Red Mountain Mining has updated the mineral resource estimate for the Batangas Gold Project on Luzon Island. The project comprises the Archangel ‘Kay Tanda’ and Lobo ‘South West Breccia’ (SWB) prospects and was recently acquired from Mindoro.
Red Mountain has used and reinterpreted the historic drill data base of Mindoro and additional information from recent drilling and trenching to estimate the resource, with the total of the two sites hosting an indicated and inferred 5.8 million tonnes for 407,000 ounces of gold and 606,000 ounces of silver.
This is a reduction on the previous measured, indicated and indicated resource at Archangel which totalled 13.5 million tonnes for 434,700 ounces of gold and an indicated and inferred 331,000 tonnes for 66,920 ounces of gold at Lobo.
The company has adopted a strategy to transition Batangas’ historic low-grade bulk gold tonnages to higher grade resources suitable for a carbon-in-leach (CIL) treatment facility with a focus on discovering additional high grade gold lodes and developing the current resources.
Drilling is under way to test the epithermal gold lode structures at West Drift, Lobo, where two drill rigs are operating. A third rig is being added for scout drill-testing of other gold targets in the over 10km of epithermal vein breccia trends at Lobo.
Meantime, Red Mountain has appointed a new Philippines country manager after Tony Climie’s resignation. Geoffrey Boswell has more than 25 years’ experience in exploration, mining, resource assessment and environmental assessment predominantly in gold and copper projects.
Red Mountain’s executive chairman Neil Warburton says, “We are thrilled to have secured Geoff as our country manager. He is the ideal appointment for Red Mountain as we look to expand the high grade gold resource base and progress the Lobo and Archangel gold projects towards development.”