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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VIETNAM - Besra suspends operations during Tet

Besra Gold advises that in observance of the traditional Tet holiday period in Vietnam, it will suspend mining and milling operations in Vietnam for five days from January 29.

The company says that Phuoc Son ramp-up is being affected by a shortage of backfill that has restricted mining to conventional methods and negatively impacted production where tonnes mined per day have decreased from an average of 940 tonnes during the last quarter to around 500 tonnes currently, a reduction of 47%, albeit at a higher grade.

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