PMEA Blog

Metals Exploration PLC (AIM: MTL) said step-out diamond drilling at the Runruno gold-molybdenum project on the island of Luzon in the northern Philippines has encountered mineralisation whose style is directly analogous to the main Runruno deposit.

Three holes were drilled 700 metres south east of the most southerly known mineralisation of the Runruno deposit, Sample intersections include 6.3 metres at 0.50 grammes per tonne gold and 1,285 parts per million molybdenum from hole TUD001; 8.0 metres at 0.23 g/t Au and 1,478 ppm Mo from hole TUD002 and 6.0 metres at 0.23 g/t Au and 271 ppm Mo from hole TUD003.

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