Mining

HALMAHERA Epithermal Gold Project

The Halmahera Project comprises two contiguous blocks under two mining licenses. The first license covers an area of 1,500 Ha (15 Km2) and the other one at 12,000 Ha (120Km2) for a combined area of 13,500 Ha.

The potential of Halmahera epithermal deposit has been documented in  journal of Geochemical exploration 60 in 1998. Exploration in the gold prospect has been conducted by Sinomine Exploration (China) and Dragon Mining (HK) geological team and strongly support the potential of the prospect area.

The neighboring operating mine site, NEWCREST is known as the Top three operating gold mine in Indonesia.