Kalimantan Gold intercepts gold at Jelai prospect
Tuesday, February 5 2008 - 03:58 PM WIB
Vancouver-based junior exploration firm Kalimantan Gold Corporation Limited announced on Tuesday further drill results from the ongoing drill program at its 100% owned Jelai epithermal gold property in East Kalimantan.
The company reported that hole 26 encountered 5.6 g/t gold over an interval of 5.6 metres including 17.33 g/t gold over 1.20 metres and hole 27 encountered 2.15 g/t gold over an interval of 5.95 metres including 10.30 g/t gold over 0.65 metres in the Sembawang vein; all within 47 metres from surface.
The Company has completed 27 holes to depths of up to 80 metres totaling 2,000 metres of drilling of a planned 4,000 metre drill programme.
The scout rig is continuing to test the Sembawang Vein at 50 metre centres to identify mineralization close to the surface for deeper drill targeting with a larger man-portable rig, soon to be mobilized to the project. In addition, a second scout rig has been sourced to increase the rate at which the vein systems can be tested as geological mapping continues to expand the known strike length of a number of veins, the company said.(alex)