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KALIMANTAN GOLD CORPORATION LIMITED
Canadian Office: Indonesian Office:
Suite 405 – 555 Sixth Street Jl Teuku Umar 32A
New Westminster, BC V3L 5H1 Palangka Raya, Kalimantan, Tengah
Canada 73112 Indonesia
For Immediate Release NR04-01 TSX Venture Exchange
February 11, 2004 Symbol: “KLG”
Vancouver, British Columbia
KALIMANTAN GOLD’S BAROI
PRODUCES SOME HIGH-GRADE DRILL RESULTS
Kalimantan Gold Corporation Limited (“KGC”) has successfully completed a shallow scout
diamond drilling program of 22 holes and has now commenced drilling 6 holes to depths of 300
meters at the Baroi Far East Zone (“FEZ”). The objective of this follow up program is to test the
Baroi copper silver gold porphyry system and potential for a structurally hosted massive sulphide
deposit. Evidence of this potential was encountered in the mineralization of hole BF-5, which
while it was drilled down dip; it produced a total mineralized intersection of 83 metres:
Copper Lead Zinc Silver Gold
“Cu” “Pb” “Zn” “Ag” “Au”
Hole From To M % % % g/t * g/t
BF5 2.45 85.45 83.00 2.6% 0.6% 1.9% 61.1 0.22
Including
upper
base
metal
rich vein 2.45 31.45 29.00 3.2% 1.8% 4.2% 97.1 0.57
Including
lower
copper-
rich vein 40.45 64.45 24.00 5.1% 0.04% 1.2% 88.5 0.02
*g/t = grams per tonne
Rahman Connelly, CEO commented, “Whilst only 12 scout holes were planned we did 10
additional ones as a result of the encouraging geology and mineralization found in the early holes.
In addition Airborne Magnetic and other aerial data has been re-evaluated, SWIR spectral and
PIMA analysis has been undertaken and samples analysed to determine background geochemical
values. All this information was reviewed on site in late January by an internationally recognized
copper gold porphyry expert, Mr. Terry Leach, with the objective of precisely defining targets for
the six 300 meter holes.” Mr Leach’s detailed report will be available on the KGC web site in the
near future.
News Release NR04-1 February 11, 2004
Kalimantan Gold Corporation Limited – KLG – TSX.V Page 2
Discussion of Scout Drill Program
The exploratory diamond drill holes were drilled in NQ and BQ drill core size, to a maximum
depth of 85 meters and were all inclined at 60°. These holes have been drilled over an area of 900
meters east-west and 1800 meters north-south to test a variety of geological targets in what is
otherwise difficult-to-sample terrain. These targets include:
a) Diatreme breccia – holes BF -1, BF-22
b) Gossanous silica zones – BF -4, -6, -7, -8, -10 & -11
c) High grade vein outcrops – BF -2, -3, -5, -9, -18, -19, -20
d) Silica sand area – BF -12, -13
e) Dacite porphyry and advanced argillic alteration – BF -14, BF-21
f) South-east area near contact with granodiorite pluton – BF -15, BF -16
g) Intense phyllic alteration to the south-west: BF -17
The Company is most encouraged with the results and findings of this exploratory drill program.
As the program was intended as a geological exercise, only drill core displaying significant
mineralization was selected for geochemical analysis. A detailed list of all drill holes showing
locations is attached at the end of this release.
High grade copper zinc, lead, silver and gold were intersected in a number of holes. The drill hole
BF-5 mineralization is hosted in veins that occur within a 200 meters wide south-east trending
zone that extends 4-5 kilometres north west to the Central Zone. This massive mineralization is
interpreted to be the result of mineral rich fluids migrating from a shallow porphyry intrusion
through zones of strong structural dilation at the FEZ.
Other significant intercepts from the holes assayed in this shallow hole drilling program are as
follows.
Cu Pb Zn Ag Au
Hole From To Metres % % % g/t g/t
BF-1 1.80 14.00 12.20 0.06 0.08 0.14 3.25 .01
BF-2 4.30 22.30 18.00 0.38 0.02 0.12 8.5 0.04
BF-3 42.00 43.00 1.00 0.57 0.25 1.90 29.0 0.26
BF4 52.75 76.75 24.00 1.53 0.25 2.27 28.6 0.13
BF5 2.45 85.45 83.00 2.64 0.62 1.85. 61.1 0.22
Including 2.45 31.45 29.00 3.18 1.71 4.21 97.1 0.57
40.45 64.45 24.00 5.08 0.04 1.24 88.5 0.02
BF-6 11.20 23.20 12.00 0.33 0.04 0.06 60.5 0.10
BF-7 64.20 70.20 6.00 1.25 0.93 1.96 40.5 0.03
BF-8A 47.00 53.00 6.00 0.79 0.02 0.13 15 0.02
BF-8B 19.00 35.00 16.00 0.55 0.05 0.09 20.5 0.02
BF-9 6.80 36.80 30.00 2.18 0.07 0.37 53.7 0.05
BF-10 4.30 7.30 3.00 0.42 5.04 0.14 99.0 0.17
BF-10 51.30 54.30 3.00 2.38 0.02 0.17 50.0 0.11
BF-11 54.80 57.80 3.00 4.15 4.66 5.10 208 0.05
News Release NR04-1 February 11, 2004
Kalimantan Gold Corporation Limited – KLG – TSX.V Page 3
BF-11 69.80 72.80 3.00 3.45 0.21 0.69 69.0 0.05
BF-12 31.50 79.50 48.00 0.46 0.61 1.32 22.7 0.13
Including 31.50 43.50 12.00 0.81 1.32 2.82 44.5 0.16
BF-13 14.00 36.00 22.00 0.23 0.01 0.03 4.7 0.08
BF-13 36.00 81.00 19.00 0.01 0.04 0.48 1.8 0.01
BF-14 No significant results
BF-15 11.00 18.00 7.00 0.20 0.09 0.54 5.6 0.02
BF-15 47.00 75.00 18.00 0.03 0.10 0.40 2.8 0.01
At the time of writing assay results for drill holes BF-17 through BF-22 are pending.
