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Gold/Mining/Energy : Borneo Gold (VSE:BNO)
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To: Eric Rojas who wrote ()1/27/1998 9:30:00 PM
From: Ron Everest  Read Replies (1) of 233
 
News Release: 7 th generation cow's

Indonesian contract of work approved

Borneo Gold Corporation BNO
Shares issued 32,800,000 Jan 26 close $0.75
Tue 27 Jan 98 News Release
Mr Francis Manns reports
Borneo Gold has received signed letters from the Ministry of Mines and
Energy indicating that Indonesia's President Suharto has approved the
company's 7th generation contracts of work. The date for the signing of the
contracts is expected to be in the third week of February 1998.
Included in the company's contracts receiving approval is the highly
prospective Bunut CoW area in West Kalimantan. The company has a 90%
interest in this 186 square kilometre area. Since August of 1996 the
company has conducted preliminary exploration on this area under a
temporary work SIPP licence. The company expects to release further
information on this preliminary exploration work shortly.
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