A Canadian mining exploration company has found high-grade gold and silver deposits at a mining site in T’boli, South Cotabato.
Cadan Resources Corp., which operates the Tboli gold-silver project through Philippine affiliate Tribal Mining Corp., said the mine site might contain 584,000 tons of mineral deposits with 10.2 grams of gold and 50 grams of silver per ton.
In September, the company estimated mineral resources at the site at 420,000 ounces of gold and 1.6 million ounces of silver. It pegged the grade at 5.5 grams of gold and 21 grams of silver per ton.
"The latest higher grade results continue to indicate that the Tboli gold-silver resource not only appears to be larger in area. The grade also appears to be higher than [the earlier mineral resource classification]," Tribal Mining President Edgar D. Martinez said.
In a statement, he noted that there had been minimal surface exploration activity within a 400-meter area. Previous tests in the eastern side of the resource ranged from 13.37-81.14 grams of gold per ton, he added.
Tribal Mining obtained a permit to continue its exploration activities on Sept. 9 for potential development of the Tboli gold-silver project.
Canadian miner Cadan, which used to be known as Sur American Gold Corp., started underground development of the T’boli gold-silver deposits sometime later to determine the quality and quantity at the site.
The company’s mine development site straddles an area earlier contested by a native clan and a local cooperative.
The Maguan clan has sought clearance to mine the area of the T’boli Minahang Bayan Multipurpose Cooperative, which supposedly forms part of its ancestral domain claim. Consisting of small-scale mining operators, the cooperative has asked a local court that 21 hectares of a gold-rich portion of the village of Kematu in T’boli town be set aside for its exclusive use.
The land, however, forms part of the 85-hectare mining area granted by the government to Tribal Mining under a mineral production sharing deal.
Mines and Geosciences Bureau Regional Director Constancio A. Paye, Jr. said the dispute between the cooperative and Tribal Mining is separate from the claims of the Maguan clan.
Former South Cotabato Governor Hilario de Pedro III has issued an executive order apportioning the 21 hectares as the "people’s mining site" to address the row.
Mr. Paye said about 20 to 30 tunnels have been dug by cooperative members at the site over the years. — Romer S. Sarmiento, BsuinessWorld
Cadan Resources Corp., which operates the Tboli gold-silver project through Philippine affiliate Tribal Mining Corp., said the mine site might contain 584,000 tons of mineral deposits with 10.2 grams of gold and 50 grams of silver per ton.
In September, the company estimated mineral resources at the site at 420,000 ounces of gold and 1.6 million ounces of silver. It pegged the grade at 5.5 grams of gold and 21 grams of silver per ton.
"The latest higher grade results continue to indicate that the Tboli gold-silver resource not only appears to be larger in area. The grade also appears to be higher than [the earlier mineral resource classification]," Tribal Mining President Edgar D. Martinez said.
In a statement, he noted that there had been minimal surface exploration activity within a 400-meter area. Previous tests in the eastern side of the resource ranged from 13.37-81.14 grams of gold per ton, he added.
Tribal Mining obtained a permit to continue its exploration activities on Sept. 9 for potential development of the Tboli gold-silver project.
Canadian miner Cadan, which used to be known as Sur American Gold Corp., started underground development of the T’boli gold-silver deposits sometime later to determine the quality and quantity at the site.
The company’s mine development site straddles an area earlier contested by a native clan and a local cooperative.
The Maguan clan has sought clearance to mine the area of the T’boli Minahang Bayan Multipurpose Cooperative, which supposedly forms part of its ancestral domain claim. Consisting of small-scale mining operators, the cooperative has asked a local court that 21 hectares of a gold-rich portion of the village of Kematu in T’boli town be set aside for its exclusive use.
The land, however, forms part of the 85-hectare mining area granted by the government to Tribal Mining under a mineral production sharing deal.
Mines and Geosciences Bureau Regional Director Constancio A. Paye, Jr. said the dispute between the cooperative and Tribal Mining is separate from the claims of the Maguan clan.
Former South Cotabato Governor Hilario de Pedro III has issued an executive order apportioning the 21 hectares as the "people’s mining site" to address the row.
Mr. Paye said about 20 to 30 tunnels have been dug by cooperative members at the site over the years. — Romer S. Sarmiento, BsuinessWorld
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