PHILIPPINES - Commercial mining to begin at T’Boli

Cadan Resources’ Philippines affiliate Tribal Mining Corporation will begin commercial mining production at the T’Boli gold-silver mine after receiving approval from the Mines and Geosciences Bureau. T’Boli is fully equipped with a commissioned carbon-in-leach (CIL) gold-silver processing plant, gravity concentrator, electro-winning circuit, tailings storage facility and powerhouse as well as a trained local workforce.

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PHILIPPINES - King-king investment progressing

St Augustine Gold & Copper has issued 75 million shares to Russell Mining & Minerals (RMMI) as outlined in the sale purchase agreement signed between the two companies for the King-king project two years ago. The work done to date at the copper-gold project has been independently verified and triggered St Augustine’s obligation to issue the tranche two shares, which are subject to trading restrictions until February 2013.  1

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PHILIPPINES - New drill results from Archangel

Final significant results from three recent drill holes at Mindoro Resources’ Archangel prospect at the Batangas Gold Project in the Philippines have confirmed original intersections. The drilling is being funded by Red Mountain Mining, which is acquiring the project.  1

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