May/June 2013 - The ASIA Miner
May/June 2013 - The ASIA Miner
May/June 2013 - The ASIA Miner
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Philippines<br />
Red Mountain<br />
starts drilling at Pica<br />
RED Mountain Mining has started drilling the Pica epithermal lode<br />
structure at Lobo prospect in the Batangas Gold Project. Pica is one<br />
of at least five parallel epithermal lodes at Lobo, which is about 100km<br />
south of Manila on Luzon Island.<br />
A 2005 drill hole at the high-grade vein confirmed intersections of<br />
1.5 metres @ 8.5 grams/tonne gold from 29.8 metres and 13.65 metres<br />
@ 2.49 grams/tonne gold from 110 metres.<br />
Mapping by Red Mountain during February and March has determined<br />
that these veins outcrop and are part of a major northeastsouthwest<br />
trending structure of more than 2km strike length. <strong>The</strong> new<br />
holes will initially test the near-surface extent of the veins for open pit<br />
mining potential. <strong>The</strong> company’s executive chairman Neil Warburton<br />
says, “<strong>The</strong> sampling and trenching program at Lobo has defined multiple<br />
at surface high-grade gold drilling targets that will now be drilltested.<br />
This is an exciting phase of the Lobo drilling program that will<br />
hopefully add further gold resource targets in addition to Lobo’s West<br />
Drift and South West Breccia resources.”<br />
Lobo’s series of epithermal lodes and breccias have now been mapped<br />
over a combined strike length of more than 15km. High-grade<br />
gold shoots have been identified at South West Breccia with an indicated<br />
resource of 178,000 tonnes @ 7.4 grams/tonne gold for 42,000<br />
ounces and an inferred resource of 16,000 tonnes @ 5.3 grams/tonne<br />
for 3000 ounces, and the new West Drift gold discovery. Regional<br />
trenching and channel sampling has identified new veins and highgrade<br />
targets for further drilling.<br />
Drill testing of the Japanese Tunnel prospect, which is about 150 metres<br />
southwest of the Southwest Breccia resource, is also under way.<br />
<strong>The</strong> indicated and inferred resource contains 194,000 tonnes @ 7.2<br />
grams/tonne gold. At least three holes are planned to test the prospect.<br />
Sampling at the recently discovered Ulupong epithermal vein, 1km<br />
southeast of Southwest Breccia has produced high-grade gold assays<br />
including 0.45 metres @ 23.39 grams/tonne. Another newly discovered<br />
outcropping vein 300 metres northeast of the Ulupong trench<br />
has produced an assay of 1 metre @ 4.56 grams/tonne. All veins<br />
sampled at Ulupong have produced high-grade gold assays, consistent<br />
with the highly anomalous gold soil sampling results along a<br />
2km+ corridor. Infill soil sampling and further trenching will be carried<br />
out to define drilling targets.<br />
Checking core at Red Mountain Mining’s Batangas project.<br />
<strong>May</strong>/<strong>June</strong> <strong>2013</strong> | <strong>ASIA</strong> <strong>Miner</strong> | 41