Make that Kailmantan Gold!
Kalimantan Gold Corporation Limited is a junior exploration company listed on both the TSX Venture Exchange in Canada and on AIM in London. The Company has two exploration projects in Kalimantan: the Jelai epithermal gold project in East Kalimantan (which is optioned to Tigers Realm Minerals) and the KSK Contract of Work in Central Kalimantan with multiple porphyry copper and gold prospects (which is optioned to a wholly owned subsidiary of Freeport-McMoRan Exploration Corporation). For further information please visit
www.kalimantan.com.
In Central Kalimantan, the company has drilled more than 35,000 metres at its KSK copper project, uncovering the potential for a world class deposit. Since April 2011, the KSK project has been under joint venture to a subsidiary of Freeport-McMoRan Exploration Corporation. Drilling is expected to commence shortly after issuance of a forestry permit which is expected soon. A review of historical data on the project using state of the art techniques and processes has confirmed the potential for major copper deposits below the level of drilling to date.
In East Kalimantan, there has been 14,500 metres of shallow drilling at its Jelai gold prospect which has the potential to yield a major epithermal deposit. On November 10, 2011, the Company announced receipt of the permit necessary to allow drilling to commence by Tigers Realm. As announced on February 15, 2011, pursuant to an option agreement Tigers Realm has the right to earn up to a 70% interest in the Jelai Gold project by meeting certain project expenditure obligations and completing a bankable feasibility study by June 2, 2015, the expiry date of the Jelai IUP. Tigers Realm's proposed drill program expenditure is US$2m over the first 18 months with approximately 8,000m of drilling at the Mewet Prospect planned.
KLG actively supports the Yayasan Tambuhak Sinta (YTS) Foundation which has an outstanding track record in community and social projects close to the exploration areas.