PMEA Blog

From: Inquirer.net
By Ronnel Domingo
Philippine Daily Inquirer

MANILA, Philippines — Australian miner OceanaGold Corp. said it expected to complete in the first quarter a drilling program in the northern province of Nueva Vizcaya, which would take it a step closer toward producing gold and copper by 2009 despite resistance from surrounding communities.

In a statement posted on its website, OceanaGold announced that after nine months of drilling, the Didipio gold-copper deposit zone was found to contain a reserve of 32.98 million tons at 1.48 grams of gold per ton and 0.58 percent copper.

http://business.inquirer.net/money/topstories/view/20080215-118984/Australian-firm-to-mine-gold-in-Didipio-next-year