PMEA Blog

Lawrence Williams

Metals Exploration’s Runruno project in the Philippines is unusual in that it is a gold project with byproduct molybdenum - a relatively uncommon combination, at least with payable grades. But, says Metals Ex’s managing director, Jonathan Beardsworth, it is one which excites his geologists who feel that the deposit is likely to lie on the flanks of a massive porphyry-type body which the company is only just about to start drilling on.

Even so, Metals Exploration (AIM:MTL) has already defined around 2 million ounces of gold located effectivel y on the flanks of an old volcano with the likelihood, his geologists say again that there may well be similar deposits on the volcano’s opposite and adjacent flanks too. The area is already known as a highly prospective one too with the occurrence only a little more than 20 km away from OceanaGold’s big Didipio copper gold deposit and in the same region as the historic gold mining centre of Baguio..

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