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Strategies & Market Trends : The Ego Forum

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From: hubris338/21/2014 10:57:27 AM
   of 12175
 
RTG ANNOUNCES GRANTING OF THE BUNAWAN EXPLORATION PERMIT ...................

rtgmining.com

The Bunawan Project is a highly prospective high grade gold exploration project, situated contiguous to the existing high grade Co-O mine owned by Medusa Mining Limited.

from Co website:

Bunawan Project The Bunawan Property comprises two tenement applications (in multiple parcels totalling 5,566 ha) in the Agusan del Sur province approximately 190km north-northwest of Davao and adjacent to the Davao-Surigao highway. The tenement areas cover multiple known gold occurrences with significant artisanal mining activity in the Red Mountain to Muhunoc district around the Mahunoc diatreme.

The setting is considered very favourable for low sulphidation epithermal gold deposits and shows strong similarities to the nearby operating high grade Co-O gold mine.
The current key targets at Bunawan are located on EXPA-037. All requirements for conversion to an Exploration Permit have been completed, including getting the local Indigenous People’s approval.

There are a number of highly prospective targets situated within a 1km strike of +200ppb Au soil anomaly which will be drilled once the EP is approved.

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