Kalimantan unveils strong results from KSK Copper Project
Kalimantan Gold Corp. saw it shares rocket on Tuesday morning after announces strong results from its ongoing delineation and scout drilling programs at its KSK Copper Project in Indonesia, together with plans for a substantial drilling and exploration programme at the project in 2013.
Kalimantan Gold Corp. saw it shares rocket on Tuesday morning after announces strong results from its ongoing delineation and scout drilling programs at its KSK Copper Project in Indonesia, together with plans for a substantial drilling and exploration programme at the project in 2013.
The programme has been budgeted up to $16.2m.
Drilling has so far intersected broad intervals of significant copper mineralisation, including 60.1m at 1.03% copper and 67.5m at 0.63% copper.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The preliminary resource estimate for Beruang Kanan is expected in the second quarter of the year.
The group also said that field mapping at eastern Beruang Tengah has identified strong sulphide mineralisation in outcrop, measuring 250 by 250 meters, and returned preliminary assays of up to 9.6g per tonne of gold from rock chip samples.
At the end of January, 17 out of 29 proposed holes had been completed at Beruang Kanan.
The group's share price rose 25.93% to 4.25p by 09:30.
NR
-
Lloyds, Halifax and Bank of Scotland to shut another 45 branches
Lloyds Banking Group, which includes Halifax and Bank of Scotland, is set to close a further 45 branches in 2024 - find out if a branch near you is closing.
By Vaishali Varu Published
-
US stock trading app Robinhood launches in the UK
The low-cost trading platform has opened another waiting list for British investors - following two failed attempts to launch in this country - and is hoping to be fully operational next year.
By Ruth Emery Published