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Kalimantan Gold Corporation Limited ("KLG") is an AIM and TSX-V listed mining junior, focused on exploring its copper and gold prospects in Kalimantan, Indonesia.
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. On March 12, 2012, the necessary forestry permit to begin drilling was received and drilling is expected to commence 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$2m over the first 18 months with approximately 8,000m of drilling at the Mewet Prospect planned.
KLG actively supports the Yayasan Tambuhak Sinta (YTS) Foundation which has an outstanding track record in community and social projects close to the exploration areas.
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May 10, 2012: Press Releases: Kalimantan Gold Closes Private Placement -- Jelai ... (more...)
May 08, 2012: Press Releases: Kalimantan Gold Confirms Commitments to Private Pl... (more...)
Apr 30, 2012: Press Releases: Kalimantan Gold Fiscal 2011 Results (more...)
Apr 30, 2012: Press Releases: Drilling To Start At Jelai Gold Project; Drilling... (more...)
Apr 23, 2012: Press Releases: Kalimantan Gold Plans Private Placement (more...)
October 2011: Latest KLG PowerPoint Presentation
November 2009: Technical Report
Summary and Correlations Between Existing Exploration Data and 3D Inversion of Airborne Magnetics in Relation to Prospects within the KSK Contract of Work
November 2009: Technical Report
Management's Report on KSK CoW Magnetic Data reprocessed using advanced 3D Inversion Technology
| Symbol |
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C$chg |
Volume |
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| KLG |
0.065 |
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Ask |
Pchg |
Volume |
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| KLG |
4.25 |
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-0.13 |
52318 |
4.35 |
4.25 |
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