Drilling Starts at KSK CoW Copper Project
May 28 2012 - 02:00AM
UK Regulatory
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