Medusa Mining says latest drilling at Lingig prospect extends mineralisation
Medusa Mining this morning reported that further drilling has continued to locate copper mineralisation at potentially economic grades within a very large copper-anomalous envelope near to its existing Co-O mine in the Philippines.
Drilling on the Lingig prospect, which lies to the north and east of the Co-O mine and millsite, has uncovered mineralisation in two distinct geological settings, including thrust-hosted mineralisation and porphyry associated mineralisation.
Nearly all holes drilled to date have visible copper mineralisation and have helped to define a large copper-anomalous zone.
Medusa’s managing director Geoff Davis commented: “We continue to intersect extensive mineralisation in increasingly favourable structural and magmatic settings. The discovery of significant new intersections in a high energy/high fluid flow dioritic hydrothermal breccia environment is interpreted to be vectoring closer to the porphyry mineralisation source. The copper grades intersected to date are comparable to many other porphyry deposits around the world.”
Medusa now plans to continue drilling using three rigs to extend the mineralisation, to refine the geological models and to unravel the mineralisation controls.
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