2 firms see gold potential in Masbate
June 27th, 2008
Filed under: General News
From: newsinfo.inquirer.net
LEGAZPI CITY – Geograce Resources Philippines Inc. and Vale Exploration Philippines Inc. have agreed to jointly explore seven mineral claims covering 84,046 hectares of land on Masbate Island, about 350 kilometers south of Manila.
Vale is actively engaged in mineral exploration efforts in 21 countries all over the world while Geograce has spent more than $5 million for early-stage exploration and assessment of promising mining claims throughout the Philippines.
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