Gold News

Kalimantan Gold Corporation begins drilling for gold

Kalimantan Gold Corporation (KGC) has revealed that it has begun drilling at its Jelai Mewet gold prospect in Indonesia.

The 4,000 metre drill program began earlier this month and will last for the next six months. It is hoped the program will identify an initial gold resource.

To achieve this, KGC plans to diamond drill around 32 holes to further test the Mewet vein system. This area was previously explored by Indochina Goldfields (now Ivanhoe Mines).

"Our first objective is to locate the mineralized vein before infilling with a series of deeper drill holes," explained KGC's vice president of exploration, Mansur Geiger.

"In doing this we will be endeavoring to identify the high grade shoots and potential bonanza zones that have previously been encountered at surface. If successful, this will enable us to identify an initial resource."

While the Jelai site contains 11 known gold veins, just one was previously explored by Indochina Goldfields.

During this earlier exploration, the company achieved highly positive results while only drilling ten per cent of the five kilometer strike length.


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