logo-loader

Medusa Mining ends drilling at Tambis on postive note

Published: 13:07 11 Sep 2014 BST

goldore350_5411913288fd1

Medusa Mining’s (ASX:MML) latest round of drilling at the Tambis deposits in the Philippines has finished with a flourish.

Medusa halted the programme in June but has just received the results from the last three holes on the B2 area of the Tambis area.

One hole returned a grade of 9.79 grams per tonne (g/t) over a 12 metre (m) width, while Medusa highlighted grades of 1.36 g/t and 1.22 g/t in another hole.

Geoff Davis, Medusa’s chief executive, said: “It is pleasing to finish the recent round of drilling with some more good results.

“Whilst the drilling is still wide spaced at the B2 Discovery area, we have established mineralisation over a large area of approximately 800 metres by 1,000 metres, and which appears to be still open in most directions.”

Tambis comprises the Bananghilig gold deposit and the B2 discovery area.


Caledonia Mining tackles 2023 challenges with optimism for 2024 as it...

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) chief executive Mark Learmonth tells Proactive's Stephen Gunnion the company faced a challenging 2023, primarily due to poor production in the first half of the year at its core asset, the Blanket Mine in Zimbabwe, and an underperformance...

1 hour, 39 minutes ago