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Kalimantan Gold Corp. Ltd.
Summary
| Project: | Beutong | |
|---|---|---|
| Deposit: | Beutong | |
| Location: | Indonesia | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 12/24/2014 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-12-2014: Kalimantan Gold Corp. Ltd. announces a Resource Estimation report for its Beutong deposit at the Beutong project. Updated mineral resource estimate for Beutong project. This report details aspects of the Beutong Project and the generation and | |
| Resources: | (Resource, M+I): 93Mt @ 0.61% Cu, 0.13ppm Au, 1.97ppm Ag, 97ppm Mo | |
| CP/QP: | [Resources]: Duncan Hackman (Hackman and Associates Pty Ltd.) | |
| ABSTRACT: | This report details aspects of the Beutong Project and the generation and classification of the 2014 Mineral Resource identified by drilling of the Beutong Porphyry and Skarn mineralisation and undertaken in accordance with directives set-out in the CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices Guidelines” (CIM Guidelines) and the CIM “Definition Standards On Mineral Resources and Mineral Reserves” (CIM Standards) The Beutong 2014 Resource Estimate deals with the copper-gold-silver-molybdenum mineralization for the Beutong prospect located 60 kilometres north of Suka Makmue on Aceh’s west coast. The Beutong mineralization is located within tenement held 100% by PT Emas Mineral Murni (EMM) under license IUP 545. This NI 43-101 report is prepared for both Tigers Realm Metals Pty. Ltd. (TRM) who, through subsidiary companies currently holds a 40% interest in the Beutong Project and Kalimantan Gold Corporation Limited who, on the 26th November 2014 entered into a non-binding agreement (Letter of Intent) to purchase 100% of TRM’s interest in the Beutong Project. | |
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