For this initial stage, Silangan is expected to yield high grade mineable ore grades of 0.63 percent for copper and 1.20 grams per tonne of gold. The second phase, which will be comprised of the Bayugo deposit, is scheduled to undergo preliminary feasibility study for underground sub level cave mining within the year.
MVP gearing up to develop Silangan mine: Philex preps P3B stock rights offer. Philex Mining Corp. is tapping the equities market to raise funds to bring its Silangan gold copper project in Surigao del Norte into operation. In a regulatory filing, Philex said its board approved a stock rights offering to raise up to P3.15 billion.
Step 6 Mining samples and determining processing. Once mining gets underway, samples must be taken to determine the precise metallurgical qualities of the ore. This is done in order to determine the appropriate processing technique. Step 7 Processing Once ore is extracted, processing it into pure gold must be done.
A definitive feasibility study conducted by Philex Mining Corp. showed that the companys Silangan copper and gold project had higher mineral reserves in all three ore deposits.
The Silangan copper gold project is located in Surigao del Norte province, Philippines. Silangan Mindanao Mining , a wholly owned subsidiary of Philex Mining Corporation , owns and operates the mine. The mining concession consists of three deposits namely Boyongan, Bayugo, and Kalayaan.
The Bayugo deposit Silangan lies within tenements: EP13 XIII and MPSA 149 99 XIII of SMMCI, while the Bayugo depositKalayaan lies within tenement EP14B XIII of Kalayaan Copper Gold Resources Inc. , a joint venture between Manila Mining Corp. and Philex . The Bayugo deposit Kalayaan is under a Farm in Agreement ...