PMEA Blog

EDMONTON, ALBERTA
Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) announces progress on the infill drilling program at Agata Nickel Project.
A total of 52 holes for 940 meters (m) have been completed from a detailed infill drilling program totaling 2,500 to 3,000 meters. Results have been received for 322 core assays from the first 16 holes, drilled […]

By Riza T. Olchondra
MANILA, Philippines—The government has approved the work program for the Kingking copper-gold project in Pantukan, Compostela Valley, according to new operator Nationwide Development Corporation (NADECOR).
NADECOR, which has taken over operational duties from publicly listed Benguet Corp., said it could now move forward with the completion of the Declaration of Mining Project Feasibility […]

Historically, gold is rare because of the poverty of precious yellow metal in gold mines. Despite all the difficulties, the world gold production managed to grow for centuries; it multiplied by 4 in 100 years. But since 2001, the miraculous growth of world gold production appears to have peaked.

The hierarchy of global gold producers are […]

Fairfax Securities has issued a note on Medusa Mining (ASX, AIM: MML; TSX: MLL), following a recent visit to the group’s Co-O mine in the Philippines, saying it feels that future developments at the project will continue to add value.

The visit helped the broker gain a clearer idea how future production growth is likely to […]

CGA Mining (ASX: CGX, TSX: CGA) has reported that during the current month it has achieved a new record throughput of in excess of 20,000 dry tonnes (on soft ore) in a 24 hour period (annual equivalent of in excess of 7 mtpa at 95% availability) at the Masbate Gold Project in the Philippines.

With the […]

COMO, WESTERN AUSTRALIA, May 07, 2010 (MARKETWIRE via COMTEX) — Medusa Mining Limited /quotes/comstock/11t!e:mll (CA:MLL 4.19, +0.01, +0.24%) (ASX: MML)(AIM: MML) (”Medusa” or the “Company”), through its Philippines subsidiary, Philsaga Mining Corporation (”Philsaga”), advises that drilling at Lingig has continued to intersect copper mineralisation in two geological settings.

Basalt-hosted mineralisation (now called the Basalt […]

COMO, WESTERN AUSTRALIA, May 05, 2010 (MARKETWIRE via COMTEX) — Medusa Mining Limited /quotes/comstock/11t!e:mll (CA:MLL 4.33, +0.14, +3.34%) (ASX: MML)(AIM: MML) (”Medusa” or the “Company”), through its Philippines operating company Philsaga Mining Corporation (”Philsaga”), advises that it has discovered a new outcropping porphyry copper-gold target named Usa.

The target has so far been defined […]

Red 5 (ASX: RED) has reported that Delta Earthmoving Inc., a Philippines based organisation, has been provided with a letter of intent to award a life-of-mine contract for the open pit at the Siana Gold Project.

The Siana Gold project is located in the Surigao Gold District of the Philippines. An Indicated Mineral Resource within the […]

Metals Exploration (AIM: MTL) has completed its feasibility study for the RunRuno gold-molybdenum project in the Philippines, confirming the project’s viability with average production of 96,700oz gold per annum for a ten-year mine life. Additionally, the company classified 780,000oz gold as Proven and Probable Mining Reserves.

“Completion of the feasibility study together with the declaration, for […]

CGA Mining (ASX: CGX, TSX: CGA), which has a market capitalisation in excess of $700 million, will take a 10% interest in Sierra Mining (ASX: SRM) and become a strategic investor in the company.

CGA has agreed to invest in 11.8 million ordinary shares at $0.06 each, along with one for two free attaching options exercisable […]