News: Sihayo Gold finalising loan to progress North Sumatra gold project

Sihayo Gold (ASX:SIH) is in the final stages of finalising a loan from major shareholders to fund ongoing licensing and permitting of its Sihayo Gold Project in North Sumatra.

The project has Measured, Indicated and Inferred JORC 2012 Resources of 1.4 million ounces of gold with a Proved and Probable Reserve of 554,000 ounces.

The company holds an interest in the Project through 100% ownership of Aberfoyle Pungkut Investments Pte Ltd, which has a 75% interest in the project.