Drilling of the Assmicor, East Limestone, West Limestone and Golden Rock targets, on Mindanao Island, will begin shortly. The anomalies suggest potential for skarn or replacement mineralization and intrusive-hosted mineralization at depth. Exploration on the properties for platinum occurrences also continues. The company is stream sampling for heavy minerals along a 8.5-km ultramafic belt that runs through the area.
To fund exploration, the company will raise $350,000 through the sale of 1.7 million units at 20 cents each.
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