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Read the July 2, 2008 news release and the NI 43-101 compliant disclosure (PDF 1.69MB) for full details.
Kalamatan has a historical resource of 18.6 million tonnes @ 0.39% copper, 0.5g/t gold, 4.0g/t silver.
mineralized corridor and potential
This first phase drilling at Kalamatan now represents a corridor of continuous mineralization of some 500m long by 150m wide and to a drill depth of 300m. This corridor, 500m long by 150m wide and to a depth of 500m, indicates a "conceptual or order of magnitude" potential tonnage of some 100 million tonnes.
The mineralized zone is open in all directions; a conservative extension of the corridor is 1,000m long by 350m wide and, projected to a depth of 500m, indicates a "conceptual or order of magnitude" potential tonnage of some 525 million tonnes.
These latest results at Kalamatan confirm a very large Philippine style porphyry copper-gold deposit that, with the reported "conceptual or order of magnitude" tonnage and grade is potentially economic and provides another major resource.
Kalamatan porphyry copper-gold deposit was first identified in the early 1970s and, in 1974, geophysics was undertaken. It highlighted an induced polarization anomaly of some 1,500m by 1,000m, with a smaller anomaly to the south east of some 300m by 700m.
located north of tapgura porphyry and porphyry skarn
The Kalamatan porphyry copper-gold deposit is located some 5km north of the Tagpura Managob corridor porphyry copper gold deposit which, in News Release dated June 2, 2008, the Company announced, has a "conceptual or order of magnitude" potential tonnage range between 1 billion tonnes and 1.7 billion tonnes and a grade range between 0.30% copper and 0.17 g/t gold to 0.7% copper and 0.31 g/t gold. (see News Release dated June 2, 2008) and the Tagpura porphyry skarn zone which, in a News Release dated August 5 2008, the company announced has a "conceptual or order of magnitude" potential tonnage range of some 10 million tonnes to 15 million tonnes with a potential grade range between 0.50% copper and 0.20 g/t gold to 0.70% copper and 0.31 g/t gold.
It is earmarked for early production through possible "bacterial heap leach" with a projected 2MT a year operation.
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core photos
drill chips from TGRC59
ore photos
gypsym veining
maps
satellite map of projects
satellite map close-up of Comval projects
models
Tagpura-Maangob Kalamatan Belt with geophysics IP overlay
photos
Ian Cooper in Kalamatan adit
RC drill
RC drill at TGRC59
technical director Bill Goode
view from drillpads
RC drilling at Kalamatan
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