Kalimantan offers an exclusive ground floor entry to one of the last known areas of intense mineralization in the world yet to be explored - Kalimantan, Indonesia.
Kalimantan is the Indonesian part of the island of Borneo. It occupies the central and southern regions of the island.
Indonesia is one of the most mineral rich areas on the face of the planet, and mining companies from around the world are showing an increasing interest.
From Olympia Resources:
Olympia Resources has three highly prospective zircon tenements in the mineral-rich Indonesian province of Kalimantan. General Gold mines have been operating in Central Kalimantan for many decades both in hard rock and in alluvial river channels. Zircon and to a lesser extent rutile and ilmenite is generally associated with the gold in the river channels. This is not unusual as heavy mineral sands are often associated with alluvial gold deposits. Recently with the increase in the value of zircon to approximately $USD750 per tonne it has become apparent to locals in Central Kalimantan that zircon can be mined in gold tailings areas and along existing rivers on a small scale to provide them with an income. This has led to the establishment of a number of small to medium zircon/gold mining operations in Central Kalimantan.
PCE Price at posting:
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