Kalimantan Gold announces resource estimate for Beruang Kanan

By Romel S. Gurky

TSX-listed Kalimantan Gold Corporation Limited (KLG) announced on Friday the results of the independently estimated maiden Mineral Resource prepared for the Main Zone of the Beruang Kanan (BKM) prospect within the company's 100 percent held KSK Contract of Work project in Kalimantan.

"The BKM independent Inferred maiden Mineral Resource estimate for the Company's flagship Beruang Kanan copper project is an important milestone which gives the Board, potential partners and shareholders confirmation of BKM's potential,? KLG's CEO Faldi Ismail said.

?The Board is further encouraged by the fact that the BKM mineralization is high grade near-surface with a relatively shallow dipping nature, and drilling in 2013 and desktop work confirmed the potential for additional resources to both the west and south. The Board remains committed to drill testing these further areas and developing the BKM Copper Project with a view to fast tracking the project through to an early development option."

Here are the highlights of the independently estimated results:
? Inferred Resource of 47 million tons averaging 0.6 percent Cu or 621,700,000 ponds of copper.
? Mineral Resource estimate is only for the Main Zone, a portion of the Beruang Kanan mineralized area and is based on assays from 74 diamond drill core holes that were drilled from 1998 to 2007 and then from 2012 to 2013.
? The Mineral Resource is contained within a near-surface, shallow-dipping and strongly mineralized system, that extends over an area of 1000m (N-S) and 950m (E-W) with depth extents ranging from surface to between 100m and 350m below surface (top to bottom). The mineralization remains open in several directions.
? Other priority targets in the BKM project area have been identified at Beruang Kanan South (BKS), Beruang Kanan West (BKW) and BKZ Polymetallic (BKZ) prospects; each within 1.5km of the BKM Inferred Mineral Resource.

The holder of the KSK Contract of Work is PT Kalimantan Surya Kencana (KSK). The company holds 100 percent of the shares of Indokal Limited (Indokal). KSK is owned 75 percent by Indokal and 25 percent by PT Pancaran Cahaya Kahayan (PCK). Indokal owns 100 percent of PCK. The Beruang Kanan project is located within the KSK Contract of Work.

Editing by Johannes Simbolon