Runruno
Runruno is located 200km north of Manila in the
mineral rich province of Nueva Viscaya. The area has been known to be
abundant in gold and other precious
metals since the early 1960s and has enjoyed a varied exploration history. Metals Exploration first became involved with the Runruno deposit in
2005 and has undertaken extensive scientific and geological surveys since,
with extremely encouraging results.
Exploration to date has defined a
JORC-compliant Inferred &
Indicated mineral resource of 2.1Moz gold and 36.6Mlb molybdenum,
contained within 28.3 million tonnes at average grades of 2.41
grams/tonne gold and 0.06% molybdenum. The deposit is located within a
large alkaline volcanic complex, approximately 3.5 kilometres in
diameter, of which less than 10% has been effectively explored. For a
full resource estimate please see the Runruno Resources page