Masbate Project
Country Philippines 
Close to Manila
Surface 83 km² / 20,549 acres
Latitude / Longitude 12 N 25 / 123 E 24
Print Valuation Travel To Property All neighbouring Properties Mines and deposits nearby All active properties nearby
Develops Gold -
Explores for
Last updated on 1/21/2010 - Terms of Use
Risk and valuation analysis of the Masbate Project
Status Risk : Mine development
Country Risk : Important
Title(s) of the Masbate Project
CGA Mining Ltd
Owner: 100%
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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...
Location of the Masbate Project
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.
History of the Masbate Project
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...
Geology of the Masbate Project
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).
Production history
GOLD (oz)150,1421,078,326
SILVER (oz)944,474
Exploration and drilling
5/13/2009First gold pour at 200,000ozpa Masbate, Philippines
Data last updated on : 10/22/2008
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