CGA Mining raises funds for Masbate gold project
January 25th, 2010
Filed under: Operator - CGA Mining
abs-cbnNEWS.com
MANILA, Philippines - Australia-registered CGA Mining Ltd has announced it is raising C$74.8 million to repay loans and further explore the Masbate gold project.
The project, which is currently ramping up to full production, has a total indicated resource base of 4.55 million ounces of gold and an inferred resource base of 3.22 million ounces with a probable reserve of 3.03 million ounces of gold.
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