Medusa mining limited bananghilig deposit mineral resource update what is bitcoin trading at

"The resource conversion has been very good where drilling densities are sufficient bitcoin price drop. The conversion of Inferred Resources to Indicated Resources is re-commencing with an additional 14 holes planned bitcoin forecast 2020. A new Indicated-Inferred Resource estimate will subsequently be undertaken and published in the September quarter of this year with the annual resource statement.

The Bananghilig Gold Deposit within the Tambis District is operated under a Mining Agreement with Philex Gold Philippines Inc. over Mineral Production Sharing Agreement ("MPSA") MPSA-344-2010-XIII which covers 6,262 hectares.

In the 1980s and 1990s a large amount of diamond and reverse circulation drilling totalling 29,477 metres in 344 holes was undertaken by various explorers to investigate a large area of known mineralisation.


From 2005 to 2007, Philsaga undertook underground exploration through a 50 metre deep shaft and development, adits, and underground and surface drilling totalling 7,715 metres in 31 holes.

A global Inferred Resource estimation for Bananghilig was undertaken by Cube Consulting Pty Ltd of Western Australia and announced on 28 August 2012 based on drilling results available to 31 July 2012, including a substantial amount of the 2012 infill drilling.

A small amount of drilling was subsequently completed as announced on 21 November 2012 which confirmed the geological and grade model, but has not yet been incorporated into the resource estimate.

Since October 2012, detailed surveying and plotting of artisanal mine workings has been undertaken to facilitate an estimate for depletion bitcoin price news. Four areas of intense mine workings have been defined and all Selective Mining Unit ("SMU") blocks within these volumes, above the water table and greater than 5 g/t gold have been depleted.

A re-classification of the 28 August 2012 resource estimate has been completed incorporating the artisanal depletion, and has highlighted two areas within the model requiring an additional 14 drill holes to upgrade the resource category in these areas bitcoin news in india. The 14 current new holes and the post 31 July 2012 drilling will be incorporated into a new resource estimate for the annual resource update in the September 2013 quarter.

The projection of the resources to surface is shown in Figure 1 overlaying the geology map, and a cross- section through the deposit is shown in Figure 2 where each coloured dot represents a block size of 5 metres by 5 metres by 2 metres.

• Wireframes were generated on plan and cross sectional interpretations based on available geology and assay data available bitcoin miner for android. A lower cut off of approximately 0.3 g/t Au was used to define 4 mineralised envelope domains, Diatreme Breccia Mineralisation Domains 1, 2 and 3, and Mudstone Mineralisation Domain 2.

• The Resource has been estimated using Ordinary Block Kriging and Uniform Conditioning ("UC") bitcoin chain explorer. UC is a mathematical method that allows the discrimination of ore and waste at an assumed selective mining unit size within an estimated panel of significantly larger size buy gift cards with bitcoin. In theory, this provides a more correct prediction of estimated resource grade and tonnes above a cut off than an ordinary block kriging alone one bitcoin value. The method draws information from the composite data variogram model and Krige’s Relationship.

• The application of the UC technique at Bananghilig is based on the premise that mining would be by open pit extraction bitcoin mining speed. A Selective Mining Unit ("SMU") of 5 metres by 5 metres by 2 metres was evaluated within ordinary kriged panels Y = 25 metres; X = 25 metres and Z = 4 metres for the purposes of reporting recoverable resources.

Information in this report relating to Exploration Results has been reviewed and is based on information compiled by Mr Geoff Davis, who is a member of The Australian Institute of Geoscientists. Mr Davis is the Non-Executive Chairman of Medusa Mining Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a "Competent Person" as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Davis consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Information in this report relating to Mineral Resources has been estimated and compiled by Mark Zammit of Cube Consulting Pty Ltd of Perth, Western Australia. Mr Zammit is a member of The Australian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Zammit consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

This report contains certain forward-looking statements bitcoin price trend analysis. The words ‘anticipate’, ‘believe’, ‘expect’, ‘project’, ‘forecast’, ‘estimate’, ‘likely’, ‘intend’, ‘should’, ‘could’, ‘may’, ‘target’, ‘plan’ and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements.

Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Medusa, and its officers, employees, agents and associates, that may cause actual results to differ materially from those expressed or implied in such statements.

You should not place undue reliance on forward-looking statements and neither Medusa nor any of its directors, employees, servants or agents assume any obligation to update such information.