• PHILIPPINES - New high grade estimate at Batangas

    A new resource estimate at significantly higher grades has been announced at Red Mountain Mining’s Batangas Gold Project. The new indicated and inferred estimate totals 5.78 million tonnes @ 2.2 grams/tonne gold for 408,000 ounces of gold and is based on results from drilling since August last year at the South West Breccia and Lobo prospects as well as a reinterpretation of all previous historical data.  1

  • PHILIPPINES - Medusa resource update at Bananghilig

    Medusa Mining has updated the JORC-compliant mineral resource estimate for Bananghilig gold deposit, following completion of infill drilling. The company’s Philippines operating subsidiary Philsaga Mining has announced the new indicated and inferred estimate of 20.9 million tonnes @ 1.6 grams/tonne gold for 1.08 million ounces.  1

  • PHILIPPINES - St Augustine welcomes new investment

    St Augustine Gold & Copper has welcomed a US$961,125 funding boost from its strategic Philippine partner Queensberry Mining, after the company exercised a portion of the warrants it purchased during a private placement last year. The funds will assist St Augustine’s exploration efforts at the King-king project on Mindanao Island.

  • PHILIPPINES - West Drift results spark program acceleration

    A second diamond drill rig has arrived at West Drift lode at the Lobo Gold Project near Batangas on Luzon Island, as Red Mountain Mining accelerates exploration at the site.

  • PHILIPPINES - Red Mountain doubles Batangas drill program

    Red Mountain Mining has mobilized a second drill rig at the Batangas Gold Project to fast-track its exploration program after new results have confirmed another high grade system at the Lobo prospect. The latest assay results have been received from diamond drill holes beneath the historic Lobo copper open pit which was last worked in the 1960s.  1

  • PHILIPPINES - TVI sends off 5th zinc shipment

    TVI Pacific’s Philippine subsidiary TVI Resource Development (TVIRD) has successfully completed its fifth shipment of zinc concentrate from the Canatuan mine. The load totalled 4470 tonnes of zinc concentrate @ 47.4% zinc, for a payment of US$3.8 million by MRI Trading AG.

  • PHILIPPINES - Coal Asia increases stake in Titan

    Coal Asia Holdings will increase its stake in Titan Mining & Energy Corporation (TMEC) in a strategic move to capitalize on the growth in coal demand in Mindanao. TMEC owns the mining and development rights to the Davao Oriental and Zamboanga Sibugay coal sites which have a combined total potential coal resource of 120 million tonnes.

  • PHILIPPINES - Second high grade system confirmed at Batangas

    A second high grade gold system has been confirmed at Red Mountain Mining’s Lobo prospect within its flagship Batangas project south of Manila.

  • PHILIPPINES - 33rd concentrate shipment achieved at Canatuan

    The 33rd shipment of copper concentrate containing 4419 tonnes @ 18.01% copper has been shipped by TVI Pacific’s affiliate TVI Resource Development (TVIRD) to MRI Trading AG. The concentrate was produced at the company’s Canatuan mine and left the port of Santa Maria in Siocon, Zamboanga del Norte on December 13.

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