Kalimantan Gold is pleased to announce further drill results from its ongoing delineation and scout drilling programs at Beruang Kanan, a planned extension program at Beruang Kanan and an update on its deep drilling program. The table below sets out drill results (drill widths) of definition and scout drilling at Beruang Kanan since our last announcement which covered holes up to BK038. 13 further holes have now been [...]
The Company incurred a comprehensive profit for the three months ended March 31, 2013, of $25,151 (2012 – loss of $134,741). The profit derived from the $219,815 management fees earned in the three month period that relate to being the operator of the KSK Agreement and are directly correlated with the magnitude of the gross exploration expenditures funded by our joint venture partners and our continuance as operator.
Kalimantan Gold is pleased to advise that the notice of meeting and management information circular for its annual and special meeting to be held on June 21, 2013 at 9:00 a.m. at the offices of the Company’s counsel at Suite 3350, 1055 Dunsmuir Street, Vancouver, BC has been sent to shareholders of record as at May 14, 2013 and is available on the Company's website at www.kalimantan.com and on the Company’s profile. The [...]
Kalimantan Gold is pleased to advise that it has been granted a further extension of the Forestry Permit for its PT Kalimantan Surya Kencana ("KSK") sixth generation Contract of Work. The Forestry Borrow to Use extension now covers all the priority areas sought when the application was made in autumn 2012 including the Tumbang Huoi, Baroi and Mansur prospects, which are historically three of the most prospective [...]
Having completed the initial period of the KSK Agreement by sole funding exploration of $7,000,000 by early October 2012, SK LLC notified KLG that SK LLC has elected to continue to sole fund all remaining exploration and feasibility study expenditure under the KSK Agreement, subject to SK LLC’s right to withdraw from the Joint Venture in accordance with the terms of the KSK Agreement. A substantial drilling and [...]
Kalimantan Gold is pleased to announce the appointment of Mrs Pudji Wahjuni Purbo as an independent non-executive director of the Company. In addition Mrs Purbo has been appointed to the audit committee of KLG. "The Company is extremely fortunate to have attracted a new director of such a high calibre. Mrs Purbo's specialist legal expertise and resource experience in Indonesia is a great asset to the Company in the [...]
Kalimantan Gold Corporation (KLG) is pleased to provide an update on the exploration program at the KSK Copper Project in Kalimantan, Indonesia, that is being sole funded by Surya Kencana LLC (SK LLC), a subsidiary of Freeport-McMoRan Exploration Corporation. Highligh ...
Kalimantan Gold Corporation ('KLG?) announces that Tigers Realm Metals ('TRM?) has completed phase one exploration activities on KLG′s Jelai epithermal gold project located in East Kalimantan, Indonesia. TRM focused on drilling advanced stage greenfield targets ...
Kalimantan Gold Corporation Limited ('KLG?) is pleased to announce the appointment of Francis Xavier De Souza as an independent non-executive director to KLG. In addition, Mr De Souza has been appointed to the audit committee of KLG. Mr De Souza (aged 34) i ...
Kalimantan confirms that it has closed a private placement and issued 6,000,000 common shares at a price of US$0.08 or £0.05 per share to raise US$480,000 (£300,000) under its private placement financing announced on April 23, 2012 and May 8. The common shares issued are restricted from trading in Canada through the TSX Venture Exchange until September 10. The proceeds of the placement, combined with the funds on hand [...]
Kalimantan confirms that it has received commitments from investors for 6,000,000 common shares at a price of US$0.08 or £0.05 per share to raise US$480,000 (£300,000) under its private placement financing announced on April 23, 2012. 800,000 new shares will be issued in Crest. The 5,200,000 shares issued outside of the Crest system in London will have a hold period of four months plus a day from the date of issue.
Kalimantan Goldis pleased to announce that drilling at its Jelai gold project under joint venture with Tigers Realm Metals is expected to commence within the next week. The first drill hole is targeting high grade shoots at a depth below the epithermal gold - silver mineralization intersected by hole JCM-067 (9.50m @ 7.08 g/t Au).