Vancouver — Mapping and sampling have enabled
Exploration of the 300-metre-wide zone resulted in a 60-metre section that assayed 1.45% copper and 0.9 gram gold per tonne, including a previously reported 25 metres of 2.77% copper and 1.39 grams gold. The zone consists of skarn-altered diorite containing massive copper-pyrite veins, strings and veinlets.
Sur American says the results “confirm the large size potential” of the Comval system, which extends for about 6 km north-south on the eastern side of the Agusan River Valley. The system contains an undrilled geophysical anomaly immediately south of Tagpura. This large target will be drilled later this year, after geophysical crews complete work on the western side of the river valley. Also, gold-rich skarn mineralization has been identified several kilometres north of the Tagpura deposit. The extent of the mineralization will be tested.
Sur American began exploring the Comval project in May 2003 after assembling numerous copper-gold properties into a contiguous land package measuring 15 km long by 3 km wide. The project is in the prospective but underexplored Eastern Mindanao mineral belt, on the island of the same name.
A previous operator outlined a resource at Tagpura of 80 million tonnes grading 0.4% copper, plus 0.5 gram gold and 5 grams silver per tonne. This resource does not yet conform to CIM reporting standards, as Sur American has not confirmed the accuracy of the 1970s drill data.
The Vancouver-based company’s other Philippine projects include T’Boli, on Mindanao Island, which is being explored for gold.
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