Kalimantan Gold completes high grade drilling programs

By Puspita Maylana Devi

Calgary-based Kalimantan Gold Corporation Limited recently announced results of its ongoing delineation and scout drilling programs at its KSK Copper Project in Kalimantan, planning for a substantial drilling and exploration program at the project in 2013 budgeted up to $16.2 million.

The company said that definition drilling continues to intersect broad intervals of significant copper mineralization at the Beruang Kanan Prospect, including BK034-01: 60.1m @ 1.03% Cu, from 171.6m, BK038-01: 67.5m @ 0.63% Cu, from 66.8m, in which preliminary resource estimate for Beruang Kanan is expected to come out in the second quarter of the year.

Deep drilling at Beruang Tengah intersected a 170 meter down hole intersection of porphyry-related quartz veining, with low to moderate grade copper-gold and molybdenum mineralization, results from drill hole BTD06-01 included BTD06-01: 3m @ 25.0g/t Au from 48m, BTD06-01: 170m @ 0.22% Cu, 0.14g/t Au and 114ppm Mo (0.32% CuEq), from 231m

Field mapping at eastern Beruang Tengah has identified strong sulphide mineralization in outcrop, measuring 250 by 250 meters, located 1km east of Beruang Tengah Prospect proper. Preliminary fire assays returned up to 9.6g/t Au from rock chip samples.

At least 15,108m of drilling completed to date, with the current drill production is approximately 2,500m per month with further delineation and deep drilling planned.

?We are extremely excited and optimistic about our 2013 exploration program. With our budget set this year at up to $16.2m, an additional 14 major prospects will be explored this year to generate drill targets with the intention of achieving up to 3,000m of drilling per month initially. To date, 15,108m of drilling has already been completed. Our community programs are flourishing in all 21 local villages, we have ~300 staff and things are certainly gearing up all round,? stated company CEO Faldi Ismail.

Editing by Er Audy Zandri