Monday, 22nd November 2004 (2579 views)

Canadian mining firm Sur American Gold has announced it has made further positive progression with exploration at its Comval Gold project in the Philippines.

The site in the Compostela Valley, has seen exploration expand the size of the project, with an extra 600 metre wide zone found next to a recently discovered 1000 metre wide zone.

Initial sampling is already in progress and free gold has been panned from a number of areas.

Additional sampling has revealed positive gold findings and the possibility for bulk open cut mining and overall bulk mining across zones.

Survey results are to be reviewed along with all other exploration data collected in 2004 and it is hoped a final decision of initial drilling will be made at the beginning of December.

 

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