New Asia Gold to begin E. Kalimantan gold exploration

Florida-based junior exploration firm New Asia Gold Corp. reported on Sunday that is getting ready to begin its exploration program on the Kapur gold project, East Kalimantan.

?Mobilization procedures have started. The initial program will consist of 4500 meters of drilling and at least 4 trenches,? the company said.

The project is located close to the east coast of the Province of East Kalimantan. At present, two gold resource calculations for the project show an inferred resource of between 226,000 to 330,000 ounces of gold, the company claimed. (alex)