Philex ramps up drilling activities in Surigao
December 1st, 2009
Filed under: Operator - Philex, Region 13 - Surigao Del Norte
abs-cbnNEWS.com
MANILA - Philex Mining Corp. is ramping up exploration activities in its Bayugo prospect in Tubod, Surigao del Norte.
In a disclosure to the Philippine Stock Exchange, Philex president Jose Ernesto Villaluna Jr. said the site’s initial mineral resource estimate showed 85.7 million dry metric tons (dmt) of indicated resource and 32.7 million dmt of inferred resource.
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