Kalimantan Gold Corporation expects to shortly receive a maiden resource estimate for the Beruang Kanan Main (BKM) Prospect at its KSK Copper Project. The company has engaged an independent consulting geologist Duncan Hackman to complete the estimate.
The NI 43-101-compliant resource report will incorporate data from Kalimantan Gold's 2012-13 phase 1 drilling program as well as historic drilling completed on the project during the 1998-2001 and the 2007 campaigns, totalling more than 19,000 metres. It is expected that the report will be completed by the end of September.
BKM is within the Beruang Kanan project area in Kalimantan Gold’s Kalimantan Surya Kencana (KSK) Contract of Work (CoW), which covers an area of 620sqkm in Central Kalimantan. Approximately $55 million has been incurred in exploration expenditures on the KSK CoW including 60,000 metres of drilling.
Drilling at BKM has confirmed a shallow dipping zone of copper mineralization over a strike length of up to 1100 metres, which is up to 450 metres wide and varies from 20 metres to 90 metres in thickness.
Selected significant drilled intercepts include 79.0 metres @ 0.88% copper, 60.1 metres @ 1.03% copper, 33.0 metres @ 2.28% copper, 20.4 metres @ 2.65% copper and 21.0 metres @ 1.57% copper.
Duncan Hackman is the principal of Hackman & Associates Pty Ltd. He is based in Perth, Australia, and has wide international experience in mining and mineral exploration, and has completed numerous mineral resource estimates on copper deposits.
Kalimantan Gold is a junior exploration company listed on both the TSX Venture Exchange in Canada and on AIM in London. The company has two exploration projects in Kalimantan - the Jelai epithermal gold project in East Kalimantan and the KSK Contract of Work in Central Kalimantan with potential for multiple porphyry copper and gold prospects. www.kalimantan.com