PMEA Blog

In a note to investors, FairFax Securities said that Medusa Mining (ASX:MML, LON:MML, TSX:MLL) “continues to demonstrate a solid reserve base” for its Co-O gold mine in the Philippines.
Last week, Medusa reported a new resource estimate for Co-O, which put the probable reserve at 505,000oz of gold contained within 1.46 Mt (million tonnes) grading […]

Medusa Mining Limited (TSX: MLL)(ASX: MML)(AIM: MML) (”Medusa” or the “Company”), through its Philippines operating company Philsaga Mining Corporation (”Philsaga”), announces a newly completed JORC and NI 43-101 compliant Ore Reserve estimation for the Co-O Mine.
The Probable Reserve, as at 21 June 2010, now stands at 505,000 ounces contained in 1,465,000 tonnes at 10.7 g/t […]

Medusa Mining (LON:MML, ASX:MML, TSX:MLL) has promoted Peter Hepburn-Brown from his role as a non-exec director to a new position of executive director of operations.
Hepburn-Brown will be responsible for the management of all operational and technical aspects of the companys operations in the Philippines.
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Medusa Mining (ASX, AIM: MML; TSX: MLL), through its Philippines operating company, Philsaga Mining Corporation, has increased the Indicated Resource by 4% to 603,000 ounces and increased the Inferred Resource by 36% to 898,000 ounces (excluding production since 9 December 2009) at its Co-O Mine.
The grade of both categories has also increased. The company has […]

The last few months have seen buoyant times for Australian based, Philippines focused gold producer Medusa Mining (ASX:MML, AIM:MML, TSX:MLL), with several new mineral discoveries and upgraded resource estimates from their Philippine based mining properties.
With solid levels of production, low costs and excellent upside potential to expand both production and exploration, Medusa’s strong operational and […]

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 […]

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 […]

LONDON (SHARECAST) - Gold miner Medusa Mining said drilling on its Saugon First Hit Vein prospect in the Philippines will start in May of this year. The prospect was last drilled by the company in 2004, when gold was trading a little above the $400 an ounce level. Gold is currently trading just below $1100 […]

COMO, WESTERN AUSTRALIA, Apr 20, 2010 (MARKETWIRE via COMTEX) — Medusa Mining Limited /quotes/comstock/11t!e:mll (CA:MLL 4.25, +0.13, +3.16%) (ASX: MML)(AIM: MML) (”Medusa” or the “Company”) through its Philippines operating company Philsaga Mining Corporation (”Philsaga”), advises that drilling will commence during May at the Saugon First Hit Vein Prospect. This project was last drilled […]