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asiamet resources ltd (0FK) Snapshot

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09/29/14 - €0.11
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asiamet resources 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.

asiamet resources 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.

asiamet resources ltd (0FK) Key Developments

Kalimantan Gold Corporation Limited Announces Positive Initial Metallurgical Testwork Results

Kalimantan Gold Corporation Limited announced that the initial program of metallurgical characterization tests being undertaken to assess the potential for using heap leach processing technology to produce copper metal from its Beruang Kanan Main ("BKM") deposit in Central Kalimantan, Indonesia, has generated promising initial results. Approximately 25% of global copper supply is produced using the heap leach, solvent extraction and electrowinning ("SX-EW") process and the opportunity to apply this extensively proven technology to produce copper metal in Indonesia is particularly relevant given in-country processing of ores is a high priority for the Government. To oversee the design and execution of the technical work program KLG has engaged the services of expert metallurgical consultant, Graeme Miller (Miller Metallurgical Services Pty Ltd, Brisbane, Australia). Graeme has been at the forefront of copper heap leaching, solvent extraction and electrowinning ("SX-EW") studies, design and operation for over 20 years and is a renowned leader in the field. PT Intertek Utama Services, in Jakarta, Indonesia are conducting the test-work for the initial phase of metallurgical testing. Two metallurgical samples were prepared using split HQ sized diamond drill core (6.4 cm), each composited from three individual holes drilled into the northern and southern part of the deposit. Samples were collected from drill hole intervals within 60 meters from surface which were considered to be representative of the deposit geology and mineralization style. Each of the two composite samples comprises 90 kilograms of material. Metallurgical characterization test work began in early-June to assess the potential to recover economic amounts of copper from crushed rock into solution, and thus potentially making it available for extraction into metal using the SX-EW processing technology. The early results are promising with: The chalcocite and covellite dominant copper mineral species found in the BKM deposit being suitable for typical bacterially assisted acid-ferric heap leach processing; Sequential assays confirming potential for economic recovery of copper via acid-ferric leaching i.e. greater than 95% of total copper in all samples assayed is acid and cyanide soluble; Good rock competency that shows little breakdown during column leach test work suggesting the host rock has the physical characteristics required to build a sustainable heap; Very low acid consumption during both bottle roll and agitation leach tests suggesting that the host rock contains limited quantities of acid consuming minerals, a beneficial characteristic for heap leach economics; Further test work is underway to confirm these preliminary results, and to extend the confidence in the interpretation is ongoing and includes: Re-assaying of drill hole samples using the sequential assay method to define the leachable parts of the Resource; Preliminary agitation, bottle roll and short column tests will be repeated to more closely simulate the acid-ferric bacterial leaching conditions.

Kalimantan Gold Corporation Limited Presents at Proactive Investors One2One Forum - London, Jun-18-2015

Kalimantan Gold Corporation Limited Presents at Proactive Investors One2One Forum - London, Jun-18-2015 . Venue: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, London, United Kingdom.

Kalimantan Gold Corporation Limited Announces Assay Results from Additional Seven Holes Drilled as Part of an Intensive Resource Evaluation Program in Progress at its Flagship Beruang Kanan Copper Project in Central Kalimantan, Indonesia

Kalimantan Gold Corporation Limited announced assay results from an additional seven holes drilled as part of an intensive resource evaluation program in progress at its Beruang Kanan copper project in Central Kalimantan, Indonesia. Moderate to high grade copper mineralization was reported in all seven holes and drilling to date continues to meet or exceed expectations. Good continuity of mineralization is being confirmed between holes and sections within the Beruang Kanan Main ("BKM") deposit and additional copper mineralization continues to be intersected beyond the existing mineral resource boundaries to the west. As in the previously reported holes the copper mineralization occurs near surface hosted in stock work fractured and quartz veined breccia, and as open space fill. In total 15 holes for 1,196.1 meters have been completed to date and two holes are currently in progress. Final assays have now been received for an additional 537 meters in 7 drill holes.  Holes BKM32450-03 (75.2m end of hole (EOH)), BKM32450-04 (65.4m EOH) and BKM32450-05 (65.4m EOH) were all drilled as infill holes on section line BKM32450. BKM32450-03 intersected a cumulative 26m interval (3 individual sections) of highly elevated copper mineralization in centimeter to meter scale quartz veins within a strongly silicified and brecciated host rock. BKM32450-04 intersected a cumulative 7.2m interval (2 individual intersections) of moderate and highly elevated copper mineralization in centimeter to meter scale quartz - pyrite veins and BKM32450 intersected high grade near surface copper in brecciated and silicified volcanoclastic rocks with significant chalcocite mineralization reported. Better assay intervals received from each of the above three holes respectively include: 5.0 meters at 2.05% Cu (from 48.0 meters depth); 5.2 meters at 1.21% Cu (from 58.0 meters depth); 17.0 meters at 1.61% Cu (from 12.0 meters depth). Holes BKM31750-03 (75.0m EOH), BKM31750-04 (75.3m EOH), BKM31750-05 (90.3m EOH) and BKM31750-06 (90.4m EOH) were collared to expand the BKM deposit beyond its current western limits on section line BKM31750.  The covellite-chalcocite copper mineralization in each hole appears to be considerably more pervasive within the host rock than in other parts of the deposit. BKM31750-03 intersected stockwork and vein hosted copper mineralization throughout most of hole. Better intercepts from BKM31750-03 include: 64.0 meters at 0.74% Cu, (from 8.0 meters depth); Including 5 meters at 1.60% Cu (from 8.0 meters); Including 8 meters at 1.16% Cu (from 15.0 meters). Hole BKM31750-04 intersected a cumulative 41.3m interval (4 individual intersections) of moderate grade copper mineralization in centimeter to meter scale quartz veins and bottomed in copper mineralization with the final 1.3 meters assaying 0.67% Cu. BKM31750-05 and BKM31750-06 respectively intersected 15.0m interval of near surface copper mineralization in centimeter to meter scale quartz veins and, a cumulative 19.5m interval (4 individual intersections) of moderate and high grade copper mineralization in centimeter to meter scale quartz veins. These three holes extend copper mineralization for a further 150 meters beyond the current western limits of the BKM Resource on the southern part of the deposit. Better intercepts include: BKM31750-04: 17.0 meters at 0.98% Cu, (from 39.0 meters depth); 10.3 meters at 0.74% Cu, (from 65.0 meters depth). BKM31750-05: 15.0 meters at 1.02% Cu, (from 17.0 meters depth). BKM31750-06: 10.0 meters at 0.81% Cu, (from 75.0 meters depth); Including 7 meters at 1.02% Cu (from 78.0 meters). Drilling planned for the BKM deposit in 2015 is designed to increase Resource confidence and expand the size of the deposit. An update of the Resource Estimate is planned for Third Quarter 2015.  The first eleven holes have confirmed continuity of mineralization on each section line drilled and the BKM31750 section drill holes indicate copper mineralization is potentially more pervasive in the southern part of the BKM deposit than previously recognized.


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