Kalimantan Gold starts drilling at Jelai, KSK
Wednesday, May 2 2012 - 09:10 AM WIB
Kalimantan Gold Corporation Limited ("KLG") has recently announced that drilling at its Jelai gold project, under joint venture with Tigers Realm Metals Pty Ltd ("Tigers"), is expected to commence within the coming days.
The first drill hole is targeting high grade shoots at a depth below the epithermal gold - silver mineralization intersected by hole JCM-067 (9.50m @ 7.08 g/t Au).
Drill camp construction and road repair at the Jelai Project are nearing completion, while rig mobilization to site #1 is 70% complete. A water quality sampling survey has been completed, as part of environmental baseline monitoring program.
At the PT Kalimantan Surya Kencana (KSK) copper project, which is under joint venture with a subsidiary of Freeport-McMoRan, a revised timetable for the first year of the joint venture, reflecting the 10 month delay in obtaining the forestry permit, has been agreed upon.
Safety training has been completed and mobilization of field crews to Beruang drill camps has commenced. Drilling is planned to commence at both of the high priority target sites, Beruang Kanan and Beruang Tengah, by the end of May or early June.
Editing by Audy Zandri