Kalimantan Gold Corporation Limited, an exploration stage company, engages in the acquisition and exploration of mineral properties in Kalimantan, Indonesia. The company focuses on coal, gold, and copper prospects. The company has exploration rights in two distinct areas: the Jelai Gold Project in East Kalimantan and the KSK Contract of Work copper-gold prospects in Central Kalimantan. Jelai Gold Project The company has interests in five mines. The Jelai Gold Project contains 115 drill holes in various areas of the vein system. From these holes, 26 drill holes were completed by previous explorers for an advance of 3,902 meters with a further 89 drill holes completed in the second phase of drilling by Kalimantan Gold for an advance of 8,273 meters. KSK Contract of Work – Central Kalimantan The company conducted a 58 hole drilling program that covered over 4,610 meters and identified two seams, one of between 1 to 6 meters and the other between 8 to 13 meters in thickness. In 2008, the company acquired the remaining 25% interest in its KSK Contract of Work. The company has an option agreement with PT Indobara Pratama (IBP) to bring its coal deposit into production and acquire up to an 80% interest in IBP.
kalimantan gold corp ltd (KLG:Venture)
15782 Marine Drive
White Rock, BC V4B 1E6
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