Early exploration with reconnaissance drilling completed in 2014-2015
Major Exploration Potential:
The Bunawan Project includes 4 project areas situated in the world class mineral province of the Pacific Cordillera volcanic arc in the South Philippines. The Project is approximately 5km NE of Medusa Mining’s Co-O mine. Historic production at the Co-O Mine has demonstrated a significant high grade gold system. Active artisanal mining throughout the region further reinforces the gold potential of the area. Bunawan is centered on a diatreme intrusive complex (Mahunoc diatreme) and a number of the artisanal mining operations occur within and adjacent to the Mahunoc diatreme.
Reconnaissance diamond drilling targeted at artisanal workings has intercepted high grade mineralization at Bunawan including 7m @ 4.18g/t Au and 4m @ 12.33g/t Au.