Tampakan negotiations ongoing

INDOPHIL Resources is continuing to implement a revised work plan for the Tampakan Copper-Gold Project and is continuing discussions on clarification of Glencore’s intent in respect of its ongoing involvement in the project’s development. For the remainder of the year Sagittarius Mines, which is owned by Glencore and Indophil, intends to focus on the Philippine Government’s approval process along with the Indophil-funded Off-Lease Infrastructure - Environmental Impact Assessment (OLIEIA).

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Mankayan mineralization is open at depth

EXPLORATION by former joint venture partner Gold Fields on Bezant Resources’ Mankayan Copper-Gold Project shows mineralization to be open at depth with grades broadly consistent with Bezant’s JORC-compliant resource estimate. This was revealed after Bezant obtained all data generated by Gold Fields following its withdrawal from the JV.

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Positive results from Itogon drilling

ECR-outcropECR Minerals has received positive results from reverse circulation (RC) drilling at the Itogon epithermal gold project. Results demonstrate the existence of high and very high grade narrow vein hosted gold mineralization with lower grade mineralized haloes. Sections consisting only of low grade mineralization are also evident.

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Gambang exploration on hold

ROYALCO Resources’ exploration activities in the Philippines are on hold pending phase 3 renewal from the Mines and Geosciences Bureau (MGB). This phase covers the Cableway prospect which is the highest priority target in the Gambang project tenements.

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