Medusa Mining updates JORC reserve estimate for Co-O Mine
August 27th, 2008
Filed under: Mineral - Copper, Mineral - Gold, Operator - Medusa Mining Ltd
From: www.proactiveinvestors.com.au
Medusa Mining, the expanding gold producer in the Philippines, announced a updated JORC compliant Ore Reserve estimate at the Co-O Gold Mine.
The Co-0 Mine now has a probable reserve estimate of 721,000 tonnes grading 10.77 grams per tonne gold, containing 249,000 ounces. There is also “additional potential” mining inventory of 949,000 tonnes at an estimated grade of 10.6 grams per tonne gold containing a further 323,000 ounces of gold.
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