Rizal Resources Corporation has received a finalised report from mining industry consultants, CSA Global, in relation to proposed resource upgrade work at the T’Boli Gold-Silver Project in the Philippines.

CSA Global was retained by Rizal to review the existing T’Boli inferred resource estimate of 3.8 million tonnes @ at 8.7 g/t gold and 27 g/t silver. The review was carried out by CSA’s principal mining geologist Steve Rose.

The purpose of the review was to detail a recommended work program sufficient for upgrade of this estimate to include higher resource categories, thereby enabling potential estimation of a mineral reserve.

The core tenets of the work program recommended by CSA following its review are:

  1. Maintain focus on North Vein A and B and South Vein given strong demonstrated continuity;
  2. Utilise exclusively underground diamond drilling from existing development;
  3. Push the current decline to allow survey access to old workings; and
  4. Strong focus on drilling techniques that optimise core recovery (use triple tube).

The total quantum of drilling envisaged by a staged work program is 133 holes from eight drill cuddies for just over 30,000 metres of drilling.

Rizal is currently reviewing the specific recommendations contained in the report with a view to developing a drill program schedule and budget at T’Boli over the coming year.


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