MANKAYAN, Benguet – The Copper-Gold Project of Lepanto Consolidated Mining Company has commenced commercial operation to help boost the growth of the company and contribute to the vibrance of the local mining industry and bring the company to the limelight.
Based on available data obtained from the company, Lepanto has sold 1,048 dry metric tons copper-gold concentrate to be shipped this week.
Since October 2015, Lepanto’s exploration team has completed 47,275 meters of underground drilling to evaluate the copper–gold project resources at the former enargite mining area that will ascertain its compliance to current industry standards.
This program has successfully discovered combined indicated and inferred resources of 7.746 metric tons at 0.896 percent per cubic meter and 1.974 g/t Au.
Furthermore, on-going drilling has outlined an additional geologic resource of 7.29 metric tons at 1.69 percent per cubic meter and 2.02 g/t Au, and an increased drilling program will bring these areas into inferred and indicated categories.
Lepanto will continue to produce gold ore from its Victoria Gold Project that will sustain the possible extension of its mine life to contribute in the growth of economic activities not only in the municipality but also regionwide and to the country as a whole.
By Salvador ‘Butch’ Mendizabal, Jr.