Vancouver Trenching focusing on the Kay Tanda epithermal deposit on Mindoro Resources’ (MIO-V), Archangel project in the Philippines has extended the gold-silver mineralization east-westerly. The property is situated in the Batangas region on Luzon Island in the Philippines which also contains the company’s Lobo project.
Mindoro can earn up to a 75% interest in the two properties from Egerton Gold Philippines and additional contiguous properties covering some 12,200 hectares.
Three trenches, 30 metres apart from each other tested the Pulang Lupa area, situated 400 metres west of the Kay Tanda resource. The trenches returned 23 metres grading 1.86 grams gold and 11 grams silver; 8 metres of 4.28 grams gold and 4 grams silver; and 18 metres grading 2.67 grams gold and 49.2 grams silver.
A trench in the Lumbangan area, 300 metres east of Kay Tanda resource returneed 51 metres grading 1.24 grams gold and 25.5 grams silver. Further east, a vertical channel sample down an old shaft returned 5 metres of 1.71 grams gold and 56 grams silver per tonne.
From geology and geochemistry it appears that the gold-silver mineralization at Kay Tanda extends over 1.6 km east-westerly, and is about 100 to 600 metres wide.
At Archangel, epithermal gold and silver mineralization in quartz stockworks is found at higher elevations while porphyry copper and gold is found at the lower elevations.
Within the Kay Tanda area which is being evaluated for its open-pit and heap leach potential an inferred resource containing 370,000 oz. of gold and 1.3 million oz. of silver had been estimated.
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