinc, 26.2% Lead, 2.94% Copper, 1.0g/t Gold and 3440g/t Silver
A total of 53 rock chip channel samples collected in the vicinity of historical drill hole BKZ-1 (123.1m End of Hole 'EOH') which intersected 16m @ 5.75% Zinc, 2.78% Lead, 0.16% Copper, 0.64g/t Gold and 57.5g/t Silver from 6m depth (refer ARS Release October 21, 2015). Channel samples were taken within a mapped area measuring 300m x 300m area and the discovery of new massive sulphide-bearing outcrops confirms a strike length of at least 150 meters.
Summary channel sample results confirm the high grade polymetallic nature of the BKZ mineralized system, with up to 37% combined Lead-Zinc over 1-metre sample intervals. The true width and thickness of the high grade mineralization has not yet been determined.
Additional to the high grade polymetallic mineralization mapped and sampled at the BKZ prospect, a review of historic exploration data collected to the immediate south of BKM Copper deposit confirms a strong coincident zinc-lead-copper in rock chip and soil anomaly measuring 400 x 400 meters. A rock chip sample collected from a large boulder within this anomalous area assayed 35.6% Zinc, 26.2% Lead, 2.94% Copper, 1.0g/t Gold and 3440g/t Silver. The location and style of this mineralization is similar to that identified at BKZ and represents a second-high priority polymetallic target that warrants drill testing.
Peter Bird, Asiamet's Chief Executive Officer commented: "Potential for polymetallic mineralization in the BK District has been known for some time, however the grades and thicknesses indicated by this most recent work together with the identification of a second area of similar potential close to the advanced BKM project are very exciting. While Asiamet will continue to focus its effort on progressing development of the BKM copper project and nearby copper prospects, it is also important for investors to appreciate the exceptional potential for additional discoveries on the KSK property. Asiamet looks forward to further advancing these high grade polymetallic prospects in the near future."
Editing by Reiner Simanjuntak