CybeRelease: (OTC: KALG) Hires Geologist for JORC Code Compliant Report
(CybeRelease, May 8, 2007) – Lake Harmony, Pa. - KAL Energy, Inc (OTC BB: KALG) announced that it has retained Gregory John Parham, M.AusIMM as its Independent Consulting Geologist. Mr. Parham will produce a JORC Code Compliant report on the exploration results of the previously announced $2 million Phase 1 Exploration program on KAL Energy’s Thermal Coal Project in East Kalimantan, Indonesia.
“We are delighted to have retained Mr. Parham as our independent consulting geologist, and look forward to working with him to ensure our program delivers on its stated goal of upgrading our geological estimates to a JORC Code ’Inferred Resource’ status,” stated Cameron Reynolds, KAL Energy’s CEO. “With the excellent rates of progress achieved by the team to date, we anticipate completing the report by mid-June,” Mr. Reynolds added.
KAL Energy recently announced the completion of over 3000 meters of drilling of its Phase I exploration program, which includes extensive drilling, trenching, sampling and mapping of known geological structures, and exploration for unknown structures. The company has exhibited an increase in productivity due to the build up of its on site infrastructure and personnel. The company anticipates the completion of Phase I within this quarter.
The Australasian Joint Ore Reserves Committee (JORC) is the governing body of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). The JORC Code provides minimum standards for public reporting to ensure that investors and their advisers have all the information they would reasonably require for forming a reliable opinion on the results and estimates being reported. For more information see the JORC website at www.jorc.org
Gregory John Parham M.AusIMM is Consultant Geologist. He has worked as an exploration geologist for 25 years in several countries in the Asia Pacific region including Australia, Indonesia, Papua New Guinea and the Philippines. Of these, 15 years has been spent in Indonesia as project manager and regional exploration manager for a number of medium to large multinational mining companies including Pelsart Resources NL, Highlands Pacific Ltd and Cyprus Amax Ltd.
KAL Energy’s wholly owned subsidiary Thatcher Mining Pte. Ltd. has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O’Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. With one of the world’s largest thermal coal exporters Kaltim Prima Coal (KPC) as its neighbor, KAL energy’s concessions are in a region that is known for its extensive open pit thermal coal producing mines. Indonesia has recently surpassed Australia as the world’s leading thermal coal exporter, with prices varying from $30.00 to $60.00 plus per ton.
For more information on KAL Energy, Inc. please visit our web site at www.kalenergyinc.com
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