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Drilling Starts at KSK CoW Copper Project

Date : 05/28/2012 @ 2:00AM
Source : UK Regulatory (RNS & others)
Stock : Kalimantan (KLG)
Quote : 1.85  0.0 (0.00%) @ 2:34AM
Kalimantan share price Chart

Drilling Starts at KSK CoW Copper Project

 
TIDMKLG 
 
 

Kalimantan Gold Corporation Limited is pleased to announce that drilling commenced on May 23, 2012, at its KSK CoW copper prospect under a joint venture with a subsidiary of Freeport-McMoRan ("Freeport"). This first deep hole is being drilled at Beruang Tengah; drilling for a second deep hole is expected to commence at Beruang Kanan in early June, 2012.

 

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

 

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.

 
Kalimantan Gold 
Faldi Ismail 
Mobile: +61 (0) 423 206 324 
Deputy Chairman and CEO 
faldi.ismail@kalimantan.com 
or 
Gerald Cheyne, +44 (0) 2077311806 
Director Corporate Development 
Mobile: +44 (0) 7717473168 
gerald.cheyne@kalimantan.com 
or 
Alexander David Securities Limited 
Bill Sharp/ David Scott, +44 (0) 20 7448 9820 
or 
KLG's Nominated Adviser 
RFC Corporate Finance Ltd 
Stuart Laing, +61 8 9480 2506 
stuartl@rfc.com.au 
 
 
 
 
 

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