Kalimantan Gold

Kalimantan Gold Corporation Ltd (KGC) is an AIM and TSX-listed junior exploration company focused on exploration in Kalimantan, Indonesia where it has been active for a number of years. The company is exploring for gold and copper in two distinct areas of Kalimantan and is also seeking to acquire a number of coal prospects in the region.
In East Kalimantan, KGC is currently undertaking a 4,000 metre drill programme at its 100%-owned Jelai gold prospect and results to date indicate the potential for a major epithermal gold deposit. This has been confirmed by the economic geologist Dr Peter Pollard in an independent report on the project and the company expects to announce an inferred resource for Jelai in the next few months.
In Central Kalimantan KGC’s Contract of Work (CoW) has multiple copper porphyry prospects which, according to Dr Pollard, still have considerable untested potential. A number of companies have expressed interest in reviewing the KSK data with a view to signing a co-operation agreement.
In addition to its exploration work, KGC supports development in the villages surrounding its project areas through a Foundation, YTS. Villages are encouraged by YTS to plan for the future with the help of a Village Development Fund, the aim being to facilitate self help wherever possible.
Kalimantan Gold Corporation Limited is a junior exploration company focused on promising gold, coal and copper prospects in Kalimantan, Indonesia, a country which is both highly prospective and under explored.
In East Kalimantan, the company is undertaking a 4,000 metre drill programme at its 100%-owned Jelai prospect which has the potential to yield a major epithermal gold deposit. The Jelai programme has produced promising drill results to date and the company expects to have an initial inferred resource by the end of 2008.
Also in East Kalimantan, the company has signed an Option Agreement to acquire a 75% stake in five coal concessions, located in what is probably the largest thermal coal producing area in the world. The company is currently carrying out due diligence on the concessions, including 3,000 metres of drilling.
In Central Kalimantan, the company has porphyry copper prospects which it believes have the potential to produce a world-class deposit. A number of companies have expressed interest in reviewing existing data on the project.
KLG funds a foundation, Yayasan Tambuhak Sinta (YTS) , which supports a variety of community and social projects close to the exploration areas.
Kalimantan Gold is listed on the AIM market of the London Stock Exchange and on the TSX Vancouver Exchange.

Source: http://www.proactiveinvestors.com