Kalimantan Gold gets forestry permit extension

By Ruli Setiawan

TSX-listed Kalimantan Gold Corporation Limited announced on Wednesday that the Indonesian Ministry of Forestry has granted PT Jelai Cahaya Minerals an extension to its Borrow and Use Exploration Forestry Permit (IPPKH) for its 100% owned Jelai Gold project in north eastern Kalimantan.

The permit, which is renewable, extends the authorization for the company to conduct exploration activities until Dec. 16, 2015. It covers all the existing permitted areas, namely the Mewet and 10 other of the 12 Jelai Gold prospects, comprising 4,675 hectares of the 5,000 hectare IUP.

The firm also announced that it has been in discussions with a number of major mineral companies regarding a potential joint venture or similar arrangement in respect of Jelai Gold. These discussions are continuing and some site visits have already been undertaken.

Editing by Johannes Simbolon