New high grade gold results have been confirmed at the Taub prospect within Mining Group’s Comval Project in the Philippines. The Taub prospect is a newly discovered vein system about 7km north of the Tagpura copper deposit.  1

Results for the third trench at the site have returned a best intersection of 14 metres @ 11.38 grams/tonne gold and 18.06 grams/tonne silver from within a quartz vein and the associated wall rock alteration zone of the volcanic host rock. An individual rock chip result from the same trench within a pyrite bearing quartz vein returned 57.30 grams/tonne gold and 122.9 grams/tonne silver.

This comes just four weeks after the first trench reported an intersection of 4 metres @ 17.75 grams/tonne gold and 51.45 grams/tonne silver. High grade gold mineralization has now been identified in multiple east-northeast striking quartz veins ranging in thickness from 10 centimetres to over one metre and striking over a 300 metre length, and open in both directions.

Mining Group’s managing director Zeff Reeves says, “Taub is clearly a high quality drill target with the latest results demonstrating the continuity of the mineralized system over a 300 metre strike length with exceptional surface gold and silver grades. These results not only show the zone is continuous but highlight the high grade nature of Taub. We are aiming to commence RC drilling within the next few months to follow up these exciting results.”

Mining Group has undertaken a systematic trenching, mapping and sampling program at Taub and is also carrying out similar work at Ugpo, which is 1.5km to the west where four trenches have been installed. Initial results have indicated the presence of another strike extensive gold-bearing zone.

“We need to carry out further work at Ugpo to better understand the controls on mineralization prior to committing to drilling testing,” says Zeff Reeves. The Comval project is 90km north of Davao City in Mindanao.

www.mininggroup.net.au

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