Location
Mining concession for APK is located 1.5 hours by boat to the west of the city of Sintang, Borneo. The site can also be accessed by 4×4 truck with estimated time of 3-3.5 hours. The conditions of the site are jungle with mature trees and dense under brush. Soil conditions are sedimentary alluvial to varying depths from 1m-6.7m.
The concession area in Sintang, Kalimantan Barat (West Borneo)
Geology
Based on the data observed in the Geographical Map of Sintang Sheet, Kalimantan by Reryanto, R., et. al. (1993), the rock lithology description on the IUP location of PT. APK consists of:
- Alluvial sediment (Qa): the materials are sand, gravel, mud and plant. It was accumulated on the Quarter Period.
- Tebidah Formation (Tot): the rock units consist of greyish mudstone and siltstone on the lower layer, intersections of greyish, reddish and greenish lithic sandstone and mudstone on the upper layer.
Surface Development
Our mining team has cleared significant area to begin extraction of alluvial material. We have developed water reservoirs for the wash plant and other sources for clean water for other processes. We have also developed a pump system to take water from the Kapuas river when additional water is needed. Currently, our team can process 60 tons of material daily. With the additional injection of needed capital we can drastically increase our daily production to approximately 125 tons.
The area of the concession and the exploration area.
APK area for JORC standard reporting. Area indicates the first stage for alluvial mining
and distance from the Kapuas river. This area is the farthest north of the 1000 Ha.
Concession and from our initial surveys yields the most potential to begin operations.
Detailed Geo-Electric Survey and Drilling in the exploration area
According to our most recent geological data this site indicates a potential reserve of 24.09 tons of gold which equals to .091 tons per year (processing 60 tons of material/ day). At current market value (1oz of gold is $1132.90), so if our total yearly estimated gold tonnage per year is equal to .091 tons then we would expect about $ 3,659,833.45 USD of gross profit.
Above is the initial layout for the tailing pond, production plant, and water reservoirs
needed to begin mining operations.