Int'l Antam Resources finds new reserves

International Antam Resources Ltd, a subsidiary of state mining company PT Aneka Tambang Tbk (Antam), has found new reserves of precious metal in its Cibaliung project.

Together with Austindo Resources Corp., Antam Resources has been conducting exploration for new mineral resources in eight new mining sites in Cibaliung project.

With a recovery rate of 87.36 percent to 100 percent, the newfound precious metal reserves contain gold, with gold content of 3.28 grams to 21.52 grams per ton of gold ores. (*)