An ongoing diamond drilling program at Medusa Mining’s Co-O Gold Project in the Philippines continues to extend the vein system.

The company has now drilled about 1000 metres along strike and about 200 metres across strike.

New significant intersections include: 3.45 metres @ 12.48 grams/tonne gold, 0.45 metres @ 39.65 grams/tonne gold, 14.6 metres @ 5.29 grams/tonne gold, 1.45 metres @ 12.64 grams/tonne gold and 0.65 metres @ 25.42 grams/tonne gold.

The West Catto Vein 1 has now been extended along strike to the west for approximately 300 metres from the Oriental Fault and is still open to the west.

The drill programme is continuing with four surface rigs and two underground rigs.

Medusa managing director Geoff Davis says: “The drill programme has further extended the vein system to the west.

“We are confident the ongoing programme will continue to provide excellent results that vindicate our decision to reduce short-term production levels while we expand the production capacity of the mine to match the size of what is proving to be a very extensive mineralized system.”

During on-vein development along the West Catto Veins at the 3050 metre level, a number of splits in the West Catto Veins are being delineated, including the discovery of a vein that shows dip variations from sub-vertical to 30º to the north and swings in strike directions.

This vein’s variable dip and strike requires further development work to determine its geometry, as well as for the main Catto West veins. A wide intercept in one of the holes may be another example of yet to be understood dip and strike variations not previously seen in the mine.

Drilling at the eastern end of the vein system near the Agsao River shows that faulting intensity appears to increase in this area. Drilling is underway on the east side of the Agsao River to assist with vein interpretation around the Agsao River zone.

www.medusamining.com.au