Vancouver — Reconnaissance work at the Archangel project on Luzon Island in the Philippines has extended the gold-copper porphyry system in the South Lumbangan area.
Mindoro Resources (MIO-T) is evaluating an epithermal gold-silver zone for its bulk-tonnage potential, as well as a porphyry copper-gold zone.
The copper-gold system at South Lumbangan has been traced over an area measuring 5 by 1 km and is open in three directions. Phyllic alteration, associated with copper-mineralized quartz stockworks, suggests a possible porphyry copper system. Trenching has returned 6.24% copper and 10.6 grams silver per tonne over 1 metre. More of the porphyry-type mineralization occurs at Balibago, about 2 km to the southwest.
Reconnaissance channel sampling over the epithermal gold-silver zone at South Lumbangan returned up to 2.33 grams gold and 50.3 grams silver per tonne over 3 metres. The epithermal mineralization occurs within a broad, flat-lying, quartz stockwork zone of undetermined thickness that extends over 2 km, from the Pulang Lupa area, through the Kay Tanda area, to South Lumbangan. The Kay Tanda area contains an inferred resource of 17 million tonnes grading 0.68 grams gold and 2.48 grams silver.
Mindoro is earning a 75% interest in the project. The company is also active at its Lobo gold-silver-copper project and has interests in five additional projects in the country.
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