Kalimantan Gold - Jelai Gold Project
March 26 2014 - 2:00AM
Business Wire
Kalimantan Gold Corporation Limited (the "Company") is pleased
to announce that the Indonesian Ministry of Forestry has granted PT
Jelai Cahaya Minerals an extension to its Borrow and Use
Exploration Forestry Permit (IPPKH) for its 100% owned Jelai Gold
project in north eastern Kalimantan. The permit, which is
renewable, extends the authorisation for the Company to conduct
exploration activities until 16th December 2015. It covers all the
existing permitted areas, namely the Mewet and 10 other of the 12
Jelai Gold prospects, comprising 4,675 hectares of the 5,000
hectare IUP.
The Directors are also pleased to announce that they have been
in discussions with a number of major mineral companies regarding a
potential joint venture or similar arrangement in respect of Jelai
Gold. These discussions are continuing and some site visits have
already been undertaken.
KSK Copper Project
The Directors are intending to issue an update on the KSK Copper
Project shortly and remain confident on attracting a credible
partner.
For further information please contact:
Faldi IsmailDeputy Chairman and CEO, Kalimantan
GoldMobile: +61 (0) 423 206 324Email:
faldi.ismail@kalimantan.com
Gerald CheyneDirector Corporate DevelopmentTelephone: +44
(0) 2077311806Mobile: +44 (0) 7717473168Email:
gerald.cheyne@kalimantan.com
VSA Capital LimitedAndrew Raca / Justin
McKeeganTelephone: +44 20 3005 5004 / +44 20 3005 5009Email:
araca@vsacapital.com
KLG's Nominated AdviserRFC Ambrian LimitedStuart
LaingTelephone: +61 8 9480 2506Email:
stuart.laing@rfcambrian.com
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
and the KSK Contract of Work in Central Kalimantan with multiple
porphyry copper and gold prospects. For further information please
visit www.kalimantan.com
To view the image, please click on the following
link:http://www.fscwire.com/sites/default/files/styles/400_x_400/public/NR/792/1409_image003.jpg
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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.
To view this press release as a PDF file, click onto the
following
link:http://www.fscwire.com/sites/default/files/news_release_pdf/KLG03262014.pdf
Faldi IsmailDeputy Chairman and CEO, Kalimantan
GoldMobile: +61 (0) 423 206 324Email:
faldi.ismail@kalimantan.comorGerald CheyneDirector Corporate
DevelopmentTelephone: +44 (0) 2077311806Mobile: +44 (0)
7717473168Email: gerald.cheyne@kalimantan.comorVSA Capital
LimitedAndrew Raca / Justin McKeeganTelephone: +44 20 3005 5004
/ +44 20 3005 5009Email: araca@vsacapital.comorKLG's Nominated
AdviserRFC Ambrian LimitedStuart LaingTelephone: +61 8 9480
2506Email: stuart.laing@rfcambrian.com
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