• PHILIPPINES - Crazy Horse proposes amalgamation

    Crazy Horse Resources has entered into a Letter of Intent regarding a proposed transaction with Ballyliffin Capital Corp, a capital pool company. The amalgamation, in accordance with the Business Corporations Act (British Columbia), will create a new company under the name Asia Arc Inc.

  • PHILIPPINES - Lobo high grade zones confirmed

    Exploration drilling at Red Mountain Mining’s South West Breccia (SWB) lode corridor of the Lobo project in southern Luzon has confirmed high grade mineralization of up to 0.65 metres @ 18 grams/tonne gold under Trench 13.

  • PHILIPPINES - Tiger signs contract for Itogon drilling

    Tiger International Resources has contracted Quest Exploration Drilling (Philippines) (QED) to provide drilling services at its Itogon Gold/Silver Project.

  • PHILIPPINES - DMCI to complete ENK purchase

    DMCI Holdings is taking full control of UK-listed mining firm ENK Plc, which is focused on developing its Acoje nickel mining project in the Philippines.

  • PHILIPPINES - Excellent Mabilo drill results

    Sierra Mining has received further outstanding results from its ongoing drilling program at the Mabilo project in Camarines Norte Province of Eastern Luzon.

  • PHILIPPINES - Batangas feasibility permits submitted

    Red Mountain Mining has submitted its Batangas gold mining project feasibility applications to the Philippines Government for approval, thus moving once step closer to production and cash flow.

  • PHILIPPINES - Scoping study leads to Batangas DFS decision

    Red Mountain Mining has estimated a low $16.7 million pre-production capital cost, attractive IRR of 70% and projected life of mine revenue of Aus$134 million in the scoping study for its Batangas Gold Project. The company’s board has also approved a definitive feasibility study (DFS) based on results from the scoping study to begin immediately.

  • PHILIPPINES - MBMI signs agreement with partner

    MBMI Resources has entered into an agreement with DMCI Mining Corporation with respect to the shares it holds in three Philippines-incorporated development companies (collectively, the DevCos). As part of this agreement, MBMI has agreed to transfer to DMCI all its interest in the DevCos.

  • PHILIPPINES - First nickel production from pilot plant

    Mindoro Resources’ joint venture partner TVI Pacific and its Philippine operating affiliate, TVI Resource Development (Phils) (TVIRD), have announced first nickel production from the pilot plant at Intertek Minerals Philippines in Manila, for the Agata North project, Agusan del Norte Province, northern Mindanao.

  • PHILIPPINES - Ex-Im Bank support ‘a win-win’

    US independent federal agency Ex-Im Bank has signed a US$1 billion MoU with the Philippine Department of Energy with a view to matching development needs in the Philippines with innovative goods and services offered by American exporters.

  • PHILIPPINES - All not lost for Bezant at Mankayan

    Despite suffering a setback earlier this year when Gold Fields decided not to exercise its option to buy the Mankayan Copper-Gold Project, all is not lost for AIM-listed Bezant Resources.

  • TVI Pacific closes mill at Canatuan

    TVI PACIFIC’S Philippine operating affiliate TVI Resource Development Philippines (TVIRD) has stopped milling operations at the Canatuan Copper-Zinc Project after exhausting its remaining stockpile. The company may consider re-starting the mill pending results of assessing various mine life extension and expansion opportunities.

  • Excellent Batangas metallurgy results

    METALLURGICAL leaching results have demonstrated very high gold recoveries for a sample from the high grade South West Breccia indicated resource at the Lobo prospect of Red Mountain Mining’s Batangas Gold Project in southern Luzon. The composite sample grading 8.8 grams/tonne gold showed recoveries of up to 97%.

  • PHILIPPINES - Batangas scoping study nears completion

    Red Mountain Mining is close to completing the scoping study for its Batangas Gold Project in southern Luzon, which is now focused on the higher grade, near-surface South West Breccia resource at the Lobo prospect.

  • PHILIPPINES - Prime increases stake in Mindoro

    Mindoro Resources advises that Prime Resources Holdings, Inc (PRHI) has acquired almost 36 million additional shares, representing approximately 12.09% of Mindoro’s issued and outstanding common shares through a secondary trade in the market. Following completion of this acquisition, PRHI owns approximately 25.42% of Mindoro’s shares.

  • PHILIPPINES - Further high grade Lobo results

    Red Mountain Mining has received further high grade gold results that could extend the existing South West Breccia Resource at Lobo prospect within its Batangas Gold Project in the southern Luzon.

  • PHILIPPINES - Toledo expansion almost up to speed

    Atlas Consolidated Mining and Development Corp expects the expanded Toledo Copper Project in Cebu will be in full swing in March after initial tests yielded positive results.  The expansion will increase daily milling capacity of the existing plant by 50% to 60,000 tonnes.

  • PHILIPPINES - Bonanza trench results from Lobo

    Red Mountain Mining has delivered some more bonanza grade trenching results from the Lobo prospect on its Batangas Gold Project in southern Luzon. New trenching has intersected a 4.9 metre lode @ 24.9 grams/tonne gold, including 0.5 metres at 136.9 grams/tonne, while a second ongoing trench intersected 1.75 metres @ 41 grams/tonne, including 0.5 metres @ 125.5 grams/tonne.

  • PHILIPPINES - Crazy Horse to raise funds

    Crazy Horse Resources intends to undertake a non-brokered private placement to raise aggregate gross proceeds of up to Can$1.3 million. Net proceeds of the offering will be used to further advance the Taysan Copper-Gold Porphyry Project and for general working capital.

  • PHILIPPINES - Glencore Xstrata likely to pull out

    Indophil Resources has been advised by Glencore Xstrata that it intends to divest its majority interest in the US$5.9 billion Tampakan Gold-Copper Project in southern Mindanao. Melbourne-based Indophil advised of the mining giant’s intention in its quarterly report released last week.

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