Monday, June 30, 2014
Borneo to Increase Gold Production Capacity by 200% at Ratatotok South Property
BOTHELL, WA (Marketwired Jun 30, 2014) Borneo Resource Investments Ltd. (OTCQB: BRNE), (the Company or Borneo ) a mining company that mines gold and develops producing gold mining properties in Indonesia, today announced it is building its second processing area to extract more gold from ore at its Ratatotok South property. Borneo expects this infrastructure expansion will triple the Company s gold production at the property. Borneo acquired Ratatotok South, one of its three contiguous Ratatotok properties, in December 2013 through its subsidiary PT Puncak Kalabat. The 8.5 hectare property, located in the middle of a well-established gold reef area, became the Company s second producing gold mine. Borneo started mining the property shortly after its acquisition and completed its first full production run in May 2014. Ratatotok South s current heap leach processing area yields 2 3 kilograms of gold per month from approximately 2,500 metric tons of ore. Borneo is now building its secon
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