Gold Mine Kalimantan JV 60% USD 13.5 M or TO USD 16.5

Category

• Investment >> Mining >> Mineral industry >> Gold mines

Description

Looking for Partner, so the Partner will get 60% share by injecting capital USD 13.5 Million or Take over 100% for USD 16.5 Million.

The results of the Alluvial and Primary analysis were found to be 580,000 tons (40% of the 1,450,000 tons deposit) using a manual drill system (Hand Auger), dumping machines and excavator units. Drilling using a Jacro 175 machine drill from the PT. PDK.
To get the primary gold content (60% of the 1,450,000 ton deposit) it needs to be further analyzed and re-drilled in detail.
[10/19, 12:55] Fatah_cjr: A total of 10,020 Ha, IUP OP permits 6,265 Ha, and Exploration IUP status 3,755 Ha (CNC No. 121
MINE STRUCTURE :
GEOGRAPHY / GEOLOGY :
• Warukin Formation (TMW)
• Sintang Breakthrough Rock (Toms)
• Sepauk Tonalite (Kls)
• Air Benakat Formation (Tma)
ALLUVIAL
• Average from 1,000 Ha, Average Alluvial Thickness 10 M²
• Inside the mine area there are several alluvial grades (carats) of gold that vary PRIMARY
• Average of 1000 Ha with Thickness : 3 M GOLD CONTENT • 26 ppm (gr/ton)