Medusa Mining increases resource inventory to 2 million ounces of gold
August 13th, 2009
Filed under: Operator - Medusa Mining Ltd
High grade, low cost gold producer, Medusa Mining (ASX: MML) has defined a maiden JORC inferred resource at the Bananghilig Gold Deposit in the Philippines to 650,000 ounces of gold at 1.3 g/t.
Medusa’s main asset is the Co-O gold mine on the southern Filipino island of Mindanao, which has a JORC resource of 1.38 million ounces of gold at an average grade of 10.8 g/t.
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