BAKAN GOLD MINE 

2014 EXPLORATION RESULTS UPDATE

Balikpapan, October 5th 2015

PT. J Resources Bolaang
J Resources – September 2011 Mongondow
 Presentation Outline

‰ Access and Location

‰ North Sulawesi Tectonic
‰ North Sulawesi Regional Geology
‰ Bakan Exploration History
‰ Bakan Geology
‰ Geophysic & Geochemistry
‰ Drilling Cross Section
‰ Bakan Mineral Resources

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 Access and Location

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 North Sulawesi Tectonic

Three main arc events:

• Middle Eocene– Early Miocene,

characterized by thick series
tholeitic basaltic volcanics
associated with deep marine
sediments.

• Miocene, represented by calc-

alkaline volcanics intruded by
comagmatic granitoids, interfings
with shallow marine sediments.

• Pliocene – Recent, largely of sub-

aerial volcanics of andesitic – dacitic
and comagmatic high level
intrusions.
Modified after Wilson and Moss, 1999

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 North Sulawesi Regional Geology

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 Contract of Work

No. B. 143/Pres/3/1997
covering area about 58,150 Ha

Consist of two block :
1. Lanut : Kab. Bol‐Mong Timur
2. Bakan: Kab. Bol‐Mong &
Kab. Bol‐Mong Selatan

Feasibility :
Gubernur Sulawesi Utara No: 272 
Tahun 2012

Construction :
Kementerian ESDM No : 
1815/31.02/DBM/2012

Production :
Kementrian ESDM No. 
233.K/40.00.DJG/2004

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 Exploration History

- In 16th century, Dutch found

potential gold mineralization
at North Sulawesi arm but it
was not evaluated and
followed up until the 19th
century

- Several companies surveyed

the north arm of Sulawesi for
mineral exploration in mid
1970’s

- Placer Dome BHP/Utah

Pasific – PT. Aneka Tambang
(1986 – 1994)

- PT. Newmont Mongondow

Mining (1995 – 2000)

- PT. Avocet Bolaang

Mongondow (2002 – 2011)

- PT. J Resources Bolaang

Mongondow (2011 – present)

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 Bakan Interpreted Lithology

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 Bakan Interpreted Alteration

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 Geophysic - Aeromagnetic

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 Geophysic - Groundmagnetic

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 Geophysic - IPDD Resistivity and Chargeability

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 Geochemistry - Soil Samples

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 Geochemistry - Rock Samples

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 Drilling Cross Section – Main Ridge

44.4m @0.52g/t Au
89.4m @0.69g/t Au

34.4m @0.57g/t Au
31.2m @ 1.12g/t Au
22.6m @0.44g/t Au
22.5m @ 0.68g/t Au

22.2m @0.59 g/t Au

39m @ 0.82g/t Au

80.6m @ 0.88g/tAu
36.8m @1.85 g/tAu

56.1m @ 0.6g/t Au

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 Drilling Cross Section - Osela

68m @2.4g/tAu
32m @1.62g/tAu
28m @1.88g/t Au
7.8m @1.26g/tAu
31m @1.01g/tAu 35m @ 1.19g/tAu1

33.7m @1.54g/tAu
18.8m@1.42g/tAu

39m @ 0.82g/tAu
11.9m @5.22g/tAu

21m@2.1g/tAu 25m @0.71g/tAu

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 Drilling Cross Section – Camp Site

CSD846: 91m @3.02g/t Au

CSD794: 95.5m @2.12g/t Au BKD002: 80.5m @ 2.73g/tAu1,

BKD018: 104m @ 1.62g/tAu1

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 Bakan Mineral Resources 2007 - 2011

Sumberdaya Site Bakan (berdasarkan J Milovanovic.et.al, 2007)

Mineral resource Estimate at 0.3 g/t Au Cut‐Off Grade (AMC, 2011)
Deposit Resource Category Tonne(Jt) Au(g/t) Ag(g/t) Au KOz Ag KOz
DURIAN Tertunjuk (Indicated) 16 0.73 3.70           376        1,903
Tereka (Inferred) 1.9 0.41 2.80             25            171
Sub‐total 18 0.70 3.60           405        2,083
OSELA Tertunjuk (Indicated) 5.1 1.00 4.80           164            787
Tereka (Inferred) 1.9 0.69 2.70             42            165
Sub‐total 7 0.93 4.20           209            945
TOTAL 25 0.76 3.80           610        3,054
Tota l  ma y not a ppea r to be the s um of da ta  due to roundi ng
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 Bakan Mineral Resources 2012

(Based on David Stock, October 2012)

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 Bakan Mineral Resources 2014
Bakan In‐Situ Mineral Resource November 2014 (JORC 2012)
All zones above a 0.3g/t Au Cut‐Off End October 2014 Mine Pick‐Up
Zone Category Mt Au g/t Ag g/t Au Koz Ag Koz
Measured 6.4 1.00 6.8 204 1,390
DURIAN

Indicated 7.2 0.70 5.5 163 1,274

Inferred 3.5 0.70 4.3 79 484
Sub‐Total 17.1 0.81 5.7 446 3,147
Measured 4.1 1.17 5.5 155 723
OSELA

Indicated 2.5 0.85 5.1 69 416

Inferred 0.7 0.65 5.3 15 125
Sub‐Total 7.4 1.01 5.3 240 1,263
Measured 0.0 0.00 0.0 0 0
SOUTH 
OSELA

Indicated 1.0 0.86 0.5 28 18

Inferred 0.3 0.98 0.7 8 5
Sub‐Total 1.3 0.89 0.6 36 23
CAMPSITE

Measured 0.6 1.38 12.9 27 256

Indicated 1.5 1.21 20.3 59 997
Inferred 1.4 0.60 10.9 28 500
Sub‐Total 3.6 1.00 15.3 114 1,753
Measured 4.2 0.66 3.2 90 436
MAIN 
RIDGE

Indicated 5.7 0.52 4.4 95 809

Inferred 5.6 0.46 2.6 82 478
Sub‐Total 15.5 0.54 3.5 267 1,723
Measured 15.3 0.97 5.7 477 2,805
Indicated 18.0 0.72 6.1 414 3,513
ALL

Inferred 11.5 0.57 4.3 212 1,592

TOTAL 44.9 0.76 5.5 1,104 7,910
(Based on David Stock, November 2014)

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 3D IMAGE OF BAKAN MINERAL RESOURCES

(David Stock, Nopember 2014)

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 Conclusion
‰ Bakan is a typical High-sulphidation epithermal system with a
silicification core enveloped by advance argillic to argillic alteration
assemblage.

‰ Bakan in situ mineral resources above 0.3 g/t Au cut-off totaling

44.9 Mt @ 0.76 g/t Au contain of about 1,104 Koz Au.

‰ A dynamic thinking, systematic geological concepts and adequate

supporting exploration gears were the key to the update resources
and discovery at Bakan

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 Acknowledgment

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