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As of 8:10 PM 06/22/15 All times are local (Market data is delayed by at least 15 minutes).

kalimantan gold corp ltd (KMGLF) Snapshot

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kalimantan gold corp ltd (KMGLF) Details

Asiamet Resources Limited primarily engages in the exploration of copper and gold prospects in Kalimantan and Sumatra, Indonesia. It also explores for silver and molybdenum. The company holds interest in the Jelai gold project, which includes low-sulfidation epithermal gold-silver mineralization in east Kalimantan; and the KSK copper project in central Kalimantan. It also owns interest in the Beutong project, a copper-gold-molybdenum resource located in Aceh, Indonesia. The company was formerly known as Kalimantan Gold Corporation Limited and changed its name to Asiamet Resources Limited in July 2015. Asiamet Resources Limited is based in White Rock, Canada.

kalimantan gold corp ltd (KMGLF) 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 (KMGLF) Key Developments

Kalimantan Gold Corporation Limited will Change its Name to Asiamet Resources Limited

Effective July 27, 2015, Kalimantan Gold Corporation Limited will change its name to Asiamet Resources Limited.

Kalimantan Gold Corporation Limited will Change its Ticker to ARS from KLG

Effective July 27, 2015, Kalimantan Gold Corporation Limited will change its TSX Venture Exchange stock ticker symbol to ARS from KLG.

Kalimantan Gold Corporation Limited Announces Positive Drill Results Expand Near Surface Copper at BKM

Kalimantan Gold Corporation Limited announced assay results from an additional eight holes drilled in the southern part of the BKM deposit as part of the Resource evaluation program in progress on its Beruang Kanan copper project in Central Kalimantan, Indonesia. In total, 36 holes and 2,680.5 meters of the planned 80 hole/6,500 meter resource evaluation drilling program planned for 2015 have been completed and three holes are currently in progress. BKM Resource in-fill and expansion drilling is complete on section lines BKM31750 and BKM31950 and active section lines include BKM31650, BKM32450, BKM31850 and BKM32050. Three drill rigs are currently active, one in the south and two in the central and northern parts of the deposit. Drill results from the current program will be incorporated into an updated, independent Mineral Resource estimate to be completed in third quarter of 2015. The updated Mineral Resource estimate together with the results of ongoing metallurgical test work and mining studies planned for fourth quarter of 2015 will form the basis of a Preliminary Economic Assessment (PEA) planned for completion in early 2016. Final assay results have now been received for an additional 655.2 meters in eight drill holes aimed at expanding the BKM Resource on section lines BKM31650 (six holes) and BKM31750 (two holes). Drilling on section line BKM31650 has expanded the chalcocite-covellite dominated copper mineralization by 100 meters to the south of previously reported holes on section line BKM31750 and beyond the existing BKM Mineral Resource boundaries. Continuity of mineralization has been confirmed across a 400 meter zone on section BKM31650 and remains open to the east. Drill hole BKM31650-01 (81.9m end of hole ("EOH")) intersected a narrow interval of copper mineralization hosted in centimeter to meter scale veins assaying 3.0 meters at 0.70% Cu from 66.5 meters. Hole BKM31650-02 (81.3m EOH) reported a cumulative 7.0 meter interval of high grade copper mineralization in two individual intersections and hole BKM31650-03 (69.3m EOH) intersected broader more pervasive zones of copper mineralization. Better assay intervals include: BKM31650-02 3.0 meters at 1.24% Cu (from 35.0 meters depth) 4.0 meters at 1.27% Cu (from 50.0 meters depth). BKM31650-03 32.0 meters at 1.34% Cu, (from 34.0 meters depth) Hole BKM31650-04 (72.6m EOH) intersected a cumulative 22.6 meter interval (three individual intersections) of moderate grade copper mineralization in centimeter to meter scale quartz veins and bottomed in 1.6m of copper mineralization assaying 1.11% Cu. This hole will be re-entered after the rig completes drilling on section line BKM31850. Better intercepts from BKM31650-04 include 10.6 meters at 0.52% Cu. BKM31650-05 (81.6m EOH) and BKM31650-06 (90.2m EOH) intersected near surface copper mineralization in centimeter to meter scale quartz veins. Better intercepts include: BKM31650-05 12.0 meters at 1.22% Cu, (from 21.0 meters depth). BKM31650-06 12.6 meters at 0.52% Cu, (from 6.7 meters depth). As previously reported six holes drilled on section line BKM31750 intersected moderate to high grade copper mineralization, including 64 meters at 0.74% Cu in BKM31750-03 (includes 5 meters at 1.60% Cu and 8 meters at 1.16% Cu). Two additional holes, BKM31750-07 (90.2m EOH) and BKM31750-08 (88.1m EOH), drilled to further extend the Mineral Resource to the west on this section line intersected low grade chalcocite - covellite stringer mineralization. Copper mineralization in this area has been extended approximately 200 meters beyond the current western limits of the BKM Mineral Resource and now appears to be closed off. Expansion drilling results on section line BKM31650 reported above confirm continuity of the moderate to high grade copper mineralization previously reported on section line BKM31750. This demonstrates excellent potential for expanding the copper mineralization further south, where five holes are planned on section line BKM31550 to follow up an intersection of 6 meters at 1.69% copper (from surface in hole BK11) reported in a previous drilling campaign. Infill drilling is also progressing well in the northern part of the BKM deposit, with significant chalcocite - covellite mineralization observed in some holes drilled on section line BKM32550.


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