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Medusa Mining Ltd.
Summary
| Project: | Saugon | |
|---|---|---|
| Deposit: | Saugon | |
| Location: | Philippines | |
| Commodities: | Gold | |
| Date: | 9/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-9-2016: Medusa Mining Ltd. announces a Resource Estimation report for its Saugon deposit at the Saugon project. Annual statement of mineral resources, unchanged since last estimate. Medusa Mining Limited (“Medusa” or the “Company”), through its Philipp | |
| Resources: | (Resource, I+I): 81500t @ 6.00g/t Au for 15700oz Au contained (JORC 2004) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Medusa Mining Limited (“Medusa” or the “Company”), through its Philippines affiliate, Philsaga Mining Corporation (“Philsaga”), advises that it has completed the annual review and update to its Mineral Resource and Ore Reserve estimates for the year ending 30 June 2016. The Saugon Inferred Mineral Resource (81,500 tonnes at a grade of 5.97 g/t gold for a total of 15,700 ounces contained gold) has remained unchanged from 2013. This information was prepared and first disclosed under JORC 2004. It has not been updated since to comply with the JORC 2012 on the basis that the information has not materially changed since it was last reported. | |
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