Vancouver — Scout drilling at the Balabag Ridge project in the Philippines has returned encouraging gold-silver values for
The 594-metre program tested for mineralization below a series of small-scale workings along a prominent, 1.1-km-long ridge. Some 300 channel and chip samples collected over a portion of the ridge returned a weighted average of 10.97 grams gold and 258.69 grams silver per tonne.
The first two holes were collared in the Unao Unao area and, despite cutting zones of silicified and brecciated andesite, no significant mineralization was encountered.
Moving over to the Miswi area, hole 3 cut 14 metres grading 5.2 grams gold and 85 grams silver per tonne at a down-hole depth of 79 metres. Included in this section was a higher-grade portion running 16.6 grams gold and 311 grams silver over 3 metres.
Collared in the Tinago area, hole 4 hit a small-scale mining stope, while hole 5 returned 9 metres grading 5.4 grams gold and 122 grams silver. Included in this section was a higher-grade portion grading 19.7 grams gold and 450 grams silver over 2 metres.
Mineralization occurs in quartz veins hosted in a package of andesitic volcanic rocks. The veins and wall rock contain mainly pyrite with minor galena and sphalerite.
Based on the results, the junior intends to define the vein orientations in the Unao Unao area through hand-trenching.
Situated in the southern Philippines on the western side of Mindanao Island, the Balabag prospect was first discovered in 1995. It was originally explored by
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