PMEA Blog

West Australian-based gold exploration company Red 5 (ASX: RED) has kicked off exploration diamond drilling at the LSY prospect in the Philippines, with the first of seven planned holes now at 278 metres depth.

Managing Director Greg Edwards said the hole had, at the predicted depth, intersected an altered diorite intrusive rock-type, a typical host to porphyry systems elsewhere in the Philippines and the Pacific Rim.

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