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Medusa Mining Ltd.
Summary
| Project: | Co-O | |
|---|---|---|
| Deposit: | Co-O | |
| Location: | Philippines | |
| Commodities: | Gold | |
| Date: | 4/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Report details: | 29-4-2019: Medusa Mining Ltd. announces an Exploration/Drilling Update report for its Co-O deposit at the Co-O project. Drilling results incl. 0.50m @ 112.90g/t Au from 69.00m. At the end of the March 2019 Quarter, the Company’s tenement portfolio remaine | |
| Resources: | (Reserve, P+P): 1.585Mt @ 6.86g/t Au for 350Koz Au contained At Co-O | |
| CP/QP: | [Overall Report]: James Llorca (Internal) | |
| ABSTRACT: | At the end of the March 2019 Quarter, the Company’s tenement portfolio remained unchanged, having 17 tenement holdings with a combined area of 412km2 (Figure 1 & Appendix B). This includes 4 granted tenements and 13 tenement applications. On the granted tenements, 3 are currently in the exploration stage and 1, covering the Co-O Mine area, is in the operation stage. An application to consolidate MPSA 262 parcel 2 and MPSA 299 into MPSA 262 parcel 2 has been turned down, with the Mines and Geosciences Bureau advising that MPSA 262 parcel 2 and 299 require a Declaration of Mine Project Feasibility (“DMPF”). A separate application for extension for the exploration permit covering MPSA parcel 2 was made in order to continue exploration of the Royal Crown Vein area. The application is expected to be in place within the next month. The current permit expired on 17 January 2019. | |
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