Red 5 award Siana open pit mining contract to Delta Earthmoving
May 5th, 2010
Filed under: General News
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 mine environs is estimated to exceed 800,000 ounces of gold and the company says there is excellent potential to extend this resource.
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