PAPUA NEW GUINEA - High copper grades in Nakru-02 samples

Coppermoly has received exceptionally high grade copper assays from rock chip and float samples collected over the Nakru-02 prospect at the Nakru exploration licence on New Britain Island.

Best results from rock chip samples collected from mineralized outcrops are 24%, 5.15%, 3.4% and 1.88% copper. Samples were taken at 3 to 5 metres intervals from outcrops.

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PHILIPPINES - Medusa suspends activities

Philippines-focused gold miner Medusa Mining said mining activities at its Philsaga assets were suspended last week for safety reasons.

It said there had been an intense Low Pressure System situated over the southern section of Mindanao for the past two weeks resulting in heavy rains which had caused extensive flooding.

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PHILIPPINES - Canatuan milling operations cease

TVI Pacific’s Philippine operating affiliate TVI Resource Development Philippines (TVIRD) has stopped milling operations at its Canatuan mine after having exhausted its remaining stockpile, pending the results of assessing various mine life extension and expansion opportunities.  It is expected that at least one more shipment of copper concentrate will be scheduled.

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