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RTG Mining Inc.
Summary
| Project: | Bunawan | |
|---|---|---|
| Deposit: | Bunawan | |
| Location: | Philippines | |
| Commodities: | Gold | |
| Date: | 4/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-4-2017: RTG Mining Inc. announces an Exploration/Drilling Update report for its Bunawan deposit at the Bunawan project. Drilling results incl. 9m @ 2.02g/t Au from 39.0m. The Board of RTG Mining Inc. (“RTG”, “the Company”) (TSX Code: RTG, A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Ayres (Not stated) | |
| ABSTRACT: | The Board of RTG Mining Inc. (“RTG”, “the Company”) (TSX Code: RTG, ASX Code: RTG announces the results of the diamond drilling program at the Bu nawan Project in the Philippines. The results of this program further confirm the presence of breccia/epithermal vein systems within and below the diatreme that is similar geologically to the nearby Co-O vein system. The discovery of a favorably mineralized dacite host in BDH15 that is geologically similar to the nearby high-grade artisanal mining area also adds to the increased mineral potential of the property. Hydrothermal alteration assemblage in the dacite suggests that it may be a component of a high-sulphidation system in the general area. With the various geological conditions identified, the region has the potential to see another major gold discovery. This second phase of reconnaissance drilling (six holes for 1,798.6 meters) was targeted at Induced Polarization responses coincident with magnetic low signatures and anomalous surface gold geochemistry. The drilling has emphasized the significant potential of the area and further confirmed that the mineralised corridor on the southern margin of the diatreme (marked by extensive shallow artisanal workings in the diatreme and a coincident, district scale structural zone), is a highly prospective target area. | |
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