Golden Arrow commences diamond drilling at C. Kalimantan gold prospect
Tuesday, August 22 2006 - 03:18 AM WIB
Perth-based junior explorer Prosperity Resources Limited announced Tuesday that 2000-meter diamond drilling had commenced at its Masuparia gold prospect in Central Kalimantan.
The company said the veins in Masuparia Contract of Work area ?could potentially contain a multi million ounces gold and silver inventory?.
Prosperity Resources has 10 percent shares in Canadian firm Golden Arrow Resources, a company that has 85 percent stake in Masuparia CoW, with option to take further 10 percent. (alex)