SOUTHEAST ASIA SPECIAL — Nugget Resources acquires property in Kalimantan

Toronto-based Nugget Resources (ASE) has staked an 8,500-hectare property in West Kalimantan, Indonesia.

It has also lodged a performance bond of US$5 per hectare with the Indonesian Department of Mines.

There is no record of work having been conducted on the property, but the company views it as prospective because it is on the eastern edge of the so-called Chinese district, an area that produced gold in the 18th and 19th centuries.

Exploration work will begin once the Indonesian mines ministry grants an agreement for a contract of work.

Print

Be the first to comment on "SOUTHEAST ASIA SPECIAL — Nugget Resources acquires property in Kalimantan"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close