Metals Exploration resource drilling at Runruno in the Philippines ahead of schedule
September 9th, 2009
Filed under: Mine - Runruno
Metals Exploration PLC (AIM: MTL) said resource drilling for the definitive feasibility study (DFS) for the Runruno gold-molybdenum project in the Philippines is ahead of target, with over 45,000 metres of the planned 65,000 metre programme for 2009 already complete.
The comment came with the group’s announcement it has received an independent technical review for the project, which stated that the a more sophisticated approach than the one previously used is required for the purposes of completing the DFS and estimation of recoverable reserves.
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