Kalimantan Gold prepares drilling program
Wednesday, May 29 2013 - 08:37 AM WIB
Calgary-based Kalimantan Gold Corp. Ltd reported on Wednesday that a drilling and exploration program for 2013 at its PT Kalimantan Surya Kencana (KSK)?s sixth generation Contract of Work (CoW) of up to $16,200,000 is well underway.
An additional 15 major prospects on the KSK CoW will be explored in 2013 to generate drill targets utilizing up to 5 helicopter supported drill rigs, the company said in a statement.
The 2013 activity focuses on five main areas: surface mapping; remote sensing; drilling; assaying and data compilation and modeling for copper prospect in Central Kalimantan.
Seven prospects have undergone comprehensive geological mapping and sampling, including rock chip, soil and stream sediment sampling. These prospects include: Low Zone, Beruang Tengah, Beruang Kanan, BK North Massive Polymetalic Zone, Ketambung, Focus One and Rinjen.
Prospects being explored now are Beruang Kanan West, Beruang Tengah West, Mamuring and Volcano.
In early May, KSK was issued the Forestry Borrow to Use extension it needed to now allow exploration to begin at the Tumbang Huoi, Baroi and Mansur prospects, which are historically three of the most prospective exploration targets within the KSK CoW.
Editing by Dadan Wijaksana