El Dore"s Nalesbitan project final feasibility study will be undertaken from June to December this year.
The property, located in the Bicol Peninsula some 300km east of Manila, Project in the Municipality of Labo, Province of Camarines Norte, Philippines, comprises a granted mining lease (about 481ha current to October 2012) surrounded by Mining Claims for a total area of 11.46sqkm with major gold-copper prospectivity.

Mineralization identified to date consists of two adjacent zones of hydrothermal type, almost certainly associated with a deep primary porphyry copper-gold system.

ElDore CEO, Tim Collver, who will make a presentation at The ASIA Miner Investing in Mining Conference on May 7-8 in Sydney Australia, says the MillsiteSingko zone is a steeply dipping lode system, with sheeted and stockwork gold-copper sulphide quartz veins.

"This mineralized zone was discovered in 1989, and artisanal miners over the subsequent 10 years were estimated (in 1997) to have recovered in the order of 500,000 ounces of gold from working the oxidized near surface bedrock and scree over an area of 400 metres x 200 metres," Tim Collver says.

The company has announced delineation of a 277,000 ounces gold indicated and inferred mineral resource for Nalesbitan.

An inhouse preliminary scoping study based on this resource returned positive results.

"We  are reviewing the potential to delineate porphyrystyle mineralization at depth."

To attend The ASIA Miner Investing in Mining conference on May 7-8 and hear the latest information about ElDore's Nalesbitan gold-copper project and the resurgence of mining in the Philippines go to the Investing in Mining page on this website.

News sourced from International Mining Project News - www.im-mining.com