Kalimantan Gold reports positive drilling result at Beruang Kanan

By Ruli Setiawan

Calgary-based Kalimantan Gold Corporation Limited announced on Monday further drill results from its ongoing delineation and scout drilling programs at Beruang Kanan.

It said that definition drilling continued to intersect significant copper mineralization at the Beruang Kanan Prospect.

The deep drill locations being prepared at Tumbang Huoi and Baroi prospects Beruang Kanan

At Beruang Kanan, drilling completed to date has closed off the main zone of copper mineralization to the north in the northern part of Beruang Kanan where drill holes BK29 to BK50 have now covered a north south strike length of 850m on approximately 100m drill centers including previous holes drilled.

Within this strike length copper mineralization has been intersected over 750m with widths of up to 300m. Drilling continues to the southern part of Beruang Kanan to cover a possible southerly extension of mineralization.

The company said the current drilling and previous drill results indicate similar styles of mineralization in the south as to those found in the northern area, eg BK5 102m @ 0.62% Cu from 3m, including 63m @ 0.75% Cu.

The program will be assessed and amended on an ongoing basis depending on results and drilling requirements at other prospects.

Faldi Ismail, CEO, commented ?We are very encouraged by the copper grades at Beruang Kanan recovered in the definition drilling and the size potential at the prospect."

"At the same time, the deep drilling program is making good progress in defining areas where a major porphyry may occur.?

Editing by Adianto P. Simamora