Consolidated Benzac Development (VSE) now has contracts of work (CoWs) covering more than 1,310 sq. km on the Indonesain island of Kalimantan.
The company acquired two new CoWs covering the Bunut epithermal project and the Sanda porphyry gold-copper project. The projects comprise 540 sq. km within the central Kalimantan Arc.
In addition, Brenzac has acquired the 770-sq.-km Tanah Laut epithermal gold and porphyry copper-gold project in south Kalimantan. The property is covered by an existing CoW.
The projects will be owned 90% by Consolidated Brenzac and 10% by its Indonesian partners.
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