• PHILIPPINES – New Target Identified at Lobo

    Red Mountain Mining has identified a new high-grade gold target at the Lobo prospect of the Batangas project in southern Luzon. Rock chip sample results of up to 32.7 grams/tonne gold have been returned from the Signal target, which is about 1.5km west of Lobo’s South West Breccia (SWB) deposit.

  • PHILIPPINES - Strong Results from Mabilo Drilling

    RTG Mining has delivered further high grade copper, gold and iron intersections in the North and South mineralized zones at the Mabilo project. The results seem to have advanced the geological understanding and highlight down dip potential and extensions to the system in these zones.

  • PHILIPPINES - TVI Completes Financing Transactions

    TVI Pacific has completed the final closing of various investment and financing transactions involving Prime Resource Holdings Inc (PRHI), following satisfaction of certain conditions outlined in definitive agreements executed by TVI, PRHI and others on December 11, 2013.

  • PHILIPPINES – Lobo Resource Increases 82%

    Recent drilling at Red Mountain Mining’s Lobo prospect in the Batangas Gold Project has increased the Lobo gold resource by 37,000 ounces, or 82%. The increased resource is expected to have a positive impact on a definitive feasibility study which is expected to be completed by December.

  • PHILIPPINES - Second Phase of Drilling at Itogon

    ECR Minerals will carry out a second phase of drilling at the Itogon Gold Project following positive results of the initial phase. Planning for the second phase of drilling is under way utilizing 3D modelling of the first phase results.

  • PHILIPPINES - Majority of Philex Capex for Silangan

    Philex Mining Corp is allocating the majority of its capital expenditure budget this year to development of the Silangan Copper-Gold Project in Surigao del Norte. The company has allocated P3.2 billion to Silangan with a further P600-800 million for the Padcal operations in Benguet and other exploration expenses.

  • Carmen Copper improves production

    Atlas Consolidated Mining and Development Corp subsidiary Carmen Copper registered total copper-in-metal concentrate production of 24.21 million pounds in the March 2014 quarter from the Toledo Copper Complex, which represented a 17% year-on-year increase. The average daily milling capacity also improved to 47,743 tonnes.

  • Martina seeks partners

    Martina Minerals Corporation is running its activities at a low ebb in difficult financial markets with management continuing to work with potential investors and joint venture partners on its TRIMA 1 and TRIMA 2 projects near Monkayo in South Eastern Mindanao. The company requires additional funds to continue its operations, fund its associate and its acquisition and exploration activities and to become profitable.

  • MBMI sells Philippine interests

    MBMI Resources has entered into an agreement with DMCI Mining Corp for the sale of its interests in three Philippines-incorporated development companies (DevCos) – Narra Nickel Mining and Development Corporation, McArthur Mining, and Tesoro Mining and Development Corporation.

  • Marcventures’ operations suspended

    The Mines and Geosciences Bureau (MGB) has suspended the mining operations of publicly-listed Marcventures Mining & Development Corp for violations of the mining law. The MGB says the decision came after an investigation showed the company was operating outside its mining tenement which the company had earlier denied.

  • Antique coal mining resumes

    Semirara Mining, the Philippines largest coal producer and a member of the Consuji-owned DMCI Holdings group, expects its profits to increase substantially following the resumption of operations in Antique. Mining was temporarily halted last year owing to a landslide.

  • Coal Asia awaits enviro certificate

    Coal Asia Holdings is awaiting issuance of an environmental compliance certificate (ECC) before it can move to the next phase of its exploration and anticipated commercial development at its coal operating contract in Davao Oriental.

  • Didipio debottlenecking on schedule

    Mining and haulage activities at OceanaGold’s Didipio project.DEBOTTLENECKING of OceanaGold’s Didipio process plant to achieve the planned annual 3.5 million tonne throughput rate is on schedule for completion by the end of the year. This process helped the company achieve record gold production of 30,480 ounces during the March quarter with 6479 tonnes of copper also produced.

  • 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).

  • 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.

  • 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.

  • 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.

  • Medusa increases Co-O production

    Medusa-crushed-oreMEDUSA Mining produced more gold from its Co-O project on Mindanao during the March quarter than in the previous quarter but was short of forecasts due to flooding in January. There were 16,200 ounces of gold produced at an average head grade of 4.20 grams/tonne and cash costs of US$398 per ounce.

  • Comval placed on care and maintenance

    METALLUM Ltd, formerly Mining Group Ltd, has scaled down activities at its Comval Copper-Gold Project in line with its new strategy to focus on the El Roble Copper Project in Chile given that project high-grade, near-term production potential. The company is undertaking care and maintenance at Comval, working with local communities to ensure ongoing support for any future activities by the company.

  • Cadan initiates company review

    Cadan-CSRAFTER surviving a difficult 12 months through Board and management disruptions, limited access to funding and legacy issues impacting production at its T’Boli operation, Cadan Resourceshas commenced a strategic review. The review was announced in early May and is expected to take three to four months to complete Cadan’s president and CEO Peter Cunningham is managing and directing the process and has committed to provide an update by the end of June.

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