Kalimantan Gold in ?advanced talks? with potential partner
Monday, November 30 2009 - 04:46 PM WIB
Kalimantan Gold in ?advanced talks? with potential partner
Vancouver-based mineral and coal explorer Kalimantan Gold Limited reported Monday that in recent months four companies have completed comprehensive reviews on its Jelai epithermal gold project in East Kalimantan.
?Advanced negotiations are underway with one potential partner,? the company said without giving detail.
The company has been trying to find JV partner to further exploration and subsequently develop the Jelai gold project, but thus far failed to secure one.
The company currently has 100 percent stake at Jelai project.(alex)