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As of 2:01 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

kalimantan gold corp ltd (0FK) Snapshot

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09/29/14 - €0.11
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kalimantan gold corp ltd (0FK) Details

Kalimantan Gold Corporation Limited is engaged in the acquisition, exploration, and development of mineral properties in Kalimantan, Indonesia. It has interest in the KSK Contract of Work porphyry copper prospect located in central Kalimantan; and an Izin Usaha Pertambangan for the Jelai gold project in east Kalimantan. The company is based in White Rock, Canada.

kalimantan gold corp ltd (0FK) Top Compensated Officers

Corporate Secretary
Total Annual Compensation: --
Vice President of Indonesia
Total Annual Compensation: C$124.9K
Compensation as of Fiscal Year 2014.

kalimantan gold corp ltd (0FK) Key Developments

Kalimantan Gold Corporation Limited Announces Assay Results from the First Four Holes Drilled At Beruang Kanan Copper Project in 2015

Kalimantan Gold Corporation Limited announced assay results from the first four holes drilled at its Beruang Kanan copper project in 2015. As previously reported the first four holes drilled on section lines BKM32450 and BKM31750 intersected visual near surface copper mineralization predominately hosted in stock work fractures and quartz veins, and as open space fill. Hole BKM32450-01 (92.4m end of hole ("EOH")) drilled as an infill hole on section line BKM32450 intersected strong near surface copper mineralization in brecciated and silicified volcaniclastic rocks. Three wide intervals of mineralization were reported as follows: 14 meters at 2.02% Cu (from 4.7 meters depth), Including 6.0 meters at 3.71% Cu (from 4.70 meters), 22 meters at 0.88% Cu (from 32.0 meters depth), Including 5.0 meters at 1.10% Cu (from 35.0 meters), Including 6.0 meters at 1.57% Cu (from 45.0 meters), 15 meters at 0.57% Cu (from 76.0 meters depth), BKM32450-02 (70.6m EOH) also drilled as an infill hole on section line BKM32450 hit a post mineral dyke and failed to intersect the key target zone of mineralization. Three narrow mineralized intervals were intersected; including a small interval assaying 2m at 2.08% Cu (from 49.5 meters depth). Hole BKM31750-01 (75.1m EOH) drilled on section line BKM31750 intersected a cumulative 23m interval (over 3 individual intersections) of highly elevated copper mineralization in centimeter to meter scale quartz veins. Better assays received from this interval include 9.0 meters at 0.73% Cu (from 19.0 meters depth)and 10.0 meters at 0.57% Cu (from 41.0 meters depth). BKM31750-02 (85.0m EOH) also collared as an infill hole on section line BKM31750 intersected a broad zone of copper mineralization comprising covellite and chalcocite in centimeter scale quartz veins and zones of strong silicification. Copper mineralization is more pervasive than previous holes located nearby and extends beyond the current limits of the BKM deposit. Better results include: 54 meters at 1.10% Cu, (from 16.5 meters depth), Including 16 meters at 1.67% Cu (from 17.5 meters), Including 19 meters at 1.22% Cu (from 37.5 meters).

Kalimantan Gold Corporation Limited Receives Permit to Commence its 2015 Work Program at the Beruang Kanan Copper Project

Kalimantan Gold Corporation Limited announced that it has received the key Indonesian Government permit required to immediately commence its planned 2015 work program at the exciting Beruang Kanan (BK) copper project located on the Company's 100% owned KSK Contract of Work in Central Kalimantan, Indonesia. The permit, received by the company on May 1, 2015, is valid for a period of two years and authorizes the company to carry out both surface and drilling activities over permitted areas of the COW. On April 23, 2015 the COW also entered the fifth year of the Exploration Period, being the date that the forestry permit was officially renewed. Initial drilling at the BK Main Resource aims to extend and upgrade confidence of the near surface higher grade copper mineralization intersected in earlier programs. Field preparations including re-establishment of pre-existing roads, access trails and camp facilities have advanced quickly. Initial drilling is planned on sites prepared previously (2012-13) using two drill rigs which have been stored at the BK project camp. Drilling is underway and as planned drill holes are short, each is expected to be completed within 2-3 days. First assay results are anticipated in early May, 2015.

Kalimantan Gold Corporation Limited Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Kalimantan Gold Corporation Limited reported consolidated earnings results for the year ended December 31, 2014. For the period, the company reported loss and comprehensive loss for the year of $884,912 compared to $325,805 a year ago. Basic and diluted loss per common share was $0.01 compared to $0.00 a year ago. Cash used in operating activities of $936,517 compared to $1,793,697 a year ago.


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