| Masbate Project |
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Masbate |
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Country |
Philippines
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Close to |
Manila |
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Status |
MINE DEVELOPMENT
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Surface |
83 km² / 20,549 acres |
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Latitude / Longitude |
12 N 25 / 123 E 24 |
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Legends
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| Risk and valuation analysis of the Masbate Project |
| Status Risk : Mine development |
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| Title(s) of the Masbate Project |
 | CGA Mining Ltd
Owner: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| CGA Mining has acquired Thistle Mining Incorporated’s (THT:AIM) (“Thistle”) interest in the Masbate Gold Project in the Philippines on 19 March 2007. CGA indirectly owns, through its 100% ownership of Philippine Gold Ltd, 40% of Filminera and 100% o more... |
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| Location of the Masbate Project |
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The Masbate Project is located on the island of Masbate approximately 350 kilometres south of the State capital, Manila. The project can be accessed by a daily commercial airline service to Masbate city (population of 350,000) and a 70 kilometre drive on partially sealed road to the project site. Alternate access to site from Masbate city is via a 1 hour boat ride.
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| History of the Masbate Project |
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The Masbate Project was originally operated for 14 years (1980 – 1994) by Atlas. The previous operations included open pit and underground mining of oxide, transition and fresh material with subsequent processing using CIL and heap leach processing. more...
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| Geology of the Masbate Project |
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Gold mineralisation is located within quartz veining in the form of fracture filling and silification of the host rock. Sulphides are not abundant but are found within the veins and selvidges. Gold can be associated with the sulphides. The gold is finely distributed (grain size 5 micron to 20 micron).
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| Production history |
| Metal | 2010 | historical |
| GOLD (oz) | 150,142 | 1,078,326 |
| SILVER (oz) | | 944,474 |
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Data last updated on : 10/22/2008
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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