Diatreme-like breccias were intersected in drill holes BF-14, BF-21 and to a lesser extent BF-8 in
the southern part of the project area. The presence of porphyry intrusion, silicified and sulphide
clasts in these breccias, increases the potential for an economic porphyry system in the south and
west part of the FEZ. This is supported by the intersection of extensive phyllic alteration in BF-
17, and moderate phyllic alteration in bottom hole BF-12, -13 and BF-14.
Drill hole BF-22 also intercepted a clay supported matrix diatreme breccia, with clasts of
mineralized porphyry, silisified rocks and quartz veins containing chalcopyrite, in the northern
part of the project area. The hole was terminated at 45 meters, as the small drill rig was not
capable of penetrating further into the diatreme. This hole has provided further strong evidence of
an underlying mineralized copper gold porphyry system at the FEZ.
A conceptual model incorporating surface geology and data, plus the results from the scout
drilling program has been developed for the Baroi Far East Zone.
This model suggests that the high grade quartz sulphide veins occur as dilational jogs within the
major SE structural zone. These exceptionally dilated zones are most likely the result of a mineral
rich porphyry intrusion at depth in the southwest portion of the FEZ, where intense phyllic
alteration has been identified in drill hole BF 17. The presence of a diatreme breccia and
advanced argillic alteration in drill hole BF 14 and BF21 also supports this model.
Additional work undertaken
In addition to drilling, KGC has conducted several other exploration activities during the past 3
months, which have provided information vectors on the FEZ prospect. These include:
• The collection and analysis of 425 rock and drill core samples using SWIR spectral analysis
or PIMA.
• The systematic collection and analysis of 65 host rock or non vein channels samples is an
attempt to determine background geochemical valves at the prospects.
• The re-evaluation and interpretation of Airborne Magnetic data over the entire Contract of
Work, with specific attention to the Baroi prospect.
• The interpretation of aerial photographs Landsat ETM and radarsat imagery over the entire
CoW, with specific attention to the Baroi prospect.
News Release NR04-1 February 11, 2004
Kalimantan Gold Corporation Limited – KLG – TSX.V Page 4
As a result of this work, KGC has commenced exploration activities in an area 5 kilometers south
east and down strike from the FEZ, where porphyry signatures have been identified.
Objectives of 300 meter hole program
The ongoing drilling program will utilize the Company’s man portable RB34 drill rig capable of
depths to 300 meters. This program is designed to test:
• The potential for a high grade low tonnage massive sulphide orebody in a similar setting, and
possibly a deeper extension, to that intersected by BF -5.
• The potential for a mineralized porphyry at shallow levels in the south-west part of the FEZ.
• The source of copper mineralization associated with quartz veins in the northern diatreme
breccia.
The Government of Indonesia through the Governor of Central Kalimantan has granted KGC a
5,000 hectare expansion to the KSK Contract of Work bringing the size to 129,300 hectares.
KGC has also received written assurance from the Governor of Central Kalimantan that the
government will fully support the Company rights under the KSK CoW to explore and mine
within a protected forest area. KGC holds a 75% interest in the KSK CoW.
Presently a team of 35 men is on site at the FEZ and a camp expansion is underway to
accommodate up to 100 personnel.
KGC has established quality assurance procedures for sampling and assays. This includes
duplicate and re-assay checks of samples with PT Intertek Utama Services, Jakarta, an
internationally recognized Lab other than that normally used, PT Indoassay Laboratories,
Balikpapan. All data disclosed, including sampling, analytical and test data in this press release
have been verified by the Company’s Qualified Person, Mr. Didik Prasetyo, senior project
geologist. A detailed list and map of all drill hole locations drilled to date is attached.
For further information call: Doris Meyer, Corporate Secretary
Phone: (604) 516-0566 Fax: (604) 516-0568 Email: info@kalimantan.com Or visit the
Company’s website at : www.kalimantan.com
The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this
release.
News Release NR04-1 February 12, 2004
Kalimantan Gold Corporation Limited – KLG – TSX.V Page 5
Hole Grid_X GRID_Y Z Bearing Incline Depth
BF-1A 51440 34666 520 90 -60 24.55
BF-1B 51440 34666 520 270 -60 45.50
BF-2 51211 34380 555 10 -60 69.40
BF-3 51211 34380 555 190 -60 48.85
BF-4 51135 34393 545 200 -60 76.75
BF-5 51346 34140 615 210 -60 85.45
BF-6 51233 34087 615 210 -60 76.75
BF-7 51233 34087 665 30 -60 70.20
BF-8A 51267 33856 710 10 -60 73.00
BF-8B 51267 33856 710 50 -60 73.30
BF-9 51517 33798 635 70 -60 77.00
BF-10 51577 33642 650 50 -60 74.40
BF-11 51562 33539 665 20 -60 81.00
BF-12 51106 33555 685 20 -60 79.50
BF-13 51106 33555 685 200 -60 81.00
BF-14 51002 33448 690 20 -60 80.40
BF-15 51292 33169 640 20 -60 79.75
BF-16 51233 32947 660 20 -60 74.40
BF-17 50735 33345 690 50 -60 81.80
BF-18 51129 33755 700 50 -60 84.50
BF-19 51033 33913 640 20 -60 81.40
BF-20 50972 34096 590 210 -60 80.55
BF-21 50998 33439 690 200 -60 85.30
BF-22 51307 34552 530 20 -60 45.40
