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Copper potential of KSK COW - Kalimantan Gold Corporation Limited

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13<br />

___________________________________________________________________________________<br />

Oxiana <strong>Limited</strong> drilling<br />

Oxiana drilled 10 holes at Beruang Kanan (Fig. 8) where reprocessing <strong>of</strong> the IP data<br />

led them to believe that there was a strong correlation between near-surface<br />

conductive and chargeable zones and copper in drill holes and soils (Stewart et al.,<br />

2007).<br />

Drill hole Location Azimuth Inclination Length (m)<br />

KBK0019 South Zone 090 o -60 o 303.65<br />

KBK0200 Main Zone 090 o -70 o 304.90<br />

KBK0021 Main Zone 270 o -70 o 636.60<br />

KBK0022 Main Zone 270 o -65 o 451.70<br />

KBK0023 Main Zone 090 o -70 o 601.90<br />

KBK0024 South Polymetallic 090 o -70 o 305.00<br />

KBK0025 South Polymetallic 090 o -90 o 393.20<br />

KBK0026 Main Zone 270 o -50 o 454.70<br />

KBK0027 West Zone 070 o -60 o 278.70<br />

KBK0028 South Zone 090 o -70 o 151.30<br />

Table 2. Oxiana <strong>Limited</strong> drill holes at the Beruang Kanan Prospect (data from<br />

Stewart et al., 2007).<br />

Drill hole From (m) To (m) Cu (%) Au (g/t)<br />

KBK0020 9.6 52.0 0.12<br />

KBK0021 16.6 60.6 0.58<br />

KBK0021 147 188.7 0.46<br />

KBK0024 95.5 136.0 0.51<br />

KBK0028 0.0 61.0 0.21<br />

KBK0028 10.0 14.5 7.7<br />

Table 3. Significant intercepts in Oxiana drill holes at the Beruang Kanan Prospect<br />

(data from Stewart et al., 2007)..<br />

Five holes were drilled in the Main Zone and most targeted chargeability anomalies<br />

suspected to represent either shallow supergene mineralization or deeper, hypogene<br />

mineralization (e.g. KBK0021). In addition, one hole (KBK0020) tested the<br />

possibility that a buried porphyry could be represented by a low chargeability zone<br />

((Stewart et al., 2007).<br />

In the South Zone, two holes were sited in an area <strong>of</strong> high density quartz-sulphide<br />

stockwork veining with anomalous gold, molybdenum and copper soil geochemistry.<br />

Hole KBK0028 intersected 61m @ 0.21% Cu from surface, including 4.5m @ 7.7g/t<br />

Au from 10m. In the South Polymetallic Zone (Rawa Zone), two holes tested the base<br />

metals zone with limited success. One hole was drilled in the West Zone where an<br />

extensive area <strong>of</strong> anomalous copper in soil geochemistry is present. The drill hole did<br />

not intersect any significant mineralization and the last 100 metres was in postmineral<br />

porphyry.<br />

___________________________________________________________________________________<br />

Peter J. Pollard<br />

<strong>Copper</strong> <strong>potential</strong> <strong>of</strong> <strong>KSK</strong> <strong>COW</strong>, Central <strong>Kalimantan</strong>

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