Ongoing diamond drilling at Medusa Mining’s Co-O Gold Mine in the Philippines has encountered an exceptional intersection of 33.50 metres at 18.07 grams/tonne gold including a massive grey quartz vein assaying 15.9 metres at 34.02 grams/tonne gold.

The remainder of the 33.50 metre intersection consists of lesser veins and quartz vein stockworks.

The intersection is about 70 metres along strike to the west of and about 15 metres below the current development heading on the Catto West Vein 1 on the 3100 metre level, and 50 metres below the adit level of 3150 metres.

It is expected that the development drives will reach this area early this month, allowing its true width and mining significance to be determined.

The diamond drilling program is continuing with four surface rigs and two underground rigs.

Medusa managing director Geoff Davis says: “The 15.9 metre intersection is the best achieved to date at Co-O and continues to extend the mineralization further to the west but within reach of our current development drives. In addition, the three high grade intersections higher in hole MD 72 and to the south of the wide intersection significantly add to our confidence that new parallel veins will be defined as drilling progresses.”

www.medusamining.com.au