Red Mountain Mining (ASX: RMX) has recently acquired gold and silver resources (and copper-gold tenements) in the Philippines - which importantly offer the company near term resource growth potential.
Directors of the company will be discussing the acquisition at the "Stars in 2012" Forum in Sydney for September 19th. Seats are filling fast - register today for free.
*** CLICK HERE TO REGISTER ***
The acquistion is being made from Mindoro Resources (ASX: MDO), and includes a 100% interest in the Batangas Project with already has JORC Indicated Resources of 393,000 gold ounces and 1.4 silver ounces, and Inferred Resources of 108,000 gold ounces and 210,000 silver ounces.
The benefit for Red Mountain is that the company is a proven and experienced exploration team in the Philippines. Over 43,300 metres of drilling completed to date on Batangas Project with 27,000 metres completed on Archangel gold resource.
Highlighting the potential of the Archangel - high grade intercepts below Archangel resources include 61 metres at 5.1g/t gold, 64 metres at 3.5g/t gold, 52 metres at 11.5g/t gold and 26 metres at 4.03g/t gold.
Red Mountain is also acquiring as part of the deal a 75% interest in copper-gold exploration tenements at Tapian San Francisco located near Surigao on Mindanao Island - which has extensive porphyry-related alteration, copper-gold showings and IP geophysical anomalies.
The projects have a large dominating camp scale exploration position including 270 square kilometres at Batangas and 37 square kilometres at Tapian San Francisco. Another plus is the assets are well accessed via port and sealed roads with mains power nearby.
EVENT DETAILS
The event will be held on Wednesday 19th September 2012 at the Radisson Blu Hotel – corner Pitt & O'Connell Street from 5:15pm (for a 5:30pm start).
Light refreshments will be served during the event and following the presentations will be a Wine & Canape Reception allowing you to personally interact with presenting CEOs.
While the event is FREE to attend, registrations are essential.
EARLY BIRD DOOR PRIZE: If you arrive by 5:15pm and register for the event – you qualify for the Special Door Prize of a HD James Bond Spy Pen Digital Video Camera & Recorder.
LUCKY DOOR PRIZES: All attendees instantly go into the draw to win 1 of 3 lucky door prizes drawn on the night of a $100 Radisson Blu Hotel Voucher, a $100 STA Travel Voucher or a $100 Ticketek Voucher.
FULL PRESENTER LIST
Red Mountain Mining (ASX: RMX) has recently acquired some highly prospective projects in the Philippines, which includes a 100% interest in the Batangas project, and a 75% interest in the Tapian San Francisco project.
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