Additional Information
Market: TSX-V & AIM
Sector: Mining
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Kalimantan Gold

Kalimantan Gold Corporation Limited ("KLG") is an AIM and TSX-V listed mining junior, focused on exploring its gold and KSK copper prospects in Kalimantan, Indonesia.


Since April 2011 the KSK project has been under an Earn-In with Surya Kencana LLC (SK LLC), a subsidiary of Freeport-McMoRan Exploration Corporation. Following receipt of the necessary forestry permit in March 2012 drilling commenced in May 2012.  In October 2012 SK LLC elected to continue to sole fund all remaining exploration and feasibility study expenditure under the Earn-In Agreement, subject to SK LLC's right to withdraw from the Joint Venture in accordance with the terms of the Agreement.


Kalimantan Gold focusing on the copper; looking for partner to develop the gold project

Friday, December 07, 2012

Faldi Ismail, chief executive of Indonesian gold and copper miner Kalimantan Gold, said the company now has the balance sheet to fund a "very extensive drilling programme" to target its copper porphyry deposit. That has attracted the attention of major players, such as Freeport McMoRan, who are looking for "very large style projects".

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