Red Mountain submits development applications for Batangas Gold, Manila

3 April 2014 (Last Updated April 3rd, 2014 18:30)

Australia-based Red Mountain Mining's Philippines subsidiary has submitted several applications to the Philippines Government for the approval of operations at the Batangas Gold project in Manila.

batangas

Australia-based Red Mountain Mining's Philippines subsidiary has submitted several applications to the Philippines Government for the approval of operations at the Batangas Gold project in Manila.

The company has applied for permission for the development, mining and processing of the gold mining inventory at the project.

Applications submitted include the declaration of mining project feasibility report (DMPF), exploration report and the environmental impact statement (EIS) with other environmental permit applications required for the grant of an environmental compliance certificate (ECC).

Red Mountain Mining managing director Jon Dugdale said that submission of the permit applications is another key milestone for the company.

"The aim is to continue feasibility studies and complete detailed design at the same time as progressing the project to final permitting, so that financing and development can commence immediately after they are both achieved," Dugdale said.

"The aim is to continue feasibility studies and complete detailed design at the same time."

Meanwhile, the company plans to continue its drilling campaign for testing high-grade targets at the Lobo prospect, to increase resources and upgrade the mining inventory available for the project.

With the DMPF, the company has requested approval for an expanded ten year mining operation, which would allow it to mine and process the South West Breccia mineral resource on the Lobo mineral production sharing agreement (MPSA).

The application also includes permission for carrying out mining and transporting operations at Lobo, and processing of the Kay Tanda West reported mining inventory.


Image: Batangas Gold project mineral resources and planned project infrastructure. Photo: courtesy of Red Mountain Mining Ltd.

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