Kalamatan Porphyry Copper-Gold

Five kilometers north of the Tagpura-Maangob porphyry lies Kalamatan porphyry copper–gold, which has an indicated “conceptual or order of magnitude” potential tonnage range of some 100 Mt to 525 Mt, with a potential grade range from 0.27% copper and 0.11 g/t gold to 0.55% copper and 0.46 g/t gold.

The first pass drilling also leaves the mineralized zone open along strike, in both directions, and at depth.

Mineralized Corridor and Potential

This first phase drilling at Kalamatan now indicates a corridor of continuous mineralization some 500m long by 150m wide, to a drill depth of 300m. This corridor, 500m long by 150m wide to a projected depth of 500m, indicates a “conceptual or order of magnitude” potential tonnage of some 100 Mt.

The mineralized zone is open in all directions. A conservative extension of the corridor is 1,000m long by 350m wide and, projected to a depth of 500m, indicates a “conceptual or order of magnitude” potential tonnage of some 525 Mt.

These latest results at Kalamatan confirm a very large Philippine style porphyry copper-gold deposit that, with the reported “conceptual or order of magnitude” tonnage and grade, is potentially economic and provides another major resource.

The Kalamatan porphyry copper-gold deposit was first identified in the early 1970′ s, and, in 1974, geophysics was undertaken. It highlighted an induced polarization anomaly of some 1,500m by 1,000m, with a smaller anomaly to the south east of some 300m by 700m.