Kalimantan Gold says drilling program progressing well

Vancouver-based junior exploration firm Kalimantan Gold Corporation Limited announced Wednesday that current drill campaign at its Baroi porphyry copper-gold-silver prospect, in Central Kalimantan, was progressing well.

The company said the drill program was testing three separate anomalous areas within the Greater Baroi area towards intercepting porphyry copper mineralization at depth.

"The drill program is confirming our belief that the Greater Baroi is a huge low grade bulk tonnage target. The current drill program is upgrading and preparing the way for a major mining company to negotiate a favourable joint venture agreement," said the company in a statement.

Kalimantan Gold Corporation Limited has a 75% interest in the KSK Contract of Work ("KSK CoW") which through a recent relinquishment and expansion process now covers an area of 121,620 hectares in Central Kalimantan. (alex)