Data as of Jul 28, 2014 07:13AM UTC
Data as of Jul 24, 2014 12:00AM UTC

Key Facts
Status: Exploration
Type of Work: Surface
Location: Philippines
                 20 km SE of Surigao

Commodities: Gold, Copper
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Latest Information
December 7, 2009
Philex Gold Inc. announced that a NI 43-101 compliant mineral resource estimate was completed by the company’s consultant, Independent Resource Estimations,S.A on the Bayugo deposit. IRES reported an indicated resource of 85.7 million tonnes with average grades of 0.88% copper and 0.73 grams of gold per tonne and an inferred resource of 32.7 million tonnes with average grades of 0.75% copper and 0.63 grams of gold per tonne. These averages were based on an economic cut off grade of 0.4% copper.
November 30, 2009
Philex Gold Inc. reported on its Philippines exploration activities for the nine months ended September 30, 2009. At their gold-copper Boyogan tenements drilling intensified in the third quarter with a total of 26,775 metres from 43 holes completed as of the end of the quarter. In-fill drilling results so far have been confirming the occurrence of high grade porphyry copper-gold mineralization at the Bayugo prospect while definition drilling has been expanding mineralization to the west and south of the deposit. At the Lascogon gold property trench results indicated that only 16.5% of the samples had an average grade of 1.45 grams of gold per tonne.
November 25, 2009
Philex Gold announced the completion of the National Instrument 43-101 compliant mineral resource estimates for its Bayugo project in the Republic of the Philippines in which the Company has a 50% interest and the other 50% is held by Philex Mining Corporation, the indirect parent of the company. Using a 0.4% Cu cut-off, Indicated resource is estimated at 85.71 million tonnes grading 0.88% copper, 0.73 g/t gold and Inferred resource is estiamted at 32.74 million tonnes grading 0.75% copper, 0.63 g/t gold.

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