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Medusa Mining Ltd.
Summary
| Project: | Co-O | |
|---|---|---|
| Deposit: | Co-O | |
| Location: | Philippines | |
| Commodities: | Gold | |
| Date: | 10/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-10-2019: Medusa Mining Ltd. announces an Exploration/Drilling Update report for its Co-O deposit at the Co-O project. Drilling results incl. 1.60m @ 159.91g/t Au from 396.90m. Total drilling for the quarter was 11,380 metres, a 16% decrease from last q | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James P Llorca (Internal) | |
| ABSTRACT: | Total drilling for the quarter was 11,380 metres, a 16% decrease from last quarter, with one drill rig completing its drilling program and stood down pending the completion of the next drill cuddy, planned to be ready by end of next quarter. Drilling focussed on levels 4, 9 and 10 for reserves and level 10 for resource. Resource drilling on level 10 totalled 7,722 metres from 16 holes, while reserve definition drilling from levels 4, 9 & 10 totalled 3,658 m from 24 holes. High-grade results achieved in resource drilling included 1.60 m @ 159.91 g/t Au, 0.80 m @ 112.53 g/t Au, 0.55 m @ 64.80 g/t Au and 0.25 m @ 31.35 g/t Au (Table II). The underground drilling campaign from level 10 targeting resource definition to levels 11 to 16 (Figure 3) continued to return good results. This program is aiming to increase and upgrade (net of depletion) the current Mineral Resource through depth and strike extensions of the mineralised vein system between levels 10 to 16 (-300m to -600m RL). Significant results obtained during the quarter are reported in Table II and relative positions shown in longitudinal section (Figure 3 & 4) and 3D view (Figure 5). | |
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