Kalimantan Gold (LON:KLG) the junior exploration company primarily focused on Indonesian gold and copper is about to enter a very interesting phase, as its key gold and copper projects are set to become active with the drill bit. With two very reputable JV partners working alongside Kalimantan Gold, Faldi Ismail the CEO believes that the two joint ventures ‘give the company breadth and a foundation with enormous potential’, which if the projects yield successful drill results will aid Kalimantan Gold in expanding further as they are also ‘currently seeking new exploration projects’ to develop.
Having recently announced that the Minister of Forestry has granted a "borrow to use" exploration permit for its Jelai Gold project in north eastern Kalimantan, coupled with the strong market value for gold, it’s probably as god a time as any to be exploring and proving up a gold resource alongside a partner committed to funding the project. This is a very important milestone for Kalimantan Gold, as it has now fulfilled its conditions under the Company's Joint Venture agreement with Tigers Realm Minerals, an Australian based privately owned resources company. 
The Jelai Gold project, which is 100% owned by Kalimantan Gold consists of 12 prospects, and has been the subject of considerable work, especially in tracking the results of the previous owner Indochina Goldfields. One of the prospects, the Mewet, is at an advanced exploration stage and has the potential to yield a major epithermal gold deposit, which the company compares in scale to the Vera Nancy mine in Australia, which has produced 2.3 million ounces to date. The permit recently issued, has given the Company authorisation to conduct exploration activities over the Mewet and 10 other of the 12 Jelai gold prospects and is valid for two years. Tigers Realm Minerals, who in return for meeting certain project expenditure obligations and completing a bankable feasibility study, may earn up to 70% interest in Kalimantan Gold’s Jelai Gold Project located in East Kalimantan. Tigers Realm's proposed drill program expenditure over the first 18 months is US$2m with approximately 8,000m of drilling at the Mewet prospect planned. 
With the eagerly awaited forestry permitting process now complete, the Jelai gold project is set to become active with a drill contactor in place and exploration mapping and sampling set to start in…
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