Kangaroo to start drilling program at E. Kalimantan concession February

Wednesday, February 1 2017 - 12:40 AM WIB

By Romel S. Gurky


Courtesy of Kangaroo

ASX-listed Kangaroo Resources Limited said it has socialized the impending drilling program at its Graha Panca Karsa (GPK) coal concession in East Kalimantan to the surrounding communities, and signed the drilling and geophysical logging contracts in January 2017 and expects to commence drilling in February 2017.

The company said in a statement on Tuesday that the final drill program is planned to comprise two stages with approximately 1,200 meters of drilling (including 250m of coring) in the first stage followed by 1,000 meters of drilling (including 340m of coring) in the second stage.

All drill holes will be geophysically logged. The aim of the drilling program is to confirm previous drilling works performed on the site and gain a better understanding of the coal seam geology. Concurrent with the planned drill program, the company said it will undertake survey work to consolidate topographical information.

The GPK concession covers 5,060 hectares near Melak, East Kalimantan. Large coal deposit strategically located in close proximity to the Mahakam River.

Editing by Reiner Simanjuntak

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