Silangan

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  • Asset TypeProject
  • LocationPhilippines

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Latest Information
  • Plan of Arrangement Closed
    Plan of Arrangement Closed
    On 2010-04-27
  • Bayugo Project Resource Estimate
    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 a0.4% CU CUT-OFF,Indicated Resource is Estimated at 85. 71Million Tonnes Grading0.88 % Copper ,0. 73G/T Gold and Inferred Resource is Estiamted at 32. 74Million Tonnes Grading0. 75% Copper ,0. 63G/T Gold.
    On 2009-11-25
  • Boyongan Deposit PRE-Feasibility Study Completed
    Philex Gold Announced That the Recently Completed PRE-Feasibility Study on the Boyongan Copper-Gold Porphyry Deposit in the Philippines Concluded That the Project is Economically Viable. the Study,Using Long-Term Metal Prices of $2. 75/LB for CU and$700 /OZ for AU for the Base Case,Shows a Positive NPV of US $150Million and a Payback of3.5Years. the Life of Mine Production Schedule Includes2Years of PRE-Stripping to Allow a Mine Life of14 Years At a Constant Millfeed Rate of5Mtpa. in Addition,the Study Highlighted an Opportunity of Accessing Additional Mineralized Ground in the Northwest Portion of the Orebody VIA the Future in-PIT Ramp. This Additional Mineralized Material has not Been Included in the Mineral Resource NOR the Mineral Reserve Statements and,as Such,is Currently Classified as Inferred Mineral Resources. Proven and Probable Mineral Reserves Total67 .8MT at0. 87% CU and1.37 G/T AU at0. 60% CU and0. 80G/T AU CUT-Offs.
    On 2008-11-14
  • Clarification RE: Boyongan Deposit Resources & Reserves
    Clarification RE: Boyongan Deposit Resources & Reserves
    On 2008-09-30
  • Boyongan Project Interest Acquisition Announced
    Boyongan Project Interest Acquisition Announced
    On 2008-09-26