Canadian firm to acquire W. Java gold project
Friday, March 4 2011 - 01:42 AM WIB
Vancouver-based firm Berkwood Resources Ltd. through its Indonesian subsidiary, PT. Berkwood Resources Indonesia had signed an option agreement with PT. Succes Mining Resources to acquire a 100% interest in the 2,416 hectares of the Cimandiri Gold Project in Sukabumi, West Java.
The Cimandiri Gold Property is located approximately 120 Km south of Jakarta, approximately 3 hours driving time. The property sits at an elevation ranging from 700-900m above sea level. Railway lines are nearby, with the closest rail station located only 8 Km from the property. The project is located approximately 9 Km southwest of the open pit Cikondang gold mine.(alex)