Several new possible targets have been identified at Kalimantan Gold’s KSK Copper Project in Kalimantan following an airborne survey over the area. The company has also restarted field work at the Mansur, Tumbang Huoi and Baroi prospects to finalize drill targets for 2014’s planned drill programs.
The company says work will also be undertaken at North Mansur where several deep holes to 1400 metres are planned. As revealed in August definition drilling intersected significant copper mineralization at the Beruang Kanan prospect in two holes.
Kalimantan says a moderate gravity high response exists over the known mineralized zone at Beruang Kanan, extending south of two holes. Baroi and Tumbang Huoi are very large prospects, and have been broken into several areas for immediate follow-up mapping, sampling and IP surveys.
The company says that old roads into Tumbang Huoi, Volcano, Beruang Kanan and deeper into the central part of the copper project have been reopened. “This will provide new access which will assist our logistics and reduce the cost of helicopter support for next year’s exploration.”
Kalimantan Gold is a mining junior focused on exploring its gold and KSK copper prospects in Kalimantan. Since April 2011, the KSK project has been under an earn-in with Surya Kencana LLC, a unit of Freeport-McMoRan Exploration Corp. Following receipt of necessary forestry permitting in March 2012, drilling commenced in May 2012.
In October 2012, Surya Kencana chose to continue sole funding all remaining exploration and feasibility study expenditures under the earn-in, subject to its right to withdraw from the joint venture.