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Article: Medusa Mining explores in Agusan.(Business News)
- Article from:
- Manila Bulletin
- Article date:
- April 9, 2007
CopyrightCOPYRIGHT 2007 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An Australian mining company is optimistic of finding bigger gold resource from its Mindanao mining tenements after having obtained two small scale mining permits over the Anoling gold project which has been known to be an old mining area even before the World War II times.
Geoff Davis, managing director of Australian Stock Exchange-listed Medusa Mining Ltd. (MML), disclosed that the company through an agreement with Alcorn Gold Resources Inc. is pursuing exploration in Anoling over Agusan del Sur.
"The company will immediately begin exploration via exploration shafts and underground development of some of the abandoned mines and undertake exploratory ...