ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

KLG

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:KLG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Kalimantan Gold-Jelai Mobilization

21/02/2012 6:00am

Marketwired Canada


Kalimantan Gold Corporation Limited (TSX VENTURE:KLG)(AIM:KLG) ("KGC") under its
joint venture with Tigers Realm Minerals Pty Ltd. ("Tigers") is pleased to
announce that community consultation in respect of planned exploration
activities at the Jelai Gold project is complete and we have full support from
the local government, community and village leaders. Community development
programs ("CSR") commenced prior to exploration activities with sustainable
projects that are aimed at contributing to the welfare of local people. The
programs will involve more than one hundred local community members (from three
villages), and group members will be trained and mentored by KGC and Tiger's
multi-disciplined community team in forage and fodder cultivation, farming,
animal husbandry, accounting and small business development.


A combined KGC - Tigers technical team is on site and has completed the
following activities:




1.  Refurbished the office in Tanjung Selor;
2.  Commenced base camp construction;
3.  Commenced camp construction at Mewet Prospect, to accommodate drilling
    activities;
4.  Repaired 50% of the access road to the drill & base camp;
5.  Established contracts for key supplies such as fuel;
6.  Spotted the first drill hole and surveyed access trails.



The Mewet base camp should be completed by early March and drilling is expected
to commence immediately following completion of the camp. The first proposed
hole (KTR-MEW1100-001) is targeting high grade shoots at deeper levels of the
epithermal gold - silver mineralization intersected in KGC's JCM-067 (9.50m @
7.08 g/t Au). PT Indodrill Indonesia has been contracted to conduct the Phase I
drill program comprising 8,000 metres in approximately 30 holes.


To view the images associated with this press release, please click on the
following link: http://media3.marketwire.com/docs/klg.pdf


About Kalimantan Gold

Kalimantan Gold Corporation Limited 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 (which is optioned to Tigers Realm Minerals) and the KSK
Contract of Work in Central Kalimantan with multiple porphyry copper and gold
prospects (which is optioned to a wholly owned subsidiary of Freeport-McMoRan
Exploration Corporation). For further information please visit
www.kalimantan.com.


About Tigers Realm Minerals (Jelai Gold Prospect)

Tigers Realm Minerals is an Australian based, privately owned resources company.
From its head office in Melbourne, Tigers operates globally with a core focus on
gold, copper, coking coal and uranium. Tigers vision is to build a leading
global resources group with a strategy to identify, discover, acquire and invest
in high quality assets and support development of the best opportunities.. The
Tigers team of resource industry professionals has a reputation for delivering
exceptional investment returns, most notably through the transformation of
junior mineral explorer Oxiana Limited into an ASX 100 company capitalized at
over $6 billion between 2000 and 2008. In copper and gold Tigers is currently
exploring and building a portfolio of assets in Asia and South America and
assessing a range of additional opportunities globally. For further information
on Tigers please visit www.tigersrm.com.au


This news release contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or "will" occur.
Such forward-looking statements involve known and unknown risks, uncertainties
and other factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the actual
results of current exploration activities; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined; possible
variations in ore grade or recovery rates; accidents, labour disputes and other
risks of the mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other factors that
cause actions, events or results not to be as anticipated, estimated or
intended. Any forward-looking statement speaks only as of the date on which it
is made and, except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future performance
and accordingly undue reliance should not be put on such statements due to the
inherent uncertainty therein.


1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart